Explanation
1. BACKGROUND
The Division of Traffic Management is responsible for maintaining the city's signs, signals and pavement markings. As a part of this activity, the city receives an annual allocation of funds from the county's $5.00 Auto License Tax. The City of Columbus uses these funds for maintenance and upgrade work on arterial streets within city limits that are the responsibility of the Franklin County Engineer. The county allocates the money based on motor vehicle registrations within Columbus limits. After receipt, the city deposits the funds into its County Auto License Tax Fund (Fund 264) and the funds transferred to the Street Construction Maintenance and Repair Fund No. 265 when the maintenance activity is completed.
This ordinance authorizes the movement of funds from fund 264 to fund 265 by internal bill. This ordinance appropriates all funds in an amount necessary to carry out the purpose of this ordinance and not to exceed cash received from Franklin County in 2015.
2. FISCAL IMPACT
Actual and anticipated receipts into the County Auto License Tax Fund are estimated to be sufficient to support this appropriation and give The Division of Traffic Management the ability to invoice for time and material work done on arterial streets owned by Franklin County, and to meet revenue projections of the Street Construction Maintenance and Repair Fund which supports the Division of Traffic Management.
3. EMERGENCY DESIGNATION
The department requests emergency designation for this ordinance in order to provide for this appropriation taking effect immediately to promote efficient accounting practices and maintain prudent cash flow to division operating funds.
Title
To authorize the appropriation of funds within the County Auto License Tax Fund; to authorize the Director of Public Service to expend said monies or so much thereof as may be needed for Franklin County Engineer-approved roadway construction and maintenance projects undert...
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