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Minutes of the Regulaz Meeting of Council Monday, December 19, 2011 Page 16 Mr. Wynne replied, yes. The final budget is due with the County in March. Until it is passed we have to pass a temporary one so that we can operate and spend funds until the final one is approved by Council. Council President Buckholtz asked, very good. Any questions? When do we get a copy of it? Mr. Wynne replied, the Finance Committee will be discussing it in February. You should have a preliminary copy by the February Council meeting. ROLL CALL: AYES: All NAYS: None Motion Carried Ordinance Enacted Resolufion No. 2011-14, entitled "An Emergency Resolution declaring the necessity of a transfer of an amount not to exceed. $61,959.15 from the Seneca Road Issue I Project Fund of the Village to the Bond Retirement Fund of the Village in accordance with Ohio Revised Code 5705.14." Introduced by Mayor Rinker and Council as a Whole. Mr. Saponaro, seconded by Mr. Marrie, made a motion to adopt Resolution No. 2011-14. Council President Buckholtz asked if there was any discussion. Mr. Saponazo asked, Ron, can you expla.in these four? Mr. Wynne replied, yes. 2011-14, 15, 16 and 17 are all the same. These are all funds where the projects were completed a few years ago. At the time they were completed they were excess funds that are now just sitting there idle. We aze required to take legislative action to move the money out of those funds and move them into the Bond Retirement Fund to get paid out on the debt related to those projects or any other projects. Council President Buckholtz asked, we can use that money for any debt? Mr. Wynne replied, yes, you can only use it for debt. You can't use it for General Fund purposes. Council President Buckholtz asked if there were any other questions. There were none. ROLL CALL: AYES: All NAYS: None Motion Carried Resolution Adopted