TO PAY REQUIRED OUTSIDE FUNDS
The Board of County Commissioners of Putnam County,
Ohio, met in regular session on the 30th day of October, 2009, at the office of
said Board with the following members present:
Mr. Vincent T. Schroeder, Mr. Travis A. Jerwers and Mr. John E. Love.
Mr. Jerwers moved the adoption of the following
Resolution:
WHEREAS, Several funds
outside county general receive the interest on their account balance.
and
WHEREAS, Putnam County
General Fund, is only obligated to pay the interest on funds outside county
general if required by the guidelines of the outside funding resources.
and
WHEREAS, The Putnam County
Treasurer’s office calculates the interest based on the following formula:
Account balance x number of days per month, divided
by 365 days in a year x the Star Ohio monthly average rate minus 1% with a
minimum of .10%.
now therefore, be it
RESOLVED, The Board of County
Commissioners does hereby approve of the formula as outlined above.
Mr. Love
seconded the motion and the roll being called upon its adoption, the
vote resulted as follows: Mr. Love yes
Mr. Jerwers yes Mr.
Schroeder yes