Ohio Rev. Code § 5705.09

Current with legislation from 2024 received as of May 9, 2024.
Section 5705.09 - Establishment of funds

Each subdivision shall establish the following funds:

(A) General fund;
(B) Sinking fund whenever the subdivision has outstanding bonds other than serial bonds;
(C) Bond retirement fund, for the retirement of serial bonds, notes, or certificates of indebtedness;
(D) A special fund for each special levy;
(E) A special bond fund for each bond issue;
(F) A special fund for each class of revenues derived from a source other than the general property tax, which the law requires to be used for a particular purpose;
(G) A special fund for each public utility operated by a subdivision;
(H) A trust fund for any amount received by a subdivision in trust.

R.C. §5705.09

Effective Date: 10/1/1953 .