Ordinance 045-18RECORD OF ORDINANCES
Dayton Legal Blank, Inc.
Ordinance No. 45-18
Passed
Form No. 30043
20
AN ORDINANCE AMENDING 10HE ANNUAL APPROPRIATIONS
FOR THE FISCAL YEAR ENDING DECEMBER 31, 2018
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, T EREFORE, BE IT ORDAINED by the Council of the City of Dublin, State of
Ohio, of the elected members concurring, that:
Section 1. There be appropriated from the unappropriated balance in the Capital
Improvements Tax Fund the amount of $1,450,000 to account 40197290-742000 for the
cost of the West Plaza of Riverside Crossing Park, pursuant to the Infrastructure
Agreement between the City of Dublin and Crawford Hoying Development Partners, LLC
(Ordinance No. 44-18).
Section 2. There be appropriated from the unappropriated balance of the Capital
Construction Fund the amount of $1,450,000 to account 40480430-735005 for the West
Plaza of Riverside Crossing Park, pursuant to the Infrastructure Agreement between the
City of Dublin and Crawford Hoying DevE!lopment Partners, LLC (Ordinance No. 44-18).
)rtake effect and be in force in accordance with Section
harter.
L'
Clerk of Council
IGtyof Dublin
Office of the City Manager
5200 Emerald Parkways Dublin, CH 43017-1090
Phone; 614-410-4400 . Fax; 6t4-410-4490
To: Members of Dublin City Council j
From: Dana L, McDaniel, City Manag l�~e
Date: June 21, 2018
Initiated Angel L, Mumma, Director of Finance
By:
ulal�l'J
Re., Ordinance No, 45.18 — Amending the Annual Appropriations for Fiscal
Year Ending December 31, 2018
Background
Ordinance No, 45-18 amends the annual appropriations for the fiscal year ending December 31,
2018 in the Capital Improvement Tax Fund and the Capital Construction Fund to provide
sufficient funding in certain budget accounts, A description of the appropriations contained
within each section of the Ordinance are as follows;
Section 1 requests a total of $1,450,000 in funding authorization for the Capital Improvement
Tax Fund, This amount represents the cost associated with the Infrastructure Agreement
between the City of Dublin (City) and Crawford Hoying Development Partners, LLC (Developer)
for the West Plaza of Riverside Crossing Park (see Ordinance No, 44-18), This amount will be
advanced from the Capital Improvement Tax Fund to the Capital Construction Fund and will be
repaid when the City issues long-term bonds, which was planned for this project.
Section 2 requests funding in the amount of $1,450,000 within the Capital Construction Fund
for the costs associated with the Infrastructure Agreement with the Developer for the West
Plaza of Riverside Crossing Park (see Section 1), This corresponding appropriation is necessary
for accounting purposes so that once the advance is completed from the Capital Improvement
Tax Fund to the Capital Construction Fund, as provided in Section 1, the funds can then be
spent on the pursuant to the Infrastructure Agreement,
AAs previously explained, when Staff is proposing the transfer of money from one fund to
another, the transaction oftentimes requires what appears to be a duplicate appropriation, This
occurs because the receipt of revenue within a particular fund and/or account doesn't
necessarily result in an authority to spend (an appropriation). Therefore, in this particular case,
Council must authorize the advance out of the Capital Improvement Tax Fund (expenditure),
which will result in revenue to the Capital Construction Fund. Council must then authorize the
expenditure from the Capital Construction Fund to meet the obligations of the Infrastructure
Agreement through an appropriation of those funds to the proper expense account,
Initiating Department; Departments of Finance, Public Works, and Parks & Recreation
Ordinance 45.18 - Amending the Annual Appropriations for Fiscal Year Ending December 31, 2018
June 21, 2018
Recommendation
Staff recommends City Council approval of Ordinance 48-18, amending the Annual
Appropriations for the Fiscal Year Ending December 31, 2018, at the second reading and public
hearing of the Ordinance on July 2, 2018,