File #: 202501923    Version: 1
Type: Ordinance Status: Agenda Ready
File created: 10/24/2025 In control: Budget and Finance Committee
On agenda: 10/29/2025 Final action:
ORD/RES# date: ORD/RES#:
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 10/29/2025, AUTHORIZING the City Manager to accept and appropriate proceeds of $3,238,784.59 from the FY 2026 sale of renewable energy certificates ("RECs") as follows: $647,756.92 to General Fund 050, $1,198,350.30 to Metropolitan Sewer District of Greater Cincinnati Fund 701, and $1,392,677.37 to Water Works Fund 101; AUTHORIZING the Director of Finance to deposit the REC proceeds as follows: $647,756.92 into General Fund revenue account no. 050x8962, $1,198,350.30 into Metropolitan Sewer District of Greater Cincinnati Fund revenue account no. 701x8962, and $1,392,677.37 into Water Works Fund revenue account no. 101x8962; and AUTHORIZING the transfer of $647,756.92 from the unappropriated surplus of General Fund 050 to the unappropriated surplus of Revolving Energy Loan Fund 883 so that the resources may be reinvested into other City energy projects.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 10/29/2025, AUTHORIZING the City Manager to accept and appropriate proceeds of $3,238,784.59 from the FY 2026 sale of renewable energy certificates (“RECs”) as follows: $647,756.92 to General Fund 050, $1,198,350.30 to Metropolitan Sewer District of Greater Cincinnati Fund 701, and $1,392,677.37 to Water Works Fund 101; AUTHORIZING the Director of Finance to deposit the REC proceeds as follows: $647,756.92 into General Fund revenue account no. 050x8962, $1,198,350.30 into Metropolitan Sewer District of Greater Cincinnati Fund revenue account no. 701x8962, and $1,392,677.37 into Water Works Fund revenue account no. 101x8962; and AUTHORIZING the transfer of $647,756.92 from the unappropriated surplus of General Fund 050 to the unappropriated surplus of Revolving Energy Loan Fund 883 so that the resources may be reinvested into other City energy projects.

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BUDGET AND FINANCE COMMITTEE