An Emergency Ordinance Authorizing The Annual Transfer Of Funds
- Published: April 18, 2013
Interested persons will take note that the Village Council of Yellow Springs on Monday, April 15, 2013, gave first reading to an ordinance and passed as an emergency, text to follow.
WHEREAS, Ordinances 2012-28 and 2013-10 were adopted to make appropriations for expenses of the Village of Yellow Springs, State of Ohio, during the fiscal year ending December 31, 2013; and
WHEREAS,the Village of Yellow Springs Charter, Section 41, requires the transfer of funds be approved through an ordinance established by Council; and
WHEREAS, this ordinance is hereby declared to be an emergency measure necessary to preserve the public interest and provide for a special emergency in the operation of Village services, such emergency being the urgent necessity to provide for legitimate expenditures.
NOW, THEREFORE, THE COUNCIL OF THE VILLAGE OF YELLOW SPRINGS, OHIO HEREBY ORDAINS THAT:
Section 1. In accordance with Ordinance 2012-28 and Charter Section 41 the following transfers of funds for scal year 2013 are authorized:
General Fund Transfers to:
Capital Equipment Fund — $25,000
Electric Fund Transfer to:
Bond Retirement Fund — $423,013
TOTAL ALL TRANSFERS — $453,013
Section 2. The Finance Director is authorized to transfer the funds as they are certied and available.
Section 3. This ordinance is hereby declared to be an emergency measure necessary to preserve the public interest and shall take effect at the earliest date permitted by law.
Judith Hemping, President