Explanation
Background: This ordinance authorizes a contract in the amount of $500,000 with Columbus2020! These funds are intended to provide city resources for the improvement of the Columbus City Schools.
Fiscal Impact: Funds for this contract ($500,000.00) are fully budgeted in the 2013 Department of Finance and Management general fund operating budget. This ordinance transfers these funds from the citywide account to the services character for more accurate expenditure tracking. This is continguent on the passage of the 2013 general fund budget.
Title
To authorize the transfer of funds within the Department of Finance and Management, Division of Financial Management general fund and to authorize the Director of the Department of Finance and Management to enter into contract with Columbus2020! to provide support for the improvement of the Columbus City Schools and to authorize the expenditure of $500,000.00 from the general fund. ($500,000.00)
Body
WHEREAS, the City of Columbus understands that for our city to continue to prosper, our community must provide high quality public education to our children; and
WHEREAS, the city realizes that our community's largest public school district, Columbus City Schools, must continue to improve the quality of education for our children; and
WHEREAS, in September, 2012, the Mayor and City Council President announced their intention to involve the city in a community effort to improve the quality of education and, then, held a series of public briefings to assess, understand, and consider ways to meet the needs of children in Columbus City Schools; and
WHEREAS, the city understands the education of our children is the community's responsibility and must work to both improve Columbus City Schools and also call upon our neighborhood, social services, faith, philanthropic, and business leaders to help in the education of our children; and
WHEREAS, in December, 2012, the Mayor and City Council President created the Columbus Education Commission with the charge to develop specific recommendations that will: enable all of our children to succeed in the city's vibrant, growing economy; make Columbus a global leader in developing the highly skilled, creative, entrepreneurial workforce that will propel economic growth in the 21st century, and leverage the resourcefulness of our entire community to meet these goals;
WHEREAS, a transfer of funds within the general fund, citywide account to the services character is necessary for more accurate program expenditure tracking; now, therefore:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS, OHIO:
Section 1. That the City Auditor is hereby authorized to transfer $500,000.00 as follows:
From: Department of Finance and Management, Financial Management Division, Division No. 45-01, General Fund, Fund 010, Object Level One 10, Object Level Three 5501, OCA Code 904508.
To: Department of Finance and Management, Financial Management Division, Division No. 45-01, General Fund, Fund 010, Object Level One 03, Object Level Three 3336, OCA Code 450015.
Section 2. That for the purpose stated in Section 3, the expenditure of $500,000.00 or so much thereof as may be necessary, be and is hereby authorized to be expended from the Department of Finance and Management, Financial Management Division, Division No. 45-01, General Fund, Fund 010, Object Level One 03, Object Level Three 3336, OCA Code 450015.
Section 3. That the Director of the Department of Finance and Management is authorized to enter into a contract with Columbus2020! for activities associated with improving the Columbus City Schools.
Section 4. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
Section 5. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance.
Section 6. This ordinance shall take effect and be in force from and after the earliest period allowed by law.