Explanation
Background: In an effort to augment City revenues, the Transportation Division initiated an audit of the Ohio Bureau of Motor Vehicle's license registrations in 1993 to ascertain that Columbus motor vehicle registrations were being correctly credited. This effort has become an ongoing audit, which has recovered several million dollars since its inception. As a result of the initiation of this program and the actual cost savings that has and continues to occur, the Transportation Division received the Santa Maria Award and $5,000.00 in cash in 1993. The cash was deposited into a Special Purpose Fund to be used for employee awards.
This ordinance appropriates the Special Purpose Fund monies currently on hand, in the amount of $1,708.53, to allow for the payment of expenditures in connection with the distribution of employee awards for the year 2005.
Fiscal Impact: The Santa Maria Award cash proceeds were $5,000.00. The proceeds were deposited into the Special Purpose Fund, Fund 223, for the Employee Award Programs in the Transportation Division. The current cash balance after 2004 expenditures is $1,708.53. This sum is available for the Employee Award Program in the Transportation Division for the year 2005.
Title
To appropriate $1,708.53 within the Special Purpose Fund for the Transportation Division's 2005 Employee Awards Program and to authorize the Public Service Director to expend these funds consistent with the program's award criteria. ($1,708.53)
Body
WHEREAS, the Transportation Division received $5,000.00 from the Santa Maria Award for saving monies for the City of Columbus in 1993; and
WHEREAS, a Special Purpose Fund was established for these monies to be received and utilized for an employee awards and recognition program within the Transportation Division; and
WHEREAS, it is necessary to appropriate the current cash in the Special Purpose Fund to allow for the payment of expenditures in connection wit...
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