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File #: O-531-20    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 11/12/2020 In control: Budget Committee
On agenda: 12/10/2020 Final action: 12/10/2020
Title: AN ORDINANCE AUTHORIZING YEAR-END OPERATING BUDGET TRANSFERS BETWEEN VARIOUS AGENCIES FOR FISCAL YEAR 2019-2020 AND TO PROVIDE VARIOUS TRANSFERS AS DETAILED HEREIN.
Sponsors: Bill Hollander (D-9), Kevin Kramer (R-11)
Attachments: 1. O-531-20 V.1 11-19-20 Year End Operating Budget Transfers FY19-2020.pdf, 2. FY20 Year-end Reconciliation - 12-1-20.pdf, 3. ORD 156 2020.pdf
ORDINANCE NO. _____, SERIES 2020
TITLE
AN ORDINANCE AUTHORIZING YEAR-END OPERATING BUDGET TRANSFERS BETWEEN VARIOUS AGENCIES FOR FISCAL YEAR 2019-2020 AND TO PROVIDE VARIOUS TRANSFERS AS DETAILED HEREIN.
BODY
SPONSORED BY: 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 2019-2020 Operating Budget:



SECTION II: The sum of $7,611.77 is hereby transferred from the Special Revenue Fund to the General Fund related to the following amounts:
A. $7,611.77 to Office of Management & Budget

SECTION III: The sum of $443,011.76 is hereby transferred from the General Fund to the Special Revenue Fund related to the following amounts:
A. $300,923.97 to Office of Management & Budget
B. $141,394.23 to Public Health and Wellness
C. $693.56 to Office of Resilience & Community Services

SECTION IV: The sum of $77,506.07 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 2019-2020:
A. Actual earned interest of $282,393.95 in Fiscal Year 2019-2020 relative to the budgeted interest of $287,500, creating a deficit of $5,106.05.
B. Actual surplus property sales of $51,560.10 in Fiscal Year 2019-2020 relative to the budgeted sales of $1,500, creating a surplus of $50,060.10.
C. Actual surplus vehicle sales of $215,739.88 in Fiscal Year 2019-2020 relative to the budgeted sales of $338,200, creating a deficit of $122,460.12.
D. The net deficit after this adjustment is $77,506.07.

SECTION V: The sum of $26,000,000 is hereby carried forward into Fiscal Year 2020-2021 for COVID-19 and general governmental needs to be appropriated upon further specific action by the Metro Council.
SECTION VI: T...

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