ORDINANCE NO. _____, SERIES 2019
TITLE
AN ORDINANCE AUTHORIZING YEAR-END OPERATING BUDGET TRANSFERS BETWEEN VARIOUS AGENCIES FOR FISCAL YEAR 2018-2019 AND TO PROVIDE VARIOUS TRANSFERS AS DETAILED HEREIN AND AMENDING ORDINANCE NO. 081, SERIES 2019 RELATING TO THE 2019-2020 OPERATING BUDGET FOR THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT.
BODY
SPONSORED BY: COUNCIL PRESIDENT JAMES AND COUNCIL MEMBERS HOLLANDER AND 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 2018-2019 Operating Budget:
SECTION II: The sum of $633,768.01 is hereby transferred from the General Fund to the Special Revenue Fund related to the following amounts:
A. $182,604.04 to Resilience and Community Services
B. $28,627.53 to Parks & Recreation
C. $2,389.14 to Public Health and Wellness
D. $311,687.82 to Public Works & Assets
E. $108,459.48 to the Office of Management & Budget
SECTION III: The sum of $529,658.03 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 2018-2019:
A. Actual earned interest of $607,282.87 in Fiscal Year 2018-2019 relative to the budgeted interest of $500,000, creating a surplus of $107,282.87.
B. Actual surplus property sales of $160,559.10 in Fiscal Year 2018-2019 relative to the budgeted sales of $797,500, creating a deficit of $636,940.90.
C. The net deficit after this adjustment is $529,658.03.
SECTION IV: The sum of $2,700,000 is hereby committed to establish a pension mitigation fund to address future pension obligations with the intentions of accessing $900,000 per year for the fiscal year 2021 through the fiscal year 2023 budgets.
SECTION V: Part I. Revenues and Funding Sources, of Ordinance 081, Series 2019 is hereby amended as follows:
SECTION VI: Part I. B. Deputy Mayor/Chief of Staff, of Ordinance 081, Series 2019 is hereby amended as follows:
1. LOUISVILLE METRO POLICE DEPARTMENT
a. General Operations
General Fund 178,723,400 179,023,400
Agency and Other Receipts 11,104,600
Total - Louisville Metro Police Department 189,828,000 190,128,000
Included in Section VI.1.a. above is $300,000 to the Louisville Metro Police Department to begin a recruit class in May 2020 instead of June 2020.
SECTION VII: The Metro Council has determined that the funds requested in this Ordinance will be expended for a public purpose.
SECTION VIII: This Ordinance shall take effect upon its passage and approval.
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_______________________________ H. Stephen Ott Metro Council Clerk |
_____________________________ David James President of the Council |
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_______________________________ Greg Fischer Mayor |
_____________________________ Approval Date |
APPROVED AS TO FORM AND LEGALITY:
Michael J. O’Connell
Jefferson County Attorney
BY: ____________________________
FILE ID# O-390-19 FY19 Year End Adjusting Ordinance