Explanation
The Public Service Department, Transportation Division, routinely installs and/or constructs traffic signs and signals, school flashers and permanent pavement markings that have useful lives that meet or exceed five (5) years. As such, the labor, materials and equipment usage expenses incurred in their installation/construction can be capitalized. These expenses are initially paid from the division's operating fund, the Street Construction, Maintenance and Repair Fund. This ordinance reimburses these expenses from two of the division's capital improvements funds, the 1995, 1999 Voted Streets and Highways Fund and the Streets and Highway Improvement Fund, for work performed and/or anticipated to be performed in 2005 as follows:
billable asset / amount
traffic signs / $220,000.00
traffic signals / $350,000.00
school flashers / $100,000.00
permanent pavement markings / $125,000.00
total $795,000.00
Fiscal Impact: Some $568,196.00 of the funding needed for this ordinance has been identified from recently canceled documents that are no longer needed within the 1995, 1999 Voted Streets and Highways Fund. This ordinance transfers $428,040.27 between projects as appropriate. The current balance within the Signal Installation project in that Fund is $140,155.53. Similarly, $226,804.00 is available in the Streets and Highway Improvement Fund and this ordinance transfers $148,862.71 between projects as appropriate. Some $77,941.29 is currently available within the Roadway Improvement project in that Fund. This reimbursement is being pursued to augment operating revenue available to the Transportation Division. This reimbursement is reflected in the division's current operating fund revenue estimate and pro forma.
Emergency action is requested to allow for this reimbursement to take place in a timely manner in the interest of accurate accounting.
Title
To authorize the City Auditor to transfer $428,040.27 between projects within the 1995, 1999 Voted Streets and Highways Fund and $148,862.71 between projects within the Streets and Highways Improvement Fund; to authorize the Public Service Director to reimburse the Street Construction, Maintenance and Repair Fund $795,000.00 for costs incurred in connection with the 2005 installation and/or construction of traffic signs, traffic signals, school flashers and permanent pavement markings that can be capitalized for the Transportation Division; to authorize the expenditure of $568,196.00 from the 1995, 1999 Voted Streets and Highways Fund and $226,804.00 from the Streets and Highways Improvement Fund for this purpose and to declare an emergency. ($795,000.00)
Body
WHEREAS, the Transportation Division routinely installs and/or constructs traffic signs and signals, school flashers and permanent pavement markings that have useful lives that meet or exceed five (5) years; and
WHEREAS, the labor, materials and equipment usage expenses inherent in their installation/construction can be capitalized; and
WHEREAS, these expenses are initially paid from the division's operating fund, the Street Construction, Maintenance and Repair Fund; and
WHEREAS, this ordinance reimburses these expenses from division capital improvements funds; and
WHEREAS, this reimbursement is being pursued to augment operating revenue available to the Transportation Division; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Service, Transporation Division, in that it is immediately necessary to pursue this reimbursement in the interest of accurate accounting, thereby preserving the public health, peace, property, safety and welfare; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor be and hereby is authorized to transfer $428,040.47 between projects within Fund 704, the 1995, 1999 Voted Streets and Highways Fund, Department No. 59-09, Transportation Division, Object Level Code One 06, Object Level Three Code 6600, OCA Code 644385 as follows:
TRANSFER FROM
project# / project / amount
440005 / Urban Infrastructure / $76,897.74
530021 / Urban Infrastructure / $4,699.43
530161 / Roadway Improvements / $8,552.50
540002 / Bikeway Development / $110,071.97
590106 / I-670 Retail Cap / $227,818.83
Total Transfer From: $428,040.47
TRANSFER TO
project# / project / amount
540007 / signal installation / $203,040.47
590105 / pedestrian safety improvements / $100,000.00
540013 / permanent pavement markings / $125,000.00
Total Transfer To: $428,040.47
SECTION 2. That the City Auditor be and hereby is authorized to transfer $148,862.71 between grants within Fund 766, the Streets and Highway Improvement Fund, Department No. 59-09, Transportation Division, Object Level Code One 06, Object Level Three Code 6600 as follows:
TRANSFER FROM
project#/ project / OCA Code / amount
766999 / Unallocated Balance / 766999 / $148,862.71
Total Transfer From: $148,862.71
TRANSFER TO
project# / project / OCA Code / amount
530161 / roadway improvements / 530161 / $148,862.71
Total Transfer To: $148,862.71
SECTION 3. That the Public Service Director be and hereby is authorized to reimburse the Street Construction, Maintenance and Repair Fund $795,000.00 for costs incurred in connection with the installation and/or construction of traffic signs, traffic signals, school flashers and permanent pavement markings that can be capitalized for the Transportation Division as follows:
billable asset / amount
traffic signs / $220,000.00
traffic signals / $350,000.00
school flashers / $100,000.00
permanent pavement markings / $125,000.00
total $795,000.00
SECTION 4. That the expenditure of $568,196.00 be and hereby is authorized from Fund 704, the 1995, 1999 Voted Streets and Highways Fund, Department No. 59-09, Transportation Division, Object Level One Code 06, Object Level Three Codes 6622 ($343,196.00) and 6631 ($225,000.00), OCA Code 644385 and Projects 540007 (signal installation) ($343,196.00), 590105 (pedestrian safety improvements) ($100,000.00) and 540013 (permanent pavement markings) ($125,000.00) to pay the cost thereof.
SECTION 5. That the expenditure of $226,804.00 be and hereby is authorized from Fund 766, the Streets and Highway Improvement Fund, Department No. 59-09, Transportation Division, Object Level One Code 06, Object Level Three Code 6622 ($220,000.00) and Object Level Three Code 6631 ($6,804.00), OCA Code 530161 and Project 530161 to pay the cost thereof.
SECTION 6. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby 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 nor vetoes the same.