31-14 Authorizing Transfers & Advances

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PLACED ON 1ST READING & REFERRED TO THE FINANCE COMMITTEE 7/21/14. Second Reading 9/2/14. ORDINANCE NO. 31 -14 By: Anderson, Bullock, Madigan, Marx,, Nowlin, O'Leary. AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least five members of Council, or otherwise to take effect and be in force after the earliest period allowed by law, law authorizing the transfer and advance of certain funds. WHEREAS, this Council by a vote of at least five of its members 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 for the immediate preservation of the public peace, property, health and safety, and to provide for the usual daily operation of municipal departments to provide for the usual daily operation of the City in that the City must record all financial transactions within the appropriate fiscal period; now, therefore BE IT ORDAINED BY THE CITY OF LAKEWOOD, OHIO: Section 1. The Director of Finance be and is hereby authorized to make the following transfers and advances: Fund 101 General Fund Special Revenue Funds 2014 3rd Quarter Transfers Out Transfers In $ 204,954 250 Office on Aging 1116 $ 170,000 Internal Service Funds 600 Hospitalization $ 32,020 601 Workers' Compensation $ 2,934 Debt Service Payments 220 Police Pension $ 54,573 221 Fire Pension $ 58,649 101 General Fund (HB 300 Lease) $ 52,500 211 SCMR (HB 300 Lease) $ 6,250 260 Lakewood Hosptl(HB 300 Lease) $ 300 501 Water (HB 300 Lease) $ 3,813 510 WWC (HB 300 Lease) $ 800 511 WWTP (HB 300 Lease) $ 18,750 520 Parking (HB 300 Lease) $ 1,125 530 Winterhurst(HB 300 Lease) $ 20,000 301 Debt Service Fund $ - $ 216,760 512 WWTP Improvements $ 400,000 301 Debt Service Fund $ 400,000