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ORDINANCE AUTHORIZING THE CITY AUDITOR TO ENTER INTO CONTRACT WITH THE STATE OF OHIO, OFFICE OF THE AUDITOR OF STATE FOR THE GAAP (GASB) FINANCIAL STATEMENTS AND DECLARING AN EMERGENCY
Whereas, The City of Marion is required to file comprehensive annual financial statements, GAAP and GASB, and
Whereas, these statements are required to be filed with the State of Ohio, Office of the Auditor on or before May 31, 2012, and
Whereas, the State of Ohio, Office of the Auditor has agreed to prepare and file said statements
NOW THEREFORE BE IT ORDAINED by the Council of the City of Marion, Ohio that
Section 1. That the City Auditor is hereby authorized to enter into contract with the State of Ohio, Office of the Auditor for the preparation and filing of the GAAP and GASB Financial Statements.
Section 2. That the cost of said contract shall be payable from the Annual Examinations fee in the amount not to exceed $34,000.00.
Section 3, That this ordinance is hereby declared to be an emergency measure necessary for the welfare of the City of Marion and the inhabitants thereof, and for such further reason that the financial statements must be filed with the State of Ohio no later than May 31, 2012 and shall take effect and be in force immediately upon its’ passage and approval by the Mayor; provided it receives the affirmative vote of two-thirds of all members elected to Council, otherwise it shall become effective from and after the earliest period allowed by law.
Approved: President of Council
Mayor Scott Schertzer