Explanation
Background: This ordinance authorizes the transfer of monies between projects within the Information Services Bond Fund, the Storm Sewer Bond Fund, the 1991 Sanitary Sewer Voted Bond Fund, and the 1995, 1999 Voted Streets and Highways Capital Fund. This will align the funds issued in the 2004 bond sale with prior certifications against the Special Income Tax Fund (SIT) and Reserve Funds. The City Auditor's Office requested this transfer of monies. The 2004 CIB is amended accordingly.
Emergency action: 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 legislation will align the monies issued in the 2004 bond sale with prior certifications against the SIT Fund and Reserve Funds.
Title
To authorize the transfer of monies between projects within the Information Services Bond Fund, the Storm Sewer Bond Fund, the1991 Sanitary Sewer Voted Bond Fund, and the 1995, 1999 Voted Streets and Highways Capital Fund. To align the funds issued in the 2004 bond sale with prior certifications against the Special Income Tax Fund (SIT) and Reserve Funds; to amend the 2004 Capital Improvements Budget (CIB); and to declare an emergency. ($1,043,506.76)
Body
WHEREAS, it is necessary to align the monies issued in the 2004 bond sale with prior certifications against the Special Income Tax Fund (SIT) and Reserve Funds; and
WHEREAS, a transfer of monies within the Information Services Bond Fund, the Storm Sewer Bond Fund, the 1991 Sanitary Sewer Voted Bond Fund, and the 1995, 1999 Voted Streets and Highways Capital Fund is required; and
WHEREAS, the 2004 Capital Improvements Budget (CIB) is hereby amended to reflect the abovementioned transfers,
BE IT ORDANIED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor is hereby authorized and directed to transfer monies within the Information Services Bond Fund as follows:
FROM:
Dept/Div: 47-02 | Fund 514 | Project Number: 470005 | Project Name: System Migration LBS 12/96 | Amount: $250,000.00
TO:
Dept/Div: 47-02 | Fund 514 | Project Number: 470022 | Project Name: Windows 2003 Operating/Server | Amount: $250,000.00
SECTION 2. That the City Auditor is hereby authorized and directed to transfer monies within the Storm Sewer Bonds Fund as follows:
FROM:
Dept/Div: 60-15 | Fund 685 | Project Number: 610974 | Project Name: Woodland & Fifth Ave Area | Amount: $97,516.81
TO:
Dept/Div: 60-15 | Fund 685 | Project Number: 610542 | Project Name: 6th, 7th, Rarig Ave. Project | Amount: $0.39
Dept/Div: 60-15 | Fund 685 | Project Number: 610703 | Project Name: Foster St Storm System Imp | Amount: $0.10
Dept/Div: 60-15 | Fund 685 | Project Number: 610748 | Project Name: Oakland Park Ave SSI | Amount: $27,297.00
Dept/Div: 60-15 | Fund 685 | Project Number: 610749 | Project Name: Canyon Drive/Glenmont Ave SSI | Amount: $27,170.02
Dept/Div: 60-15 | Fund 685 | Project Number: 610750 | Project Name: Clintonville Area Misc SSI | Amount: $2,557.45
Dept/Div: 60-15 | Fund 685 | Project Number: 610751 | Project Name: Olentangy River Rd & East 5th Ave | Amount: $0.42
Dept/Div: 60-15 | Fund 685 | Project Number: 610923 | Project Name: Bliss Run Trunk Sewer Impr. | Amount: $0.43
Dept/Div: 60-15 | Fund 685 | Project Number: 610944 | Project Name: Olentangy River Rd. Drainage | Amount: $4,153.00
Dept/Div: 60-15 | Fund 685 | Project Number: 610850 | Project Name: Maize Rd. Area Storm Drainage | Amount: $36,338.00
SECTION 3. That the City Auditor is hereby authorized and directed to transfer monies within the 1991 Sanitary Sewer Voted Bond Fund as follows:
FROM:
Dept/Div: 60-05 | Fund 664 | Project Number: 650491 | Project Name: Big Walnut/Rickenbacker Sanitary | Amount: $284,799.61
TO:
Dept/Div: 60-05 | Fund 664 | Project Number: 650178 | Project Name: Big Walnut Parsons Ave. Sanitary | Amount: $0.25
Dept/Div: 60-05 | Fund 664 | Project Number: 650698 | Project Name: Sewer System I/I Elimination | Amount: $284,799.36
FROM:
Dept/Div: 60-05 | Fund 664 | Project Number: 650620 | Project Name: Lockbourne Rd Sanitary Sewer | Amount: $411,190.00
TO:
Dept/Div: 60-05 | Fund 664 | Project Number: 650631 | Project Name: Columbus - Kossuth Sewer | Amount: $411,190.00
SECTION 4. That the City Auditor is hereby authorized and directed to transfer monies within the 1995, 1999 Voted Streets and Highways Fund as follows:
FROM:
Dept/Div: 59-04 | Fund 704 | Project Number: 540003 | Project Name: Computer Signals | Amount: $0.34
TO:
Dept/Div: 59-09 | Fund 704 | Project Number: 530011 | Project Name: Bank One - Polaris Improvements | Amount: $0.34
SECTION 5: That the 2004 CIB be amended as follows:
Sewers 60-15
Project Name Project Number Current CIB Amended CIB
Woodland & Fifth Ave. Area 610947 $4,000,000 $3,902,483
6th, 7th, Rarig Avenue 610542 939,236 939,237
Foster Street Storm Sewer 610703 535,549 535,550
Oakland Park Avenue SSI 610748 85,000 112,297
Canyon Drive/Glenmont Ave 610749 75,000 102,171
Clintonville Area Drainage 610750 25,619 28,177
Bliss Run Trunk Sewer 610423 7,510,999 5,111,000
Olentangy River Rd. Culvert 610944 50,494 54,647
Transportation 59-09
Project Name Project Number Current CIB Amended CIB
Computer Signals 540003 $250,000 $249,999
Bank One 530011 0 1
Sewer 60-05
Project Name Project Number Current CIB Amended CIB
Big Walnut/Rickenbacker
(Carryover) 650491 $520,000 $235,200
Big Walnut Parsons Ave 650178 2,069,278 2,069,279
Sewer System I/I Elimination 650698 0 284,800
SECTION 6: 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 days after passage if the Mayor neither approves nor vetoes the same.