Ordinance No. 12-2012
AN ORDINANCE TO AMEND ORDINANCE NO. 37-2011 PROVIDING FOR ADJUSTMENTS OF THE ANNUAL BUDGET FOR THE FISCAL YEAR 2012 AND REVISING SUMS FOR OPERATING EXPENSES, AND DECLARING AN EMERGENCY
WHEREAS, pursuant to the provisions of Section 2.08 of Article II of the Charter of the Village of Granville, Ohio, the Village Council is authorized to adopt the municipal budget for the fiscal year beginning January 1, 2012 and ending December 31, 2012, and;
WHEREAS, the Village of Granville has identified a capital improvement project to retrofit all Village lightening fixtures to be funded from the Capital Project Reserve Fund during the year 2012, and;
WHEREAS, adjustments to the annual appropriation ordinance are necessary to account for this additional capital expenditure as follows:
- a. Capital Project Reserve Fund - $65,000.00 for Capital Outlay
NOW, THEREFORE, be it ordained by the Council of Granville, Ohio that:
Section I: The annual budget of the Village of Granville, as established by Ordinance No.37-2011, shall be amended by the Council, as recommended by the Manager, and is hereby adopted.
Section II: This Ordinance provides for capital expenditures during the fiscal year ending December 31, 2012 with the following additional appropriations hereby made to the Capital Project Reserve Fund:
Account Description Additional Appropriation
A8-6-B-250 Capital Outlay $65,000.00
Capital Project Reserve Fund
Section III: This Ordinance is hereby declared to be an emergency ordinance in order to meet an emergency in the operation of the municipal government. The reason for such necessity is that immediate action is necessary in order to meet a deadline that will provide optimum financial benefit to the Village. Therefore, this Ordinance shall take effect immediately upon passage.
Passed this 20th day of June, 2012.