507.09 Compensation of fiscal officer.

(A) In calendar year 2016, the township fiscal officer shall be entitled to compensation as follows:

(1) In townships having a budget of two hundred fifty thousand dollars or less, ten thousand three hundred ninety-eight dollars;

(2) In townships having a budget of more than two hundred fifty thousand but not more than five hundred thousand dollars, thirteen thousand three hundred seventy dollars;

(3) In townships having a budget of more than five hundred thousand but not more than seven hundred fifty thousand dollars, fourteen thousand eight hundred fifty-four dollars;

(4) In townships having a budget of more than seven hundred fifty thousand but not more than one million five hundred thousand dollars, seventeen thousand eight hundred twenty-six dollars;

(5) In townships having a budget of more than one million five hundred thousand but not more than three million five hundred thousand dollars, twenty thousand seven hundred ninety-six dollars;

(6) In townships having a budget of more than three million five hundred thousand but not more than six million dollars, twenty-two thousand two hundred eighty-two dollars;

(7) In townships having a budget of more than six million but not more than ten million dollars, twenty-five thousand five hundred seventy-three dollars;

(8) In townships having a budget of more than ten million dollars, twenty-nine thousand five hundred eighty-five dollars

.

(B) In calendar year 2017, the compensation determined under division (A) of this section shall be increased by five per cent.

(C) In calendar year 2018 and thereafter, the township fiscal officer shall be entitled to the compensation determined under division (B) of this section.

(D) Any township fiscal officer may elect to receive less than the compensation the fiscal officer is entitled to under this section. Any township fiscal officer electing to do this shall so notify the board of township trustees in writing, and the board shall include this notice in the minutes of its next board meeting.

(E) The compensation of the township fiscal officer shall be paid in equal monthly payments. If the office of township fiscal officer is held by more than one person during any calendar year, each person holding the office shall receive payments for only those months, and any fractions of those months, during which the person holds the office.

A township fiscal officer may be compensated from the township general fund or from other township funds based on the proportion of time the township fiscal officer spends providing services related to each fund. A township fiscal officer must document the amount of time the township fiscal officer spends providing services related to each fund by certification specifying the percentage of time spent working on matters to be paid from the township general fund or from other township funds in such proportions as the kinds of services performed.

Amended by 131st General Assembly File No. TBD, HB 64, §101.01, eff. 9/29/2015.

Amended by 129th General AssemblyFile No.28, HB 153, §101.01, eff. 9/29/2011.

Effective Date: 09-26-2003; 12-20-2005