Explanation
BACKGROUND: This legislation authorizes the City Auditor to create an Agency Fund and transfer cash from the General Fund for the Department of Public Safety, Division of Support Services. Currently, the Division of Support Services deposits excess funds for false alarms into the General Fund, labelling it as escrow. The division then draws off of that escrow from the customer’s account to pay any false alarms and/or applications. In order for it to be tracked and dispersed more effectively, an agency fund needs to be established. This will allow the division to better track, apply, and disburse payments within the false alarm system. After approximately 180 days from deposit into the escrow account, the remaining escrow amount will be refunded back to the customers.
Emergency action is requested to ensure that the Agency Fund can be created and cash moved to better serve the Department of Public Safety.
FISCAL IMPACT: This ordinance authorizes the transfer of cash from the General Fund to the new Agency Fund of up to $12,493.00. It is undetermined as of this time the amount each year that will be received.
Title
To authorize the City Auditor to create a new Agency Fund and to transfer cash from the General Fund to the new Agency Fund, for the Department of Public Safety, Division of Support Services, and to declare an emergency ($12,493.00).
Body
WHEREAS, it is necessary to authorize the City Auditor to create an Agency Fund for the Department of Public Safety, Division of Support Services; and
WHEREAS, it is necessary to authorize the transfer of cash between the General Fund and the new Agency Fund; and
WHEREAS, this creation and transfer of cash will allow the division to better track, apply, and disburse payments to accounts within the false alarm system; and
WHEREAS, an emergency exists in the usual daily operation of the Division of Support Services, Department of Public Safety, in that it is immediately necessary to create an Agen...
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