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Finance committee outlines public‑depository schedule, endorses minority‑bank outreach and advances appropriations
Summary
The Finance & Personnel Committee reviewed the Ohio Revised Code public‑depository schedule and interim‑monies resolution, discussed outreach to minority‑owned banks (Adelphi Bank), and advanced routine appropriations (a $12,511.84 fire grant line and $20,000 pool repairs); council will act on depository resolutions next week to meet ORC deadlines.
The Finance & Personnel Committee reviewed a set of finance items Monday night, including the five‑year public‑depository process required by the Ohio Revised Code, consideration of minority‑owned depositories, and several appropriations and fund transfers.
Chair Jessica Thomas described the schedule: the city must accept applications from banks and designate public depositories by March 1; the administration will send application letters to interested banks between Feb. 1–7 and asked council to consider suspending rules next week to meet the…
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