Explanation
BACKGROUND: This legislation authorizes the transfer of $455,000 between object levels within and the supplemental appropriation of $197,000 in the Photo Red Light Fund. This fund was established in 2005 through Ordinance No. 1015-2005 to receive deposits of revenue generated by the Photo Traffic Enforcement program. Proceeds from this revenue source are earmarked for expenditures related to public safety initiatives.
Funds were appropriated to this fund as part of the 2008 budget process, for overtime expenses associated with the police strike force initiative. However, funds were placed in the transfer object rather than the personnel object. Therefore, a transfer of $455,000 is necessary. In addition, funds in excess of the original projection are available for appropriation to fund this important safety initiative.
Emergency action is requested to allow prompt posting of accounting documents.
FISCAL IMPACT: $455,000 will be transferred between object levels within the Photo Red Light Fund and $197,000 will be appropriated from the unappropriated balance in the fund to the personnel line item, both for overtime expenditures related to the strike force initiative within the Division of Police. Expenditure corrections will be done to redirect a potion of the cost of the strike force initiative to this fund.
Title
To authorize a transfer of $455,000 between object levels within the Photo Red Light Fund; to authorize the supplemental appropriation of $197,000 in the Photo Red Light Fund; and to declare an emergency ($652,000).
Body
Whereas, the Photo Red Light fund was established in 2005 through Ordinance No. 1015-2005 to receive deposits of revenue generated by the Photo Traffic Enforcement program; and
Whereas, proceeds from this revenue were designated to be used for public safety initiatives; and
Whereas, funds were appropriated to this fund as part of the 2008 budget process, to fund overtime expenses associ...
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