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AI-6289 Pending Business     B.       
City Manager  
Meeting Date: 04/22/2019  
2019 Supplemental Appropriations
Submitted By: Jim Bell
Department: Finance Division: Accounting
Council Committee Review?: Council Work Session
Date(s) of Committee Review: 04/02/2019  
Audio-Visual Needs: None
Emergency Legislation?: No
Motion/Ordinance/
Resolution No.:
2019-O-2366

Agenda Item Description or Legislation Title
An Ordinance Authorizing Transfers Between Various Funds Of The City Of Huber Heights, Ohio And Amending Ordinance No. 2018-O-2357 By Making Supplemental Appropriations For Expenses Of The City Of Huber Heights, Ohio For The Period Beginning January 1, 2019 And Ending December 31, 2019.
(second reading)
Purpose and Background
The supplemental appropriations are for the following purposes:

- $1,265,943.30 transfer of land sale proceeds that were deposited in the General Fund at the end of 2018 to the recently approved Transformative Economic Development Fund.
- $1,265,943.30 for capital expenditures related to economic development.

Fiscal Impact
Source of Funds: Various Funds
Cost: $1,265,943.30
Recurring Cost? (Yes/No): No
Funds Available in Current Budget? (Yes/No): Yes
Financial Implications:
Although the budget changes show expenses in two separate funds, one amount is a transfer; therefore, the net fiscal impact is $1,265,943.30.
Attachments
Ordinance
2019-O-2366


    

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