16-99 129.44 Establish H2O Revenue Fund

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Placed on Placed Referred to Finance Cmte 3/3/99 1st Reading & Referred to Finance on 2nd Reading 4/5/99. ORDINANCE NO. 16 - 99 BY: Corrigan, FitzGerald, George, Roth, Seelie, Skindell, Smith AN EMERGENCY ORDINANCE enacting new Section 129.44 of the Administrative Code of the Codified Ordinances of the City of Lakewood to establish a H20 - Help To Others Special Revenue Fund. WHEREAS, the City solicits grants and donations to operate the H20 Summer Service Camp, and, WHEREAS, there is a compelling governmental interest to establish a new Special Revenue Fund to segregate financial information, and, WHEREAS, this ordinance constitutes an emergency measure providing for the usual daily operation of a municipal department in that creation of a separate fund will allow the City to maintain accurate information; now, therefore, BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That the Administrative Code of the Codified Ordinances of the City of Lakewood is hereby supplemented by enacting new Section 129.44 thereof to read as follows: 129.44 H20 - Help To Others Special Revenue Fund a) All revenues derived from this program shall be kept and maintained in a separate .fund hereby designated as the H20 - Help To Others Fund. All expenses meeting the criteria of the program shall be paid from this fund. Section 2. That the D/rector of Finance is hereby authorized and directed to take the necessary steps to establish said account; to receive and administer grant funds and donations for the purpose of operating the H20 - Help To Others Summer Service Camp and to make expenditures from said account for the purposes described above. 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. Section 4. That this ordinance is hereby declared to be an emergency measure for the reasons stated in the preamble hereof and provided it receives the affirmative vote of two~ thirds of all members elected to Council, it shall take effect and be in force immediately upon its adoption and approval by the Mayor; otherwise, it shall take effect and be in force after the earliest period allowed by law. Adopted: d~ f~r~4,~ / ~ /q ~/~ ~ ' ~-~ ! President of Council Approved: ~~' ~)Z)I /~? Y Clerk of C~ncil '