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Potential grant revenue will be reviewed carefully for matching requirements. If local matching funds cannot be justified, some grants may not be accepted.
Purchasing Policies •
Purchasing will be accomplished in accordance with all applicable federal, state and local requirements.
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The values of impartiality, economy, competitiveness and fairness will be applied consistently in all purchasing decisions.
Investment Policy •
The City will invest its public funds in a manner that provides maximum safety and preservation of principal, while meeting all liquidity and operating demands, at reasonable market interest rates available.
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Funds will be invested in accordance with Ohio Revised Code and the City’s formal investment policy as adopted by City Council.
Accounting, Auditing and Financial Reporting •
The City will maintain a cash-basis system of accounting for all operations and funds.
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The City will maintain its accounting records in accordance with state and federal standards.
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The Auditor of State or an authorized Independent Public Accountant will perform annual audits of the City’s financial statements and compliance.
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