COLLECTION AND DISPOSITION OF WATER FUNDS

Columbus City Codes tit. 11, ch. 1107

in effect

Columbus City Codes § 1107.01 Collection and disposition of moneys.

1107.01 - Collection and disposition of moneys. All moneys payable to the Division of Water shall be collected at the waterworks office. All moneys collected by the Division of Water shall be turned over to the city treasurer by the cashier of the Division of Water within not less than twenty-four (24) hours from the time it is received. (Sec. 44.5; Ord. No. 2398-2012, § 5, 12-3-2012)

Columbus City Codes § 1107.02 Disposition of security deposits.

1107.02 - Disposition of security deposits. (a) The city auditor is authorized and directed to transfer to the water division agency fund all moneys deposited as security for the payment of water rents. (b) All moneys transferred to the water division agency fund in accordance with C.C. 1107.03 shall be thereafter retained until either returned to the depositor or claimed by the lawful owner. If not claimed within a period of five (5) years after termination of the services for which the deposit was made, such money shall revert to the water system revenue fund of the Division of Water. (Ord. 138-87; Ord. 422-06 § 2 (part); Ord. No. 2398-2012, § 5, 12-3-2012; Ord. No. 2044-2019, § 9, 7-29-2019)

Columbus City Codes § 1107.03 Handling of funds.

1107.03 - Handling of funds. The city treasurer is authorized and directed to receive and invest all funds transferred, under the provisions of C.C. 1107.02, in the same manner as other funds are invested, in trust, however, for the Division of Water. The city treasurer shall place to the credit of such fund annually the interest earned thereon, which shall in like manner be held and invested. (Sec. 44.17: Ord. 422-06 § 2 (part); Ord. No. 2398-2012, § 5, 12-3-2012; Ord. No. 2044-2019, § 10, 7-29-2019)

Columbus City Codes § 1107.04 Transfer of funds.

1107.04 - Transfer of funds. The fund, mentioned in C.C. 1107.02 and 1107.03, or any part thereof, shall always be subject to retransfer to the fund from which received, on written order of the Director of Columbus Water & Power for the purpose of final adjustment of the depositor's account. (Ord. 478-92: Ord. 422-06 § 2 (part); Ord. No. 1882-2026, § 1, 6-29-2026.)

Columbus City Codes § 1107.05 Depreciation fund.

1107.05 - Depreciation fund. The City Auditor is authorized and directed to establish, out of the revenues of the Division of Water, a depreciation fund, which shall, as nearly as practicable, equal the annual loss by depreciation sustained by the water plant. (Sec. 44.19: Ord. 422-06 § 2 (part); Ord. No. 2398-2012, § 5, 12-3-2012)

Columbus City Codes § 1107.06 Provision for payment of bonds.

1107.06 - Provision for payment of bonds. A sufficient amount shall be transferred from the depreciation fund at the beginning of each year to provide funds to pay all outstanding bonds at maturity. (Sec. 44.20; Ord. No. 2044-2019, § 11, 7-29-2019)

Columbus City Codes § 1107.07 Funds for repairs, extensions, etc.

1107.07 - Funds for repairs, extensions, etc. The residue of the depreciation fund, after making such transfer to the sinking fund trustees, shall be applied in making repairs, extensions and replacements to the water plant. (Sec. 44.21.)

Columbus City Codes § 1107.09 Credit balances at service contract termination.

1107.09 - Credit balances at service contract termination. (a) Credit balances of five dollars ($5.00) or more: Credit balances of five dollars ($5.00) or more will be rebated to the customer when said customer's service contract has been terminated. "Contract termination" shall be defined to occur after the city has taken a final reading of the inside water meter, after all pertinent charges have been billed and posted to the account, and after all charges have been paid. The city shall attempt to contact the customer to refund credit balances of five dollars ($5.00) or more. (b) Credit balances of four dollars and ninety-nine cents ($4.99) or less: Credit balances of four dollars and ninety-nine cents ($4.99) or less will not be rebated unless specifically requested by the customer after said customer's service contact has been terminated. (c) All credit balances that remain unclaimed for two years or more after a contract has been terminated shall be deposited into the unclaimed money agency fund. (d) This section does not apply to security deposits. (Ord. 2197-01 § 1; Ord. 1132-2008 Attach. (part).)

Source: City of Columbus, City Codes and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/oh/columbus/codes/code_of_ordinances?nodeId=TIT11WASEELCO_CH1107CODIWAFUFetched: 10/27/2026