Shall Article VII - Financial, Section F - Contracts and Expenditures, Paragraph 3 be amended as follows?
The foregoing provisions notwithstanding, the Clerk of Council/Finance Director may establish petty cash funds, any of which individual fund shall never contain in excess of an amount established by Council or the Ohio Revised Code for reimbursement of valid expenditures for day-to-day operation of the municipality. No individual purchase shall exceed an am ount established by Council. These accounts shall be replenished from time-to-time. At the time of replenishment all expenditures made from such fund shall be audited in accordance with established accounting practices. Additionally, Council may, on an annual basis adopt a resolution exempting municipal purchases up to a dollar figure to be determined by them from the certification requirements of this section but no more than that allowed by the Ohio Revised Code. The resolution shall state the dollar amount that is exempted from the certification requirement and whether the exemption applies to all purchases, to one or more specific classes of purchases or to the purchase of one or more specific items.
YES
NO
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League of Women Voters
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