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AI-5796 New Business     A.       
City Council Meeting City Manager  
Meeting Date: 07/09/2018  
2018 Supplemental Appropriations
Submitted By: Jim Bell
Department: Finance Division: Accounting
Council Committee Review?:    Council Work Session
Date(s) of Committee Review:    06/19/2018
Audio-Visual Needs:    None
Emergency Legislation?:    No
Motion/Ordinance/
Resolution No.:   
2018-O-2330

Agenda Item Description or Legislation Title
An Ordinance Authorizing Advances And Transfers Between Various Funds Of The City Of Huber Heights, Ohio And 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:

- Additional appropriations resulting from the December 2017 and May 2018 debt issues: 
     $130,000 for the Special Assessment Bond Retirement Fund
     $65,000 for the Bond Retirement Fund
     $105,100 for the Capital Improvement Fund.      

- Additional transfers and advances for debt service payments resulting from the December 2017 and May 2018 issues:
     $18,700 from the Motor Vehicle Fund
     $43,700 from the Local Street Operating Fund
     $12,500 from the Water Fund
     $31,200 from the Sewer Fund
     $18,700 from the Storm Water Fund
     $105,200 from the Miami County TIF Fund (City)
     $77,0000 from the Miami County TIF Fund (DEC)

- Correction of transfer needed for Music Center Notes debt service payments:
     ($402,800) from the Miami County TIF Fund (City)
     $402,800 from the Montgomery County TIF Fund

- Appropriations for OWDA Water Softening and North Water Pressure Increase Loan fees and capitalized interest
     $4,000 for the Water Fund

- Appropriations to adjust for 2018 revenues:
     $330 for the Drug Enforcement Fund
     $13,537.58 for the Law Enforcement Fund
     $3,074.73 for the Unclaimed Money Fund
     $139,931 for the Cash Surety Fund
     ($6,510.20) for the Federal Equity Sharing Program Fund

-Additional appropriations for Tax Division utilities of $4,000 in the General Fund

- Additional appropriations for the purchase of 2 dump trucks:
     $10,000 for the Local Street Operating Fund

 

Fiscal Impact
Source of Funds: Various Funds
Cost: $311,589.80
Recurring Cost? (Yes/No): No
Funds Available in Current Budget? (Yes/No): Yes
Financial Implications:
Attachments
Ordinance
2018-O-2330

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