Label
DIP Reappropriation-AMENDMENT
Finance
M. Campbell (x1252)/J. Takacs (x1468)
Revised
Title
Amending Ord. 276-26 which authorized 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.
Ord. 276-26 established district account codes within the Capital Improvement Fund and allowed for the reappropriation of current capital funds in order to more effectively monitor budgets and track projects by Council District.
This amendment is changing the Account Codes in Section 2 of Ord. 276-26.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That Section 2 of Ord. 276-26 which reads as follows:
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
8CPDNGPRODST01
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
is hereby repealed.
SECTION 2. That a new Section 2 of Ord. 276-26 is enacted to read:
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
8CPDNGPRODST1
100,000.00
5040
10100
8CPDNGPRODST2
100,000.00
5040
10100
8CPDNGPRODST3
1...
Click here for full text