AN ORDINANCE

TO TERMINATE SPECIAL REVENUE FUND 209 UPON THE FINANCIAL RECORDS OF THE CITY; AUTHORIZE THE TRANSFER OF ITS REMAINING BALANCE TO THE GENERAL FUND; AND AMEND EXISTING APPROPRIATIONS OF THE CITY TO INCLUDE SAID TRANSFER.

WHEREAS, Ordinance No. 4595, adopted on November 7, 2005, established a special revenue fund known as the MLK Community Recognition Fund, which is designated as Fund 209 upon the financial records of the city; and

WHEREAS, the purpose of Fund 209 was to receive, hold, and expend money collected by and between the cities of Oakwood and Kettering in connection with a recurring breakfast event to recognize the life and vision of Dr. Martin Luther King, Jr.; and

WHEREAS, Oakwood and Kettering discontinued conducting the joint breakfast exclusively for the two communities, instead supporting larger regional celebrations and/or developing other programs, leaving a fund balance of $7,506.52; and

WHEREAS, a portion of the remaining balance ($3,753.50) was allocated and has been returned to the city of Kettering; and

WHEREAS, the city of Oakwood desires to use the remaining balance of $3,753.02 to provide initial seed funding to the Oakwood Inclusion Coalition (“OIC”), a non-profit citizen-driven organization with the mission “to study, promote, and celebrate an inclusive, equitable, diverse and welcoming environment and community for everyone who lives, works, visits, or passes through Oakwood;” and

WHEREAS, the OIC’s mission is wholly consistent with the vision of Dr. Martin Luther King, Jr., and Council has determined that this use of the remaining Fund 209 balance is a fitting and proper tribute to Dr. King’s legacy and is for a public purpose; and

WHEREAS, through adoption of Resolution No. 1878 on October 5, 2020, Council recognized the establishment of the OIC and expressed strong support of the OIC’s mission and purpose;

NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF OAKWOOD, STATE OF OHIO, THAT:

Pursuant to Section 5705.14(D) of the Ohio Revised Code, the Director of Finance is hereby authorized and directed to terminate Fund 209 upon the financial records of the city, and to transfer the remaining balance thereof to the General Fund, and to take such other measures as may be necessary to effectuate the intent of this ordinance.

Ordinance No. 4925 and any existing supplements thereto, which together constitute Council’s appropriation of funds for 2021 city expenses, are hereby amended so as to characterize the expenditure of funds from Fund 209 as a “transfer” rather than an “appropriation.” No further amendment or supplemental appropriation is made, nor is any necessary, as the existing appropriations enacted by Council are sufficient for the purposes described herein.

This ordinance, as an appropriation to meet current expenses of the City, takes effect immediately upon its passage as provided by Section 3.04 of the City Charter.

PASSED BY COUNCIL OF THE CITY OF OAKWOOD, this day of , 2021.