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Meeting Date:
07/10/2023
Supplemental Appropriations
Submitted By:
Jim Bell
Department:
Division:
Accounting
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
07/05/2023
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
2023-O-2591
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. 2022-O-2562 By Making Supplemental Appropriations For Expenses Of The City Of Huber Heights, Ohio For The Period Beginning January 1, 2023 And Ending December 31, 2023.
(first reading)
Purpose and Background
The supplemental appropriations are for the following purposes:
- $3,000,000 advance from the General Fund to the Transformative Economic Development Fund for improvements at the CR Dayton property on Brandt Pike (to be reimbursed later in 2023 with a note issue).
- $895,000 transfer from the Montgomery County TIF Fund to the Capital Improvements Fund for Old Troy Pike widening to include an additional northbound lane.
Fiscal Impact
Source of Funds:
General Fund
Cost:
$3,895,000
Recurring Cost? (Yes/No):
No
Funds Available in Current Budget? (Yes/No):
Yes
Financial Implications:
An advance of monies from the General Fund to the Transformative Economic Development Fund will be repaid from the proceeds of a note issue before the end of 2023.
Attachments
Ordinance
2023-O-2591
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