(A) Council approval by ordinance shall be required of any expenditure from the following funds:
(1) Reserve Account/Fund;
(2) Growth Fund; and
(3) Capital Fund/Special Capital Projects Fund.
(B) Any purchase in excess of $5,000 must conform to rules and regulations established by the Finance Committee.
(C) Exhibit A.
Purchases in excess of $5,000 but less than the current amount allowed by the Ohio Revised Code for purchases permitted without advertising and securing official bids by law shall use the following guidelines:
1. Using good judgment, any administrator of the City of Reading permitted to make purchases, shall orally contact the Chairman of the Finance Committee as soon as is practical in order to provide the information shown on the "form" below. This form is subject to change at the discretion of the Finance Committee.
2. Upon completion of the oral communication, the Administration will provide this fully completed signed form to each Council Person by placing the same in their mail slots at city hall.
3. The Form:
Oral Contact Date & Time
Initiating Party
Amount to be expended $
Is this an estimate? Yes No
Purpose of the expenditure:
Administrator Confirmation of Oral
Signature Communication with
Finance Committee
Chairman by Signature
of Administrator
Date Date
(`82 Code, § 224.04) (Ord. 86-9, passed 3-4-86; Am. Ord. 94-05, passed 1-11-94; Am. Ord. 95-35, passed 6-20-95; Am. Ord. 2008-19, passed 2-19-08)