Explanation
BACKGROUND: This legislation authorizes the City Auditor to allow the Division of Power and Water's (Power) capital bonds fund to reimburse the operating fund, for labor and equipment costs incurred in the installation of various street lighting projects from September 19, 2007 through January 8, 2008.
FISCAL IMPACT: A transfer of funds within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund is necessary, as well as an amendment to the 2007 Capital Improvements Budget.
Title
To amend the 2007 Capital Improvements Budget; to authorize the City Auditor to transfer and expend funds within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund; and to authorize the City Auditor to allow the Division of Power and Water's capital bond fund to reimburse the operating fund; in the amount of $112,597.57; for labor and equipment costs incurred in the installation of various street lighting projects. ($112,597.57)
Body
WHEREAS, it is necessary to reimburse the Division of Power and Water (Power) for labor and equipment incurred in the installation of various street lighting projects;
WHEREAS, the costs from the operating fund are reimbursed through the capital bonds fund; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund; and
WHEREAS, it is necessary to authorize an amendment to the 2007 Capital Improvements Budget for purposes of providing sufficient funding and spending authority for the aforementioned project expenditures; and
WHEREAS, it has become necessary in the usual daily operation of the Department of Public Utilities, Division of Power and Water, to authorize the City Auditor to allow the Division of Power and Water's (Power) capital bonds fund to reimburse the operating fund for labor and equipment costs incurred in the installation of various street lighting projects, 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 and directed to transfer $64,242.00 within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvement Fund, Fund No. 553, Object Level Three 6625, Division of Power and Water, Division 60-07, as follows:
Project No. | Project Name | OCA Code | change
440007 | UIRF | 440007 | -$64,242
440008 | UIRF - OSU Off-Campus SL | 440008 | +$256.17
670003 | Street Lighting | 642900 | +$61,210.99
670620 | Street Light Inspections/Betterments | 670620 | +$2,731.14
670785 | Cooper Rd. SL Imp's | 553785 | +$43.70
SECTION 2. That the 2007 Capital Improvements Budget is hereby amended as follows:
Project No. | Project Name | Current Authority | Revised Authority | change
440007 | UIRF | $349,356 | $285,112 | -$64,244
440008 | UIRF - OSU Off-Campus SL | $761,811 | $762,068 | +257
670003 | Street Lighting | $1,061,781 | $1,122,992 | +$61,211
670620 | Street Light Inspections/Betterments | $5,047 | $7,779 | +$2,732
670785 | Cooper Rd. SL Imp's | $94,973 | $95,017 | +$44
SECTION 3. That the City Auditor's Office hereby authorizes the reimbursement (expenditure) up to an amount not to exceed $112,597.57, or so much thereof as may be needed, from the Division of Power and Water's capital bonds fund to the operating fund, via internal bill, for labor and equipment costs incurred in the installation of various street lighting projects be and is hereby authorized from Division of Power and Water (Power), Division No. 60-07, Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund, Fund No. 553, Object Level Three 6625, and is to be disbursed as follows:
PROJECT PROJECT OCA
NUMBER NAME CODE AMOUNT
440007 UIRF 440007 $ 1,223.51
440008 UIRF - OSU Off-Campus SL 440008 $ 256.17
670003 Street Lighting Imp's 675017 $ 104,716.16
670620 Underground Sys. Rehab/Betterments 670620 $ 2,731.14
670777 Walnut Bluffs Street Lighting Imp's 553777 $ 2,534.41
670785 Cooper Rd. Street Lighting Imp's 553785 $ 43.70
670787 Willow Creek Street Lighting 553787 $ 1,092.48
Total $ 112,597.57
SECTION 4. That the City Auditor is hereby authorized and directed to transfer any unencumbered balance in the project account to the unallocated balance 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 no longer required for said project; except that no transfer shall be made from a project account by monies from more than one source.
SECTION 5. That the City Auditor is authorized to establish proper project accounting numbers as appropriate.
SECTION 6. 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 7. That this Ordinance shall take effect and be in force from and after the earliest period allowed by law.