SECTION 6.01. DIRECTOR DUTIES.
The Director of Finance shall be the head of the Department of Finance and the chief fiscal officer of the City.
The Director of Finance shall keep full, complete and accurate records of all financial transactions of the City, collect, deposit and safely keep all moneys of the City and disburse the same, and perform other duties of the office as required by Ohio law or City ordinances.
The Director shall not allow the amount set aside for any appropriation to be overdrawn, or to be drawn for any purpose not authorized. The Director shall carefully examine all payrolls, bills and other claims against the City and shall issue no warrant, check or voucher in payment thereof, unless the Director shall find the same to be in proper form, correctly computed, duly approved, and properly payable and that an appropriation has been made therefor. (11-2-1971; 11-4-1975; 11-4-1997; 11-7-2000; 3-2-2004; 11-2-2004.)
SECTION 6.02. CONTRACTS AND PURCHASING.
If and to the extent provided or authorized by Council, a City Purchasing Director or department director or division head may make purchases and enter into contracts on behalf of the City involving expenditures of not more than $10,000.00.
No purchase or contract involving an expenditure of more than $10,000.00, except a contract for professional services, may be made except from or with the lowest or best responsive and responsible bidder as determined by Council after advertising for bids once a week for at least two weeks in a newspaper of general circulation within the City. However, Council may authorize purchases or contracts involving an expenditure of more than that amount without advertising for bids if it determines and declares by the affirmative vote of at least two-thirds of the members of Council that it is in the best interests of the City, or that an emergency exists affecting the public health, safety or welfare, specifying the nature thereof in its minutes. (11-4-1997; 11-7-2000; 11-2-2004.)
SECTION 6.03. LIMITATION ON RATE OF TAXATION.
The power of Council to levy taxes shall be subject to the limitations now or hereafter provided by the Constitution and the laws of Ohio, and nothing contained in this Charter shall be construed as authorizing the levy of any taxes in excess of such limitations without a vote of the people.
SECTION 6.04. INCOME TAX CREDIT.
Effective April 1, 2003, the Income Tax Credit against the City of Aurora municipal income tax on the income of City residents subject to a municipal income tax in another municipality on the same income taxable by the City of Aurora, is set equal to 100% to a maximum rate of 2%.
Any future adjustment in the Income Tax Credit must be approved by the voters of the City at a general election to be held in the City on that question. (5-4-2003.)
SECTION 6.05. COUNCILMANIC BONDS.
Council’s right to issue bonds, or notes in anticipation of such issuance, shall be subject to the limitations now or hereafter provided by the Constitution and the Laws of Ohio and the further requirement that the Finance Director establish, set aside, and maintain a cash reserve in an amount equal to 20% of the outstanding principle balance, at any time, of the bonds or notes issued. (5-4-2010.)