AN ORDINANCE

TO AMEND SECTION I, 2026 ORIGINAL APPROPRIATION ORDINANCE NO. 5025, AND ANY EXISTING SUPPLEMENTS THERETO, TO PROVIDE FOR THE APPROPRIATION OF:

1. MULTIPLE TRANSFERS FROM THE SELF-FUNDED INSURANCE TRUST FUND TO THE GENERAL FUND, REFUSE FUND, SMITH MEMORIAL GARDENS FUND, STREET MAINTENANCE AND REPAIR FUND, LEISURE ACTIVITY FUND, HEALTH FUND, AND WATER OPERATING FUND, EFFECTIVELY REALLOCATING “OPERATING” EXPENSES OF SAID TRUST FUND AS “PERSONNEL” EXPENSES OF THE VARIOUS OTHER FUNDS, FOR COSTS ASSOCIATED WITH OFFERING TRADITIONAL VISION INSURANCE AS AN EMPLOYEE BENEFIT RATHER THAN A SELF-FUNDED VISION INSURANCE PROGRAM;

FOR THE CITY OF OAKWOOD, STATE OF OHIO, DURING THE FISCAL YEAR ENDING DECEMBER 31, 2026.

WHEREAS, for many years, the City has provided vision insurance as an employee benefit through a self-funded program, and wishes to discontinue that program in favor of utilizing a traditional vision insurance policy; and

WHEREAS, this supplemental appropriation will reallocate certain “operating” expenses of the Self-Funded Insurance Trust Fund as “personnel” expenses within several accounting Funds, without altering the overall net expenditures to be made by the City for this fiscal year;

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

To provide for the current expenses and other expenditures of the said city of Oakwood during the period commencing January 1, 2026 and ending December 31, 2026, the following revised sums shall be and they are hereby set aside and appropriated as follows, exclusive of transfers, with added material in bold type and deleted material in strike-through type: