14-2023 - Q2 Transfers and advances

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1st read and referred to Finance 5/15/23; 2nd reading F/5/23 Baker, Bullock, Kepple, Litten, ORDINANCE NO. 14-2023 B Marx, Rader, Shachner AN ORDINANCE to take effect immediately p`f-o-vacU R 1"C elves -ter 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: 120231 2nd Qua rte r Fund Transfers Out Transfers In 101 General Fund $ 125, 000.00 Special Revenue Funds 250 Office on Aging 111B $ 100,000.00 530 Winterhurst $ 25,000.00 Debt Service Payments 512 WWTP Improvements $ 450, 000.00 301 Debt Service Fund $ 450, 000.00 512 WWTP Improvements $ 275, 000.00 511 WWTP $ 275, 000.00 Section 2. The Third Amended Charter published in the Codified Ordinances is the official charter of the City of Lakewood. Section 3. It is found and determined that all formal actions of this Council concerning and relating to the passage of this ordinance were adopted in an open meeting of this Council, and that all such deliberations of this Council and of any of its committees that resulted in such formal action were in meetings open to the public in compliance with all legal requirements.