City of Columbus - File #: 0682-2011

• File #: 0682-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/22/2011
• In control: Recreation & Parks Committee
• On agenda: 5/16/2011
• Final action: 5/18/2011
• Title: To authorize the transfer of $4,735,968.25 within the Recreation and Parks Voted Bond Fund; to amend the 2011 Capital Improvements Budget; and to declare an emergency. ($4,735,968.25)

Date	Ver.	Action By	Action	Result
5/18/2011	1	CITY CLERK	Attest
5/17/2011	1	MAYOR	Signed
5/16/2011	1	Columbus City Council	Approved	Pass
5/16/2011	1	COUNCIL PRESIDENT	Signed
5/6/2011	1	FINANCE DIRECTOR	Reviewed and Approved
5/6/2011	1	Rec & Parks Drafter	Sent for Approval
5/6/2011	1	Auditor Reviewer	Reviewed and Approved
5/6/2011	1	CITY AUDITOR	Reviewed and Approved
5/6/2011	1	Rec & Parks Drafter	Sent for Approval
5/6/2011	1	CITY ATTORNEY	Reviewed and Approved
5/6/2011	1	Rec & Parks Drafter	Sent to Clerk's Office for Council
5/4/2011	1	Finance Reviewer	Reviewed and Approved
5/4/2011	1	Finance Reviewer	Reviewed and Approved
5/3/2011	1	Finance Reviewer	Reviewed and Approved
4/28/2011	1	Rec & Parks Drafter	Sent for Approval
4/26/2011	1	Rec & Parks Drafter	Sent for Approval
4/26/2011	1	REC & PARKS DIRECTOR	Reviewed and Approved

Explanation
Background:
This ordinance will properly align existing the Capital Improvement Projects (CIP) cash balance with the future projects for which the funds will be expended. This ordinance will additionally modify the existing Capital Improvement Budget (CIB).

Emergency Justification:
An emergency exists in the usual daily operations of the Recreation and Parks Department in that it is immediately necessary to transfer funding and modify the existing CIB to keep accurate up-to-date financial information.

Fiscal Impact:
The purpose of this ordinance is to authorize the transfer of $4,085,968.25within the voted Recreation and Parks Bond Fund No. 746 (Build America Bonds) ,$650,000 within the voted Recreation and Parks Bond Fund 702, and to amend the 2011 CIB to allow for funding to renovate recreation and parks facilities.

Title
To authorize the transfer of $4,735,968.25 within the Recreation and Parks Voted Bond Fund; to amend the 2011 Capital Improvements Budget; and to declare an emergency. ($4,735,968.25)

Body
WHEREAS, funds are being moved to alternate projects within 746 and 702 to establish correct funding location for future Recreation and Parks projects; and

WHEREAS, the 2011 Capital Improvement Budget will be amended to reflect the fund transfers from projects within; 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 $4,085,968.25 within the voted Recreation and Parks Bond Fund No. 746 for the projects listed below:

FROM:
Project OCA Code Object Level 3 Amount
510011-10...