Explanation
BACKGROUND:
This ordinance transfers funds within the Street Construction Maintenance and Repair Fund to properly align anticipated expenditures with available budget appropriation within the Department of Public Service. This realignment is necessary for the recently reorganized divisions to satisfy their obligations for the remainder of the year.
FISCAL IMPACT:
This realignment requires no additional funds. Funds will be transferred between divisions within the Street Construction Maintenance and Repair Fund. No additional appropriation is necessary.
EMERGENCY DESIGNATION
Emergency action is requested so that no disruptions occur within any divisions operations.
Title
To authorize and direct the City Auditor to provide for the transfer of $1,500,000.00 between various objects and divisions within the Street Construction Maintenance and Repair Fund and to declare an emergency ($1,500,000.00)
Body
WHEREAS, this ordinance transfers funds within the Street Construction Maintenance and Repair Fund to properly align anticipated expenditures with available budget appropriations within the Department of Public Service; and
WHEREAS, this ordinance requires no additional funds or appropriations; and
WHEREAS, it is necessary to transfer $1,500,000.00 between various objects and divisions within the Street Construction Maintenance and Repair Fund to properly align anticipated expenditures with available budget appropriations; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Service in that this transfer must be authorized immediately so that no operating disruptions occur and 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 is hereby authorized and directed to transfer $1,500,000.00 between various objects and divisions within the Street Construction Maintenance and Repair Fund, fund 265, as follows:
FROM:
Division / Fund /OCA / O.L 01-03 Codes / OCA
5913 / 265 / 591327 / 01-1000 / $800,000.00
5913 / 265 / 591327 / 03-3000 / $700,000.00
Total: $1,500,000.00
TO:
Division / Fund /OCA / O.L 01-03 Codes / OCA
5911 / 265 / 591101 / 01-1000 / $800,000.00
5911 / 265 / 591101 / 03-3000 / $700,000.00
Total: $1,500,000.00
SECTION 2. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
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.