(a) Common Council Approved Transfers. The Common Council may transfer money from one major budget classification to another within a City department or office of an elected official and may transfer appropriated funds between line items within major budget classifications within a City department of office of an elected official when the transfer between line items would cause the Maximum Approved Transfer Amount (as defined in subsection (b)(1)) to be exceeded and if:
(1) It determines that the transfer is necessary;
(2) The transfer does not require the expenditure of more money than the total amount set out in the budget as finally determined pursuant to I.C., 6-1.1 et seq.;
(3) The transfer is made at a regular public meeting and by proper resolution; and
(4) The transfer is certified to the county auditor when the transfer is between major budget classifications.
(b) Department Approved Transfers.
(1) All City departments, the Office of the Mayor, the Clerk, and the City Judge may transfer appropriated funds between line items within major budget classifications without the approval of the Common Council (“Department Approved Transfers”), provided, however, that such transfers may not exceed the Maximum Approved Transfer Amount. The term “Maximum Approved Transfer Amount” shall mean no more than $25,000 per occurrence and no more than $50,000 per receiving line item, per calendar year, except that no Maximum Approved Transfer Amount shall apply to personnel costs and expenses.
(2) Department Approved Transfers may be made without notice and without the approval of the State Board of Tax Commissioners.
(3) Written notice of Department Approved Transfers shall be provided to the Office of the Controller.
(c) Emergencies. When there exists, under emergency conditions, a threat to public health, welfare, or safety, the Maximum Approved Transfer Amount may be exceeded and ratified at the next meeting of the Common Council following the emergency.
(`91 Code, § 2-135) (Ord. D-1207, 4-15-96; Ord. D-1477-00, 10-2-00; Ord. D-1669-04, 1-26-04; Ord. D-2067-11, 11-7-11; Ord. D-2505-19, 12-16-19)