City of Cincinnati - File #: 202201888

• File #: 202201888
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 10/4/2022
• In control: Cincinnati City Council
• On agenda: 10/19/2022
• Final action: 10/19/2022
• ORD/RES# date: 10/19/2022
• ORD/RES#: 0323-2022
• Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 10/5/2022, AUTHORIZING the transfer of the sum of $1,624,471 from the unappropriated surplus of General Fund 050 to the unappropriated surplus of Working Capital Reserve Fund 754 for the purpose of increasing the City's working capital reserve; AUTHORIZING the transfer of the sum of $17,609,147 from the unappropriated surplus of General Fund 050 to balance sheet reserve account no. 050x2585, "Economic Downturn Reserve," for the purpose of increasing the City's emergency reserve; AUTHORIZING the transfer of the sum of $2,830,482 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," for the purpose of providing resources for unanticipated emergencies including those caused by unusual weather events, in order to increase the City's reserve; ESTABLISHING new capital improvement program project account no. 980x1...
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
10/19/2022	1	Cincinnati City Council	Passed Emergency	Pass
10/19/2022	1	Cincinnati City Council	Emergency clause to remain	Pass
10/19/2022	1	Cincinnati City Council	Suspension of the three readings	Pass
10/17/2022	1	Budget and Finance Committee	Recommend Passage Emergency	Pass
10/10/2022	1	Budget and Finance Committee	Held
10/5/2022	1	Cincinnati City Council	Referred to Budget & Finance Committee

title
ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 10/5/2022, AUTHORIZING the transfer of the sum of $1,624,471 from the unappropriated surplus of General Fund 050 to the unappropriated surplus of Working Capital Reserve Fund 754 for the purpose of increasing the City's working capital reserve; AUTHORIZING the transfer of the sum of $17,609,147 from the unappropriated surplus of General Fund 050 to balance sheet reserve account no. 050x2585, "Economic Downturn Reserve," for the purpose of increasing the City's emergency reserve; AUTHORIZING the transfer of the sum of $2,830,482 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," for the purpose of providing resources for unanticipated emergencies including those caused by unusual weather events, in order to increase the City's reserve; ESTABLISHING new capital improvement program project account no. 980x162x231645, "Affordable Housing Trust Funding - GF CO," for the purpose of providing resources for a one-time contribution to the City's Affordable Housing Trust Fund; AUTHORIZING the transfer of the sum of $5,000,000 from the unappropriated surplus of General Fund 050 to newly created capital improvement program project account no. 980x162x231645, "Affordable Housing Trust Funding - GF CO," for the purpose of providing a one-time contribution to the City's Affordable Housing Trust Fund; AUTHORIZING the transfer and appropriation of the sum of $2,000,000 from the unappropriated surplus of General Fund 050, the source of which is the FY 2022 Carryover Balance, to the City Manager's Office personnel operating budget account no. 050x101x7500 for the purpose of providing a one-time contribution to address the City's pension obligation to the Cincinnati Retirement System; RENAMING balance sheet reserve account no. 050x2535 within the General Fund 050 from "Emergency Reserve" to "Rese...