Explanation
BACKGROUND: This legislation will authorize the transfer of $422,890.00 from the Government General Grants Fund to various other funds in order to reimburse those funds for expenditures incurred in association with windstorm damages that occurred in the City of Columbus in September, 2008.
FISCAL IMPACT: The City received funding in the amount of $422,890.00 from the Federal Emergency Management Agency (FEMA) for expenses that were incurred by the divisions within the Department of Public Utilities as a result of the windstorm that occurred in September, 2008. The funds are being transferred from the Government General Grants Fund to the Electricity Operating Fund, Water Operating Fund and the Sewer Operating Fund as shown in Section 1 of this ordinance.
Title
To authorize and direct the transfer of funds received from FEMA, in the amount of $422,890.00, from the General Government Grant Fund to various operating funds within the Department of Public Utilities as reimbursement for expenditures associated with the windstorm that occurred in the City in September, 2008. ($422,890.00)
Body
WHEREAS, the Department of Public Utilities incurred expenses during the windstorm in the Fall of 2008 and the Federal Emergency Management Agency (FEMA) provided a grant to the City in order to reimburse the expenses in the amount of $422,890.00; and
WHEREAS, these funds have been received by the City and are available in the General Government Grant Fund; and
WHEREAS, it is necessary to authorize the transfer of these funds to the Electricity Operating Fund, the Water Operating Fund and the Sanitary Sewer Operating Fund as reimbursement of expenditures incurred as the result of a windstorm in the City in September, 2008; now, therefore;
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the sum of $422,890.00 be and hereby is appropriated to the General Government Grant Fund, Fund 220, Grant 459087, Object Level Three 5501.
SECTION 2. That the amount of $422,890.00 is hereby transferred from the General Government Grant Fund, Fund 220, FEMA Grant 459087, Object Level Three 5501, to the unappropriated balance of the following funds in the following amounts:
FUND / FUND NAME / DEPT-DIV / OCA / O.L. 3 CODE / AMOUNT
550 / Electricity Operating Fund / 60-07 / 030296 / 0886 $277,393.00
600 / Water Operating Fund / 60-09 / 030528 / 0886 65,845.00
650 / Sewer Operating Fund / 60-05 / 037515 / 0886 79,652.00
$422,890.00
SECTION 3. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.