The City’s deposit of moneys’ policy is established as follows:
(a) The designated employee or elected official of the City shall deposit all public moneys received by that person with the City’s designated depository by the business day next following the day of receipt, if the total amount of such moneys received exceeds one thousand dollars ($1,000). If the total amount of the public moneys so received does not exceed one thousand dollars ($1,000), the person may deposit the moneys on the business day next following the day of receipt. The City adopts a policy permitting a different time period, not to exceed three business days next following the day of receipt, for making such deposits, and the designated employee or elected official is able to safeguard the moneys until such time as the moneys are deposited.
(b) The City, pursuant to Ohio R.C. 9.38(2), and in order to safeguard the public moneys between the day received and the day deposited, adopts the following policy for public moneys less than one thousand dollars ($1,000):
All undeposited funds shall be kept in a permanent, locked location that cannot be easily transported from one location to another, such as a safe, a locked filing cabinet, or a locked desk drawer. The keys to such locations shall be kept in a separate location, under the care of individuals responsible for depositing the public moneys. Drawers, cabinets and safes shall be kept locked until time that a deposit is prepared and taken to the designated public depository. Under no circumstances shall moneys be left unattended or in open view.
(Ord. 2000-04. Passed 3-6-00.)