Explanation
This legislation authorizes the transfer of funds between Object Levels within the Division of Power and Water, Department of Public Utilities to accommodate expenditures identified in the second quarter review.
See Attachment: ORD1324-2011Water Transfer.xls
Emergency action is requested in order to align budget authority with projected expenditures in order for year-end processing to proceed in an orderly, efficient, and timely manner.
FISCAL IMPACT: Sufficient appropriation is available to transfer funds between Object Levels to accommodate expenditures identified in the second quarter budget review. No increase in the total budget appropriation will be needed.
Title
To authorize the City Auditor to transfer $740,000.00 between Object Levels within the Divison of Power and Water, Department of Public Utilities operating fund in order to provide the funding necessary to cover expenditures for the remainder of the year; and to declare an emergency. ($740,000.00)
Body
WHEREAS, anticipated expenditures within various Characters for the remainder of the 2011 Fiscal Year necessitates the transfer of funds within the Divison of Power and Water, Department of Public Utilities; and,
WHEREAS, an emergency exists in the usual daily operation of the Divison of Power and Water, Department of Public Utilities, in that it is immediately necessary to transfer appropriation between Object Levels within the Divison of Power and Water, Department of Public Utilities operating fund, for the immediate preservation of the public health, peace, property and safety; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor be and is hereby authorized and directed to transfer $740,000.00 between Object Levels within the 2011 Department of Public Utilities operating funds as follows:
See Attachment: ORD1324-2011Water Tranfer.xls
Section 2. That the City Auditor is authorized to make any a...
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