Explanation
BACKGROUND:
This ordinance decreases the Department of Finance and Management, Fleet Management Division internal service fund appropriations for fiscal year 2009 by $1,456,772 to equal the appropriation in customer agencies to pay for the services provided by the Fleet Management Division. The encumbrances for the customer agencies were reduced in ordinance 1545-2009. The savings to the fleet internal service fund are the result of lower fuel prices.
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. Up to date financial posting promotes accurate accounting and financial management.
FISCAL IMPACT:
This reduction in appropriations within the Fleet Management Division internal service fund is a fiscally prudent measure that will contribute to achieving a balance between the Department of Finance and Management's budget and that of the funds of its customers to pay for fleet internal service billings.
Title
To decrease appropriations in the Department of Finance and Management, Fleet Management Division internal service fleet fund for fiscal year 2009 by $1,456,772; and to declare an emergency. ($1,456,772.00)
Body
WHEREAS, the Department of Finance and Management faces a condition of imbalance between its appropriation in the internal service fleet fund and that of the funds of its customer agencies to pay fleet internal service billings; and
WHEREAS, a reduction in the Department of Finance and Management, Fleet Management Division internal service fleet fund appropriation in the amount of $1,456,772 is necessary to bring appropriations in line; and
WHEREAS, such a reduction is fiscally prudent and is reflective of lower fuel prices this fiscal year; and
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary undertake the aforementioned actions, thereby preserving the public health, peace, property, safety and welfare; Now, Therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS
SECTION 1. That the appropriation currently authorized in the Department of Finance and Management, Fleet Management Division, division 4505, internal service fleet fund, fund number 513, OCA 451347, is hereby decreased by the following:
Object level 3 - 2280, $917,766
Object level 3 - 2286, $539,006
SECTION 2. 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.