Title
SUPPLEMENTAL APPROPRIATION - Capital Improvement Fund
Drafter
jdm
Body
WHEREAS, the City received money from the Estate Tax that exceeds the planned revenue; and
WHEREAS, it has been the City's practice to transfer any money received from the Estate Tax that exceeds the planned revenue to the Capital Improvement Fund for use on capital projects that will benefit the citizens well into the future;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That funding in the amount of ONE MILLION FOUR HUNDRED NINETY SEVEN THOUSAND NINE HUNDRED TEN DOLLARS ($1,497,910) is hereby supplementally appropriated from the unencumbered, unappropriated balance of the General Fund to Account No. 101.991.5936, Transfer to Capital Improvement Fund.
Section 2. That ORD-0001-2006, passed January 2, 2006, is hereby amended to reflect this supplemental appropriation.
Section 3. That this ordinance shall be in full force and effect immediately upon passage by this Council and on date of signature approval by the Mayor.