The following special funds are hereby established:
(a) City Garage Revenue Fund. The Director of Finance shall have the authority to make the necessary entries from the various departmental funds to the City Garage Revenue Fund. The funds so transferred shall be kept by the Director of Finance in a separate and distinct fund known as the City Garage Revenue Fund.
(ORC 5705.12)
(1964 Code; Ord. 75-30. Adopted 04/10/75; Ord. 96-100. Adopted 12/12/96; Ord. 2022-44. Adopted 11/22/22)
(b) Community Development Grants Fund.
(1) The Community Development Grants Fund shall be used to account for federal, state, and/or county grant funds received for community development.
(2) The Finance Director shall create specific cost centers, when such cost centers are required to ensure for the proper accounting and reporting of grant proceeds, for the CDBG revolving loan, for other specific CDBG projects, housing rehab grants, brownfield remediation grants, any other federal, state, or county grants received specifically for community development, remediation projects, or for the abatement of slum or blight.
(3) Grant moneys in the Community Development Grants Fund shall be used only in accordance with the terms of the grant.
(4) It is the intent of this division to combine the funds formerly known as the CDBG Revolving Loan Fund and the Housing Rehab Grant Fund.
(ORC 5705.09(F))
(c) Economic Development Loan Programs Fund.
(1) The Economic Development Loan Programs Fund shall be used to receive and account for moneys appropriated by City Council for economic development loans made pursuant to any Loan Programs established by the Council, loan payments, and transfers from the General Fund or other funding for Loan Programs.
(2) The Finance Director may create specific cost centers within the Economic Development Loan Programs Fund for each separate Loan Program established by the City Council.
(3) Moneys in the Economic Development Loan Programs Fund shall only be used in accordance with the Loan Program guidelines established by the City Council.
(ORC 5705.12)
(Ord. 2022-44. Adopted 11/22/22)
(d) Information Technology Fund. The Information Technology Fund is hereby established for the purpose of centralizing I.T. related purchases. The Finance Director may transfer moneys to cover expenditures in the Information Technology Fund and may charge appropriate funds for services provided by the Information Technology Fund.
(ORC 5705.12)
(Ord. 14-41. Adopted 10/09/14; Ord. 2022-44. Adopted 11/22/22)
(e) Insurance Fund. The Insurance Fund shall be used for the purpose of accounting for health and life insurance transactions including the payment of claims, premiums, program expenses, and administration fees. The Insurance Fund may charge other appropriate City funds for health insurance and/or life insurance expenditures related to that other fund's operations. The Insurance Fund will receive premiums paid by the employee via payroll deduction when the employee is a participant in the City's health insurance plans.
(ORC 5705.13)
(Ord. 14-51. Adopted 11/25/14; Ord. 2022-44. Adopted 11/22/22)
(f) OneOhio Fund. The OneOhio Fund shall be used to receipt and account for moneys received pursuant to the OneOhio Opioid Settlement Agreement and moneys in the Fund shall be used only for the "Approved Purposes" set forth in the OneOhio Memorandum of Understanding.
(ORC 5705.09(F); AOS Bulletin 2022-003)
(g) Special Grants Fund. The Special Grants Fund shall be used to receipt and account for federal, state, or local grant moneys that are required to be kept in a separate fund, or that are one-time grants, or that otherwise should not be placed in an enterprise fund or public improvement fund. The Finance Director may create specific cost centers within the Special Grants Fund when such costs centers are required to ensure for the proper accounting and reporting of grant proceeds.
(Ord. 2022-44. Adopted 11/22/22)