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File #: O-390-19    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 11/15/2019 In control: Budget Committee
On agenda: 12/12/2019 Final action: 12/12/2019
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.
Sponsors: David James (D-6), Bill Hollander (D-9), Kevin Kramer (R-11)
Attachments: 1. O-390-19 PROPOSED CAM 120519 from Ackerson.pdf, 2. O-390-19 V.1 112119 End of Year Operating Budget Transfers for FY20.pdf, 3. 120519 Mike Gramig Editorial.pdf, 4. ORD 187 2019.pdf
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, ...

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