Title
To authorize and direct the City Auditor to appropriate and transfer $842,415.00 from the Special Income Tax Fund to Safety Bond Fund; to transfer said funds to the General Government Grant Fund to provide grant matching funds for the purchase of self contained breathing apparatus; to amend the 2003 Capital Improvement Budget, and to declare an emergency. ($842,415.00)
Explanation
BACKGROUND This ordinance authorizes and directs the City Auditor to appropriate and transfer $842,415.00 from the Special Income Tax Fund to the Safety Bond Fund. Said funds will then be transferred from the Safety Bond Fund to the General Government Grant Fund to provide grant matching funds for the Division of Fire's grant award from FEMA for the purchase of self contained breathing apparatus. Ordinance 2698-2003 passed 12/15/2003 accepted the grant from FEMA in the amount of $750,000. This ordinance also amends the CIB.
Bid Information: N/A
Contract Compliance: N/A
Emergency Designation: This legislation is to be considered an emergency measure since it is imperative that grant matching funds be provided in the General Government Grant Fund in a timely fashion in adherence to the grant provisions.
FISCAL IMPACT: This transfer amount of $842,415 is part of the recommended 2004-2009 recommended CIP. This transfer from the special income tax is only a temporary measure until bonds are sold in 2004, at which time the SIT will be reimbursed for this transaction.
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WHEREAS, funds are needed to accommodate a grant match for a grant award from FEMA for the Fire Division to purchase self contained breathing apparatus; and
WHEREAS, these funds need to be appropriated and transferred from the Special Income Tax Fund to the Safety Bond Fund, and from the Safety Bond fund to the General Government Grant Fund; and
WHEREAS, the City will sell notes or bonds to fund this project and will reimburse the Special Income Tax Fund; and
WHEREAS, this transfer should be considered as a temporary funding method; and
WHEREAS, the aggregate principal amount of obligations which the City will issue to finance this purchase is presently expected not to exceed $842,415.00; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Safety, Division of Fire, in that it is immediately necessary to transfer funds for the aforementioned purpose 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 sum of $842,415.00 be and is hereby appropriated from the unappropriated balance of the Special Income Tax Fund, Fund 430, and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ending December 31, 2004 to the City Auditor, Department 22-01; OCA Code 902023; Object Level One 10, Object Level Three 5502.
Section 2. That the amount of $842,415.00 is hereby transferred and appropriated to the Safety Bond Fund 701; OCA Code 644559; Project 340110 - Fire Self Contained Breathing Apparatus; Object Level 3 6641.
Section 3. That the City Auditor is hereby authorized to transfer said funds to the General Government Grant Fund at such time as is deemed necessary by the City Auditor, and to expend said funds, or so much thereof as may be necessary.
Section 4. That the amount of $842,415.00 is hereby transferred and appropriated from the Safety Bond Fund 701; OCA Code 644559; Project 340110 - Fire Self Contained Breathing Apparatus; Object Level 3 6641 to the General Government Grant Fund 220; OCA 344004; Object Level 1 06; Object Level 3 6641.
Section 5. That the 2003 Capital Improvement budget, ordinance No. 1643-03, is hereby amended as follows: Fund No. 701, Project name: Self Contained Breathing Apparatus Replacement, Current CIB:$0, Amended CIB: $842,415.
Section 6. That upon obtaining other funds for the General Government Grant Fund, the City Auditor is hereby authorized and directed to repay the Special Income Tax Fund the amount transferred under Section 2, above, and said funds are hereby deemed appropriated for such purpose.
Section 7. That the City Auditor is authorized to establish proper accounting project numbers, and to make any accounting changes to revise the funding source for any contract or contract modification associated with the expenditure of funds transferred in Section 2, above.
Section 8. The City intends that this ordinance constitute an "official intent" for purposes of Section 1.150-2(e) of the Treasury Regulations promulgated pursuant to the Internal Revenue Code of 1986, as amended.
Section 9. 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.