Explanation
As part of the 2017 third quarter financial review, the Department of Finance and Management identified surpluses and deficits in various object classes in several divisions. In order to properly align appropriations with projected expenditures and allow divisions to operate without interruption through the end of 2017, it is necessary to transfer $14,500,719.00 among divisions within the general fund.
Object class surpluses and deficits were projected as part of the third quarter financial review. This ordinance makes transfers to reflect these projections. The amounts may not mirror the third quarter review exactly, due to transfers that have occurred in the interim as well as adjustments made in projections since the completion of the review.
This ordinance also authorizes appropriation transfers for certain non-general fund departments and divisions in order to provide appropriations in the necessary object classes for the remainder of the fiscal year.
Based on projections at the end of the third quarter, additional appropriations are needed to the Recreation and Parks operation and extension fund, Public Service’s private construction inspection fund, and Finance and Management’s print and mail services fund.
An appropriation of $25,000.00 is needed in the Neighborhood Initiatives Fund to the Health Department in Council support of additional funding for the Community Resiliency Program. An appropriation of $20,000.00 is needed in Public Safety’s E-911 fund to provide for payroll through the remainder of the year. An appropriation of $5,000.00 is needed in the Neighborhood Initiatives Fund to the Department of Recreation and Parks in support of planning efforts for community events.
In addition, a cash transfer within the Finance and Management Department between the general fund and the Property Management Fund is necessary.
Finally, an appropriation reduction of $100,000.00 is needed in the technology services fund to accommo...
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