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PLACED ON 1ST READING & REFERRED TO THE FINANCE COMMITTEE 6/7/10, 2ND READING 6/21/10. ORDINANCE NO. 42-10 BY; Antonio, Bullock, Butler, Madigan, Powers, Smith; Summers. AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least five (5) members elected td 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 Section 1. That the Director of Finance be and is hereby authorized. to make the following transfers: 2010 2nd Quarter Fund Transfers Out Transfers In 101 General Fund $ 317,873 Special Revenue Funds 250 Office on Aging IIIB $ 275,541 Internal Service Funds 600 Hospitalization $ 36,000 601 Workers' Compensation $ 6,332 Debt Service Payment s 220 Police Pension $ 51,661 221 Fire Pension $ 55,431 101 General Fund (HB 300 Lease) $ 52,318 211 SCMR (HB 300 Lease) $ 6,211 260 Lakewood Hosptl (HB 300 Lease) $ 295 501 Water (HB 300 Lease) $ 3,484 510 WWC (HB 300 Lease) $ 780 511 WWTP (HB 300 Lease) $ 18,706 520 Parking (HB 300 Lease) $ 1,204 530 Winterhurst (HB 300 Lease) $ 18,251 301 Debt Service Fund $ 208,341 512 WWTP Improvements $ 600,000 301 Debt Service Fund $ 600,000 Section 2. That this ordinance is hereby declared to be an emergency measure necessary to provide for the usual daily operation of the City for the reasons set forth and defined in the preamble to this ordinance, and provided it receives the afFrmative vote of at least five of its members elected to Council, this ordinance shall take effect and be in force immediately upon its adoption by the Council and approval by the Mayor; otherwise, it shall take effect and be in force after the earliest period allowed by law.