Title
AN ORDINANCE AUTHORIZING THE ESTABLISHMENT OF THE COLUMBUS WATER MAINTENANCE FUND
Body
WHEREAS, the City desires to establish a Columbus Water Maintenance Fund under the provisions of Section 5705.09 of the Ohio Revised Code; and
WHEREAS, the City desires to account for all revenues and expenditures associated with surcharge payments received from the City of Columbus as well as other revenues received thus enhancing accountability and transparency of operations; and
WHEREAS, revenues recorded within the Columbus Water Maintenance Fund shall consist of surcharge payments received from the City of Columbus, other revenues, and transfers from allowable funds (as considered necessary).
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GROVEPORT, FRANKLIN COUNTY, OHIO, A MAJORITY OF ITS MEMBERS CONCURRING:
Section 1. That there is hereby established a new enterprise fund, the Columbus Water Maintenance Fund.
Section 2. That City Council hereby mandates and commits that all revenues recorded in this fund received from the City of Columbus, other revenues and transfers from allowable funds (as considered necessary) shall be used specifically for maintenance and improvement of City of Columbus utility lines within the City of Groveport corporate limits.
Section 3. Upon approval, the Finance Director is hereby authorized and directed to establish such fund within the accounting system of the City, to include within such receipt and expenditure categories as may be needed from time to time, and to do all other things necessary to make such funds fully operational and appropriate to their purposes.
Section 4. That for the reasons stated in the preamble hereto which are made a part hereof, this Ordinance shall take effect and be in full force from and after the earliest period allowed by law.
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Lance Westcamp, Mayor
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Ruthanne Sargus Ross, Clerk of Council
Approved as to form:
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