135.01 Duty to attend Council meetings.
135.02 Acting Director of Finance.
135.03 Investment Advisory Committee; investment policy.
135.04 Interest allocation.
135.05 Law Enforcement Trust Fund.
135.06 Reports to Council.
135.07 Council authorization of expenditures; certification of funds.
135.08 Uncollectible accounts receivable.
135.09 Uncashed checks.
135.10 Deposit and investment of public moneys.
135.11 Time limit for depositing public funds.
135.12 Qualifications of Director of Finance.
135.13 Fixed asset policy.
135.14 Credit card policies and procedures.
135.15 Returned check fee.
CROSS REFERENCES
Powers and duties - see CHTR. Sec. 6.01(D)
Vacancy - see CHTR. Sec. 6.01(E)
Acting Director - see CHTR. Sec. 6.01(F)
Unclassified service - see CHTR. Sec. 7.04
Board of Control member; contracts - see CHTR. Sec. 8.02
Initiative and referendum petitions - see CHTR. Art. IX
Removal from office - see CHTR. Sec. 11.02
(a) The Director of Finance shall be authorized to designate an acting Director of Finance in accordance with City Charter Section 6.01(c) not only a qualified elector of the City, but also any resident elector of Seneca County who by experience, background or other qualifications is suitable to serve in that capacity.
(b) The requirement of bond as to the office of Director of Finance shall apply to the acting Director of Finance during such time as the acting Director is serving in the absence or incapacity of the Director, and the Director shall provide for such bond prior to the designation of a person to serve as acting Director.
(c) If the acting Director of Finance should become incapacitated while serving, the Mayor shall designate a successor immediately, likewise under bond, until the acting Director or the Director shall be able to resume the duties of the office.
(Ord. 05-45. Passed 10-3-05.)
(a) Investment Advisory Committee. An Investment Advisory Committee is established for the purpose of periodically reviewing the City's investment of funds and advising the Director of Finance regarding such investments. The Committee shall meet at least once per year. The Investment Advisory Committee shall consist of the Mayor, the City Administrator, the Director of Law, the Chair of the Finance Committee of Tiffin City Council, and two electors of the City who shall be appointed by the Mayor for a term of two years and approved by City Council. The electors appointed by the Mayor shall have experience satisfactory to the Mayor to serve on the committee.
(b) Investment Policy. The City shall invest public funds in accordance with the City's Investment Policy as approved by City Council.
(Ord. 23-92. Passed 12-4-23.)
(c) (EDITOR’S NOTE: Former subsection (c) was repealed by Ordinance 23-92, passed December 4, 2023.)
(a) The Director of Finance is hereby required to identify interest income from the investments of any City Funds. Interest derived from the investments of the Oakley Trust Fund shall be deposited only in that account. Interest derived from notes issued toward any ongoing project shall be deposited in that project’s fund. All other interest derived on investments shall be deposited in the General Fund of the City with the exception that Council may by ordinance establish other funds whose investments interest would be allocated to that fund.
(Ord. 99-97. Passed 12-20-99.)
(b) The Director of Finance shall indicate in the report to Council of the status of City funds, the amounts earned and deposited in the individual funds hereinabove enumerated in subsection (a) hereof.
(Ord. 82-14. Passed 3-15-82.)
(a) There is hereby established a Law Enforcement Trust Fund to be administered by the Director of Finance.
(b) The Director of Finance is directed to deposit in the Law Enforcement Trust Fund only those moneys obtained pursuant to Ohio R.C. 2933.43(D).
(c) The Director of Finance is directed to expend moneys from the Law Enforcement Trust Fund only upon appropriation ordinances passed by Council in compliance with Ohio R.C. 2933.43(D).
(Ord. 86-58. Passed 9-15-86.)
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