ORDINANCE G-2016-16 INTRODUCING: MISSY MOSBY-COMMITTEE: A.S.D.
AN ORDINANCE AMENDINGÂ CHAPTER 3.110 (ACCOUNTS AND TRANSFERS)
OF THE CODE OF ORDINANCES
WHEREAS, the Common Council desires to preserve transparency and accountability of local government finances while also providing greater flexibility in transfers between segregated accounts.
NOW, THEREFORE, BE IT ORDAINED, by the Common Council of the City of Evansville as follows:
Section 1. Amendment of Section 3.110.020 of the Code. Section 3.110.020 of the Evansville Municipal Code is hereby amended by deleting the stricken words and inserting the words underlined as follows:
3.110.20 Accounts.
(A) All pension funds shall be segregated in a separate account from the operating account.
(B) All rainy day funds, riverboat funds, and debt obligation (excluding utility-related debt obligations) funds shall be segregated in a separate account from the operating and pension accounts.
(CB) The Controller’s office of the City of Evansville, Indiana, may invest proceeds from these funds and shall account for them in accordance with State law.
(DC) Nothing in this chapter shall be interpreted in a manner that conflicts with existing and future resolutions, ordinances, or other governing instruments relating to debt obligations of the City of Evansville, Indiana, and its agencies.
Section 2. Addition of Section 3.110.030 to the Code. Section 3.110.030 of the Evansville Municipal Code is hereby added as follows:
3.110.030 Transfers.
(A) The City may transfer appropriations from one major budget classification or fund to another major budget classification or fund if:
(1) the City 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 under IC 6-1.1; and
(3) the Mayor, City Controller, or the Mayor’s designated representative provides notice to the City Council within twenty (20) days of when the transfer is made.
(B) Routine transfers between accounts for employee payroll, payroll taxes, payroll withholdings, employee benefits, and investments are excluded from the notice requirement of this section unless expressly requested by City Council.
(C) Transfer of funds to and from the rainy day funds and economic development income tax fund shall be made in compliance with state law, including IC 36-1-8 et seq. and IC 6-3.5-7 et seq.
Section 3. Effective Date. This ordinance shall be in full force and effect from and after its passage by the Common Council.
PASSED BY the Common Council of the City of Evansville, Indiana, on the ___ day of _________________, 2016, and on said day signed by the President of the Common Council and attested by the City Clerk.
ATTEST:
____________________________ ____________________________
Missy Mosby Laura Windhorst, City Clerk
President of the Common Council City of Evansville, Indiana
Presented to me, the undersigned, City Clerk of the City of Evansville, Indiana, and to the Mayor of said City, the ____ day of ________________, 2016, at _____ o’clock __.m. for his consideration and action thereon.
____________________________
Laura Windhorst, City Clerk
City of Evansville, Indiana
Having examined the foregoing ordinance, I do now, as Mayor of the City of Evansville, Indiana, approve said ordinance and return the same to the City Clerk this _____ day of ______________, 2016, at ___________o’clock __.m.
____________________________
Lloyd Winnecke, Mayor