Explanation
The Public Service Department, Transportation Division, employs personnel that are engaged in capital improvement project management activities. These personnel are budgeted within and paid from the division's operating fund, the Street Construction, Maintenance and Repair Fund. These costs can be capitalized. Doing so is consistent with earlier efforts by the Division to reimburse its operating fund when the operating fund incurred expenses more appropriate to capital improvement funding (Ordinances 1795-2004, 0191-2005, 1728-2005 and 2162-2005).
This ordinance authorizes the expenditure of $500,000.00 or so much thereof as may be necessary for this purpose.
Fiscal Impact: This expenditure is budgeted within the Transportation Division's 2005 Capital Improvement Budget in the 1995, 1999, 2004 Voted Streets and Highways Fund in the Roadway Improvements project. The 2006 revenue estimate for the Street Construction, Maintenance and Repair Fund reflects and assumes this revenue.
Title
To authorize the Public Service Director to expend $500,000.00 or so much thereof as may be necessary to reimburse the Street Construction, Maintenance and Repair Fund for project management expenses incurred by the latter in connection with the Transportation Division's capital improvements program in 2006 and to authorize this expenditure from the 1995, 1999, 2004 Voted Streets and Highways Fund. ($500,000.00)
Body
WHEREAS, the Transportation Division employs personnel that are engaged in capital improvement project management activities; and
WHEREAS, these costs can be capitalized; and
WHEREAS, the 2006 revenue estimate for the Street Construction, Maintenance and Repair Fund reflects and assumes this revenue; and
WHEREAS, it is necessary to authorize this expenditure in order to provide adequate operating resources for the Transportation Division; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Public Service Director be and hereby is authorized to expend $500,000.00 or so much thereof as may be necessary to reimburse the Street Construction, Maintenance and Repair Fund for project management expenses incurred in connection with the Transportation Division's capital improvements program in 2006.
SECTION 2. That this expenditure be and hereby is authorized from Fund 704, the 1995, 1999, 2004 Voted Streets and Highways Fund, Department No. 59-09, Transportation Division, Object Level One Code 06, Object Level Three Code 6682, OCA Code 644385 and Project 530161.
SECTION 3. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.