Explanation
1.) BACKGROUND:
This legislation is to authorize and direct the City Auditor to transfer cash, $518,733.32, within Fund 668, the Sanitary B.A.B.s (Build America Bonds) Fund and to amend the 2009 Capital Improvement Budget for the Division of Sewerage and Drainage for Capital Improvement Projects: 650460-100000; 650745-100000; 650350-100001; and 650404-100039.
The project, CIP 650460-100000 - Ordinance 1112-2009, currently has certifications against the reserves in the amount of $2,627,494.32. The bond sale deposits will total only $2,502,854. This will leave a shortfall of $124,641. This legislation authorizing this transfer will address the shortfall.
The project, CIP 650745-100000 - Ordinance 1331-2009, will have certifications against the reserves in the amount of $2,079,156. The bond sale deposits will total $1,725,000 for this project. This will leave a shortfall of $354,156. This legislation will address this shortfall.
The project, CIP 650350-100001 - Ordinance 0607-2009, has certifications against the reserves in the amount of $221,820.00. It was determined that there were Non-Eligible WPCLF costs of $27,727.00 involved with this project. This legislation will address the non-eligible cost by transferring cash and budget authority within Fund 668 based upon authority already approved by City Council.
The project, CIP 650350-100001 - Ordinance 0871-2009, has certifications against the reserves in the amount of $78,960. It was determined that there were Non-Eligible WPCLF costs of $9,870.00 involved with this project. This legislation will address the non-eligible cost by transferring cash and budget authority within Fund 668 based upon authority already approved by City Council.
The project, CIP 650404-100039 - Ordinance 0978-2009, has certifications against the reserves in the amount of $1,912,855.44. It was been determined that there were Non-Eligible WPCLF costs of $2,340.00 involved with this project. This legislation will address the non-eligible cost by transferring cash and budget authority within Fund 668 based upon authority already approved by City Council.
FISCAL IMPACT: This ordinance authorizes the transfer of funds within the Sanitary B.A.B.s (Build America Bonds) Fund and amends the 2009 CIB.
CONTRACT COMPLIANCE NUMBER: NA
EMERGENCY DESIGNATION: The Department of Public Utilities is requesting that this ordinance be made an emergency measure in order to correct the funding shortfall and prevent any possible project funding delays.
Title
To authorize and direct the City Auditor to transfer $518,733.32 within the Sanitary B.A.B.s (Build America Bonds) Fund; to amend the 2009 Capital Improvement Budget for the Division of Sewerage and Drainage; and to declare an emergency. ($0)
Body
WHEREAS, it is necessary to authorize and direct the transfer of cash in the amount of $518,733.32 within the Sanitary B.A.B.s (Build America Bonds) Fund for purposes of providing sufficient funding for the sanitary sewer capital improvement projects; and
WHEREAS, it is necessary to authorize an amendment to the 2009 Capital Improvement Budget for purposes of providing sufficient funding and expenditure authority for the aforementioned project expenditures; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities, Division of Sewerage and Drainage, that the Department request that City Council authorize the City Auditor to transfer cash in the amount of $518,733.32 within the Sanitary B.A.B.s (Build America Bonds) Fund for purposes of providing sufficient funding for the sanitary sewer capital improvement projects, and to amend the 2009 Capital Improvement Budget for the preservation of 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 is hereby authorized to transfer $518,733.32 within the Department of Public Utilities Division of Sewerage and Drainage, Dept/Div. No. 60-05, Sewerage and Drainage Sanitary B.A.B.s (Build America Bonds) Fund, Fund No. 668, Object Level Three 6676, as follows:
From:
Project No. | Project Name | OCA Code | change
650350-100002 | SWWTP Corrosion Prevention & Protection | 652350 | (-$478,796.32)
650100-100000 | Sanitary Sewer Contingency | 668100 | (-$39,937.00)
To:
Project No. | Project Name | OCA Code | change
650460-100000 | Sewer System Capacity Model Update 2006 | 668460 | (+$124,640.32)
650745-100000 | General Construction Contract | 664745 | (+$354,156.00)
650350-100001 | JPWWTP Incinerator Hydraulic Scrubber Conversion | 652350 (+$37,597.00)
650404-100039 | RiverSouth Phase II | 654439 | (+$2,340.00)
Section 2. That the 2009 Capital Improvements Budget Ordinance No. 0806-2009 is hereby amended as follows, to provide sufficient budget authority for the Capital Improvement Projects listed herein:
Amend the 2009 Capital Improvement Budget (CIB) to Read:
Project No. | Project Name | Current Authority | Revised Authority | (Change)
650350-100002 | SWWTP Corrosion Prevention & Protection | $145,844 | $21,203 | (-$124,641)
650100-100000 | Sanitary Sewer Contingency | $650,000 | $610,063 | (-$39,937)
650350-100001 | JPWWTP Incinerator Hydraulic Scrubber Conversion | $-0- | $37,597 | (+$37,597)
650404-100039 | RiverSouth Phase II | $799,267 | $801,607 | (+$2,340)
Section 3. That the City Auditor is authorized to establish proper project accounting numbers as appropriate.
Section 4. 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 5. 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 day after passage if the Mayor neither approves nor vetoes the same.