Explanation
BACKGROUND: This legislation authorizes the transfer of $121,265.71 within the General Government Grant Fund, appropriates $29,418.94 from the General Government Grant Fund to the Department of Development and authorizes the expenditure of $150,684.65 from the General Government Grant Fund, Neighborhood Stabilization Program 1. Funds are needed to obligate and expend to provide loans and grants to eligible projects and activities associated with the Neighborhood Stabilization Program (NSP).
This ordinance is submitted as an emergency so as to allow the expenditure of funds to be made prior to the end of the grant's required expenditure deadline of March 3, 2013 as mandated by the City's NSP1 Grant Agreement with the U.S. Department of Housing and Urban Development.
FISCAL IMPACT: Funds are available through a Neighborhood Stabilization Program 1 (NSP1) grant from the U.S. Department of Housing and Urban Development. This ordinance authorizes the cancelation of an Auditor's Certificate, the transfer of $121,265.71, the appropriation of $29,418.94 and the expenditure of $150,684.65 from the General Government Grant Fund, NSP1 Grant.
Title
To authorize and direct the City Auditor to cancel $14,889.52 from an Auditor's Certificate; to authorize the transfer of $121,265.71 within the General Government Grant Fund; to authorize the appropriation of $29,418.94 from the General Government Grant Fund to the Department of Development; to authorize the expenditure of $150,684.65 from the General Government Grant Fund, NSP1 Grant to provide loans and grants to eligible projects and activities associated with the Neighborhood Stabilization Program; and to declare an emergency. ($150,684.65)
Body
WHEREAS, this legislation authorizes the transfer of $121,265.71, the appropriation of $29,418.94 and the expenditure of $150,684.65 from the General Government Grant Fund, NSP1 Grant to provide funding for the Department of Development obligations and expenses relating to the Neighborhood Stabilization Program; and
WHEREAS, funds are available through a Neighborhood Stabilization Program 1 (NSP1) grant from the U.S. Department of Housing and Urban Development; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to transfer and appropriate said funds so expenditures can be made by the end of the grant period, 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 City Auditor be and is hereby authorized to cancel $14,889.52 from Auditor's Certificate No. AC 031393-002.
Section 2. That the City Auditor be and is hereby authorized and directed to transfer, within the General Government Grant Fund, Fund No. 220, Grant Number 440500, $121,265.71 as follows:
FROM:
Division / Object Level One / OCA Code / Amount
44-01 / 01 / 440501 / $14,889.52
44-01 / 02 / 440507 / $8,013.78
44-01 / 03 / 440502 / $88,612.41
44-01 / 06 / 440502 / $9,750.00
Total: $121,265.71
TO:
Division / Object Level One / Object Level Three / OCA Code / Amount
44-10 / 05 / 5528 / 440506 / $121,265.71
Section 3. That the sum of $29,418.94 is hereby appropriated from the unappropriated balance of the General Government Grant Fund, Fund 220, Grant 440500, and from all monies estimated to come into said Fund from any and all sources, and unappropriated for any other purpose during the fiscal year ending Dec. 31, 2012 to the Department of Development, Division 44-10, Object Level One 05, Object Level Three 5528, OCA Code 440506.
Section 4. That the monies appropriated in the foregoing Section 3 shall be paid upon the order of the Director of the Department of Development and that no order shall be drawn or money paid except by voucher, the form of which shall be approved by the City Auditor.
Section 5. That the Director of the Department of Development is hereby authorized to provide loans and grants to eligible projects and activities associated with the Neighborhood Stabilization Program.
Section 6. That for the purpose as stated in Section 5, the expenditure of $150,684.65 or so much thereof as may be necessary, is hereby authorized from the Department of Development, Division 44-10, Fund 220, Grant 440500, Object Level One 05, Object Level Three 5528, OCA Code 440506.
Section 7. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is 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.