Ohio Code § 5705.132

§ 5705.132.

In addition to any reserve balance account established under section 5705.13 of the Revised Code , a board of township trustees, by resolution, may establish a reserve balance account

to accumulate currently available resources for any purpose for which the board may

lawfully expend money of the township other than for the purposes for which a reserve

balance account may be established under section 5705.13 of the Revised Code .  Money may be transferred to the reserve balance account from another fund or account

of the township only if money in that fund or account may lawfully be expended for

the purpose for which the reserve balance account is created.  A reserve balance account created under this section may exist for not more than

five fiscal years beginning with the first fiscal year in which money is credited

to the account.  The total amount of money to the credit of all reserve balance accounts established

under this section at any time in any fiscal year shall not exceed five per cent of

the total of the township's revenue from all sources for the preceding fiscal year

and any unencumbered balances carried over to the current fiscal year from the preceding

fiscal year.  Money in a reserve balance account shall be expended only for the purpose for which

the account is established.  More than one reserve balance account may be established under this section. The resolution establishing a reserve balance account shall state the specific purpose

for which the account is established, the fund within which the account is established,

the fund or account from which money shall be transferred to the account, and the

number of years the account will exist.  The resolution shall specify the maximum total amount of money that may be credited

to the account during its existence and the maximum amount of money to be credited

to the account each fiscal year the account exists.  The board, by subsequent resolution, may change the amount to be credited and the

source from which money is transferred, subject to the limitations of this section. The board, by resolution, may rescind a reserve balance account established under

this section before the expiration of the account.  The board, by resolution, may extend the life of a reserve balance account, provided

that the total number of years the fund exists shall not exceed five fiscal years

beginning with the first fiscal year in which money is credited to the account. Upon the expiration or rescission of a reserve balance account established under this

section, any unexpended balance in the account shall be transferred to the fund or

account from which money in the account was originally transferred.  If money in the account originally was transferred from more than one fund or account,

a pro rata share of the unexpended balance shall be transferred to each such fund

or account proportionate to the amount originally transferred from that fund or account.