Title
To authorize and direct the City Auditor to transfer certain funds that have been dormant for many years, anywhere from 6 to 18 years and to declare an emergency. ($80,639.74)
Explanation
This ordinance authorizes the transfer of unencumbered monies contained in certain special purpose subfunds that have gone unused for many years. This ordinance will authorize the transfer of those monies to the currently active fund with intended uses most compatible with the dormant fund.
As an example; fund 223-02, the Adopt a Pothole subfund, contains $309.20. These monies would be transferred to fund no. 265, the Street Construction, Maintenance and Repair Fund.
Body
Whereas, certain subfunds of the City have remained dormant for many years, and
Whereas, an emergency exists in the usual daily operation of the Office of City Auditor in that it is immediately necessary and appropriate to inactivate these subfunds by transferring the funds to the currently functioning fund most compatible with the intended use of the dormant subfund thereby preserving the public health, peace, property, safety and welfare; now, therefore:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. The City Auditor is hereby directed to transfer funds as per the attached (dormant funds) table.
Section 2. That for the reasons stated in the preamble hereto, which is hereby made a party 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.