Ohio Code 705.22 – Annual report of municipal corporation
At the end of each year the legislative authority of a municipal corporation shall have an annual report printed, in pamphlet form, giving:
Terms Used In Ohio Code 705.22
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(A) The classified statement of all receipts, expenditures, assets, and liabilities of the municipal corporation;
(B) A detailed comparison of such receipts and expenditures with those of the preceding year;
(C) A summary of the proceedings of the legislative authority and a summary of the operations of the administrative departments for the previous twelve months.
A copy of this report shall be furnished to the municipal library and any citizen of the municipal corporation who applies for the report at the office of the clerk. Similar reports may be printed quarterly. All meetings of the legislative authority or committees thereof shall be public, and any citizen of the municipal corporation shall have access to the minutes and records thereof at all reasonable times.