SECTION 4. CUSTODY AND DEPOSIT OF FUNDS. SECTION 4. CUSTODY AND DEPOSIT OF FUNDS. Document type document Ordinances detected S, 116-84, INANCE Original source American Legal Publishing Content hash 6f1967d67eb042d4f732a03a71c55b9d5f4f94b36818c9192b1593d49831842f Skip to main content Search Sitemap Login Select Language Resources Skip to code content (skip section selection) 2025-04 (current) Sheffield Lake Overview Codified Ordinances of Sheffield Lake, OH CODIFIED ORDINANCES OF THE CITY OF SHEFFIELD LAKE, OHIO CERTIFICATION ROSTER OF OFFICIALS ADOPTING ORDINANCE NO. 116-84 COMPARATIVE SECTION TABLE TABLES OF SPECIAL ORDINANCES OF SHEFFIELD LAKE CHARTER ARTICLE I NAME AND BOUNDARIES ARTICLE II MUNICIPAL POWERS ARTICLE III THE MAYOR ARTICLE IV THE COUNCIL ARTICLE V ADMINISTRATIVE OFFICERS AND DEPARTMENTS ARTICLE VI CIVIL SERVICE COMMISSION ARTICLE VII BOARDS AND COMMISSIONS ARTICLE VIII FINANCE SECTION 1. APPROPRIATION ORDINANCE. SECTION 2. TRANSFERS AND BALANCES. SECTION 3. PAYMENT OF CLAIMS. SECTION 4. CUSTODY AND DEPOSIT OF FUNDS. SECTION 5. PUBLIC BIDDING. SECTION 6. PUBLIC IMPROVEMENTS. SECTION 7. LIMITATION ON RATE OF TAXATION. SECTION 8. SUBMISSION OF EXTRA LEVY. SECTION 9. DEBT LIMITATION. ARTICLE IX NOMINATIONS AND ELECTIONS ARTICLE X INITIATIVE, REFERENDUM, RECALL ARTICLE XI FRANCHISES ARTICLE XII AMENDMENTS TO CHARTER ARTICLE XIII GENERAL PROVISIONS PART ONE - ADMINISTRATIVE CODE PART THREE - TRAFFIC CODE PART FIVE - GENERAL OFFENSES CODE PART SEVEN - BUSINESS REGULATION CODE PART NINE - STREETS, UTILITIES AND PUBLIC SERVICES CODE PART ELEVEN - PLANNING AND ZONING CODE PART THIRTEEN - BUILDING CODE PART FIFTEEN - FIRE PREVENTION CODE OH Sheffield Lake Codified Ordinances of Sheffield Lake, OH SECTION 4. CUSTODY AND DEPOSIT OF FUNDS. SECTION 4. CUSTODY AND DEPOSIT OF FUNDS.    SECTION 4. CUSTODY AND DEPOSIT OF FUNDS.    The Council shall, by ordinance, provide for the custody of all funds of the Municipality and for the deposit of funds in a bank or banks, and shall provide for an Investment Committee of five (5), one of whom shall be the Finance Director. The Committee shall meet at least once each quarter, for a minimum of four (4) meetings per year. All funds received on behalf of the Municipality by any officer, employee or agent thereof shall be promptly paid over to the Director of Finance, and he shall cause them to be promptly placed in a depository bank; but the Council may authorize such sums, as it deems proper, to be in cash for the daily operation of any department or office. The Director of Finance, with the concurrence of the majority of the members of Council eligible to vote, shall invest monies of the Municipality in bonds or notes of this Municipality, or any other investment permitted by law, in such manner as is now or hereafter authorized by general law of the State of Ohio for such investment by Municipalities. (Amended 11-3-15.) Disclaimer: This Code of Ordinances and/or any other documents that appear on this site may not reflect the most current legislation adopted by the Municipality. American Legal Publishing provides these documents for informational purposes only. These documents should not be relied upon as the definitive authority for local legislation. Additionally, the formatting and pagination of the posted documents varies from the formatting and pagination of the official copy. The official printed copy of a Code of Ordinances should be consulted prior to any action being taken. For further information regarding the official version of any of this Code of Ordinances or other documents posted on this site, please contact the Municipality directly or contact American Legal Publishing toll-free at 800-445-5588. Hosted by: American Legal Publishing Back to Code Library Previous Doc Next Doc 0 items available Detected legislative history Ordinances of Sheffield Lake, OH ORDINANCES OF THE CITY OF SHEFFIELD LAKE, OHIO ORDINANCE NO. 116-84 ORDINANCES OF SHEFFIELD LAKE ORDINANCE. SECTION 2 ordinance, provide for the custody of all funds of the Municipality and for the deposit of funds in a bank or banks, and shall provide for an Investment Committee of five (5), one of whom s Amended 11-3-15 Ordinances and/or any other documents that appear on this site may not reflect the most current legislation adopted by the Municipality Ordinances should be consulted prior to any action being taken Ordinances or other documents posted on this site, please contact the Municipality directly or contact American Legal Publishing toll-free at 800-445-5588 Imported automatically by MunicipalWiki. The original publisher remains the authoritative source pending legal normalization and verification.