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Sec. 343.  Intra-Departmental Transfer.
 
   (a)   Departments Not Controlling Their Own Funds.  The head of any department not having control of its own funds may make application in writing to the Mayor for a transfer of amounts from one appropriated item to another in the budget allowance of the department or to a new item created after adoption of the annual budget.  On the approval of the Mayor, the Controller shall make the transfer, but no transfer of an amount exceeding either thirty-five thousand dollars ($35,000) or other amount established by ordinance shall be made unless approved by a majority vote of the Council.  Notwithstanding the above, for transfers within the Council’s budget, the President of the Council shall be authorized to approve transfers.
 
   (b)   Departments Controlling Their Own Funds.  The general manager of any department having control of its own funds may make application in writing to the board having control and management over the department for a transfer of amounts from one budget item to another in the annual budget of the department, or to a new item created after adoption of the annual budget.  On the approval of the board, the Controller shall make the transfer, but no transfer of an amount exceeding thirty-five thousand dollars ($35,000) or other amount established by ordinance shall be made unless approved in writing by the Mayor.
 
   (c)   Increase in Limit.  The monetary limitations of thirty-five thousand dollars ($35,000) in subsections (a) and (b) above shall commence at the beginning of the City’s 1999-2000 fiscal year and shall be subject in subsequent fiscal years to an annual adjustment at the beginning of the fiscal year based upon the Consumer Price Index for all urban consumers for the Los Angeles area published by the United States Department of Labor, Bureau of Labor Statistics.
 
   (d)   Notice.  At the time any transfer of funds pursuant to this section is made, the authority approving the transfer shall give notice to the City Clerk, who shall notify the President of the Council, the Controller and the Director of the Office of Administrative and Research Services of the transfer.