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 November 14, 2006 through March 19, 2007.
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 a total of $4,293.85 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 $130,180.34. ($130,180.34)
Body
WHEREAS, it is necessary to reimburse the Division of Power and Water (Power) for labor and equipment incurred in the installation of various street lighting projects;
WHEREAS, the costs from the operating fund are reimbursed through the capital bonds fund; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund; and
WHEREAS, it is necessary to authorize an amendment to the 2006 Capital Improvements Budget for purposes of providing sufficient funding and spending authority for the aforementioned project expenditures; and
WHEREAS, it has become necessary in the usual daily operation of the Department of Public Utilities, Division of Power and Water, in that it is immediately necessary 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:
670605: Independence Village SL Imp's - $412,859
670620: Underground System Rehab./Betterments - $19
670624: Pine Hills Street Lighting Imp's - $249,612
670628: Thurber Village SL Imp's - $268,884
670785: Cooper Rd. SL Imp's - $95,454
670786: Laurel Canyon SL Assessment - $0
670990: Miami Ave. Assessment - $0
670003: Street Lighting Imp's - $2,200,981
AMENDED TO:
670605: Independence Village SL Imp's - $412,898 ($39)
670620: Underground System Rehab./Betterments - $2,590 (+$2,571)
670624: Pine Hills Street Lighting Imp's - $249,649 (+$37)
670628: Thurber Village SL Imp's - $268,903 (+$19)
670785: Cooper Rd. SL Imp's - $96,670 (+$1,216)
670786: Laurel Canyon SL Assessment - $127 (+$127)
670990: Miami Ave. Assessment - $288 (+$288)
670003: Street Lighting Imp's - $2,196,684 (-$4,297)
SECTION 2. That the City Auditor is hereby authorized and directed to transfer $4,293.86 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:
Project # & Name OCA Code Amount
670607 - Italian Village Substation 670607 $ 396.00
670772 - Alternative 69KV Feed to West Substation 670772 $ 3,897.86
$ 4,293.86
TRANSFER TO:
Project # & Name OCA Code Amount
670605 - Independence Village SL Imp's 670605 $ 38.67
670620 - Underground System Rehab./Betterments 670620 $ 2,570.60
670624 - Pine Hills Street Lighting Imp's 670624 $ 36.19
670628 - Thurber Village SL Imp's 670628 $ 18.10
670785 - Cooper Rd. SL Imp's 553785 $ 1,215.70
670786 - Laurel Canyon SL Assessment 553786 $ 126.69
670990 - Miami Ave. Assessment 553990 $ 287.91
$ 4,293.86
SECTION 3. That the reimbursement (expenditure) 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 $130,180.34, 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, Object Level Three 6625, and is to be disbursed as follows:
PROJECT PROJECT OCA
NUMBER NAME CODE AMOUNT
440007 UIRF 440007 $ 987.11
670003 Street Lighting Imp's 675017 $ 124,118.77
670605 Independence Village SL Imp's 670605 $ 38.67
670620 Underground Sys. Rehab/Betterments 670620 $ 2,570.60
670624 Pine Hills Street Lighting Imp's 670624 $ 36.19
670628 Thurber Village Street Lighting Imp's 670628 $ 18.10
670776 Case Road Street Lighting Imp's 553776 $ 273.90
670777 Walnut Bluffs Street Lighting Imp's 553777 $ 506.70
670785 Cooper Rd. Street Lighting Imp's 553785 $ 1,215.70
670786 Laurel Canyon Street Lighting 553786 $ 126.69
670990 Miami Ave. Street Lighting 553990 $ 287.91
Total $ 130,180.34
SECTION 4. That this Ordinance shall take effect and be in force from and after the earliest period allowed by law.