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Sec. 5.36. Intra-Departmental Transfers. (Charter Sec. 343.)
(a) Subject to the provisions of Charter Section 343, 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 one percent of the budget for the account receiving the transfer, whichever is greater, provided that no such transfer shall exceed One Hundred Thousand Dollars ($100,000), shall be made unless approved by a majority vote of the Council. Notwithstanding the foregoing, for transfers within the Council’s budget, the President of the Council shall be authorized to approve transfers. The authority under this Subsection shall be limited to a single transfer in the amount authorized, or multiple transfers which combined do not exceed the amount authorized, for any given purpose, use or transaction in any fiscal year. Any transfer for any given purpose, use or transaction which combined with a prior transfer or transfers for that purpose, use or transaction would exceed the limit specified in this Subsection in any fiscal year shall be submitted to the Council for approval.
(b) Subject to the provisions of Charter Section 343, 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 either Thirty-Five Thousand Dollars ($35,000) or one percent of the budget for the account receiving the transfer, whichever is greater, provided that no such transfer shall exceed One Hundred Thousand Dollars ($100,000), shall be made unless approved in writing by the Mayor. The authority under this Subsection shall be limited to a single transfer in the amount authorized, or multiple transfers which combined do not exceed the amount authorized, for any given purpose, use or transaction in any fiscal year. Any transfer for any given purpose, use or transaction which combined with a prior transfer or transfers for that purpose, use or transaction would exceed the limit specified in this Subsection in any fiscal year shall be submitted to the Mayor for approval.
SECTION HISTORY
Based on Charter, Sec. 355.
Amended by: Ord. No. 173,259, Eff. 6-23-00, Oper. 7-1-00.
(a) It shall not be lawful to transfer money from one fund to another, or to use the same in payment of demands upon another fund except in the case of the “Unappropriated Balance” and the “Reserve Fund,” or except as in the Charter specifically provided.
(b) The Treasurer and Controller, however, when authorized and directed by the City Council by resolution, shall have power, and it shall be their duty to make such temporary transfers, in accordance with procedures established by applicable law, from the funds of the City in the Treasurer’s custody as may be necessary to provide funds for meeting obligations of the City. The amount of any such temporary transfers shall not at any one time exceed 85 percent of the ad valorem property taxes accruing to the City, and shall not be made after the last Monday in April of the current fiscal year, and shall be replaced from the taxes accruing to the City before any other obligations of the City is met from said taxes.
SECTION HISTORY
Based on Charter, Sec. 381.
Amended by: Ord. No. 154,252, Eff. 9-11-80.
Sec. 5.40. Transfer of Surplus to Reserve Fund. (Charter Sec. 344.)
At the close of each fiscal year, the Controller and the Treasurer shall transfer all surplus money remaining in each fund over and above the amount of outstanding demands and liabilities payable out of the fund to the Reserve Fund as provided, and subject to the restrictions set forth, in Charter Section 344.
SECTION HISTORY
Based on Charter, Secs. 173(c) and 382.
Amended by: Ord. No. 173,259, Eff. 6-23-00, Oper. 7-1-00.