25-2020 - 2020 4th Quarter Transfers & Advances

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Please substitute for the original Bullock, Kepple, Lztten, Nef f , O'Malley, Rader, Shachner ORDINANCE NO.25-2020 BY: 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: 120201 4th Quarter Fund Tra nsfe rs Out Transfers In 101 General Fund $ 277537859 Special Revenue Funds 250 Office on Aging IIIB $ 3727500 Enterprise Funds 530 Winterhurst $ 807000 ......... ......... 600 Internal Service Funds .. ........ .......................... ........................ ............._ _ Hospitalization $ 270727526 601 Workers' Compensation $ 2287833 Debt Service Payments 512 WWTP Improvements $ 5007000 301 Debt Service Fund $ 5007 000 404 Land Acquisition Fund $ 3257000 510 Waste Water Collection Fund $ 3251000 Fund Advances Out Advances In 101 lGeneral Fund $ 7507000 Various Funds TBD in an amount not to exceed $ 7501000