Explanation
BACKGROUND AND FISCAL IMPACT:
As part of the 2024 third quarter financial review, the Department of Finance and Management identified surpluses and deficits in various object classes in several divisions. In order to properly align appropriations with projected expenditures and allow divisions to operate without interruption through the end of 2024, it is necessary to transfer $49,632,500.00 among divisions within the general fund and $2,188,000.00 in certain non-general fund departments and divisions.
Object class surpluses and deficits were projected as part of the third quarter financial review. This ordinance makes transfers to reflect these projections. The amounts may not mirror the third quarter review exactly due to transfers that have occurred in the interim as well as adjustments made in projections since the completion of the review.
This ordinance also authorizes appropriation transfers and additional appropriations for certain non-general fund departments and divisions in order to provide appropriations in the necessary object classes for the remainder of the fiscal year.
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 2024. 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 $49,632,500.00 within the general fund; to transfer $2,188,000.00 in appropriations between objects in certain non-general fund departments and divisions; to authorize appropriations within the Neighborhood Initiatives subfund; to authorize transfers between funds of $650,000.00; to authorize an appropriation within the Recreation and Parks Operating fund and the Employee Benefits fund, and to declare an emergency ($52,470,500.00).
Body
WHEREAS, the third quarter financial review, conducted by the Department of Finance and Management, identified projected surpluses and deficits in various object classes of several general fund and non-general fund divisions; and
WHEREAS, it is necessary to transfer funds between objects, divisions and funds in order to allow divisions to continue to operate through the end of 2024; 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 funds, and make additional appropriations to allow departments and divisions to operate without interruption through the end of 2024, 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 $49,632,500.00 between various divisions and object classes within the general fund, fund 1000, subfund 100010 according to the account codes in the following:
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 2. That the City Auditor is hereby authorized and directed to transfer appropriations in the amount of $603,000.00 within the Health operating fund, fund 2250, subfund 000000, according to the account codes in the following:
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 3. That the City Auditor is hereby authorized and directed to transfer appropriations in the amount of $170,000.00 within the Recreation and Parks operating fund, fund 2285, subfund 000000, according to the account codes in the following:
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 4. That the City Auditor is hereby authorized and directed to transfer appropriations in the amount of $158,000.00 within the Building and Zoning Development Services fund, fund 2240, subfund 000000, according to the account codes in the following:
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 5. That the City Auditor is hereby authorized and directed to transfer appropriations in the amount of $10,000.00 within the Property Management fund, fund 2294, subfund 229401, according to the account codes in the following:
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 6. That the City Auditor is hereby authorized and directed to transfer appropriations in the amount of $84,000.00 within the Construction Inspection fund, fund 5518, subfund 000000, according to the account codes in the following:
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 7. That the City Auditor is hereby authorized and directed to transfer appropriations in the amount of $443,000.00 within the Fleet Management Services fund, fund 5200, subfund 520001, according to the account codes in the following:
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 8. That the City Auditor is hereby authorized and directed to transfer appropriations in the amount of $720,000.00 within the various Utilities Operating funds, according to the account codes in the following:
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 9. That the Auditor is hereby authorized and directed to appropriate $230,000.00 within the Neighborhood Initiatives subfund, fund 1000, subfund 100018, per the accounting codes in the attachment to this ordinance.
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 10. That the Auditor is hereby authorized and directed to transfer $230,000.00 from the Neighborhood Initiatives subfund, fund 1000, subfund 100018, to the Recreation and Parks operating fund, fund 2285, per the accounting codes in the attachment to this ordinance.
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 11. That the Auditor is hereby authorized and directed to appropriate $230,000.00 within the Recreation and Parks operating fund, fund 2285, per the accounting codes in the attachment to this ordinance.
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 12. That the Auditor is hereby authorized and directed to transfer $395,000.00 from the Finance Citywide, fund 1000, subfund 100010, to the Property Management fund, fund 2294, subfund 229401 per the accounting codes in the attachment to this ordinance.
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 13. That the Auditor is hereby authorized and directed to transfer $25,000.00 from the Finance Citywide, fund 1000, subfund 100010, to the Employee Benefits fund, fund 5502, subfund 550201 per the accounting codes in the attachment to this ordinance.
SECTION 14. That the Auditor is hereby authorized and directed to appropriate $25,000.00 within the Employee Benefits fund, fund 5502, subfund 550201 per the accounting codes in the attachment to this ordinance.
Attachment: 2024 3rd qtr trx.xlsx 2024 3rd Qtr TRX Amended
SECTION 15. 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 16. That the City Auditor is authorized to make any accounting changes to revise the financial information for all actions authorized in this ordinance.
SECTION 17. 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.