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SUPPLEMENTAL APPROPRIATION - TIF Related Auditor Deductions
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WHEREAS, the City has six Tax Increment Financing Districts and each defines the amount payable to other entities; and
WHEREAS, the Director of Finance has stated that we don't know until after the second real estate tax distribution comes in how much is actually payable under the TIF; and
WHEREAS, the Director of Finance is requesting a supplemental appropriation in order to complete the payments for this year;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF HE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That funding in the amount of ONE HUNDRED SEVENTY ONE THOUSAND THREE HUNDRED SEVENTY DOLLARS ($171,370) is hereby supplementally appropriated from the unencumbered, unappropriated balance of the Tax Increment Financing Fund to the following accounts:
Acct. 224.131.5295, Auditor, Co. Auditor Fees $ 90
Acct. 224.702.5295, Eastgate Pizutti TIF, Co. Auditor Fees $ 2,550
Acct. 224.702.5490, Eastgate Pizutti, School District Comp. $ 82,855
Acct. 224.704.5295, West Gahanna TIF, Co. Auditor Fees $ 2,090
Acct. 224.704.5851, West Gahanna TIF, TIF Twp. Reimb. $ 30,935
Acct. 224.705. 5295, Creekside TIF, Co. Auditor Fees $ 52,850
Section 2. That ORD-0001-2012, passed January 2, 2012, is hereby amended to reflect this supplemental appropriation.
Section 3. That this ordinance shall be in full force and effect after passage by this Council and on date of signature approval by the Mayor.