File #: 202302210    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 10/13/2023 In control: Cincinnati City Council
On agenda: 10/18/2023 Final action: 10/18/2023
ORD/RES# date: 10/18/2023 ORD/RES#: 0345-2023
Title: ORDINANCE (B VERSION) (EMERGENCY), submitted by Sheryl M. M. Long, City Manager, on 10/16/2023, AUTHORIZING the transfer of $473,648 from the unappropriated surplus of General Fund 050 to balance sheet reserve account no. 050x2580, "Reserve for Weather Events, Other Emergency and One-Time Needs," to provide resources for unanticipated emergencies, including those caused by unusual weather events, to increase the City's reserve; ESTABLISHING new balance sheet reserve account no. 050x3425, "Affordable Housing," within the General Fund; AUTHORIZING the transfer of $5,000,000 from the unappropriated surplus of General Fund 050 to newly created balance sheet reserve account no. 050x3425 "Affordable Housing," to provide a one-time contribution to the City's Affordable Housing Trust Fund; AUTHORIZING the transfer and appropriation of $2,000,000 from the unappropriated surplus of General Fund 050 to the City Manager's Office personnel operating budget account no. 050x101x7500 to provide a one-...
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 345-2023, 5. 345-2023 T
title
ORDINANCE (B VERSION) (EMERGENCY), submitted by Sheryl M. M. Long, City Manager, on 10/16/2023, AUTHORIZING the transfer of $473,648 from the unappropriated surplus of General Fund 050 to balance sheet reserve account no. 050x2580, "Reserve for Weather Events, Other Emergency and One-Time Needs," to provide resources for unanticipated emergencies, including those caused by unusual weather events, to increase the City's reserve; ESTABLISHING new balance sheet reserve account no. 050x3425, "Affordable Housing," within the General Fund; AUTHORIZING the transfer of $5,000,000 from the unappropriated surplus of General Fund 050 to newly created balance sheet reserve account no. 050x3425 "Affordable Housing," to provide a one-time contribution to the City's Affordable Housing Trust Fund; AUTHORIZING the transfer and appropriation of $2,000,000 from the unappropriated surplus of General Fund 050 to the City Manager's Office personnel operating budget account no. 050x101x7500 to provide a one-time contribution to address the City's pension obligation to the Cincinnati Retirement System; AUTHORIZING the transfer of $500,000 from the unappropriated surplus of General Fund 050 to balance sheet reserve account no. 050x2535, "Reserve for Operating Budget Contingencies," to provide resources for subsequent appropriation for one-time unforeseen operating needs that arise during the remainder of the ongoing fiscal year; AUTHORIZING the transfer of $150,000 from the General Fund balance sheet reserve account no. 050x2535, "Reserve for Operating Budget Contingencies," to the unappropriated surplus of General Fund 050; AUTHORIZING the transfer and appropriation of $150,000 from the unappropriated surplus of General Fund 050 to the various General Fund operating budget accounts according to the attached Schedule A of the General Fund Operating Budget Schedule of Appropriation to provide one-time funds for the following: the City Manager's Office for a project to digitize record...

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