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, 2013 AND ENDING DECEMBER 31, 2013.
Executive Summary: This ordinance establishes the City's 2013 budget.
Body
Legislative History
City Council passes an ordinance approving appropriations annually.
Purpose & Explanation
Attached for City Council's consideration is the Ordinance reflecting the fund/department budgets for 2013 that were discussed at recent budget workshops.
The total 2013 budget is $71.3 million. Of that amount, $8.6 million are transfers out to other funds which are than appropriated within the receiving fund.
The budget also includes $3.3 million in Trust & Agency Funds, which are funds that the City basically serves as the fiduciary agent or pass-through entity. The largest are the Library Levy Fund at $1.9 million and Dedicated Tax Revenue Fund (Issue 3 Funds to the Schools) at $1.25 million.
The personnel budget for 2013 totals $17.7 million for all funds/departments. This includes compensation and all related benefits.
The final copy of the budget book will be distributed toward the end of January which will allow us to include the 2012 actual amounts.
Timing Considerations
Pass by year end.
Fiscal Impact
X Annual Appropriations
Suggested Action
Recommendation
Staff recommends Council's approval of the 2013 appropriations.
Submitted by,
Jeff Knoblauch, Finance Director