Explanation
1. BACKGROUND:
This legislation authorizes the City Auditor to transfer cash and appropriation within the Streets and Highways G.O. Bonds Fund, Fund 704, and within the Street and Highway Improvements Fund, Fund 766, in order to replenish the original cash and appropriation levels in those funds following the recent bond sale. Funds were temporarily transferred from projects that did not need to start early in the construction season to projects that needed to start earlier in the construction season and could not await the receipt of bond sale funds. Now that the city has received funds from the bond sale, the earlier transfers need to be reversed to restore funding to projects from which funds were borrowed.
2. FISCAL IMPACT
Funding is now available within the Streets and Highways Bonds Fund and the Street and Highway Improvements Fund. An amendment to the 2015 Capital Improvements Budget is necessary to re-establish sufficient cash and authority in the proper projects.
3. EMERGENCY DESIGNATION
Emergency action is requested in order to maintain the project schedule to prevent unnecessary delays in the Department of Public Service’s Capital Improvement Program.
Title
To amend the 2015 Capital Improvement Budget; to authorize the City Auditor to transfer cash and appropriation within the Streets and Highways G.O. Bond Fund and within the Street and Highway Improvements Fund to replace funds borrowed for use on construction projects that had to start before the bond sale; and to declare an emergency. ($0.00)
Body
WHEREAS, it is necessary to authorize an amendment to the 2015 Capital Improvements Budget for the purpose of providing sufficient spending authority for the project expenditures listed below; and
WHEREAS, funds borrowed for use on other projects need to be restored to maintain proper accounting practices; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Service in that it is immediately necessary to transfer cash and appropriate funds in order to restore funding thereby preserving 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 2015 Capital Improvements Budget authorized by ordinance 0557-2015 be amended as follows to establish sufficient authority for the following projects:
Fund / Project / Project Name / Current / Change /Amended
766 / 440104-100009 / Roadway Improvements-Neil Avenue / $0.00 / $5,263.00 / $5,263.00 (to match cash)
704 / 530282-100108 / Resurfacing -- 2013 Winter Inspection & Pre-Engineering / $0.00 / $250,000.00 / $250,000.00 / (to match cash)
766 / 440104-100009 / Roadway Improvements-Neil Avenue (Voted Carryover) / $5,263.00 / ($2,438.00) / $2,825.00
704 / 530086-100027 / Intersection Improvements - Hilliard Rome Road at Feder Road (Voted Carryover) / $550,000.00 / ($550,000.00) / $0.00
704 / 530087-100002 / ADA Ramps - Citywide Curb Ramps (Voted 2013 Debt SIT Supported) / $875,000 / ($356,739.00) / $518,261.00
704 / 530087-100005 / ADA Curb Ramps -- Repair (Voted 2013 Debt SIT Supported) / $885,000.00 / ($356,739.00) / $528,261.00
704 / 530103-100051 / Arterial Street Rehabilitation-Polaris Parkway (Voted 2013 Debt SIT Supported) / $400,000.00 / ($267,721.00) / $132,279.00
704 / 530103-100052 / Arterial Street Rehabilitation-Hamilton Road-I-70 to Refugee (Voted 2013 Debt SIT Supported) / $1,000,000.00 / ($474,944.00) / $525,056.00
704 / 530161-100013 / Roadway Improvement-SCMRF Reimbursement (Voted 2013 Debt SIT Supported) / $449,498.00 / ($174,536.00) / $274,962.00
704 / 530282-100051 / Resurfacing-Resurfacing Projects (Voted 2013 Debt SIT Supported) / $1,534,443.00 / ($1,025,589.00) / $508,854.00
704 / 530282-100108 / Resurfacing -- 2013 Winter Inspection & Pre-Engineering (Voted Carryover) / $250,000.00 / ($250,000.00) / $0.00
704 / 540007-100006 / Traffic Signal Installation - Columbus Traffic Signal System Phase D (Voted 2013 Debt SIT Supported) / $1,150,000.00 / ($1,150,000.00) / $0.00
704 / 530020-100000 / Street Equipment (Voted 2013 Debt SIT Supported) / $757,689.00 / ($134,670.00) / $623,019.00
704 / 530020-100022 / Street Equipment -- 800 MHZ Radios (Voted 2013 Debt SIT Supported) / $100,000.00 / ($100.000.00) / $0.00
704 / 530301-160771 / Bridge Rehabilitation -- Fifth Avenue Over Scioto (Voted 2013 Debt SIT Supported) / $1,500,000.00 / ($760,937.00) / $739,063.00
766 / 590911-100000 / Cooper Lakes II, LLC (Voted Carryover) / $47,563.00 / $2,438.00 / $50,001.00
704 / 530161-100139 / Roadway Improvements -- I70/I71 East Interchange Phase 2D (Voted 2013 Debt SIT Supported) / $3,026,082.00 / $925,589.00 / $3,951,671.00
704 / 440104-100002 / Miscellaneous Economic Development -- Columbus Coated Fabrics (Voted Carryover) / $0.00 / $174,536.00 / $174,536.00
704 / 440005-100000 / UIRF - Urban Infrastructure Recovery Fund (59-12) (Voted Carryover) / $1,202,934.00 / $474,944.00 / $1,677,878.00
704 / 440005-100000 / UIRF - Urban Infrastructure Recovery Fund (59-12) (Voted 2013 Debt SIT Supported) / $5,454,813.00 / $995,607.00 / $6,450,420.00
704 / 530161-100000 / Roadway Improvements (Voted Carryover) / $1.00 / $82,721.00 / $82,722.00
704 / 590910-100002 / SciTech OSU Research Park Envir. (Voted Carryover) / $1,675,811.00 / $67,799.00 / $1,743,610.00
704 / 590910-100002 / SciTech OSU Research Park Envir. (Voted 2013 Debt SIT Supported) / $0.00 / $2,880,679.00 / $2,880,679.00
SECTION 2. That the City Auditor is hereby authorized and directed to transfer cash and appropriation within the Streets and Highways G.O. Bonds Fund, Fund 704 as follows:
Transfer From:
Fund / Project / Project Name / O.L. 01-03 Codes / OCA / Amount
766 / 440104-100009 / Roadway Improvements - Neil Ave. / 06-6600 / 761049 / $2,437.70
704 / 530086-100027 / Intersection Improvements - Hilliard Rome Rd at Feder Rd / 06-6600 / 748627 / $550,000.00
704 / 530087-100002 / ADA Ramps - Citywide Curb Ramps / 06-6600 / 728702 / $356,738.19
704 / 530087-100005 / ADA Curb Ramp -- Repairs / 06-6600 / 728705 / $356,738.19
704 / 530103-100051 / Arterial Street Rehabilitation - Polaris Parkway / 06-6600 / 710351 / $267,720.85
704 / 530103-100052 / Arterial Street Rehabilitation - Hamilton Road - I-70 to Refugee Road / 06-6600 / 740352 / $474,943.66
704 / 530161-100013 / Roadway Improvements - SCMRF Reimbursement / 06-6600 / 746113 / $174,535.10
704 / 530282-100051 / Resurfacing - Resurfacing Projects / 06-6600 / 748251 / $1,025,588.13
704 / 530282-100108 / Resurfacing -- 2013 Winter Inspection & Pre-Engineering / 06-6600 / 748218 / $250,000.00
704 / 540007-100006 / Traffic Signal Installation - Columbus Traffic Signal System Phase D / 06-6600 / 740706 / $1,150,000.00
704 / 530020-100000 / Street Equipment / 06-6600 / 591246 / $134,669.43
704 / 530020-100022 / Street Equipment - 800 MHZ Radios / 06-6600 / 742022 / $100,000.00
704 / 530301-160771 / Bridge Rehabilitation - Fifth Avenue Over Scioto / 06-6600 / 740171 / $760,936.84
Transfer To:
Fund / Project / Project Name / O.L. 01-03 Codes / OCA / Amount
766 / 590911-100000 / Cooper Lakes II, LLC / 06-6600 / 766911 / $2,437.70
704 / 530161-100139 / Roadway Improvements - I70/I71 East Interchange Phase 2D / 06-6600 / 704139 / $925,588.13
704 / 440104-100002 / Miscellaneous Economic Development - Columbus Coated Fabrics / 06-6600 / 592104 / $174,535.10
704 / 440005-100000 / UIRF - Urban Infrastructure Recovery Fund (59-12) / 06-6600 / 590050 / $1,470,549.93
704 / 530161-100000 / Roadway Improvements / 06-6600 / 590046 / $82,720.85
704 / 590910-100002 / SciTech OSU Research Park Envir. / 06-6600 / 749102 / $2,948,476.38
SECTION 3. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
SECTION 4. That the City Auditor is authorized to make any accounting changes to revise the funding source for all modifications associated with this ordinance.
SECTION 5. That the City Auditor is hereby authorized to transfer the unencumbered balance in a project account to the unallocated balance account 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 are no longer required for said project.
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 approvals.