Explanation
This legislation transfers a total of $1,900,000.00 from Object Level One 01 to Object Level One 02 within the Water System Operating Fund 600. The need to transfer funding within the operating budget was identified in the third quarter budget review. The transfer is requested to cover anticipated expenses for water treatment chemicals at the Dublin Road Water Plant, Parsons Avenue Water Plant, and the Hap Cremean Water Plant for the remainder of the 2006 Fiscal Year. Estimated cost for water treatment chemicals during 2006 has been higher than anticipated and additional funding is required to pay invoices through March 31, 2007. Actual strength within the water enterprise fund has been lower than budgeted resulting in a surplus in salary codes.
This legislation is requested to be an emergency so that funding will be made available as soon as possible so as not to have any break in procurement of water treatment chemicals for the Division of Power and Water.
FISCAL IMPACT: Sufficient appropriation is available in Object Level One 01 for this requested transfer to Object Level One 02.
Title
To authorize the City Auditor to transfer of $1,900,000.00 within the Water System Operating Fund to align budget authority with projected expenditures and to declare an emergency. ($1,900,000.00)
Body
WHEREAS, anticipated expenditures with Character 02 for the remainder of the 2006 Fiscal Year necessitates the transfer of funds within the Water System Operating Fund; and,
WHEREAS, available appropriation in Object Level One 01 can be transferred to Object Level One 02; and,
WHEREAS, an emergency exists in the usual daily operations of the Division of Power and Water, Department of Public Utilities, in that it is immediately necessary to transfer appropriation within the Water System Operating Fund for the immediate preservation of the public health, peace, property, safety, and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section l. That the City Auditor be and is hereby authorized and directed to transfer $1,900,000.00 within the Water System Operating Fund 600, Dept/Div. No. 60-09 as follows:
FROM
OCA Code: 602730
Object Level One 01
Object Level Three 1000
Amount: $1,900,000.00
Total From 01: $1,900,000.00
TO:
OCA Code: 602029
Object Level One 02
Object Level Three 2204
Amount: $1,900,000.00
Total To 02: $1,900,000.00
Section 2. 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 disapproves the same.