Explanation
BACKGROUND: This legislation authorizes an amendment to the 2006 CIB; the transfer of funds within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund; and to authorize the City Auditor to allow the Division of Power and Water's (Power) capital bonds fund to reimburse the operating fund, for labor and equipment costs incurred in the installation of various street lighting projects from May 23, 2006 through August 10, 2006.
FISCAL IMPACT: The Division is requesting an amendment to the 2006 Capital Improvements Budget for purposes of establishing sufficient budget authority for this expenditure. In addition, this legislation includes a transfer of funds within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund.
Title
To amend the 2006 Capital Improvements Budget; to authorize the City Auditor to transfer of $38,404.26 within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund; to authorize the City Auditor to allow the Division of Power and Water's capital bond fund to reimburse the operating fund, for labor and equipment costs incurred in the installation of various street lighting projects; and to authorize the expenditure up to an amount not to exceed $38,585.22. ($38,585.22)
Body
WHEREAS, it is necessary to reimburse the Division of Power and Water (Power) for labor and equipment necessary for the installation of various street lighting projects from its operating fund; and
WHEREAS, the costs from the operating fund are reimbursed through the capital bonds fund; and
WHEREAS, it is necessary to transfer funds and budget authority within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund to provide funding in the appropriate projects for the reimbursement to the Division of Power and Water; and
WHEREAS, it is necessary to amend the 2006 Capital Improvements Budget to reflect the transfers between projects within Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Funds; and
WHEREAS, it has become necessary in the usual daily operation of the Department of Public Utilities, Division of Power and Water, to authorize the City Auditor to allow the Division of Power and Water's (Power) capital bonds fund to reimburse the operating fund, for labor and equipment costs incurred in the installation of various street lighting projects, for the preservation of 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 2006 Capital Improvements Budget is hereby amended as follows:
CURRENT:
670003: Street Lighting - $1,715,173
670628: Thurber Village Street Lighting Imp's - $267,318
670776: Case Road Street Lighting Imp's - $0
670777: Walnut Bluffs Street Lighting Imp's - $0
670785: Cooper Rd. Street Lighting Imp's - $0
AMENDED TO:
670003: Street Lighting - $1,707,806 (-$7,367)
670628: Thurber Village Street Lighting Imp's - $268,883 (+$1,565)
670776: Case Road Street Lighting Imp's - $919 (+$919)
670777: Walnut Bluffs Street Lighting Imp's - $2,507 (+$2,507)
670785: Cooper Rd. Street Lighting Imp's - $2,376 (+$2,376)
SECTION 2. That the City Auditor is hereby authorized and directed to transfer $38,404.26 within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvement Fund, Fund No. 553, Object Level Three 6625, Division of Power and Water, Division 60-07, as follows:
TRANSFER FROM: 670607 - Italian Village Street Lighting Imp's
OCA Code - 670607
TRANSFER TO:
Project # & Name OCA Code Amount
670003 - Street Lighting 675017 $ 33,921.13
670605 - Independence Village SL Imp's 670605 271.45
670628 - Thurber Village SL Imp's 670628 1,564.89
670776 - Case Road Street Lighting Imp's 553776 18.10
670777 - Walnut Bluffs Street Lighting Imp's 553777 253.35
670785 - Cooper Rd. SL Imp's 553785 2,375.34
$38,404.26
SECTION 3. That the reimbursement from the Division of Power and Water 's capital bonds fund to the operating fund, via internal bill, is hereby authorized by the City Auditor's Office, for labor and equipment costs incurred in the installation of various street lighting projects up to an amount not to exceed $38,585.22, or so much thereof as may be needed, be and is hereby authorized from Division of Power and Water (Power), Division No. 60-07, Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund, Fund No. 553, and is to be disbursed as follows:
PROJECT PROJECT OCA
NUMBER NAME CODE OL3 AMOUNT
670003 Street Lighting 675017 6625 $ 33,921.13
670605 Independence Village SL Imp's 670605 6625 $ 271.45
670624 Pine Hills Street Lighting Imp's 670624 6625 $ 180.96
670628 Thurber Village Street Lighting Imp's 670628 6625 $ 1,564.89
670776 Case Road Street Lighting Imp's 553776 6625 $ 18.10
670777 Walnut Bluffs Street Lighting Imp's 553777 6625 $ 253.35
670785 Cooper Rd. Street Lighting Imp's 553785 6625 $ 2,375.34
Total $ 38,585.22
SECTION 4. That this Ordinance shall take effect and be in force from and after the earliest period allowed by law.