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TO REAUTHORIZE AND CONFIRM THE PLANNED TRANSFERS AS APPROPRIATED IN ORD-0001-2010
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WHEREAS, we have been informed by our auditors that we are required to get separate authorization from Council to transfer money between funds even though the transfers are authorized in the original appropriation ordinance; and
WHEREAS, these transfers are necessary to pay our debt, to pay our police pension obligation, to continue funding the reserve sick/vacation for future retirees, and to transfer the funds necessary to fund the resident credit portion from the income tax for the stormwater fund; and
WHEREAS, some of these transfers have been previously made and others have been partially made and this legislation will allow the balance of the transfer to take place as needed;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That the Director of Finance is hereby reauthorized to perform the planned transfers as appropriated in ORD-0001-2010 and as listed below.
Section 2. That ONE MILLION SEVEN HUNDRED TEN THOUSAND FOUR HUNDRED NINETY SEVEN DOLLARS ($1,710,497) is hereby reauthorized for transfer from the General Fund from the following accounts to the appropriate revenue account:
Account No. 101.991.5932, Transfer to Streets $ 19,374
Account No. 101.991.5933, Transfer to General Bond Retirement $ 897,747
Account No. 101.991.5934, Transfer to Stormwater $ 60,000
Account No. 101.991.5938, Transfer to Reserve for Sick/Vacation $ 75,000
Account No. 101.211.5931, Transfer to Police Pension $ 658,376
Section 3. That FOUR HUNDRED EIGHTY ONE THOUSAND SEVEN HUNDRED SEVENTY NINE DOLLARS ($481,779) is hereby reauthorized for transfer from Account No. 220.330.5933, Transfer to General Bond Retirement in the Street Fund to the appropriate revenue account.
Section 4. That TWO HUNDRED FIFTY NINE THOUSAND NINE HUNDRED FORTY SEVEN DOLLARS ($259,947) is hereby reauthorized for transfer from the Stormwater Fund from the following accounts to the appropriate revenue account:
Account No. 631.350.5933, Transfer to General Bond Retirement $179,601
Account No. 631.350.5930.1, Transfer to Garage Charges $ 12,000
Account No. 631.350.5930.2, Transfer to Administrative Charges $ 63,346
Account No. 631.350.5938, Transfer to Reserve Sick/Vacation $ 5,000
Section 5. That THREE HUNDRED EIGHTY TWO THOUSAND SEVEN HUNDRED NINETY TWO DOLLARS ($382,792) is hereby reauthorized for transfer from the following accounts in the Water Fund to the appropriate revenue account:
Account No. 651.350.5930.1, Transfer to Garage Charges $ 28,000
Account No. 651.350.5930.2, Transfer to Administrative Charges $ 348,792
Account No. 651.350.5938, Transfer to Reserve for Sick/Vacation $ 6,000
Section 6. That TWENTY SEVEN THOUSAND ONE HUNDRED SEVENTY ONE DOLLARS ($27,171) is hereby reauthorized for transfer from Account No. 652.351.5933, Transfer to General Bond Retirement, in the WSCI Fund to the appropriate revenue account.
Section 7. That THREE HUNDRED TWENTY NINE THOUSAND FOUR HUNDRED THIRTY SEVEN DOLLARS ($329,437) is hereby reauthorized for transfer from the Sewer Fund from the following accounts to the appropriate revenue account:
Account No. 661.360.5930.1, Transfer to Garage Charges $ 28,000
Account No. 661.360.5930.2, Transfer to Administrative Charges $ 323,409
Account No. 661.360.5938, Transfer to Reserve for Sick/Vacation $ 6,000
Section 8. That THIRTY NINE THOUSAND EIGHT HUNDRED FORTY FIVE DOLLARS ($39,845) is hereby reauthorized for transfer from Account. No. 662.361.5933, Transfer to General Bond Retirement, in the SSCI Fund to the appropriate revenue account.
Section 9. That Council has reauthorized the transfers as appropriated in ORD-0001-2010, passed January 2, 2010, and hereby confirms this action.
Section 10. That this ordinance shall be in full force and effect after passage by this Council and on date of signature approval by the Mayor.