Several city of Columbus agencies appear on the state’s unclaimed funds list

COLUMBUS, Ohio (WSYX) — Ohio’s unclaimed fund website is experiencing a surge in traffic after lawmakers recently approved a plan to allocate a portion of the fund’s $4 billion to state projects and expenses.
Charles Ballour was taken aback when he discovered he had money waiting for him from an old 401(k) payout.
“Wow, that’s crazy, and it’s just there for anyone to get,” he said after checking Ohio’s unclaimed funds website. Initially, Ballour feared he might owe money.
“Wow, surprised, I thought like my wife, they were going to say I owe $6,000 … I was going to run, be like my name is Buford,” he said. “So I am glad to be Charles, I am definitely going to check it out.”
Ballour is among many Ohio residents now checking the Department of Commerce’s website after state lawmakers approved spending more than a billion dollars of unclaimed cash that has gone uncollected for over a decade.
This includes $600 million allocated for the new Browns stadium.
An ABC 6 investigation uncovered that the city of Columbus also has money coming.
There are more than 330 open accounts for various agencies, including the treasurer’s office, public safety, police, fire, and parks and recreation. While the site does not specify the payout for each account, more than 176 accounts contain over $100.
“Really, wow, that’s awesome,” Ballour said upon learning that the city is also owed money. The payments owed to the city are sitting in the state unclaimed fund, coming from banks, insurance companies, utilities, and some office equipment businesses.
The mayor’s office is currently working to provide information to ABC 6 on the steps the city takes to reclaim these funds and how much has been collected.
Ballour is owed less than $50 from his old retirement account and is already planning to claim it. “If there’s money for me, I will be glad to take it,” he said.