Explanation
Background: The Public Service Department, Transportation Division, routinely installs and/or constructs traffic signs and signals, school flashers and permanent pavement markings that have useful lives that meet or exceed five (5) years. As such, the labor, materials and equipment usage expenses incurred in their installation/construction can be capitalized. These expenses are initially paid from the division's operating fund, the Street Construction, Maintenance and Repair Fund. This ordinance reimburses these expenses from the division's capital improvements fund, the 1995, 1999 Voted Streets and Highways Fund, to the Street Construction, Maintenance and Repair Fund for work performed in 2004 as follows:
Billable Asset / Amount / Period Being Billed
Traffic signs / $460,000.00 / July 1-December 31, 2004
Traffic signals / $385,000.00 / October 1-December 31, 2004
School flashers / $124,717.60 / November 1-December 31, 2004
Permanent pavement markings / $155,368.95 / November 1-December 31, 2004
Total $1,125,086.55
The division received authorization to reimburse similar costs for the first part of 2004 through Ordinance 1795-2004 that was passed by City Council on November 8, 2004.
Fiscal Impact: The Transportation Division budgeted $3.2 million in the 2004 Capital Improvements Budget (CIB) for Traffic Street Signs, Traffic Signals Installation and Permanent Pavement Markings. Approximately half of these funds have been legislated thus far with another $1.6 million remaining balance. Therefore, funding is available within budgeted projects in the 1995, 1999 Voted Streets and Highways Fund to provide this reimbursement within the Transportation Division.
Emergency action is requested to allow for this reimbursement to take place in a timely manner in the interest of accurate accounting.
Title
To authorize the Public Service Director to reimburse the Street Construction, Maintenance and Repair Fund $1,125,086.55 for costs incurred in connection with the installation and/or construction of traffic signs, traffic signals, school flashers and permanent pavement markings that can be capitalized for the Transportation Division, and to declare an emergency. ($1,125,086.55)
Body
WHEREAS, the Transportation Division routinely installs and/or constructs traffic signs and signals, school flashers and permanent pavement markings that have useful lives that meet or exceed five (5) years; and
WHEREAS, the labor, materials and equipment usage expenses inherent in their installation/construction can be capitalized; and
WHEREAS, these expenses are initially paid from the division's operating fund, the Street Construction, Maintenance and Repair Fund; and
WHEREAS, this ordinance reimburses these expenses from the division's capital improvements fund; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Service in that it is immediately necessary to pursue this reimbursement in the interest of accurate accounting, 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 Public Service Director be and hereby is authorized to reimburse the Street Construction, Maintenance and Repair Fund $1,125,086.55 for costs incurred in connection with the installation and/or construction of traffic signs, traffic signals, school flashers and permanent pavement markings that can be capitalized for the Transportation Division as follows:
Billable Asset / Amount / Period Being Billed
Traffic signs / $460,000.00 / July 1-December 31, 2004
Traffic signals / $385,000.00 / October 1-December 31, 2004
School flashers / $124,717.60 / November 1-December 31, 2004
Permanent pavement markings / $155,368.95 / November 1-December 31, 2004
Total $1,125,086.55
SECTION 2. That the expenditure of $1,125,086.55 be and hereby is authorized from Fund 704, the 1995, 1999 Voted Streets and Highways Fund, Department No. 59-09, Transportation Division, Object Level One Code 06, Object Level Three Codes 6622 ($385,000.00) and 6631 ($740,086.55), OCA Code 644385 and Projects 540008 (sign upgrading/street name signs) ($460,000.00), 540007 (signal installation) ($385,000.00), 590105 (pedestrian safety improvements) ($124,717.60) and 540013 (permanent pavement markings) ($155,368.95) to pay the cost thereof.
SECTION 3. 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.