ORDINANCE NO. _____, SERIES 2016
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AN ORDINANCE AUTHORIZING YEAR-END OPERATING BUDGET TRANSFERS BETWEEN VARIOUS AGENCIES FOR FISCAL YEAR 2015-2016 AND TO PROVIDE VARIOUS TRANSFERS AS DETAILED HEREIN. (AMENDED BY SUBSTITUTION)
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Sponsored By: Council Members James, Hamilton, Leet, Kramer, Downard, Woolridge, Johnson, Hollander and Blackwell
BE IT ORDAINED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT ("METRO COUNCIL") AS FOLLOWS:
SECTION I: The sum of $2,594,000 is hereby removed from appropriations listed in Ordinance No. 103, Series 2015 as authorized within the Fiscal Year 2015-2016 Operating Budget:
SECTION II: In accordance with Ordinance No. 103, Series 2015, Part III, 2., the following interdepartmental General Fund budgetary transfer is authorized: $175,600 from Louisville Metro Police Department, $892,200 from Emergency Services, $1,535,700 from Department of Corrections, $793,700 from Parks & Recreation. The following departments are recipients of the following related transfers: $572,100 to Louisville Fire, $1,800,000 to Public Works & Assets, $497,300 to Louisville Free Public Library, $17,000 to Louisville Zoo, and $510,800 to Department of Information Technology.
SECTION III: The sum of $316,482.76 is hereby transferred from the General Fund to the Special Revenue Fund related to the following amounts:
A. $88,045.83 to Public Works & Assets
B. $4,466.98 to Parks & Recreation
C. $87,009.19 to Emergency Services
D. $103,710.53 to Office of Management & Budget
E. $20,798.20 to Public Health & Wellness
F. $12,452.03 to Community Services
SECTION IV: The sum of $107,602.19 is hereby appropriated from the Capital Cumulative Reserve Fund as it relates to the combination of interest and surplus property sales in excess of the appropriated funding level:
A. Actual earned interest of $121,863.74 in Fiscal Year 2015-2016 relative to the budgeted interest of $130,000, creati...
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