Explanation
This ordinance authorizes the establishment of an auditor's certificate for $610,000.00 for the reimbursement of staff time related to the administration of 2011/2012 Capital Improvements Projects.
Fiscal Impact:
$610,000.00 is required and budgeted in the Voted Recreation and Parks Bond Fund to meet the financial obligations of these various expenditures.
Title
To establish an Auditor's certificate, and to authorize the expenditure of $610,000.00 from the voted Recreation and Parks Bond Fund for the reimbursement of staff time related to the administration of the balance of 2011 Capital Improvement Projects and for the 2012 CIP Staff Time. ($610,000.00)
Body
WHEREAS, staff time reimbursements related to services for Capital Improvements Administration are necessary; and
WHEREAS, funding is available for these reimbursements from unallocated balances within the Voted Recreation and Parks Bond Fund; NOW, THEREFORE:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS
Section 1. That reimbursement of staff time related to Capital Improvements Administration is necessary.
Section 2. That the expenditure of $610,000.00, or so much thereof as may be necessary, be and is hereby authorized from the Recreation and Parks Bond Fund, No. 702, Dept. 51-01, as follows, to pay the cost thereof.
Fund Project Obj. Level 3 OCA Amount
702 510017-100000 6680 721700 $125,000.00
702 510017-100004 6680 721704 $25,000.00
702 510017-100016 6680 721716 $40,400.00
702 510035-100000 6680 702035 $225,000.00
702 510035-100005 6680 723505 $19,600.00
702 510035-100010 6680 723510 $50,000.00
702 510035-100045 6680 723545 $25,000.00
702 510112-100009 6680 721209 $50,000.00
702 510229-100002 6680 722902 $50,000.00
$610,000.00
Section 3. That the City Auditor is hereby authorized to transfer the unencumbered balance in a project account to the unallocated balance account 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 are no longer required for said project; except that no transfer shall be so made from a project account funded by monies from more than one source.
Section 4. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contract or contract modifications associated with this legislation.
Section 5. That this ordinance shall take effect and be in force from and after the earliest period allowable by law.