04-2020 - 2020 1st Quarter Transfers and Advances

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Placed on lst reading & referred to Finance 02/03/20; 2nd reading 2/18/20 ORDINANCE NO. 04-2020 BY: Bullock, Kepple, Litten, Neff, O'Malley, Rader, Shachner AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force at the earliest period allowed by law, authorizing the transfer and advance of certain funds. WHEREAS, as set forth in Section 2.12 of the Third Amended Charter of the City of Lakewood, this Council by a vote of at least two thirds of its members determines that this ordinance is an emergency measure and that it shall take effect immediately, and that it is necessary for the immediate preservation of the public 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. That the Director of Finance be and is hereby authorized to make the following transfers and advances: 2020 1st Quarter Fund Transfers Out Transfers In 101 General Fund $ 248,857 Special Revenue Funds 250 Office on Aging IIIB $ 172,500 Internal Service Funds 600 Hospitalization $ 72,525 601 Workers' Compensation $ 3,832 Debt Service Payments 512 VW TP Improvements $ 500,000 301 Debt Service Fund $ 500,000 Fund Advances Out Advancesln 240 CDBG Fund $ 140,000 241 ESG Fund $ 65,000 281 Family to Family Fund $ 187,000 530 Winterhurst Fund $ 100,000 101 General Fund $ 492,000