Explanation
BACKGROUND: This legislation authorizes 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 October 1, 2010 through August 31, 2011, in the amount of $178,593.76
EMERGENCY DESIGNATION: The Department of Public Utilities is requesting City Council to consider this legislation an emergency measure, so that there will be sufficient cash to pay operating expenses through the end of the year.
FISCAL IMPACT: A transfer of cash and an amendment to the 2011 Capital Improvements Budget is necessary to establish sufficient amounts in the proper codes for this reimbursement.
Title
To authorize the City Auditor to allow the Division of Power and Water's capital bond funds to reimburse the operating fund in the amount of $178,593.76 for labor and equipment costs incurred in the installation of various street lighting; and to declare an emergency. ($178,593.76)
Body
WHEREAS, it is necessary to reimburse the Division of Power and Water (Power) operating fund 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 funds; and
WHEREAS, it is necessary to transfer funds within the Voted Street Lighting and Distribution Bond Fund for purposes of providing sufficient cash for the aforementioned reimbursement; and
WHEREAS, it is necessary to authorize an amendment to the 2011 Capital Improvements Budget for purposes of providing sufficient expenditure authority for the aforementioned reimbursement; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds from the Voted Street Lighting and Distribution Bond Fund and the Electric Build America Bonds Fund to the Power Operating Fund; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities, Division of Power and Water (Power), in that it is immediately necessary to reimburse the Power Operating Fund so that there is sufficient cash to pay operating expenses through the end of the year, and for the preservation of public health, peace, property and safety; 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 $489.08 within the Voted Street Lighting and Distribution Bond Fund, Fund No. 553, Object Level Three 6625, Division of Power and Water (Power), Division 60-07, as follows:
Project No. | Project Name | OCA | Change
670784-100000 | North High Street Circuit Imp. | 553784 | -$489.08
670778-100000 | Broad Meadows SL Imp. | 553778 | +$489.08
SECTION 2. That the City Auditor is hereby authorized and directed to transfer $76,452.67 within the Electricity Build America Bonds Fund, Fund No. 559, Object Level Three 6625, Division of Power and Water (Power), Division 60-07, as follows:
Project No. | Project Name | OCA | Change
670620-100000 | Streetlight Inspections/Betterment | 559620 | -$69,337.17
670003-100002 | Street Lighting Reimbursement |530032 | +69,337.17
Project No. | Project Name | OCA | Change
670608-100004 | Dublin Ave Sub 138KV Switch Replacement | 536084 | -$7,115.50
670781-100000 | Westgate Sylvan Street Lighting |559781 | +$7,115.50
SECTION 3. That the City Auditor is hereby authorized and directed to transfer any unencumbered balance in the project account to the unallocated balance within the same fund upon receipt of certification by the Director of the Department administering said project that the project has been completed and the monies no longer required for said project; except that no transfer shall be made from a project account by monies from more than one source.
SECTION 4. That the City Auditor is authorized to establish proper project accounting numbers as appropriate.
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. That the 2011 Capital Improvements Budget within the Voted Street Lighting and Distribution Bond Fund, Fund 553, is hereby amended as follows:
Project No. | Project Name | Current Authority | Revised Authority | Change
670784-100000 | North High Street Circuit Imp. | $3,671 | $3,181 | -$490
670778-100000 | Broad Meadows SL Imp. | $0 | $490 | +$490
SECTION 7. That the 2011 Capital Improvements Budget within the Electricity Build America Bonds Fund, Fund 559, is hereby amended as follows:
Project No. | Project Name | Current Authority | Revised Authority | Change
670620-100000 | Streetlight Inspections/Betterment | $81,202 | $11,865 | -$69,337
670003-100002 | Street Lighting Reimbursement |$101,653 | $170,990 | +69,337
Project No. | Project Name | Current Authority | Revised Authority | Change
670608-100004 | Dublin Ave Sub 138KV Switch Replacement | $49,837 | $42,721 | -$7,116
670781-100000 | Westgate Sylvan Street Lighting | $0 | $7,116 | $7,116
SECTION 8. That the City Auditor's Office hereby authorizes the reimbursement (expenditure) up to an amount not to exceed $178,593.76, or so much thereof as may be needed, from the Division of Power and Water's Electric Build America Bonds Fund and the Voted Street Lighting and Distribution Bond Fund to the Power Operating Fund, via internal bill, for labor and equipment costs incurred in the installation of various street lighting projects be and is hereby authorized from Division of Power and Water (Power), Division No. 60-07, Object Level Three 6625, and is to be disbursed as follows:
Fund No. | Project Name | Project No. | OCA | Amount
553 | Broad Meadows SL Imp. | 670778-100000 | 553778 | $489.08
559 | Street Lighting Reimbursement | 670003-100002 | 530032 | $170,989.18
559 | Westgate/Sylvan Street Lighting | 670781-100000 | 559781| $7,115.50
SECTION 9. That for 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.