Title
AN ORDINANCE AUTHORIZING THE FINANCE DEPARTMENT TO TRANSFER FINAL CASH FUND BALANCES BETWEEN FUNDS OF THE CITY OF GROVEPORT
Body
WHEREAS, it is necessary that the Finance Department be authorized to transfer final cash fund balances between funds for various operating purposes of the City of Groveport to balance the budget for the calendar year ending December 31, 2023; and
WHEREAS, Ohio Revised Code Sections 5705.14 and 5705.16 requires the affirmative vote of two-thirds of its Council members prior to any such transfer by a City's Finance Department.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GROVEPORT, FRANKLIN COUNTY, OHIO, A MAJORITY OF ITS MEMBERS CONCURRING:
Section 1: That the cash transfers as listed in Exhibit "A" are hereby approved and thereby authorized to be posted and reflected in the City’s accounting ledgers by the Finance Director on or prior to December 31, 2023.
Section 2: That for the reasons stated in the preamble hereto which are made a part hereof, this Ordinance shall take effect and be in full force from and after the earliest period allowed by law.
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Lance Westcamp, Mayor
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Mindy Kay
Clerk of Council
Approved as to form:
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Kevin C. Shannon, Law Director