ACCOUNT TRANSFERS

CHAPTER 4.

4-1. Council Transfers. When the city clerk determines that one or more appropriation accounts need added authorizations to meet required expenditures therein the Clerk shall inform the council or if the council upon its own investigation so determines, and another account within the same program has an appropriation in excess of foreseeable needs, or, in the case of a clear emergency or unforeseeable need, the contingency account has an unexpended appropriation which alone or with the other accounts can provide the needed appropriations, the council shall set forth by resolution the reductions and increases in the appropriations and the reason for such transfers. Upon the passage of the resolution and approval by the mayor, as provided by law for resolutions, the city clerk shall cause the transfers to be set out in full in the minutes and be included in the published proceeds of the council. Thereupon the clerk shall cause the appropriations to be revised upon the appropriation expenditure ledgers of the city, but in no case shall the total of the appropriation to a program be increased except by budget amendment after notice and hearing, nor shall the total appropriation for all purposes be increased except by a budget amendment made after notice and hearing as required by law for such amendments.

4-2. Administrative Transfers. The city clerk shall have power to make transfers between objects of expenditure accounts budgeted within activity accounts without prior council approval.

The city clerk shall have the power to make transfers between activities, or between sub-programs without prior council approval to meet expenditures which exceed estimates or are unforeseen but necessary to carry out council directives or to maintain a necessary service and provide the required appropriation balance. Such transfers shall not exceed 3% at any one time of the activity's annual appropriation which is increased or decreased. However, when a given transfer, considering all previous transfers to or from an activity, causes the total change in the appropriation for any activity to exceed by ten per cent greater or ten per cent less than the original appropriation, it shall be presented to the council as a resolution including all such administrative transfers to date in the fiscal year for consideration and passage as presented, or as amended by council.