TITLE
AN ORDINANCE AUTHORIZING SUPPLEMENTAL APPROPRIATIONS - TIF Fund, Bond Retirement Fund, and Police Pension Fund
BODY
WHEREAS, the City has received the first real property tax settlement for the year from Franklin County; and
WHEREAS, the tax settlement included fees associated with collections on delinquent real estate tax collections; and
WHEREAS, these fees for the county auditor and county treasurer were unanticipated during the 2023 budget process, creating a shortfall to pay the fees for the 2023 real property tax distributions; and
WHEREAS, to ensure coverage for the second half tax distribution, the Department of Finance requests a supplemental appropriation for the TIF Fund 2240 of $53,000, the Bond Retirement Fund 4310 of $400, and Police Pension Fund 5100 of $410.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, COUNTY OF FRANKLIN, STATE OF OHIO:
Section 1. That funding in the amount of fifty-three thousand dollars ($53,000) is hereby supplementally appropriated from the unappropriated unencumbered TIF Fund 2240 as follows:
224.11.010.5210 Eastgate Triangle Professional Services: $8,900
224.11.040.5210 Olde & West Gahanna Professional Services: $7,200
224.11.090.5210 North Triangle Professional Services: $32,200
224.11.020.5210 Eastgate Pizzutti Professional Services: $3,200
224.11.070.5210 Hamilton Road Professional Services: $1,500
Section 2. That funding in the amount of four hundred dollars ($400) is hereby supplementally appropriated from the unappropriated unencumbered Bond Retirement Fund 4310 as follows:
431.06.000.5210 Bond Retirement Professional Services: $400
Section 3: That funding in the amount of four hundred ten dollars ($410) is hereby supplementally appropriated from the unappropriated unencumbered Police Pension Fund 5100 as follows:
510.06.000.5210 Police Pension Professional Services: $410
Section 4. That this Ordinance shall be in full force and effect after passage by Council and on date of...
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