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File #: O-647-21    Version: Name:
Type: Ordinance Status: Passed
File created: 11/29/2021 In control: Metro Council
On agenda: 12/16/2021 Final action: 12/16/2021
Title: AN ORDINANCE AUTHORIZING YEAR-END OPERATING BUDGET TRANSFERS BETWEEN VARIOUS AGENCIES FOR FISCAL YEAR 2020-2021 AND TO PROVIDE VARIOUS TRANSFERS AS DETAILED HEREIN AND APPROVING A THIRD ROUND OF THE AMERICAN RESCUE PLAN ("ARP") LOCAL FISCAL RECOVERY FUNDING TO VARIOUS LOUISVILLE METRO GOVERNMENT DEPARTMENTS TO ADDRESS THE CONTINUED IMPACT OF COVID-19 ON THE ECONOMY, PUBLIC HEALTH, STATE AND LOCAL GOVERNMENTS, INDIVIDUALS, AND BUSINESSES (AMENDMENT BY SUBSTITUTION).
Sponsors: Bill Hollander (D-9), Amy Holton Stewart (D-25), Cindi Fowler (D-14), Markus Winkler (D-17), Mark H. Fox (D-13)
Attachments: 1. O-647-21 V.2 CABS 120921 Approval of Year-End Operating Budget Transfers for Fiscal Year 20-21.pdf, 2. O-647-21 ATTACH CABS 120921- Schedule A - ARP Round 3.pdf, 3. O-647-21 PROPOSED CABS 120921 Approval of Year-End Operating Budget Transfers for Fiscal Year 20-21.pdf, 4. O-647-21 PROPOSED CABS 120921 Schedule A - ARP Round 3.pdf, 5. O-647-21 V.1 120221 Approval of Year-End Operating Budget Transfers for Fiscal Year 20-21.pdf, 6. Presentation on Council Year End FY20 12-9-21.pdf, 7. ORD 197 2021.pdf
ORDINANCE NO. _____, SERIES 2021
TITLE
AN ORDINANCE AUTHORIZING YEAR-END OPERATING BUDGET TRANSFERS BETWEEN VARIOUS AGENCIES FOR FISCAL YEAR 2020-2021 AND TO PROVIDE VARIOUS TRANSFERS AS DETAILED HEREIN AND APPROVING A THIRD ROUND OF THE AMERICAN RESCUE PLAN ("ARP") LOCAL FISCAL RECOVERY FUNDING TO VARIOUS LOUISVILLE METRO GOVERNMENT DEPARTMENTS TO ADDRESS THE CONTINUED IMPACT OF COVID-19 ON THE ECONOMY, PUBLIC HEALTH, STATE AND LOCAL GOVERNMENTS, INDIVIDUALS, AND BUSINESSES (AMENDMENT BY SUBSTITUTION).
BODY
SPONSORED BY: COUNCIL MEMBERS HOLLANDER, HOLTON STEWART,
FOWLER, WINKLER, AND FOX

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 2020-2021 Operating Budget:



SECTION II: The sum of $18,819.70 is hereby appropriated to the Office of Management for the purpose of reconciling a general fund balance sheet entry in Fiscal Year 2020-2021.
SECTION III: The sum of $150,550.57 is hereby transferred from the General Fund to the Special Revenue Fund related to the following amounts:
A. $.04 to Public Works & Assets
B. $150,550.53 to Office of Resilience & Community Services

SECTION IV: The sum of $186,831.86 is hereby authorized from the Capital Cumulative Reserve Fund as it relates to interest in excess of the appropriated funding level for Fiscal Year 2020-2021:
A. Actual earned interest of $256,831.86 in Fiscal Year 2020-2021 relative to the budgeted interest of $70,000, creating a surplus of $186,831.86.

SECTION V: Part I. Revenues and Funding Sources, of Ordinance 087, Series 2021 is hereby amended as follows:



SECTION VI: Part I. F. Chiefs of Louisville Forward, of Ordinance 087, Series 2021 is hereby amended as follows:
1. ECONOMIC DEVELOPMENT
a. General Operations
General Fund 13,084,900 14,584,...

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