Explanation
BACKGROUND: On November 5, 2007, City Council approved Ordinance No. 1700-2007, authorizing the Board of Health to accept a grant award from the Ohio Department of Health to fund the Women, Infants and Children Grant Program, for the period October 1, 2007 through September 30, 2008. That ordinance also authorized the appropriation of $4,944,823 which included the grant award amount and estimated interest earnings. The estimate for interest earnings was based on ODH sending advance payments to Health on a monthly basis. However, ODH is sending larger quarterly payments, leading to larger cash balances in the grant project and greater interest earnings than what was anticipated.
This ordinance is needed to authorize $21,258 in additional appropriation for the WIC grant for total appropriation on the grant in the amount of $4,944,823, for the period October 1, 2007 through September 30, 2008.
This ordinance is submitted as an emergency so as to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
FISCAL IMPACT: The Women, Infants and Children Program is entirely funded by the Ohio Department of Health. This program does not generate any revenue or require a City match.
Title
To authorize a supplemental appropriation from the unappropriated balance of the Health Department Grants Fund for additional revenues received by the Women, Infants, and Children Grant Program, in the amount of $21,258; and to declare an emergency. ($21,258)
Body
WHEREAS, on November 5, 2007, City Council approved Ordinance No. 1700-2007, authorizing the Board of Health to accept a grant award from the Ohio Department of Health to fund the Women, Infants and Children Grant Program, for the period October 1, 2007 through September 30, 2008; and,
WHEREAS, that ordinance also authorized the appropriation of $4,94...
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