City of Columbus - File #: 0801-2006

• File #: 0801-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/14/2006
• In control: Administration Committee
• On agenda: 5/1/2006
• Final action: 5/3/2006
• Title: To authorize the City Auditor to transfer the unencumbered cash balances of five Capital Improvement projects within Development Capital Fund No. 742, and to declare an emergency.

Date	Ver.	Action By	Action	Result
5/3/2006	1	MAYOR	Signed
5/3/2006	1	CITY CLERK	Attest
5/1/2006	1	Columbus City Council	Approved	Pass
5/1/2006	1	COUNCIL PRESIDENT	Signed
4/19/2006	1	Auditor Reviewer	Reviewed and Approved
4/19/2006	1	CITY AUDITOR	Reviewed and Approved
4/19/2006	1	Finance Drafter	Sent for Approval
4/18/2006	1	Finance Drafter	Sent for Approval
4/17/2006	1	FINANCE DIRECTOR	Reviewed and Approved
4/14/2006	1	Finance Drafter	Sent for Approval

Explanation

Background:

The Department of Development has five Capital Improvement projects in fund No. 742 with unencumbered cash balances of less than $4,000.00.  The Department of Development has no specific plans to use the remaining unencumbered balances in these projects for their original purposes and therefore there exists a need to transfer the unencumbered balances from these projects to another project within fund No. 742.

Emergency legislation is requested so as to make these funds immediately available for appropriation.   

Fiscal Impact:

There is no fiscal impact of this legislation.

Title

To authorize the City Auditor to transfer the unencumbered cash balances of five Capital Improvement projects within Development Capital Fund No. 742, and to declare an emergency.   

Body

WHEREAS, the Department of Development no longer intends to spend the unencumbered balances of these projects for their original purposes;

WHEREAS, the Finance and Management Department has recommended that the Department of Development transfer funds from the identified projects; and

WHEREAS, the Department of Development could use the unencumbered cash balances from these projects for other Capital Improvement purposes; now, therefore

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:

Section 1.  That the City Auditor be and is hereby authorized to transfer unencumbered cash balances within the Department of Development Capital Projects Fund 742 as follows:

FROM:  

Fund     Project No.       Amount

742        440061                      $        0.19

742        440067                      $    175.00

742      440085                         $ 3,500.45

742        530587                      $        0.60

742        655103                      $        0.24

TO:  Fund No. 742, Division 44-01, Project No. 440104, Miscellaneous Economic Development, OCA code 440104, Object Level One 06, Object Level Three 6621.

Section 2.  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.