ORD-MC Concerning the Mayor’s Transfer Authority; Amend Secs 106.304 (Mayor’s Transfer Power) & 106.308 (Capital Improvement Transfers, Appropriation Amendments & Change Orders), Subpt A (General Provisions), Pt 3 (Appropriations), Ch 106 (Budget & Accounting Code), Ord Code, to Limit the Mayor’s Transfer Authority to $100,000 Among the Capital Improvement Projs Listed in the CIP Appvd by the Council & to $100,000 During Any FY into or Out of Any Agency, Nondept or Dept Existing Line Item; Prov for Codification Instructions (Staffopoulos) (Introduced by CM Diamond) 8/13/24 CO Introduced: R, F 8/19/24 R Read 2nd & Rerefer 8/20/24 F Read 2nd & Rerefer 8/27/24 CO PH Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 8/27/24

This ordinance, introduced by Council Member Diamond, amends the City's Budget and Accounting Code (Chapter 106) to significantly reduce the Mayor's authority to transfer funds. Specifically, it limits the Mayor's ability to transfer funds between agency, non-department, or department line items to $100,000 per fiscal year, down from the current $500,000. Additionally, the Mayor's authority to transfer funds among capital improvement projects approved by the Council is also capped at $100,000. These changes aim to provide greater Council oversight over budgetary transfers. The ordinance also removes the requirement that such transfers must be for a specific purpose, project, or issue.

This ordinance will increase Council oversight on how city funds are moved between departments and projects, potentially leading to more transparent budget management. The reduction in the Mayor's unilateral transfer power means fewer funds can be moved without explicit Council approval.

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