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TO REAUTHORIZE AND CONFIRM THE PLANNED TRANSFERS AS APPROPRIATED IN ORD-0001-2008
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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-0001-2008 and as listed below.
Section 2. That TWO MILLION ONE HUNDRED FIFTY SEVEN THOUSAND FIVE HUNDRED FORTY FIVE DOLLARS ($2,157,545) is hereby reauthorized for transfer from the General Fund to the following accounts:
Account No. 101.991.5932, Transfer to Streets $ 120,500
Account No. 101.991.5933, Transfer to General Bond Retirement $1,140,417
Account No. 101.991.5934, Transfer to Stormwater $ 60,000
Account No. 101.991.5936, Transfer to Capital Improvement $ 80,000
Account No. 101.991.5938, Transfer to Reserve for Sick/Vacation $ 95,000
Account No. 101.211.5931, Transfer to Police Pension $ 661,628
Section 3. That FOUR HUNDRED THIRTY SIX THOUSAND NINE HUNDRED FIFTY ONE DOLLARS ($436,951) is hereby reauthorized for transfer from the Street Fund to Account No. 220.330.5922, Transfer to General Bond Retirement.
Section 4. THAT ONE HUNDRED EIGHTY SEVEN THOUSAND SEVEN HUNDRED EIGHTY SEVEN DOLLARS ($187,787) is hereby reauthorized for transfer from the Permanent Improvement Fund to Account No. 228.122.5933, Transfer to General Bond Retirement.
Section 5. THAT ONE HUNDRED NINETY THOUSAND DOLLARS (190,000) is hereby reauthorized for transfer from the Special Assessment Fund to Account No. 435.810.5933, Transfer to General Bond Retirement.
Section 6. That TWO HUNDRED THIRTY SEVEN THOUSAND TWO HUNDRED SIXTY FOUR DOLLARS ($237,264) is hereby reauthorized for transfer from the Storm Water Fund to the following accounts:
Account No. 631.330.5933, Transfer to General Bond Retirement $180,264
Account No. 631.330.5930, Transfer to General Fund $ 57,000
Section 7. That THREE HUNDRED TWENTY NINE THOUSAND DOLLARS ($329,000) is hereby reauthorized for transfer from the Water Fund to the following accounts:
Account No. 631.330.5930, Transfer to General Fund $ 319,000
Account No. 651.350.5938, Transfer to Reserve for Sick/Vacation $ 10,000
Section 8. That TWO HUNDRED THIRTY THREE THOUSAND EIGHT HUNDRED NINETY SEVEN DOLLARS ($233,897) is hereby reauthorized for transfer from the WSCI Fund to Account No. 652.351.5933, Transfer to General Bond Retirement.
Section 9. That SIX HUNDRED EIGHTY FIVE THOUSAND SEVEN HUNDRED TWENTY ONE DOLLARS ($685,721) is hereby reauthorized for transfer from the Sewer Fund to the following accounts:
Account No. 661.360.5933, Transfer to General Bond Retirement $ 40,721
Account No. 661.360.5930, Transfer to General Fund $ 635,000
Account No. 661.360.5938, Transfer to Reserve for Sick/Vacation $ 10,000
Section 10. That Council has reauthorized the transfers as appropriated in ORD-0001-2008, passed January 2, 2008, and hereby confirms this action.
Section 11. That this ordinance shall be in full force and effect after passage by this Council and on date of signature approval by the Mayor.