Board of Estimate & Contract:
RESOLVED, that a resolution adopted by the City Council on October 10, 2024, and signed by the Mayor on October 11, 2024, authorizing Budget Line Transfer for the Department of Public Works to Cover Current Negative Balances and Support Future Purchases - (the following budget transfers are hereby authorized for the Department of Public Works:
|
FROM |
AMOUNT |
TO |
AMOUNT |
|
A7111.415 (Maintenance of Parks: Heating Fuel) |
$45,000.00 |
A7111.203 (Maintenance of Parks: Equipment) A8560.439 (Flower & Shade Tree Planting) |
$15,000.00 $30,000.00 |
|
A7111.430 (Maintenance of Parks: Memorial Field Renovations) |
$32,500.00 |
A1640.458 (Motor Vehicle Control: Other Expense) A1640.447 (Motor Vehicle: Materials & Supplies) |
$17,500.00 $15,000.00 |
be, and the same is hereby approved.
City Council:
AN ORDINANCE AUTHORIZING BUDGET
LINE TRANSFERS FOR THE DEPARTMENT
OF PUBLIC WORKS TO COVER CURRENT
NEGATIVE BALANCES AND SUPPORT
FUTURE PURCHASES
Whereas, by letter dated September 18, 2024, the Commissioner of the Department of Public Works (“DPW”) has requested legislation authorizing the following budget transfers shown in the Chart below to cover negative balances as well as future purchases in the Department; and
Whereas, the Department of Public Works of the City of Mount Vernon has identified negative balances in specific budget lines that require immediate adjustment to continue essential operations; and
Whereas, there is a need to transfer funds between various budget lines to cover current deficits and future departmental purchases, thereby ensuring the continued functionality of DPW services and meeting the financial needs of the department; and
Whereas, these budget transfers are necessary to support the financial management of DPW and the city’s broader needs in accordance with sound fiscal responsibility; Now, Therefore, Be It Resolved That
The City of Mount Vernon, in City Council convened, does hereby ordain and enact:
Section 1. Authorization of Budget Transfers. The following budget transfers are hereby authorized for the Department of Public Works:
|
FROM |
AMOUNT |
TO |
AMOUNT |
|
A7111.415 (Maintenance of Parks: Heating Fuel) |
$45,000.00 |
A7111.203 (Maintenance of Parks: Equipment) A8560.439 (Flower & Shade Tree Planting) |
$15,000.00 $30,000.00 |
|
A7111.430 (Maintenance of Parks: Memorial Field Renovations) |
$32,500.00 |
A1640.458 (Motor Vehicle Control: Other Expense) A1640.447 (Motor Vehicle: Materials & Supplies) |
$17,500.00 $15,000.00 |
Section 2. Purpose of Transfers. These transfers allocate funds within the Department of Public Works to address current negative balances and ensure funding is available for upcoming expenses, including, but not limited to, cover negative balances as well as future purchases in the Department.
Section 3. Effective Date. This ordinance shall take effect immediately upon its approval by the Board of Estimate & Contract.