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AN ORDINANCE AUTHORIZING SUPPLEMENTAL APPROPRIATIONS FOR FISCAL YEAR 2025 - Various Funds for Retirement Expense Purposes and Real Estate Settlement Fees
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WHEREAS, the Department of Finance recently analyzed the account balances for Fiscal Year 2025 appropriations; and
WHEREAS, several accounts within the Leave Pay-out Reserve Fund (7500), TIF Fund (2240), Bond Retirement Fund (4310), and Police Pension Fund (5100) require supplemental appropriations in anticipation of expenditures to year-end, for purposes such as severance pay, Workers Compensation, and Medicare due to retirements, and professional services for second half real estate settlement (Auditor and Treasurer Fees).
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, COUNTY OF FRANKLIN, STATE OF OHIO:
Section 1. That funding is hereby supplementally appropriated from the unappropriated, unencumbered balance of the Leave Pay-out Reserve Fund (7500) as follows:
750.06.000.5120 - Severance Pay: $175,000
750.06.000.5140 - Workers Comp: $3,500
750.06.000.5145 - Medicare: $2,600
Section 2. That funding is hereby supplementally appropriated from the unappropriated, unencumbered balance of the TIF Fund (2240) as follows:
224.11.010.5210 - Eastgate TIF Professional Service: $5,800
224.11.020.5210 - Eastgate Pizutti Professional Service: $6,500
224.11.040.5210 - West Gahanna Professional Service: $2,300
224.11.050.5210 - Creekside Professional Service: $100
224.11.060.5210 - Creekside Professional Service: $19,100
224.11.070.5210 - Hamilton Rd Professional Service: $3,600
Section 3. That funding is hereby supplementally appropriated from the unappropriated, unencumbered balance of the Bond Retirement Fund (4310) as follows:
431.06.000.5210 - Bond Retirement Professional Svc: $2,500
Section 4. That funding is hereby supplementally appropriated from the unappropriated, unencumbered balance of the Police Pension Fund (5100) as follows:
510.06.000.5210 - Police Pension Professional Service: $2,500
Section 5. That this Ordinance shall be in full force and effect after passage by Council and on date of signature of approval by the Mayor.