Ohio § 5705.29

§ 5705.29.

This section does not apply to a subdivision or taxing unit for which the county budget

commission has waived the requirement to adopt a tax budget pursuant to section 5705.281 of the Revised Code .  The tax budget shall present the following information: (A)(1) A statement of the necessary current operating expenses for the ensuing fiscal year

for each department and division of the subdivision, classified as to personal services

and other expenses, and the fund from which such expenditures are to be made.  Except in the case of a school district, this estimate may include a contingent

expense not designated for any particular purpose, and not to exceed three per cent

of the total amount of appropriations for current expenses.  In the case of a school district, this estimate may include a contingent expense

not designated for any particular purpose and not to exceed thirteen per cent of the

total amount of appropriations for current expenses. (2) A statement of the expenditures for the ensuing fiscal year necessary for permanent

improvements, exclusive of any expense to be paid from bond issues, classified as

to the improvements contemplated by the subdivision and the fund from which such expenditures

are to be made; (3) The amounts required for the payment of final judgments; (4) A statement of expenditures for the ensuing fiscal year necessary for any purpose

for which a special levy is authorized, and the fund from which such expenditures

are to be made; (5) Comparative statements, so far as possible, in parallel columns of corresponding

items of expenditures for the current fiscal year, including a statement of estimated

expenses to the end of that fiscal year, and the two preceding fiscal years. (B)(1) An estimate of receipts from other sources than the general property tax during the

ensuing fiscal year, which shall include an estimate of unencumbered balances at the

end of the current fiscal year, and the funds to which such estimated receipts are

credited; (2) The amount each fund requires from the general property tax, which shall be the difference

between the contemplated expenditure from the fund and the estimated receipts, as

provided in this section.  The section of the Revised Code under which the tax is authorized shall be set forth. (3) Comparative statements, so far as possible, in parallel columns of taxes and other

revenues for the current fiscal year and the two preceding fiscal years; (4) Comparative statements, so far as possible, in parallel columns of all funds in control

of the subdivision for the current fiscal year and the two preceding fiscal years

not already included in the tax budget pursuant to divisions (B)(1) to (3) of this

section. (C)(1) The amount required for debt charges; (2) The estimated receipts from sources other than the tax levy for payment of such debt

charges, including the proceeds of refunding bonds to be issued to refund bonds maturing

in the next succeeding fiscal year; (3) The net amount for which a tax levy shall be made, classified as to bonds authorized

and issued prior to January 1, 1922, and those authorized and issued subsequent to

such date, and as to what portion of the levy will be within and what in excess of

the ten-mill limitation. (D) An estimate of amounts from taxes authorized to be levied in excess of the ten-mill

limitation on the tax rate, and the fund to which such amounts will be credited, together

with the sections of the Revised Code under which each such tax is exempted from all

limitations on the tax rate. (E) If the taxing unit estimates that it will collect more revenue in the succeeding

fiscal year than in the current fiscal year from any tax levied within the ten-mill

limitation or due to the operation of division (E) of section 319.301 of the Revised Code , a declaration of the taxing unit's intent to collect the additional revenue or to

forgo all or a portion of the additional revenue. (F)(1) A board of education may include in its budget for the fiscal year in which a levy

proposed under section 5705.194, 5705.199, 5705.21, 5705.213, or 5705.219, a property

tax levy proposed under section 5748.09, or the original levy under section 5705.212 of the Revised Code is first extended on the tax list and duplicate an estimate of expenditures to be

known as a voluntary contingency reserve balance, which shall not be greater than

twenty-five per cent of the total amount of the levy estimated to be available for

appropriation in such year. (2) A board of education may include in its budget for the fiscal year following the

year in which a levy proposed under section 5705.194, 5705.199, 5705.21, 5705.213,

or 5705.219, a property tax levy proposed under section 5748.09, or the original levy

under section 5705.212 of the Revised Code is first extended on the tax list and duplicate an estimate of expenditures to be

known as a voluntary contingency reserve balance, which shall not be greater than

twenty per cent of the amount of the levy estimated to be available for appropriation

in such year. (3) Except as provided in division (F)(4) of this section, the full amount of any reserve

balance the board includes in its budget shall be retained by the county auditor and

county treasurer out of the first semiannual settlement of taxes until the beginning

of the next succeeding fiscal year, and thereupon, with the depository interest apportioned

thereto, it shall be turned over to the board of education, to be used for the purposes

of such fiscal year. (4) A board of education, by a two-thirds vote of all members of the board, may appropriate

any amount withheld as a voluntary contingency reserve balance during the fiscal year

for any lawful purpose, provided that prior to such appropriation the board of education

has authorized the expenditure of all amounts appropriated for contingencies under section 5705.40 of the Revised Code .  Upon request by the board of education, the county auditor shall draw a warrant

on the district's account in the county treasury payable to the district in the amount

requested.