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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, 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.

 

 

 _______________________________ H. Stephen Ott Metro Council Clerk

 _____________________________ David James President of the Council

  _______________________________ 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