ORDINANCE NO. _______, SERIES 2026
TITLE
AN ORDINANCE AUTHORIZING YEAR-END OPERATING BUDGET TRANSFERS BETWEEN VARIOUS AGENCIES FOR FISCAL YEAR 2025-2026 AND TO PROVIDE VARIOUS TRANSFERS AS DETAILED HEREIN.
BODY
SPONSORED BY: COUNCIL MEMBERS KRAMER AND WINKLER
BE IT ORDAINED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (“METRO COUNCIL”) AS FOLLOWS:
SECTION I: The following year-end General Fund budget transfers are hereby authorized within the Fiscal Year 2025-2026 Operating Budget:
SECTION II: The sum of $60,635.18 is hereby transferred from the Special Revenue Fund to the General Fund related to the following amounts:
A. $9,383.75 to Office of Violence Prevention
B. $48,956.07 to Louisville Metro Police Department
C. $53.67 to Office of Social Services
D. $2,241.69 to Criminal Justice Commission
SECTION III: The sum of $2,661,667.89 is hereby authorized from the General Fund to the Capital Cumulative Reserve Fund as it relates to interest in excess of the appropriated funding level for Fiscal Year 2025-2026:
A. Actual earned interest of $3,161,667.89 in Fiscal Year 2025-2026 relative to the budgeted interest of $500,000, creating a surplus of $2,661,667.89.
SECTION IV: In addition to the $500,000 budgeted in Fiscal Year 2025-2026 to increase the Unassigned General Fund Balance, the remaining balance of $148,867.95 following reconciliation of all applicable accounting transactions shall increase the Unassigned General Fund Balance as of June 30, 2026, resulting in a total increase of $648,867.95.
SECTION V: This Ordinance shall take effect upon its passage and approval or otherwise becoming law.
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_______________________________ Sonya Harward Metro Council Clerk |
_____________________________ Brent Ackerson President of the Council |
|
_______________________________ Craig Greenberg Mayor |
_____________________________ Approval Date |
APPROVED AS TO FORM:
Michael J. O’Connell
Jefferson County Attorney
BY: ____________________________
O-324-26 FY26 Year End Adjusting Ordinance.docx