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Yellow Springs Public Notices

An Ordinance Authorizing The Transfer Of Monies From The General Fund To The OPWC Round 25 Grant Fund And Declaring An Emergency

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An Ordinance Authorizing The Transfer Of Monies From The General Fund To The OPWC Round 25 Grant Fund And Declaring An Emergency

Ordinance No. 2014-31, Village Of Yellow Springs, Ohio

Interested persons will take note that the Village Council of Yellow Springs on Monday, December 15, 2014, gave first reading to an ordinance and passed as an emergency, text to follow.

WHEREAS, Village Fund number 353 – OPWC Round 25 Grant has been running a negative fund balance of $8,126.65 because it was discovered that the Village’s portion of the match was not supported by the General Fund and was erroneously expensed from the grant fund thus creating the negative fund balance; and

WHEREAS, the State Auditor has directed the Village to transfer these monies from the General Fund to the OPWC Round 25 Grant; and

WHEREAS, transfers of monies from one fund to another are authorized under Ohio Revised Code Section 5705.14 upon a simple majority vote of Council when transferring from the General Fund.

NOW, THEREFORE, THE COUNCIL FOR THE VILLAGE OF YELLOW SPRINGS, OHIO, GREENE COUNTY, HEREBY ORDAINS THAT:

Section 1. Council for the Village of Yellow Springs hereby authorizes the transfer of monies from the General Fund to the OPWC Round 25 Grant Fund in the amount of $8,126.65 in accordance with Section 5705.14 of the Ohio Revised Code.

Section 2. This Council finds and determines that all formal actions of this Council and any of its committees concerning and related to the passage of this ordinance were adopted in an open meeting of this Council and that all deliberations of this Council and any of its committees that resulted in those formal actions were in meetings open to the public, in compliance with the law.

Section 3. This ordinance is hereby declared to be an emergency measure immediately necessary to preserve the public interest and for the health, safety and welfare of the citizens of the Village, wherefore, this ordinance shall be in effect immediately upon its adoption by Council.

Karen Wintrow,
President

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