§ 31.04  VILLAGE FISCAL OFFICER.
   (A)   Establishment of position.  In accordance with R.C. § 733.262, there is hereby established the position of Village Fiscal Officer. 
   (B)   Salary.  The salary of the Village Fiscal Officer shall be payable bi-weekly, plus all other benefits as are provided to full-time village employees, although not specifically designating this position as "full-time". Refer to the annual wage ordinance for specific salary.
   (C)   Duties.  Village Fiscal Officer shall have those powers, duties and functions as provided by the general laws of the State of Ohio and, in addition, he or she shall have the following powers, duties and functions: (1) to carry out all needed reporting and liaison among the Village Council, the Village Office, the Regional Income Tax Authority and village income tax payers and/or reporters; (2) all other duties as may be determined from time to time, by the Village Council to be necessary and consistent with the nature of the office of Village Fiscal Officer.
   (D)   Investment of surplus funds.
      (1)   The Village Fiscal Officer is hereby authorized to invest, from time to time, any and all moneys from the various reserve funds of the village, which are not required to be used by the village for six months or more, in obligations of the village, in bonds, notes or other obligations of the federal government, or obligations guaranteed by the federal government, in bonds of the state, or any political subdivision thereof, or in certificates of deposit with a commercial lending institution insured by the federal government.
      (2)   For purposes of this section, and to command a higher rate of interest, the Village Fiscal Officer is hereby authorized to consolidate and invest the reserve moneys and the separate funds as one unit, but in the event of consolidation of such funds for investment purposes, the Village Fiscal Officer shall maintain a separate account to be known as the Treasury Investment Account in which he or she shall enter all transactions relating to the investment of treasury funds and such account shall be maintained in such a fashion as to separate and determine the balance belonging to each individual reserve fund.
      (3)   The pro rata share of the interest income shall be paid into the parent account, periodically, as the same is received.
(`94 Code, § 137.02)  (Ord. 13-74, passed 5-7-74)
   (E)   Bond retirement fund.  Any moneys, securities and assets received by the village for the payment of the interest and principal of its bonds or other funded debts and all inheritance taxes and all other taxes and revenues which are paid to the Village Fiscal Officer shall be placed by him or her into a separate fund known as the "Bond Retirement Fund, " subject to the provisions of law relating to transfer to other funds.
(`94 Code, § 137.03)
   (F)   Bond payment fund.  All moneys belonging to the "Bond Payment Fund" and coming into the hands of the Village Fiscal Officer shall be deposited by him or her into the public depository as selected by Council and shall be protected by the bond furnished by such depository.
(`94 Code, § 137.04)  (Am. Ord. 2-2003, passed 1-14-03)