Explanation
This ordinance transfers and appropriates monies within two different operating funds, the Development Services Fund and the Street Construction, Maintenance and Repair Fund, for the Transportation Division. Consistent with third quarter financial review projections, these transfers/appropriations will provide for the fiscal needs of the division through the end of the year. In some cases, existing appropriation authority is being transferred to the division from the Public Service Director's Office.
Within the Development Services Fund, Fund 240, $100,000.00 in existing appropriation authority is being transferred from the Service Director's Office to the Transportation Division for projected personnel expenditure needs. An additional $90,000.00 is being appropriated for the same purpose within the Transportation Division from this Fund's unappropriated balance.
Within the Street Construction, Maintenance and Repair Fund, Fund 265, $260,000.00 in existing appropriation authority is being transferred from the Service Director's Office to the Transportation Division for projected service expenditure needs. In addition, $440,000.00 is being transferred within the Transportation Division's existing appropriation authority from material and supply and capital outlay categories in order to provide for projected services expenditure needs.
The authorization for intra-fund transfers is $100,000.00 within the Development Services Fund and $700,000.00 within the Street Construction, Maintenance and Repair Fund. These intra-fund transfers total $800,000.00.
The authorization for a supplemental appropriation within the Development Services Fund totals $90,000.00.
Emergency action is requested to make these funds available to the division as soon as possible to meet pending and anticipated 2003 expenses.
Title
To authorize the transfer of $800,000.00 in existing appropriation authority between divisions and major expenditure categorie...
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