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
Section: Previous 5705.02 5705.03 5705.04 5705.05 5705.06 5705.07 5705.08 5705.09 5705.091 5705.10 5705.11 5705.12 5705.121 5705.13 5705.131 NextLast modified: October 10, 2016