Explanation
1. BACKGROUND
This legislation authorizes the creation of the Mobility Enterprise Operating Fund with related subfunds, a Mobility Grant Fund, a Mobility Capital Improvements Fund, a Mobility Debt Retirement Fund, and a Mobility Agency Fund within the Division of Parking Services Department/Division 59-06 to be effective January 1, 2022.
The creation of a Mobility Enterprise would allow for the holistic management of all the City’s mobility assets within a sustainable and long-term self-supporting program. The Mobility Enterprise Program that combines on and off-street revenues and expenses for parking ensures the health of the City’s off-street garage assets and allows for continued innovation and reinvestment in the City’s on-street parking and curb lane management program as well as other mobility initiatives of the department.
2. FISCAL IMPACT
This legislation also authorizes the City Auditor to transfer any unencumbered balances from the existing parking meter operating fund, parking garage enterprise fund and related subfunds, parking grants fund, parking reserve funds, parking agency funds to the associated Mobility Enterprise operating fund, grant fund, capital fund, debt retirement fund and agency fund to be effective on January 1, 2022. The City Auditor is authorized to create any other funds or related subfunds as necessary to properly account for the Mobility Enterprise.
The department/division will continue to use existing encumbrances that are established in the parking meter fund 2268 and related subfunds, until such time that the contracts are up for renewal and/or the 2022 operating budget is passed. In January, the city auditor is authorized to cancel encumbrances in the existing parking grant funds and in the garage enterprise fund and related subfunds and reestablish those encumbrances within the related mobility enterprise funds and subfunds.
Lastly, this legislation authorizes the transfer of all assets and liabilities associated with the Parking Meter Program Fund, Parking Meter Contribution Fund and the Parking Garage Enterprise Fund and related subfunds to the associated Mobility operating, grant, capital, debt retirement, agency fund, and any other funds or subfunds necessary to properly account for the Mobility Enterprise.
3. EMERGENCY DESIGNATION
Emergency action is requested in order to complete the establishment of the new fund prior to the January 1, 2022 implementation date.
Title
To authorize the City Auditor to establish a Mobility Operating Enterprise Fund with related subfunds, Mobility Grant Fund, Mobility Debt Retirement Fund, Mobility Agency Fund, a Mobility Capital Fund, and other funds as deemed necessary within the Parking Services Division; to authorize the City Auditor to transfer any unencumbered balances to the mobility enterprise fund; to authorize the transfer of all assets and liabilities associated with the Parking Meter Program Fund, Parking Meter Contributions Fund and the Parking Garage Enterprise Fund to the associated Mobility Enterprise Funds; and to declare an emergency.
Body
WHEREAS, this legislation authorizes the creation of the Mobility Enterprise Operating Fund with related subfunds, a Mobility Grant Fund, a Mobility Capital Improvements Fund, a Mobility Debt Retirement Fund, and a Mobility Agency Fund within the Division of Parking Services Department/Division 59-06 to be effective January 1, 2022; and
WHEREAS, the creation of a Mobility Enterprise would allow for the holistic management of all the City’s mobility assets within a sustainable and long-term self-supporting program; and
WHEREAS, the Mobility Enterprise Program that combines on and off-street revenues and expenses for parking ensures the health of the City’s off-street garage assets and allows for continued innovation and reinvestment in the City’s on-street parking and curb lane management program as well as other mobility initiatives of the department; and
WHEREAS, this legislation also authorizes the City Auditor to transfer any unencumbered balances from fund the existing parking meter operating fund, parking garage enterprise fund and related subfunds, parking grants fund, parking reserve funds, parking agency funds to the associated Mobility Enterprise operating fund, grant fund, capital fund, debt service fund and agency fund to be effective on January 1, 2022; and
WHEREAS, the city auditor is authorized to create related funds or related subfunds necessary to properly account for the mobility enterprise; and
WHEREAS, the department/division will continue to use existing encumbrances that are established in the parking meter fund 2268 and related subfunds, until such time that the contracts are up for renewal and/or the 2022 operating budget is passed; and
WHEREAS, in January of 2022, the city auditor is authorized to cancel encumbrances in the existing parking grant funds and in the garage enterprise fund and related subfunds and reestablish those encumbrances within the related mobility enterprise funds and subfunds; and
WHEREAS, this legislation authorizes the transfer of all assets and liabilities associated with the Parking Meter Program Fund, Parking Meter Contribution Fund and the Parking Garage Enterprise Fund and related subfunds to the associated Mobility operating, grant, capital, debt retirement, and agency fund; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Service in that it is immediately necessary to establish the Mobility Enterprise Fund to ensure the safety of the travelling public, thereby preserving the public health, peace, property, safety and welfare and to ensure that the funds are established for a January 1, 2022 implementation date; 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 create a Mobility Enterprise Operating Fund with related subfunds, a Mobility Grant Fund, a Mobility Capital Improvements Fund, a Mobility Debt Retirement Fund, and a Mobility Agency Fund within the Division of Parking Services Department/Division 59-06 to be effective January 1, 2022.
SECTION 2. That the City Auditor to transfer any unencumbered balances from the existing parking meter operating fund, parking garage enterprise fund and related subfunds, parking grants fund, parking reserve funds, parking agency funds to the associated Mobility Enterprise operating fund, grant fund, capital fund, debt retirement fund and agency fund to be effective on January 1, 2022.
SECTION 3. That the department/division will continue to use existing encumbrances that are established in the parking meter fund 2268 and related subfunds, until such time that the contracts are up for renewal and/or the 2022 operating budget is passed.
SECTION 4. That the city auditor is authorized to cancel encumbrances in the existing parking grant funds and in the garage enterprise fund and related subfunds and reestablish those encumbrances within fund the related mobility enterprise funds and subfunds.
SECTION 5 That the City Auditor be and is hereby authorized to transfer all assets and liabilities associated with the Parking Meter Program Fund 2268, Parking Meter Contribution Fund 2267, 3370 Public Service Agency Fd. and the Parking Garage Enterprise Fund 6400 to the corresponding Mobility Enterprise Fund and related subfunds being created with the passage of this ordinance.
SECTION 6. That the City Auditor is authorized to create any other funds or related subfunds as necessary to properly account for the mobility enterprise.
SECTION 7. That the City Auditor is authorized to make any accounting changes to revise the funding source associated with this ordinance.
SECTION 8. 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.