23-2023 - Q4 transfers and advances

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DocuSign Envelope ID: D733A3F0-EC57-49D6-A4C4-7A15E4E44C25 1st read & referred to Finance 11/20/23 2nd reading 12/4/23 ORDINANCE NO. 2 3 - 2 0 2 3 BY: Baker, Bullock, Litten, Marx, 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: 120231 4th Qua rte r Fund Transfers Out Transfers In 101 General Fund $ 5, 075, 000.00 Special Revenue Funds 250 Office on Aging 111B $ 300,000.00 Capital Project Funds 401 Capital Project Fund $ 2, 550, 000.00 Enterprise Funds 530 Winterhurst $ 2,225,000.00 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 Fund Advances Out Adva nces In 101 General Fund $ 850, 000.00 Various Funds TB D in an amount not to exceed $ 850, 000.00 Section 2. The Third Amended Charter published in the Codified Ordinances is the official charter of the City of Lakewood.