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AN ORDINANCE AUTHORIZING A SUPPLEMENTAL APPROPRIATION: Leave Pay-Out Fund
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WHEREAS, the City maintains a separate Leave Pay-Out Reserve Fund (7500) for payment of leave balances for employees who are separating from the City; and
WHEREAS, the Leave Pay-Out Reserve fund ended 2018 with an unreserved balance of $241,000; and
WHEREAS, we experienced an unanticipated increase in the number of employees who exited from the City in 2019 which had a significant impact on the Fund, resulting in a balance of approximately $8,000 in the Leave Pay-Out Reserve Fund; and
WHEREAS, based upon a projection of the remaining severance that would be due upon additional retirements a supplemental from the unencumbered unappropriated balance of the General Fund is needed,
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, COUNTY OF FRANKLIN, STATE OF OHIO:
Section 1. That an amount of two hundred five thousand dollars and zero cents ($205,000.00) from the unappropriated General Fund (1010) be and is hereby appropriated to account number 101.06.000.5900- General Fund transfers.
Section 2. That the Director of Finance be and is hereby authorized to transfer said funds to the Leave Pay-Out Reserve Fund - 7500 appropriations as follows:
To Account # 750.06.000.5120 - $200,010
To Account # 750.06.000.5140 - $2,040
To Account # 750.06.000.5145 - $2,950
Section 3. That this Ordinance shall be in full force and effect after passage by Council and on date of signature approval by the Mayor.