24-10 Transfer & Advance of Funds

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PLACED ON 1ST READING & REFERRED TO THE FINANCE COMMITTEE 3/1/10, 2ND READING 3/15/10. ORDINANCE NO. 24-10 ~ ~ e u BY: Antonio, Bullock, Butler, Madigan, Powers, Smith, Summers. AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least five (5) members elected to Council otherwise, it shall take effect and be in force after the earliest period allowed by law to authorize the transfer and advance of certain funds. WHEREAS, this Council by a vote of at least five members elected thereto determines that this ordinance is an emergency measure, and that this ordinance shall take effect at the earliest date possible as set forth in ARTICLE III, SECTIONS 10 and 13 of the SECOND AMENDED CHARTER OF THE CITY OF LAKEWOOD, and that it is necessary to provide for the usual daily operation of the City in that the City must appropriate and record all financial transactions within the appropriate fiscal period. Now therefore, BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OHIO Section 1. That the Director of Finance be and is hereby authorized to make the following transfers: 2010 1st Quarter Fund Transfers Out Transfers In 101 General Fund Special Revenue Funds 250 Office on Aging IIIB Internal Service Funds 600 Hospitalization 601 Workers' Compensation Debt Service Payment s $ 158,871 220 Police Pension $ 51,661 221 Fire Pension $ 55,431 101 General Fund (HB 300 Lease) $ 52;318 211 SCMR (HB 300 Lease) $ 6,211 260 Lakewood Hosptl (HB 300 Lease) $ 295 501 Water (HB 300 Lease) $ 3,484 510 WWC (HB 300 Lease) $ 7gp 511 WWTP (HB 300 Lease) $ 18,706 520 Parking (HB 300 Lease) $ 1,204 530 Winterhurst (HB 300 Lease) $ 18,251 301 Debt Service Fund Advance Out 260 Lakewood Hospital Fund $ 43,000 101 General Fund $ 116,539 $ 36,000 $ 6,332 $ 208,341 2010 1st Quarter Advanceln $ 43,000