Explanation
BACKGROUND:
This ordinance reduces appropriations equal to $800,000.00 within the Department of Technology (DoT), Director's Office direct charge budget for the Department of Public Utilities, Division of Water. A surplus greater than $800,000.00 in the division's direct charge supplies, services and capital outlay budget was identified in the 2010 3rd quarter review. The Division of Water needs to unencumber these funds to have sufficient cash to meet their service category needs for the balance of 2010.
This ordinance is submitted as an emergency measure to allow the financial transaction to be posted in the city's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
FISCAL IMPACT:
An appropriation reduction of $800,000.00 will be made in the Division of Water's direct charge budget within the Department of Technology, Director's Office internal service fund to permit savings in internal services billings so that funds will be available for other critical expenditures with the Division of Water services budget. Savings in this area were identified in and are consistent with the 2010 3rd quarter financial review.
Title
To authorize and direct the City Auditor to decrease appropriations by $800,000.00 within the Department of Technology, internal services fund for fiscal year 2010; and to declare an emergency. ($800,000.00)
Body
WHEREAS: the 3rd quarter financial review identified surpluses in the Department of Technology direct charge budget in the Department of Public Utilities, Division of Water greater than $800,000.00, and
WHEREAS: an $800,000.00 appropriation reduction within the Department of Technology internal service fund is necessary to permit these savings to become available to the Division of Water for other important services needs; and
WHEREAS: an encumbrance originally established for Department of Technology internal billings for the Department of Public Utilities, Division of Water will be cancelled; and
WHEREAS: an emergency exists in he usual daily operation of the City of Columbus in that it is immediately necessary to undertake the aforementioned action, thereby preserving the public health, property, safety and welfare; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1: That appropriation authorized in the Department of Technology, Director's Office, Department 47-01, Information Services fund number 514, Subfund 600, OCA 514600, is hereby decreased by $800,000.00 as follows:
Dept./ Division: 47-01
Fund: 514
OCA: 514600
OL1 02 / Obj. Level 3 - 2000: $100,000
OL1 03 / Obj. Level 3 - 3000: $600,000
OL1 06 / Obj. Level 3 - 6000: $100,000
SECTION 2: That encumbrance EA007848-003 be and is hereby decreased by $800,000, thereby releasing said funds for various services expenditures in he Department of Public Utilities, Division of Water.
SECTION 3: That for the reasons stated in he preamble hereto, which is hereby made a part hereof, this ordinance is declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor or ten days after passage if the Mayor neither approves not vetoes the same.