Explanation
BACKGROUND: This legislation is needed to transfer money between two projects within the Water Limited Fund. It serves as a companion piece of legislation to provide additional monies and authority for Morse Road 36" Water Main from the Morse Road Booster Station to Johnstown Road.
This ordinance is submitted as an emergency so as 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 City Auditor to transfer $150,000.00 within the Water Limited Fund to fund the Morse Road 36" Water Main from the Morse Road Booster Station to Johnstown Road project for the Division of Water, to amend the 2003 C.I.B and to declare an emergency. ($150,000.00)
Body
WHEREAS, it is required in the usual daily operation of the Division of Water, Department of Public Utilities, to provide funding for the Morse Road 36" Water Main from the Morse Road Booster Station to Johnstown Road project, and
WHEREAS, an emergency exists in the usual daily operations of the Division of Water, Department of Public Utilities in that it is immediately necessary to transfer funds between two projects within Fund No. 607 in order to ensure the required monies are available to fund companion legislation for the stated project, thereby preserving the public health, peace, property, safety and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
ORIGINAL AMEMDED
BUDGET BUDGET COMMENTS
*(1)* $150,0000 $180,000 AUTHORITY INCREASED
*(2)* $2,077,459 $2,047,459 AUTHORITY DECREASED