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AI-5778 New Business     F.       
City Manager  
Meeting Date: 06/11/2018  
2018 Supplemental Appropriations
Submitted By: Jim Bell
Department: Finance Division: Accounting
Council Committee Review?: Council Work Session
Date(s) of Committee Review: 06/05/2018  
Audio-Visual Needs: None
Emergency Legislation?: No
Motion/Ordinance/
Resolution No.:
2018-O-2328

Agenda Item Description or Legislation Title
An Ordinance Amending Ordinance No. 2017-O-2301 By Making Supplemental Appropriations For Expenses Of The City Of Huber Heights, Ohio For The Period Beginning January 1, 2018 And Ending December 31, 2018.
(first reading)
Purpose and Background
The supplemental appropriations are for the following purposes:

- $60,000.00 for the Council Chambers audio/video equipment upgrades

- $6,211,629.66 for the Special Assessment Bond Retirement Fund
- $1,925,002.47 for the Bond Retirement Fund

These are the debt payments due in 2018 for the December 2017 refunded issues from 2007 and 2008 that are being held in an escrow account.

- $550,243.00 for the additional amount for the North Zone Water Pressure Upgrade Project

Fiscal Impact
Source of Funds: Funds 305 and 308
Cost: $8,136,632.13
Recurring Cost? (Yes/No): No
Funds Available in Current Budget? (Yes/No): Yes
Financial Implications:
Bond proceeds were received in December 2017 to cover the expense included in this supplemental appropriation for the refunded issues from 2007 and 2008.
 
Source of Funds: Water Utility Reserve Fund
Cost: $550,243.00
Recurring Cost? (Yes/No): No
Funds Available in Current Budget? (Yes/No): No
Financial Implications:
Revised legislation - Additional amount for North Zone Water Pressure Upgrade Project.
 
Source of Funds: General Fund
Cost: $60,000.00
Recurring Cost? (Yes/No): No
Funds Available in Current Budget? (Yes/No): No
Financial Implications:
Additional amount for contract award legislation for audio/video equipment upgrades in the Council Chambers.
Attachments
Ordinance
2018-O-2328


    

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