Explanation
This ordinance authorizes the transfer of $221,530.00 within the General Fund. This transfer is needed to align budgetary appropriations with anticipated expenditures for Fiscal Year 2024. The Department of Finance and Management routinely monitors appropriations, encumbrances and expenditures across city departments and agencies and makes transfers of cash and appropriations when appropriate to ensure proper budget alignment.
Fiscal Impact: This ordinance authorizes the transfer of $221,530.00 within the General Fund. No expenditures are requested in this ordinance.
Emergency action is requested so that necessary transfers can be processed as quickly as possible to ensure that budgetary appropriations are properly aligned with anticipated expenditures.
Title
To authorize the City Auditor to transfer $221,530.00 between Departments within the General Fund 1000 Operating Subfund 100010, in order to align budgetary appropriations with anticipated expenditures for Fiscal Year 2024; and to declare an emergency ($221,530.00)
Body
WHEREAS, the transfer of $221.530.00 within the General Fund is needed to align budgetary appropriations with anticipated expenditures for Fiscal Year 2024; 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 and appropriate funds with the General Fund so that such transfers can be processed as quickly as possible to ensure that budgetary appropriations are properly aligned with anticipated expenditures, all for the immediate preservation of the 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 to transfer appropriation between Departments within the General Fund 1000, Operating Subfund 100010 in the amount of $221,530.00 per the account codes in the attachment to this ordinance.
SECTION 2. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
SECTION 3. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts, contract modifications, or transfers associated with this ordinance.
SECTION 4. That for reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared 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.