- Published: February 6, 2020
— Public Notice —
AUTHORIZING THE ANNUAL TRANSFER OF FUNDS AND DECLARING AN EMERGENCY
ORDINANCE 2020-01, VILLAGE OF YELLOW SPRINGS, OHIO
Interested persons will take note that the Village Council of Yellow Springs on Monday, Feb. 3, 2020, gave reading to an ordinance, passed as an emergency and will take effect immediately, text to follow.
WHEREAS, Ordinance 2019-35 was adopted to make appropriations for expenses of the Village of Yellow Springs, State of Ohio, during the fiscal year ending December 31, 2020; and
WHEREAS, the Village of Yellow Springs Charter, Section 40, 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 2019-35 and Charter Section 40 the following transfers of funds for fiscal year 2020 are authorized:
General Fund Transfers to:
Street Fund $777,000
Parks and Recreation Fund $458,000
Economic Development $0
Police Pension Fund $90,000
Capital Equipment Fund $25,000
Facilities Improvement Fund $25,000
Parks and Recreation Improvement Fund $25,000
TOTAL GENERAL FUND TRANSFERS $1,400,000
Electric Fund Transfers to:
Electric Improvement Fund $650,000
TOTAL ELECTRIC FUND TRANSFERS $650,000
Water Fund Transfers to:
Water Improvement Fund $300,000
TOTAL WATER FUND TRANSFERS $300,000
Sewer Fund Transfers to:
Sewer Improvement Fund $650,000
TOTAL SEWER FUND TRANSFERS $650,000
Section 2. The Finance Director is authorized to transfer the funds as they are certified and available.
Section 3. This ordinance is hereby declared to be an emergency measure necessary to preserve the public interest and shall take effect upon adoption.
Brian Housh, President of Council