Explanation
BACKGROUND: This ordinance transfers funds between projects within the Finance capital fund to provide for acquisition of a citywide e-payment engine and to secure funding for a project to implement connectivity among all the city's fire stations.
FISCAL IMPACT: Capital funds for this acquisition are available within the Finance Department. Funds previously borrowed for other purposes have been determined not to be needed and use of the funds to acquire an e-payment capacity and fire station connectivity are consistent with the purpose for which the bonds were originally sold.
Title
To authorize and direct the City Auditor to cancel an encumbrance and transfer funds within the Finance Department capital improvement fund; to amend the 2002 Capital Improvements Budget and to declare an emergency.
Body
WHEREAS, funds previously borrowed for the city's geographic information system have now been determined to no longer be needed; and
WHEREAS, funds are needed to support the city's e-payment project; and
WHEREAS, the purpose clause associated with the aforementioned funds is sufficiently broad as to allow for the transfer of funds for the e-payment project; and
WHEREAS, funds are needed to support the city's fire station connectivity project; and
WHEREAS, the purpose clause associated with the aforementioned funds is sufficiently broad as to allow for the transfer of funds for the fire station connectivity project; and
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary to make the aforementioned changes for the immediate preservation of 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 is hereby authorized and directed to cancel the document UL900185/001 with a balance of $532,619.54 within the Finance Department, department number 4501, fund number 750, project number 452501.
SECTION 2: That the City Auditor is hereby authorized and directed to transfer $260,000 in section 1 within the Finance Department, department number 4501, fund 750 into project number 470110.
SECTION 3: That the City Auditor is hereby authorized and directed to transfer $272,619.54 in section 1 within the Finance Department, department number 4501, fund 750 into project number 470020.
SECTION 4: That the Finance Department 2002 Capital Improvements Budget be amended as follows: E-payment engine, project number 470110, original budget $0, amended budget $260,000.00; Fire connectivity, project number 470020, original budget $0, amended budget $272,619.54.
SECTION 5: 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.