§ 234.05 EARNED INTEREST CLEARANCE FUND.

   (a)   There is hereby established a special revenue fund, to be known as the Earned Interest Clearance Fund, under the provisions of R.C. § 5705.12.

   (b)   All interest earned and received on city treasury investments, with the exception of the City Income Tax Fund, shall be credited to the Earned Interest Clearance Fund. Transfers shall be made in each budget year from the Earned Interest Clearance Fund to the following funds for their proportionate share of interest earnings:

      (1)   Water Reclamation Fund;

      (2)   Water Reclamation Replacement and Improvement Fund;

      (3)   Grantwood Recreation Park Fund;

      (4)   Landfill Improvement Fund;

      (5)   Cable TV Fund;

      (6)   Street Construction Maintenance and Repair Fund; and

      (7)   State Highway Fund.

(Ord. 1976-199, passed 11-15-1976; Ord. 2001-30, passed 2-5-2001; Ord. 2002-275, passed 12-2-2002; Ord. 2007-283, passed 12-3-2007)