Explanation
B ACKGROUND AND FISCAL IMPACT:
This legislation will authorize transfer of FEMA funds to various other funds in order to reimburse various funds for expenditures incurred in association with snow removal costs incurred in association with the record snowfall that began on March 7, 2008. Auditor of State Bulletin 98-013 requires that FEMA funds initially be placed into a special FEMA fund but goes on to allow those funds to be transferred from the FEMA fund into the funds that made the original payments for completed work. This ordinance accomplishes that task.
This ordinance is submitted as an emergency so as to allow the financial transaction to be posted in the city's accounting system as soon as possible. Up to date financial processing promotes accurate accounting and financial management.
Title
To authorize and direct the transfer of $276,081 from the FEMA March 2008 grant project to various other funds in order to reimburse the proper funds for expenditures incurred in association with the record snowfall in March 2008 and to declare an emergency. ($276,081)
Body
WHEREAS, Auditor of State Bulletin 98-013 requires that FEMA funds initially be placed into a special FEMA fund but goes on to allow those funds to be transferred from the FEMA fund into the funds that made the original payments for completed work; and
WHEREAS, in accordance with Auditor of State guidelines, it appropriate to transfer funds from the FEMA fund to various other funds in order to reimburse the proper funds for expenditures incurred in association with the record snowfall in March 2008; and
WHEREAS, this ordinance is submitted as an emergency to allow financial transactions to be properly posted, 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 amount of $276,081 is hereby transferred from the General Government Grant Fund, Fund 220, FEMA grant 458085, Dept 45, 0CA 458085, OL3 5501 to the unappropriated balance of the following funds in the following amounts:
General Fund, Fund 010, Dept 45, OCA 450015, OL3 0886: $10,525
Street Construction Maintenance Repair Fund, Fund 265, Dept. 59, OCA 059968, OL3 0886: $242,212
Recreation and Parks Operation and Extension Fund, Fund 285, Dept 51, OCA 028043, OL3 0886: $9,237
Electricity Fund, Fund 550, Dept 60, 030098, OL3 0886: $14,107
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 vetoes the same.