2012-23

ORDINANCE MAKING AN APPROPRIATION ADJUSTMENT TO SEWER REVENUE, STORM WATER UTILITY, DEBT SERVICE, CAPITAL, LANDFILL MONITORING AND CENTRAL GARAGE FUNDS FOR THE YEAR ENDING DECMEBER 31, 2012.

Whereas, the Council has been advised that there is a need to adjust various funds in the City of Marion due to updated debt amortization schedules.

BE IT ORDAINED by the Council of the City of Marion, Marion County, Ohio:

Section 1. That there be an appropriation adjustment made in the funds as follows:

502 SEWER REVENUE
NOTE PROCEEDS 502.5001.4902 130,000
BOND INTEREST 502.5001.5439.01 (273,544.00)
BOND PRINCIPAL 502.5001.5439.02 87,874.00
NOTE INTREST 502.5001.5439.04 (105,000)
NOTE PRINCIPAL 502.5001.5439.05 180,000
DEBT SERVICE COSTS 502.5001.5439.06 (7,000.00)
OPWC LOAN INTREST 502.5001.5440.01 (7,786.00)
OPWC LOAN PRINCIPAL 502.5001.5440.02 56,167.30
OWDA LOAN INTREST 502.5001.5441.01 7,933.00
OWDA LOAN PRINCIPAL 502.5001.5441.02 1,248.00
69,892.30

504 STORM WATER UTILITY
BOND INTREST 504.5007.5439.01 52,914.00
BOND PRINCIPAL 504.5007.5439.02 59,619.00
NOTE INTREST 504.5007.5439.04 (115,000.00)
NOTE PRINCIPAL 504.5007.5439.05 (330,400.00)
DEBT SERVICE COSTS 504.5007.5439.06 (300.00)
OPWC LOAN PRINCIPAL 504.5007.5440.02 11,915.00
PROFESSIONAL SER. 504.5008.5402 (300,000.00)
CAPTITAL IMPROV. 504.5008.5443 (2,787,097.00)
(3,408,349.00)

302 DEBT SERVICE
TRANSFER IN 302.3010.4802 78,246.00
BOND INTREST 302.3010.5439.01 (10,284.00)
BOND PRINCIPAL 302.3010.5439.02 88,530.00
156,492
401 CAPITAL
TRANSFER OUT 401.4000.5426 (1,274.00)
(1,274.00)
509 LANDFILL MONITORING
OWDA LOAN INTREST 509.5006.5441.01 4,776.00
4,776.00
601 CENTRAL GARAGE
BOND INTREST 601.6000.5439.01 5,439.01
BOND PRINCIPAL 601.6000.5439.02 5,439.02
10,878.03
Total Adjustments (3,167,584.67)
 

Section 2. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.


____________________________
Approved: Dave Edwards
President of Council

_______________________
Mayor Scott Schertzer


Attest;

________________________
Clerk of Council