Ordinance 047-19RECORD OF ORDINANCES
BARRETT BROTHERS - DAYTON, OH10 Form 6220S
Ordinance No. _ 47-19 Passed ,
AN ORDINANCE AMENDING THE ANNUAL APPROPRIATIONS FOR
THE FISCAL YEAR ENDING DECEMBER 31, 2019
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,
ro"*7 — of the elected members concurring, that:
Section 1. There be appropriated from the unappropriated balance in the General Fund
the amount of $280,000 as follows:
Economic Development
10110740-751.01.0 Economic Development Incentives $ 2801000
Section 2. There be appropriated from the unappropriated balance in the State Highway
Fund the amount of $12,500 to account 2.0296290-741000 for debt retirement for the Dublin
Road/Glick Road Intersection Improvement project (OPWC).
Section 3. There be appropriated from the unappropriated balance in the Hotel/Motel Tax
Fund the total amount of $45,060. Of that amount, $700 is to be allocated to account
23240210-7.1.3005 for payment of armored car service by the Finance Department during
the Dublin Irish Festival (SP019), and $44,360 to be allocated to account 23240450-713005
for implementing WiFi technical support services for the Dublin Irish Festival (SP019).
Section 4. There be appropriated from the unappropriated balance in the Debt Service
Fund and the associated transfer in Fund 401. The total amount of $1,655,770 is to be
allocated to both Funds as follows:
Riverside Crossing Park —
(Series A)
CML Parking Structure -
(Series A & B)
Transfer Expense -
Principal $ 60,000
Interest $ 76,820
Principal $ 6701000
Interest $ 8481950
P&I $1,655,770
31090290-762002
31090290-763003
31090290-762004
31090290763005
40196290-741000
Section S. With regard to County Auditor deductions (fees) per the biannual real estate
apportionment the following appropriations and un -appropriations be made:
Bridqe Street
45710290-711001 Un -Appropriate .-County Auditor Deductions $ (58,000)
Bridge Park Block C
46310290-711001 Appropriate -County Auditor Deductions $ 46,000
H2 Hotel
467.0290-711001 Appropriate —County Auditor Deductions $ 4,600
Bridge Park Block Z
46810290-711001 Appropriate —County Auditor Deductions $ 1,205.88
RECORD OF ORDINANCES
BARRETT BROTHERS - DAYTON, OHIO
u
Or�iu� e��7-19 Passed
Form 6220S
Bridge Park Block A
46910290-711001 Appropriate —County Auditor Deductions $ 61558.62
BP Incentive District
47410290-711001 Appropriate —County Auditor Deductions $ 11514.77
Section 6. There be appropriated from the unappropriated balance in the following Funds
the total amount of $679,002.67 for contractual obligations.
Bridqe Park Block Z
46810290-719006 Appropriate —Contractual Obligations $ 83,510.73
Bridge Park Block A
46910290-719006 Appropriate — Contractual Obligations $ 572,749.42
BP Incentive District
47410290-719006 Appropriate — Contractual Obligations $ 22,742.52
Section 7. There be appropriated from the unappropriated balance in the Sewer Fund the
total amount of $104,500. Of that amount, $45,000 is to be allocated to sewer debt for
principal payments on the 2018 A Series, and $59,500 is to be allocated to sewer debt for
interest payments on the 2018 A ies for sanitary sewer lining and repair projects.
Sectio 8. This ordinance II take effect and be in force in accordance with Section
4.04( f the Dublin Revi d harter.
. 0(1---t&
Pa a this da of, 2019.
yor — Presidyhg Officer
�TTEST: �) �
Clerk of Council
Office of the City Manager
5200 Emerald Parkway # Dublin, OH 43017-1090
Citcetv Mom AM
ot'Dubl* i Phone: 614.410.4400 * Fax: 614.410.4490 M " Avft, in 111k"
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To: Members of Dublin City Council
4,0
X
From: Dana L. McDaniel, City Mana
Date,w October 1, 2011
Initiated By: Matthew Stiffler, Interim Director oT Financit
Melody Kennedy, Budget Manager
Re: Follow-up re,. Ord,. 47-19 - Amending the Annual Appropriations for
Fiscal Year Ending December 31, 2019
1. Appropriations were not included in the 2019 Operating Budget due to timing of the debt
issuance. At the time the Operating Budget was compiled in 2018, the interest rates and
payment amortization schedule had not been formulated for the bond issues. Timing of debt
repayment can vary from one debt issue to the next, based on the structure of the debt.
2. Funding for the 2019 debt payments were included in the 2019-2023 Capital Improvements
Program (CIP). The payments were planned and funding allocated, but legal authority (an
appropriation) for the payments had not yet been sought. This strategy is consistent with
previous years, as as the future debt planned for issuance in 2020.
It has long been the City's intent to maximize TIF service payment revenue for debt funding, aI
n
minimize the use of Fund 401 resources from 'income tx, as appropriate. In optimizing this strateg
the funding sources vary as project costs change,, project completion dates change, and adjustmen
are made in funded programming in the CIP. This 'is where the strategy of Capital Improvement,
Program funding and the strategy of funding the annual Operating Budget differ.
a
Follow-up re. Ord,, 47-19 (Amending Appropriations)
October 1, 2019
Page 2 of 2
It is our goal to keep supplemental appropriations related to the Operating Budget as minimal as
possible, whereas it is often necessary to re -visit appropriations for capita improvements,, economF
development incentives, debt payments and issuance costs, and county auditor deductions related
to TIF service payments during the course of the yeart
to is recommending passage of Ordinance No. 47-19 at the second reading/public hearing on
October 7, 2019.
010""Iffice of the City Manager
5200 Emerald Parkway * Dublin, OH 43017-1090
C11�1' of D'ublinPhone,: 614-410-4400 *Fax: 614-410-4490
7
Ordinance No. 47-19 amends the annual appropriations for the fiscal year ending December 31, 2019 in
the General Fund and in various other funds to provide sufficient funding in certain budget accounts. A
description of the appropriations contained within each section of the Ordinance are as follows:
Lgot.ion
Laetention
Iqc.enUv.e
C me Amount Comments &es
Any additional incentives currently in negotiations will be forwarded to City Council in the year-end 2019
supplemental appropriation.
1i ARIZ 1110M WHO*
5gq!gn_2 requests funding authorization in the amount of $12,500 in the State Highway Fund. OPWC
debt on the Dublin Road/Glick Road Improvement Project was issued in 2014 for $250,000 ,r period
of 10 years. Each year $25,000 is transferred from the State Highway Fund to the Debt Retirement
Fund in two payments of $12,500. During calendar year 2018, a total of $25,000 was budgeted,
urdinance 47-19 - Amending the Annual Appropriations for Fiscal Year Ending December 31, 2019
September 13, 2019
however, $12,500 was transferred to retire the debt. In order to make the Debt Retirement Fund
whole, an additional transfer of $12,500 is needed in 2019.
iigiiiipvri� III I piiipiiip!ipq�� Imp 11 1!
LIM U,
Initiating Department.- Depaltment of Finance, and the Department of Parks & Recreation - Events
Administration (Section 3)
Sections 4 and 7 requests funding authorization for 2018 Series A and B debt retirement for the
Riverside Crossing Park project, the CML Parking Structure, and the Sanitary Sewer Lining and Repair
projects that were not previously budgeted in the 2019 operating budget due to timing issues. The
debt originated on December 18, 2018 past the date of the 2019 Operating Budget approval.
-Initiating Department: Department of Finance (Sections 4 through 7)
2
OrWinance 47-19 - Amend*Ing the Annual Appropriations for Floscal Year Ending December 31,, 2019
September 13,, 2019
Staff recommends City Council approval of Ordinance 47-19, amending the Annual Appropriations for
the Fiscal Year Ending December 31, 2019, at the second reading and public hearing of the Ordinance
on +""'
I