Ohio Revised Code (Last Updated: January 27, 2016)

Section 5705.09. Establishment of funds

Latest version.

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.

Effective Date: 10-01-1953

                    
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