SPECIAL ORDINANCE
BY COUNCIL PRESIDENT COLLINS-BELLAMY, MAJORITY LEADER RUBBO, MAJORITY WHIP ROBINSON, MINORITY LEADER BREEN, COUNCILMEMBERS PINEDA-ISAAC, DIAZ, AND HODGES:
A SPECIAL ORDINANCE AMENDING THE BUDGET FOR THE CITY OF YONKERS FOR THE 2025/2026 FISCAL YEAR IN RELATION TO TRANSFERRING FUNDS TO AND FROM VARIOUS ACCOUNTS FOR THE PURPOSE OF: 1) CONTRACTUAL SETTLEMENTS.
The City of Yonkers in City Council convened, hereby ordains and enacts:
Section1. The budget for fiscal year 2025/2026 is hereby amended by
transferring funds as follows:
|
Transfer From: |
Account # |
Amount |
|
Strategic Allocation Vital Expenditures "SAVE" |
120.4999.C1132 |
$10,000,000 |
|
|
|
$10,000,000 |
|
|
|
|
|
Transfer To: |
Account # |
Amount |
|
Contractual Settlements |
120.4999.C0119 |
$10,000,000 |
|
|
|
$10,000,000 |
Section 2. The balance of such appropriation remaining after the transfer equals or exceeds the estimated expenditure the City requires for such purpose during the remainder of the budget year as per the attached justification document to be submitted to the State Comptroller for approval.
Section 3. This ordinance shall take effect immediately.