HomeMy WebLinkAboutOrdinance 046-20RECORD OF ORDINANCES
BARRETT BROTHERS - DAYTON, OHIO
46-20
Ordinance No.
Passed
AN ORDINANCE AMENDING THE ANNUAL APPROPRIATIONS
FOR THE FISCAL YEAR ENDING DECEMBER 31, 2020
Form 6220S
WHEREAS, the Ohio Revised Code requires, when necessary, amendments to the annual
appropriations ordinance be made in order that appropriations are not over expended;
and
WHEREAS, it is necessary to amend the annual appropriations ordinance to provide
funding in, certain budget accounts; and
WHEREAS, at the beginning of each year, it is necessary to appropriate unencumbered
balances 'in various funds to authorize those funds for debt payments, project -related
expenditures and other miscellaneous expenses; and
WHEREAS, if any funding is appropriated herein to provide for transfers or advances for
debt service, the debt transfer is also authorized as a part of this ordinance.
NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, State of
Ohio,7 of the elected members concurring, that:
Section 1. There shall be appropriated from the unappropriated balance in the following
Funds the following amounts for County Auditor Fees:
Parkland Acauisition Fund
40210290-711001 $ 435
Dublin Methodist Hospital TIF
45310290-711001 $ 895
West Innovation TIF
45910290-711001 $ 31020
Tuller TIF
46110290-711001 $ 2,510
Penzone TIF
46610290-711001 $ 650
Section 2. There shall be appropriated from the appropriated balance in the Property
Assessed Clean Energy Agency Account (PACE) for 5165 Emerald Parkway the total
amount of $101,134 to be allocated to account 81720740-713005.
Section 3. This ordinance shall take effect and be in force in accordance with Section
4.04(a) of the Dublin Revised Charter.
d'r
Passed this day of f , 2020.
Mayor —Presiding Officer
ATTEST:
Clerk of Council
Office of the City Manager
5555 Perimeter Drive • Dublin, OH 43017-1090
Icityof Dublin Phone: 614-410-4400 Memo
• Fax: 614-410-4490
To: Members of Dublin City Council
From: Dana L. McDaniel, City Manager
Date: November 10, 2020
Initiated By: Matthew L. Stiffler, Director of Finance
Melody Kennedy, Budget Manager
Re: Ordinance No. 46-20 —Amending the Annual Appropriations for Fiscal Year
Ending December 31, 2020
Background
Ordinance 46-20 amends the annual appropriations for the fiscal year ending December 31, 2020 in
various funds to provide sufficient funding in certain budget accounts for the fourth quarter of
2020. The Ohio Revised Code (ORC) dictates there to be no line item accounts in budget deficit at
year-end. The following requests are made because there is no remaining funding to move into the
line item accounts from other overage accounts.
Descriptions of the appropriations contained within each section of the Ordinance are as follows:
Section 1 requests funding authorization in various Capital Improvements Funds in the total
amount of $7,510 to cover the cost of the County Auditor fees associated with the County's
preparation of the City's real estate tax apportionment sheet for the second half service payments
for the year. These fees are inherently difficult to budget in advance due to changes in property
valuations and tax delinquencies crossing years. As seen in the chart below, the fees fluctuate
from year-to-year.
County Auditor F
Last Five Year:
JOB
2016 2017 2018
Section 2 requests funding in the Property Assessed Clean Energy (PACE) Fund in the amount of
$101,134 per Ordinance 40-19 approved by City Council in August 2019, for the PACE special
improvement for 5165 Emerald Parkway. PACE allows qualifying energy improvements to be
ordmenm46 20 -!mending the Annual Appropriations for Fiscal veer Ending December 31, 2020
Nosember 10, 2020
financed through assessments on a property owner's real estate tax bill. This is a favorable
financing tool that enables low-cost long-term funding for major energy efficiency improvements.
The PACE assessment are held in the Fiduciary Funds where assets are held for distribution by the
City as an agent for another entity for which the City has custodial responsibility. For this reason,
these Funds are considered clearing accounts and do not provide measurement of operations, and
they are not required to be budgeted. However, the City prefers to monitor the accounts, and to
the extent possible, eliminate deficit balances. Each payment (or remittance) made has a
corresponding revenue source.
Inidadng Departrnent Departrnent ofFarar a (5e bonsI and 2)
Ulm
M. int
Recommendation
Staff recommends City Council approval of Ordinance 46-20, amending the Annual Appropriations
for the Fiscal Year Ending December 31, 2020, at the second reading and public hearing of the
Ordinance on December 7, 2020.
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