Explanation
Background:
This ordinance authorizes the amendment of the 2011 Capital Improvements Budget (CIB) for the Department of Public Service. This will amend the budget authority by project due to changes made in previously passed transportation ordinances.
Emergency action:
This ordinance is submitted as an emergency so as to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
Fiscal Impact:
This legislation will amend the budget authority in the 2011 CIB due to changes made in previously passed transportation ordinances and to declare an emergency.
Title
To authorize an amendment to the 2011 Capital Improvements Budget in order to adjust the budget authority as a result of previously passed transportation ordinances and to declare an emergency.
Body
WHEREAS, it is necessary to amend the 2011 Capital Improvements Budget in order to adjust the budget authority by project as a result of previously passed transportation ordinances; and
WHEREAS, the 2011 Capital Improvements Budget (CIB) is hereby amended to reflect the abovementioned authority needs; and
WHEREAS, an emergency exists in the usual operation of the City in that it is immediately necessary to make said amendments to allow the financial transaction to be posted in the City's accounting system as soon as possible; now therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1: That the 2011 CIB, ordinance number 0266-2011, passed on March 7, 2011, be amended as follows:
See Attached File: 2011 CIB Transportation Amend.xls
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.