Explanation
BACKGROUND: This legislation appropriates funds from the King Lincoln Theater Fund to provide funding for utilities and refund of revenue. Lease payments were deposited into this fund that should have been paid directly to the Lincoln Theatre Association.
Emergency action is necessary so that utility payments can be made and the accounts can be closed as soon as possible.
FISCAL IMPACT: This ordinance appropriates $15,675 from the unappropriated balance of the King Lincoln Theater Fund.
Title
To authorize an appropriation of $15,675 from the unappropriated balance of the King Lincoln Theater Fund to the Department of Development to provide funds for the refund of revenue and payment of utilities; and to declare an emergency. ($15,675.00)
Body
Whereas, Fund 223, Subfund 138, was established for the operation of the Lincoln Theater; and
Whereas, this legislation appropriates funds from the King Lincoln Theater Fund to provide funding for utilities and refund of revenue; and
Whereas, lease payments were deposited into this fund that should have been paid directly to the Lincoln Theatre Association; and
Whereas, it is necessary to appropriate funds; and
Whereas, an emergency exists in the daily operation of the Department of Development in that it is immediately necessary to appropriate said funds so that utility payments can be made and the accounts can be closed as soon as possible, all 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 from the unappropriated monies in the King Lincoln Theater Fund, Fund 223, Subfund 138, and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ending December 31, 2009, the sum of $15,675 is hereby appropriated to the Department of Development, Administration Division, Division No. 44-01, OCA Code 223138, as follows:
Object Level One 03 / Object Level Three 3311 / Amount: $11,000
Object Level One 05 / Object Level Three 5512 / Amount: $4,675
Section 2. That the monies appropriated in the foregoing Section 1 shall be paid upon order of the Development Director; and that no order shall be drawn or money paid except by voucher, the form of which shall be approved by the City Auditor.
Section 3. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is 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.