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...
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