Explanation
1. BACKGROUND
This ordinance authorizes the Director of Finance and Management to amend the 2024 Capital Improvement Budget of the Department of Public Utilities for transfers that occurred during the transition from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget. This ordinance also authorizes budget amendments, transfers of cash and appropriation, and appropriation and appropriation reductions related to consolidation of small balances existing within capital funds of the Department of Public Utilities.
2. FISCAL IMPACT
This ordinance does not authorize an expenditure. Budget amendments will be made to reflect cancellations and deposits processed and ordinances approved by Council for the Department of Public Utilities during the transition from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget. Budget amendments and transfers of cash and appropriation will also be made to consolidate small balances existing within capital funds of the Department of Public Utilities.
Title
To authorize the Director of the Department of Finance and Management to amend the 2024 Capital Improvement Budget to reflect budget transactions that occurred during the transition from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget as well as to consolidate small balances within capital funds; to authorize the transfer of cash and appropriation within the Water G.O. Bond Fund, Fund 6006, the Water Permanent Improvement Non-Bond Fund, Fund 6008, the Sanitary G.O. Bond Fund, Fund 6109, the Sanitary Sewer Permanent Improvement Non-Bond Fund, Fund 6115, the Storm Sewer Bond Fund, Fund 6204, the Electricity G.O. Bond Fund, Fund 6303, and the Electricity Permanent Improvement Non-Bond Fund, Fund 6310; and to authorize the appropriation of cash and reductions in appropriation within the Water G.O. Bond Fund, Fund 6006, the Sanitary G.O. Bond Fund, Fund 6109, and the Sanitary Sewer Permanent Improvement Non-Bond Fund, Fund 6115. ($0.00)
Body
WHEREAS, the 2024 Capital Improvement Budget was recently adopted by Columbus City Council; and
WHEREAS, the Department of Public Utilities submitted ordinances for passage by City Council, processed cancellations, and received deposits during the transition period from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget which require capital budget amendments; and
WHEREAS, the Department of Public Utilities desires to consolidate certain small balances that currently exist within the Water G.O. Bond Fund, Fund 6006, the Water Permanent Improvement Non-Bond Fund, Fund 6008, the Sanitary G.O. Bond Fund, Fund 6109, the Sanitary Sewer Permanent Improvement Non-Bond Fund, Fund 6115, the Storm Sewer Bond Fund, Fund 6204, the Electricity G.O. Bond Fund, Fund 6303, and the Electricity Permanent Improvement Non-Bond Fund, Fund 6310; and
WHEREAS, it is necessary to amend the 2024 Capital Improvement Budget to reflect needed and desired amendments; and
WHEREAS, it is necessary to transfer cash and appropriation between projects within the Water G.O. Bond Fund, Fund 6006, the Water Permanent Improvement Non-Bond Fund, Fund 6008, the Sanitary G.O. Bond Fund, Fund 6109, the Sanitary Sewer Permanent Improvement Non-Bond Fund, Fund 6115, the Storm Sewer Bond Fund, Fund 6204, the Electricity G.O. Bond Fund, Fund 6303, and the Electricity Permanent Improvement Non-Bond Fund, Fund 6310, to consolidate small unencumbered cash balances that exist in certain projects within such funds; and
WHEREAS, it is necessary to appropriate cash and reduce appropriation within the Water G.O. Bond Fund, Fund 6006, the Sanitary G.O. Bond Fund, Fund 6109, and the Sanitary Sewer Permanent Improvement Non-Bond Fund, Fund 6115; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the 2024 Capital Improvement Budget authorized by Ordinance 1907-2024 be amended per the accounting template attached to this ordinance to reflect budget amendments, cancellations, and deposits for the Department of Public Utilities that occurred during the transition period from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget and to reflect consolidation of small balances within the Water G.O. Bond Fund, Fund 6006, the Water Permanent Improvement Non-Bond Fund, Fund 6008, the Sanitary G.O. Bond Fund, Fund 6109, the Sanitary Sewer Permanent Improvement Non-Bond Fund, Fund 6115, the Storm Sewer Bond Fund, Fund 6204, the Electricity G.O. Bond Fund, Fund 6303, and the Electricity Permanent Improvement Non-Bond Fund, Fund 6310.
SECTION 2. That the Director of Finance and Management or designee is authorized to make any amendments to the 2024 Capital Improvement Budget of the Department of Public Utilities within each project category as deemed necessary.
SECTION 3. That the transfer of $1,413,790.26, or so much thereof as may be needed, is hereby authorized within the Water G.O. Bond Fund, Fund 6006, the Water Permanent Improvement Non-Bond Fund, Fund 6008, the Sanitary G.O. Bond Fund, Fund 6109, the Sanitary Sewer Permanent Improvement Non-Bond Fund, Fund 6115, the Storm Sewer Bond Fund, Fund 6204, the Electricity G.O. Bond Fund, Fund 6303, and the Electricity Permanent Improvement Non-Bond Fund, Fund 6310, per the account codes in the attachment to this ordinance.
SECTION 4. That from the unappropriated monies and from all monies estimated to come into said funds from any and all sources and unappropriated for any other purpose during the fiscal year ended December 31, 2024, the sum of $0.60 is appropriated in Fund 6006 (Water G.O. Bond Fund) and the sum of $0.30 is appropriated in Fund 6109 (Sanitary G.O. Bond Fund), per the account codes in the attachment to this ordinance.
SECTION 5. That the sum of $10,716.77 of current appropriation in the Sanitary Sewer Permanent Improvement Non-Bond Fund, Fund 6115, related to transfer to an unallocated project, shall be reduced to $0.00, per the account codes in the attachment to this ordinance.
SECTION 6. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.