A RESOLUTION SUPPORTING THE METHODOLOGY USED TO DETERMINE ADMINISTRATIVE OVERHEAD COST ALLOCATIONS.
WHEREAS, The City Council of the City of Newton Falls wishes to establish a fair and equitable method for determining administrative overhead cost allocations for the Electric Revenue Fund, the Water Revenue Fund, the Sewer Revenue Fund and General Fund; and
WHEREAS, after careful review and consideration, the Council for the City of Newton Falls has determined this method.
THE COUNCIL OF THE CITY OF NEWTON FALLS, STATE OF OHIO, HEREBY ORDAINS:
SECTION I: The following procedure shall be used to determine the administrative support services designated in “Exhibit A”, attached hereto as if fully rewritten herein.
PASSED IN COUNCIL THIS 7th DAY OF DECEMBER 2015.
Mayor, Lyle Waddell
City Clerk/Clerk of Council