SEATTLE CITY COUNCIL - Record No: CB 118527

• Record No: CB 118527
• Version: 1
• Council Bill No: CB 118527
• Type: Ordinance (Ord)
• Status: Passed
• Current Controlling Legislative Body: City Clerk
• On agenda: 11/23/2015
• Ordinance No: Ord 124921
• Title: AN ORDINANCE relating to financial management practices; amending Section 5.08.020 of the Seattle Municipal Code and repealing Section 5.08.025 and Chapter 5.33 of the Seattle Municipal Code.
• Sponsors: Nick Licata
• Supporting documents: 1. Signed Ord 124921

Date	Ver.	Action By	Action	Result
12/1/2015	1	City Clerk	attested by City Clerk
12/1/2015	1	Mayor	returned
12/1/2015	1	Mayor	Signed
11/30/2015	1	City Clerk	submitted for Mayor's signature
11/23/2015	1	City Council	passed	Pass
11/23/2015	1	Select Budget Committee	pass	Pass
10/26/2015	1	City Council	referred
10/20/2015	1	City Clerk	sent for review
9/28/2015	1	Mayor	Mayor's leg transmitted to Council

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to financial management practices; amending Section 5.08.020 of the Seattle Municipal Code and repealing Section 5.08.025 and Chapter 5.33 of the Seattle Municipal Code.
body
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. Section 5.08.020 of the Seattle Municipal Code, last amended by Ordinance 123361, is amended as follows:
5.08.020 Transfer between ((operating)) budget control levels ((appropriations.))
A. ((Within the operating budget of the City, t))The City Budget Director may approve only transfers of appropriations that meet all of the following criteria:
1. The appropriation was made for the same department to which the City Budget Director allows the appropriation to be transferred. For purposes of this subsection 5.08.020.A.1, a board or commission whose budget is not provided within the budget of a City department shall be deemed a department.
2. The amount of the appropriation transferred, together with all previous transfers during the same budget year to that budget ((item)) control level, does not exceed ten percent of the original budgeted allowance for the budget ((item)) control level to which the transfer is made.
3. The transfer will not result in a cumulative annual net transfer of more than $500,000 of appropriation into the budget for any one budget ((item)) control level.
4. The amount of the appropriation transferred, together with all previous transfers during the same budget year from that budget ((item)) control level, does not exceed 25 percent of the original budget allowance for the budget ((item)) control level from which the transfer is made.
5. The new purpose of the appropriation must be a legal use of that fund source, must comply with terms, conditions, and restrictions controlling the expenditure of the appropriation so tra...