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File #: 23-134    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 9/27/2023 In control: City Council
On agenda: 11/21/2023 Final action: 11/21/2023
Title: AN ORDINANCE TO MAKE APPROPRIATIONS FOR THE CURRENT EXPENSES AND OTHER EXPENDITURES OF THE CITY OF HUDSON, COUNTY OF SUMMIT, STATE OF OHIO, DURING THE FISCAL YEAR BEGINNING JANUARY 1, 2024 AND ENDING DECEMBER 31, 2024. Brief Description: This Ordinance establishes the City's budget for 2024.
Sponsors: Jeffrey L. Anzevino
Indexes: Finance - Appropriations and Budget
Attachments: 1. Draft Ordinance, 2. Ordinance No. 23-134
Related files: 24-55, 24-48, 24-81, 24-39

Title

AN ORDINANCE TO MAKE APPROPRIATIONS FOR THE CURRENT EXPENSES AND OTHER EXPENDITURES OF THE CITY OF HUDSON, COUNTY OF SUMMIT, STATE OF OHIO, DURING THE FISCAL YEAR BEGINNING JANUARY 1, 2024 AND ENDING DECEMBER 31, 2024.

Brief Description:  This Ordinance establishes the City’s budget for 2024.

Body

Legislative History

None.

Purpose & Explanation

The total appropriations for 2024 are $98.2 million which includes approx. $16.0 million in transfers to other funds and $5.6 million in trust and agency funds (City acts solely in a fiduciary capacity).  The General Fund transfers are appropriated in the General Fund and also appropriated in the receiving fund.  Excluding fiduciary and General Fund transfers, appropriations for 2024 are $76.7 million

As required, we split out personnel expenses from non-personnel.  Personnel expenses include wages & salaries, pension, Medicare, insurance, workers comp and any other taxable benefit.

Timing Considerations

The budget is required to be passed by year end.

Fiscal Impact

X                       Annual Appropriations

 

Recommendation

Suggested Action

Staff recommends approval of the 2024 appropriations.

Submitted by,

Thomas Sheridan, City Manager

Jeff Knoblauch, Assistant City Manager - Finance Director

Brian Griffith, Director - Management & Budget