Label
DIP Reappropriation
Finance
M. Campbell (x1252)/J. Takacs (x1468)
Revised
Title
Authorizing the reappropriation of funds within the Capital Improvement Fund District Improvement Program budgets; and declaring an emergency
Body
SUMMARY & BACKGROUND:
The City of Toledo established the District Improvement Program (DIP) in 2018 through the passage of Ordinance 362-18. Based on eight years of administering the program, the City has identified opportunities to improve clarity, accessibility, and effectiveness.
This Ordinance will establish district account codes within the Capital Improvement Fund and allows for the reappropriation of current capital funds in order to more effectively monitor budgets and track projects by Council District.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the disappropriation of $600,000 associated with the projects and account codes listed below is authorized:
|
Fund |
Fund Center |
Functional Area |
Amount |
|
5040 |
10100 |
8CP2505DNGPRO |
300,000.00 |
|
5040 |
10100 |
8CP2603DNGPRO |
300,000.00 |
SECTION 2. That the reappropriation of $600,000 associated with the projects and account codes listed below is authorized:
|
Fund |
Fund Center |
Functional Area |
Amount |
|
5040 |
10100 |
8CPDNGPRODIST01 |
100,000.00 |
|
5040 |
10100 |
8CPDNGPRODIST02 |
100,000.00 |
|
5040 |
10100 |
8CPDNGPRODIST03 |
100,000.00 |
|
5040 |
10100 |
8CPDNGPRODIST04 |
100,000.00 |
|
5040 |
10100 |
8CPDNGPRODIST05 |
100,000.00 |
|
5040 |
10100 |
8CPDNGPRODIST06 |
100,000.00 |
SECTION 3. That upon project completion any remaining budget balance in the Capital Improvements Fund accounts 5040-16400-8CP1817DNGPRO, 5040-16400-8CP2132DNGPRO, 5040-10100-8CP2222DNGPRO, 5040-10100-8CP2318DNGPRO, 5040-10100-8CP2428DNGPRO is authorized to be disappropriated and the reappropriation of same is authorized to the newly established district account codes in the Capital Improvements Fund.
SECTION 4. That this Ordinance is declared to be an emergency measure and shall take effect and be in force from and after its passage. The reason for the emergency lies in the fact that the same is necessary for the immediate preservation of the public peace, health, safety and property, and for the further reason that the Ordinance must be immediately effective in order to increase transparency and accounting of the District Improvement Program.
Vote on emergency clause: yeas _____, nays _____.
Passed: _________________, as an emergency measure: yeas _____, nays _____.
Attest: ________________________ __________________________________
Clerk of Council President of Council
Approved: _____________________ __________________________________
Mayor
I hereby certify that the above is a true and correct copy of an Ordinance passed by Council ________________________.
Attest: ________________________
Clerk of Council