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HomeMy WebLinkAboutResolution 44-26RECORD OF RESOLUTIONS BARRETT BROTHERS - DAYTON, OHIO Form 6301 Resolution No44-26 Passed . REQUESTING THE DELAWARE, FRANKLIN AND UNION COUNTY AUDITORS TO DRAW MONEY THAT MAY BE IN THE COUNTY TREASURIES AND TO ISSUE A DRAFT TO THE CHIEF FINANCIAL OFFICER/DIRECTOR OF FINANCE OF THE CITY OF DUBLIN FOR ANY MONEY THAT MAY BE IN THE ACCOUNTS FOR THE CITY OF DUBLIN WHEREAS, Section 321.34 of the Ohio Revised Code (ORC) allows local authorities, by resolution, to request an advance of taxes or other sources collected by the County Treasurers to the accounts of such local authorities. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Dublin, (, _ of its elected members concurring, that: Section 1. Pursuant to Section 321.34 of the Ohio Revised Code, the Council of the City of Dublin hereby requests that the Delaware, Franklin, and Union County Auditors draw and the Delaware, Franklin, and Union County Treasurers issue a draft to the Chief Financial Officer/Director of Finance of the City of Dublin for any money that may be in the Delaware, Franklin, and Union County Treasuries to the account of the City of Dublin, and lawfully applicable to fiscal year 2027. Section 2. The Chief Financial Officer/Director of Finance be and hereby is directed to file this resolution with the Delaware, Franklin, and Union County Auditors, together with any applications for documentation necessary or incidental thereto. Section 3. This Resolution shall take effect and be in force upon passage in accordance with Section 4.04(a) of the Revised Charter. Passed this 28 i day of ‘ es plea bo L , 2026. Mayor - Presiding Officer ATTEST: To: Members of Dublin City Council From: Megan O’Callaghan, City Manager Date: September 22, 2026 Initiated By: Matt Rubino, Chief Financial Officer/Director of Finance Meghan Murray, Deputy Chief Financial Officer Douglas Urbancsik, Budget Manager Re: Resolution No. 44-26 – Requesting the Delaware, Franklin and Union County Auditors to Draw Money that May be in the County Treasuries and to Issue a Draft to the Chief Financial Officer/Director of Finance of the City of Dublin for any Money that May be in the Accounts for the City of Dublin Summary Resolution 44-26 allows the City the opportunity to submit requests to the counties for advances of property tax collections during calendar year 2027 (Tax Year 2026). This allows the City to receive funds prior to the established distribution dates, which is of benefit to the City’s Treasury. The proposed legislation is a request for the County Auditors to make periodic advance payments to the City of property tax receipts as the taxes are collected by the County. The advances of property tax collections improve the City’s cash flow by providing quicker access to revenue. Without this request, the County would remit the revenue only twice per year. Participation in this program will provide the City with approximately three property tax advances spread throughout the 2027 collection year in addition to the two half-year settlements. An annual approval from City Council is required to submit to the respective County Auditors to receive property tax advances. Recommendation Staff recommends the adoption of Resolution 44-26 at the September 28, 2026 City Council meeting. Office of the City Manager 5555 Perimeter Drive • Dublin, OH 43017 Phone: 614.410.4400 Memo