147.09   EARNED INTEREST

The Director of Finance may credit the interest earned on moneys received for and on behalf of the City to the General Fund of the City; provided, however, that the Director of Finance shall credit interest earned on moneys derived from trusts or other instruments in accordance with such trusts or other instruments.
(Ord. 88-319. Passed 5-31-88.)

147.10   FUNDS CONSIDERED APPROPRIATED:

The following funds are considered appropriated:

(a) Money borrowed as provided in Ohio R.C. 133.20.

(b) The proceeds of a bond issue duly authorized as provided in Ohio R.C. 5705.41.
(Ord. 88-319. Passed 5-31-88.)

(c) Grants or loans of money to the City from the U.S. government as provided in Ohio R.C. 5705.42.

(d) Money derived from an annual levy of the Board of Directors of the Conservancy District which has determined, ordered and levied same as provided in Ohio R.C. 6101.61.
(Ord. 88-319. Passed 5-31-88.)

147.11   AGENCY FUNDS ESTABLISHED

The Director of Finance is authorized to establish agency funds to account for assets held by the City as an agent for individuals, private organizations, other political subdivisions and other third party funds held by the City. Agency funds, being of a custodial nature, are recognized by Generally Accepted Accounting Principles (GAAP) as being exempt from the City's formal budgetary accounting requirements and, therefore, do not require appropriation by the City Commission.
(Ord. 88-319. Passed 5-31-88.)

147.12   GENERAL GRANTS AND LOANS

The City Manager is the authorized representative of the City in all matters concerning the execution, submission and processing of all applications for loans or grants from any State or federal department, agency or authority.
(Ord. 88-319. Passed 5-31-88.)

147.13   CLAIMS

The Director of Law shall not settle any claim unless an appropriation is available for such claim. The Director of Finance may issue a warrant for payment of a claim settled by the Director of Law. The Director of Law shall submit a voucher to the Director of Finance requesting payment for such claim.

The Director of Law shall not settle any claim against the City based on a contract made or purportedly made with the City or any claim in an amount in excess of five hundred dollars ($500.00) without first obtaining specific authorization to settle such claim from the City Commission.
(Ord. 88-319. Passed 5-31-88.)

147.14   BAD DEBT.

The Director of Finance, with the concurrence of the City Manager and Director of Law, may determine that a financial obligation owed to the City is uncollectable and may delete such obligation from the City's current accounts. In determining that an obligation is uncollectable, the Director of Finance shall adhere to the Generally Accepted Accounting Principles (GAAP) for governmental entities and other applicable legal and accounting requirements.
(Ord. 88-319. Passed 5-31-88.)

147.15   CHARGE FOR BAD CHECKS

There shall be a charge of twenty-five dollars ($25.00) for each check, draft, money order or the like, which is made payable to the City as payment for any tax, fee, charge, license or renewal thereof, permit or renewal thereof, assessment, rent, sale of City property or Municipal Court restitution, which is properly refused for payment to the City. Such twenty-five dollar ($25.00) charge shall be levied and collected against the maker or drawer of such check, draft, money order or the like.

147.16   UTILITY FUNDS

The Director of Finance is hereby directed to apply moneys collected from or on behalf of owners, as that term is defined in Chapters 911 and 917 of the City's Codified Ordinances, first to charges levied pursuant to Chapter 911 and finally to charges levied pursuant to Chapter 917. When such utility charges are not paid when due, the Director of Finance may pursue collection of such utility charges pursuant to the procedure described in Ohio R.C. 743.04(A).
(Ord. 88-91. Passed 2-23-88.)

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