Explanation
BACKGROUND: This ordinance transfers general fund appropriation authority to align appropriation in accordance with the third quarter financial review and/or to transfer appropriation authority from where there is excess to where it is needed.
It also reduces the appropriation authority in the information services internal service fund and appropriate subfunds. Many of the transfers mentioned above are contingent upon partial cancellation and subsequent transfer of funds encumbered to pay the Technology Department for services provided to city agencies. Because this is an internal service agency, a reduction in appropriation of its operating fund must be made in an amount equal to or greater than the sum of cancelled encumbrances established to pay information service bills.
FISCAL IMPACT: There is no net fiscal impact to the general fund. A total of $12,004,168 is being transferred between various departments and organizational cost account codes within the general fund.
The net fiscal impact to the information services internal service fund is the reduction of appropriation authority totaling $1,480,000 to accommodate the aforementioned transfer. This reduction should not have an adverse affect on its ability to provide service for the balance of the year as an appropriation surplus of $3.8 million was reported in this fund in the third quarter financial review.
Title
To authorize the City Auditor to transfer $12,004,168 in appropriation authority between various divisions and OCAs within the general fund to align said authority therein in accordance with the third quarter financial review and/or to set said authority where needed for the balance of the year; to reduce the appropriation authority of the information services internal services fund to accommodate the aforementioned transfer by $1,480,000, and to declare an emergency. ($12,004,168)
Body
WHEREAS, a transfer between divisions and OCAs within the general...
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