File #: OR-2020-0034    Version: 1 Name:
Type: Ordinance Status: Enacted
File created: 11/16/2020 In control: City Clerk
On agenda: Final action:
Title: ORDINANCE AMENDMENT TO APPROPRIATING ORDINANCE # 1 AUTHORIZING BUDGET TRANSFER #202-21-1 TRANSFERRING FUNDS FROM EXPENDITURE RESERVE ACCOUNT IN THE AMOUNT OF ONE MILLION NINE HUNDRED THOUSAND DOLLARS ($1.9M) AND ONE MILLION DOLLARS ($1.0M)FROM THE FIRE SUPRESSION ACCOUNT TO THE FIRE SUPRESSION OVERTIME ACCOUNT
Attachments: 1. 202-21-1 BOA cover letter, 2. 202-21-1 BOA Fiscal Impact, 3. 202-21-1 BOA Prior Notification, 4. 202-21-1 BOA SUBMISSION CHECKLIST, 5. 202-21-1 revised transfer form 4-20-16, 6. OR-2020-0034

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ORDINANCE AMENDMENT TO APPROPRIATING ORDINANCE # 1 AUTHORIZING BUDGET TRANSFER #202-21-1 TRANSFERRING FUNDS FROM EXPENDITURE RESERVE ACCOUNT IN THE AMOUNT OF ONE MILLION NINE HUNDRED THOUSAND DOLLARS ($1.9M) AND ONE MILLION DOLLARS ($1.0M)FROM THE FIRE SUPRESSION ACCOUNT TO THE FIRE SUPRESSION OVERTIME ACCOUNT

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WHEREAS, Article VIII, Section 3 of the City Charter and Section 2-386 (1) of the Code of General Ordinances requires the approval of the Board of Alders for the transfer of funds within the General Fund Operating Budget as adopted; and

 

WHEREAS, The Fire overtime account is projecting to exceed budget for FY 2020-21 by an estimated Two Million Nine Hundred Thousand Dollars ($2.9M); and

 

WHEREAS, The Fire salary account is projected to be under budget by an estimated $1.1M to cover a portion of the fire overtime account; and

 

WHEREAS, The Board of Alders approved an expenditure reserve account in the fiscal year 2020-21 adopted budget in the amount of Four Million Dollars ($4.0M); and,

 

WHEREAS, The transfer of funds from the expenditure reserve account are necessary to cover additional overtime expenditures for Fiscal Year 2020-21.

 

NOW, THEREFORE, BE IT ORDAINED by the New Haven Board of Alders that Transfer #202-21-1 be approved to transfer One Million Nine Hundred Thousand Dollars ($1,900,0000) from Expenditure Reserve 1-408-1010 and One Million Dollars ($1.0M) from Fire Salary Account to Fire suppression overtime 1-202-2300-50130 account to cover additional overtime expenditures for fiscal Year 2020-21.