Explanation
This ordinance authorizes the City Auditor to transfer funds within the Water Operating Fund for additional personnel funds. Current funding available will be enough to cover through November 2025. Additional funds as a transfer are requested to support personnel costs through year-end.
Emergency Justification: This ordinance is submitted as an emergency so as to allow these financial transactions to be posted in the city's accounting system immediately to meet payroll costs for the December pay periods and to allow divisions to operate without interruption through the end of 2025.
FISCAL IMPACT: $1,547,197.47 is needed in the Water Operating Fund to meet the financial obligations of personnel costs due to overtime costs being $947,000.00 over budget year-to-date through the October 30th pay period and hiring trends occurring faster than anticipated. $1,547,197.47 will be transferred between object classes within the Water Operating Fund to support this need. There is sufficient budget authority in the 2025 Water Operating Fund's budget to fund the transfer.
Title
To authorize the transfer of $1,547,197.47 between object classes in the Water Operating Fund; and to declare an emergency. ($1,547,197.47)
Body
WHEREAS, the City Auditor is authorized to transfer $1,547,197.47 within the Water Operating Fund; and
WHEREAS, the Division of Water has a need to transfer $1,547,197.47 between object classes within the 2025 water operating fund budget. Funds for the transfer have been identified and are available in object class 07; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities, Division of Water, in that it is immediately necessary to authorize the City Auditor to transfer funds for the purpose of covering late year personnel costs to enable the Division of Water to operate without interruption through the end of 2025, for the immediate preservation of the public, health, peace, prope...
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