Title
TRANSFER OF FUNDS - OHEC Capital Projects/Improvements
Drafter
dj/ils
Body
WHEREAS, when Council passed ORD-0059-2011 appropriating funds for the purchase of 110 Mill Street, the Ohio Herb Education Center (OHEC), funding was included for select repairs to the building; and
WHEREAS, after the purchase there were funds totaling $39,289 for repairs which need to be transferred to an appropriate account; and
WHEREAS, as some of the repairs may not be considered "capital" expenses that would extend the life of the building, the Director of Finance is asking that she be able to transfer funds to an operating expenditure account so that we are not misclassifying expenditures;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That funding in the amount of THIRTY NINE THOUSAND TWO HUNDRED EIGHTY NINE DOLLARS ($39,289) is hereby transferred from Account No. 101.431.5531, Land Acquisition to Account No. 101.439.5596, OHEC, Capital Projects/Improvements.
Section 2. That the Director of Finance is hereby authorized to transfer funds from Account No. 101.439.5596, OHEC, Capital Projects/Improvements to Account No. 101.439.5456, OHEC, Operational Expenses, as needed.
Section 3. That ORD-0001-2011, passed January 3, 2011, is hereby amended to reflect this transfer of funds.
Section 4. That this ordinance shall be in full force and effect after passage by this Council and on date of signature approval by the Mayor.