ORDINANCE NO. _____, SERIES 2018
TITLE
AN ORDINANCE AUTHORIZING YEAR-END OPERATING BUDGET TRANSFERS BETWEEN VARIOUS AGENCIES FOR FISCAL YEAR 2017-2018 AND TO PROVIDE VARIOUS TRANSFERS AS DETAILED HEREIN AND AMENDING ORDINANCE NO. 108, SERIES 2018 RELATING TO THE 2018-2019 OPERATING BUDGET FOR THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (AS AMENDED).
BODY
Sponsored By: COUNCIL MEMBER BILL HOLLANDER AND COUNCIL MEMBER KEVIN KRAMER
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 2017-2018 Operating Budget:
SECTION II: The sum of $10,910.24 is hereby transferred from the Special Revenue Fund to the General Fund related to the following amounts:
A. $10,910.24 to Parks and Recreation
SECTION III: The sum of $26,880.68 is hereby transferred from the General Fund to the Special Revenue Fund related to the following amounts:
A. $1,459.37 to Economic Development
B. $18,731.77 to Public Health and Wellness
C. $6,689.54 to Resilience and Community Services
SECTION IV: The sum of $174,486.89 is hereby authorized from the General Fund to the Capital Cumulative Reserve Fund as it relates to interest and surplus property sales in excess of the appropriated funding level for Fiscal Year 2017-2018:
A. Actual earned interest of $322,011.11 in Fiscal Year 2017-2018 relative to the budgeted interest of $500,000, creating a deficit of $177,988.89.
B. Actual surplus property sales of $3,502 in Fiscal Year 2017-2018 relative to the budgeted sales of $0, creating a surplus of $3,502.
C. The net deficit after this adjustment is $174,486.89.
SECTION V: Part I. Revenues and Funding Sources, of Ordinance 108, Series 2018 is hereby amended as follows:
SECTION VI: Part I. J. Chief of Resilience, of Ordinance 108, Series 2018 is hereby amended as follows:
1. OFFICE OF RESIL...
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