Explanation
BACKGROUND:
This ordinance transfers $150,000 within the Development Department, General Fund to provide additional funds for the demolition of unsafe structures.
This ordinance is submitted as an emergency so as to allow the financial transaction 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 ordinance will authorize the transfer of $150,000 from Object Level One 01 to Object Level One 03.
Title
To authorize and direct the transfer of $150,000 within the Development Department, General Fund between object levels to provide additional funds for the demolition of unsafe structures; and to declare an emergency. ($150,000)
Body
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to transfer funds for the demolition of unsafe structures, 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 City Auditor be and is hereby authorized and directed to transfer $150,000 within the Development Department, General Fund, Fund 010, Neighborhood Services, Division 44-05, as follows:
FROM:
Object Level 1 Object Level 3 OCA Amount
01 1101 440328 $60,000
01 1101 440329 $90,000
Total: $150,000
TO:
Object Level 1 Object Level 3 OCA Amount
03 3292 440330 $150,000
Total:$150,000
Section 2. 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.