Explanation
Background:
The purpose of this ordinance is to authorize the transfer of $56,638.88 within the Voted 1999/2004 Recreation and Parks Bond Fund No. 702 and to amend the 2008 Capital Improvements Budget.
Emergency action is requested 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.
Title
To authorize the transfer of $56,638.88 within the Voted 1999/2004 Recreation and Parks Voted Bond Fund, to amend the 2008 Capital Improvements Budget, and to declare an emergency. ($56,638.88)
Body
WHEREAS, cancellations within Capital Fund 702 were made totaling $56,638.88 and are being moved to alternate projects within Fund 702 to have funding available for roofing and bikeway improvements; and
WHEREAS, the 2008 CIB will be amended to reflect the cancellations credited to project 510035 and 510229, and for the transfers to these projects; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to transfer said funds in order 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 City Auditor is hereby authorized to transfer $56,638.88 within the Voted 1999/2004 Recreation and Parks Bond Fund No. 702, from the projects listed below:
FROM:
Project OCA Code Object Level 3 Amount
510011 644526 6620 $ 9,490.73
510039 644526 6620 $ 0.07
510316 644526 6620 $23,007.34
510716 644526 6620 $ 1,885.33
510041 644526 6620 $ 6,409.21
510112 644526 6620 $ 7,861.47
510321 644526 6620 $ 7,984.73
TO:
Project OCA Code Object Level 3 Amount
510035 644526 6620 $33,631.54
510229 644526 6620 $23,007.34
SECTION 2. That the 2008 Capital Improvements Budget Ordinance No. 0690-2008, is hereby amended as follows, in order to provide sufficient budget authority for future expenditures legislation and to correct previous expenditure cancellations.
CURRENT:
Fund 702; Project 440006 /UIRF/ $1,338,750 (voted carryover only)
Fund 702; Project 510017 /Park and Playground/ $1,312,868 (voted carryover only)
Fund 702; Project 510035 /Facilities/ $3,003,795 (voted carryover only)
Fund 702; Project 510229 /Bikeway/ $4,312,446 (voted carryover only)
Fund 702; Project 510429 /Golf/ $183,099 (voted carryover only)
Fund 702; Project 510716/ Security Enhancements/ $200,000 (voted carryover only)
AMENDED TO:
Fund 702; Project 440006 /UIRF/ $1,372,237 (voted carryover only)
Fund 702; Project 510017 /Park and Playground/ $1,435,049 (voted carryover only)
Fund 702; Project 510035 /Facilities/ $3,055,478 (voted carryover only)
Fund 702; Project 510229/Bikeway/ $4,335,454 (voted carryover only)
Fund 702; Project 510429 /Golf/ $191,480 (voted carryover only)
Fund 702; Project 510716/ Security Enhancements/ $198,115 (voted carryover only)
SECTION 3. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance.
SECTION 4. That the City Auditor is hereby authroized 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 prjoect that the project has been completed and the monies are no longer required for said project, except that no transfer shall be so made from a project account funded by monies from more than one source.
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.