80-10 Transfer & Advance certain funds

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Please Substitute for Ordinance No. 80-50. (Placed on 1~ Reading & Referred to the Finance Committee it/15/l0,Second Reading 12/6/2010) ORDINANCE NO. 80-10 BY: Antonio, Bullock, Butler, Madigan, Powers,i:Smith, Summers. AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least five (S) 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 Sectidn 1. That the Director of Finance be and is hereby authorized to make the following transfers: 2010 4th Quarter Fund 101 General Fund Transfers Out Transfersln $ 1,283,804 Special Revenue Funds 250 OfFce on Aging IIIB $ 216,800 Internal Service Funds 600 Hospitalization 601 Workers' Compensation $ 586,000 $ 481,004 Debt Service Payments 220 Police Pension 221 Fire Pension 101 General Fund (HB 300 Lease) 211 SCMR (HB 300 Lease) Lakewood Hosptl (HB 300 260 Lease) 501 Water (HB 300 Lease) 510 WWC (HB 300 Lease) 511 WWTP (HB 300 Lease) 520 Parking (HB 300 Lease) 530 Winterhurst (HB 300 Lease) 301 Debt Service Fund $ 48,325 52,199 52,318 2,871 292 4, 792 965 20,739 847 17,5$1 $ 200,929