Explanation
BACKGROUND AND FISCAL IMPACT:
The Department of Finance and Management has identified the need to transfer and increase appropriations related to employee benefits in order to properly align appropriations with projected expenditures. It is necessary to transfer $7,649,611.00 among divisions within the general fund, to transfer and increase appropriations in the amount of $1,118,290.00. in certain non-general fund departments and divisions, and to transfer cash and appropriations in the amount of $1,087,587.00 in the Rec and Parks Operating Fund to allow divisions to continue to operate without interruption through the end of 2025.
EMERGENCY DESIGNATION
This ordinance is submitted as an emergency so as to allow these financial transactions to be posted in the city's accounting system as soon as possible to allow divisions to operate without interruption through the end of 2025. Up to date financial posting promotes accurate accounting and financial management.
Title
To authorize and direct the City Auditor to provide for the transfer of $7,649,611.00 in appropriation within the general fund; to transfer and increase appropriation in the amount of $1,118,290.00 in certain non-general fund departments and divisions; to transfer cash and appropriation in the amount of $1,087,587.00 in the Rec and Parks Operating Fund; and to declare an emergency ($9,855,488.00).
Body
WHEREAS, The Department of Finance and Management has identified the need to transfer appropriations related to employee benefits in order to properly align appropriations with projected expenditures; and
WHEREAS, it is necessary to transfer and increase appropriation between objects, divisions, and funds in order to allow divisions to continue to operate through the end of 2025; and
WHEREAS, this ordinance is submitted as an emergency so as to allow the financial transactions to be posted in the City's accounting system as soon as possible, promoting accurate accounting and financial management; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Finance and Management in that it is immediately necessary to authorize the City Auditor to transfer appropriations to allow departments and divisions to operate without interruption through the end of 2025, all for the immediate preservation of the public, health, peace, property, safety and welfare; and Now, Therefore;
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor is hereby authorized and directed to transfer $7,649,611.00 of appropriation between various divisions within the general fund, fund 1000, subfund 100010 according to the account codes in the following:
Attachment: Ord 2283-2025 Funding Template
SECTION 2. That the City Auditor is hereby authorized and directed to increase and transfer appropriations in the amount of $1,118,290.00 within various funds, according to the account codes in the following:
Attachment: Ord 2283-2025 Funding Template
SECTION 3. That the Rec and Parks Operating Fund appropriations are increased and the transfer of $1,087,587.00, or so much thereof as may be needed in regard to the action authorized in Section 1, is hereby authorized within the Rec and Parks Operating Fund 2285 per the accounting codes in the attachment to this ordinance.
SECTION 4. That the monies appropriated in the foregoing sections shall be paid upon the order of the director of said department and that no order shall be drawn or money paid except upon voucher, the form of which shall be approved by the City Auditor.
SECTION 5. That the City Auditor is authorized to make any accounting changes to revise the financial information for all actions authorized in this ordinance.
SECTION 6. 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.