Label
2021 May Budget Adjustments
Finance
M. Campbell (x1252)
Title
Authorizing appropriations and budget adjustments within the 2021 Approved Operating and Capital Improvement Budgets; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This ordinance authorizes various appropriations and budget adjustments to the 2021 approved budget in order to address changes necessitated as a result of the expected receipt of American Rescue Plan Act (ARPA) funds. The attached Schedule A outlines the adjustments, including the impacted funds and departments. Subsequent legislation will be presented to authorize the expenditure of funds authorized in this ordinance.
The fiscal impact of this ordinance is as follows:
- The total amount of funds requested: $ across all funds
- The expenditure budget line item: Multiple line items - please see attached schedule
- New revenue generated (operational revenue, grants, if any): none
- Revenue budget line item (if any): Please see attached schedule
- Are funds budgeted in the current fiscal year (yes/no)?: no - these are new appropriations or changes within the existing budget
- Is this a capital project (yes/no)? there are both operating and capital items proposed in this legislation
- If yes, is it new or existing (new/existing)? existing
- What section of the City's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) yes
o Quality Community Investment (Livable City, Development) (yes/no) yes
o Workplace Culture & Customer Service (yes/no) yes
o Environment (yes/no) yes
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the appropriations and budget adjustments outlined in the attached Schedule A are authorized to amend the 2021 approved operating and Capital Improvement budgets.
SECTION 2. That this ordinance is declared to be an emergency measure and shall take effect and be in force immediately from and after its passage. The reason for the eme...
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