Explanation
Background: - This ordinance provides for the appropriation of $1,990.32 from the unappropriated funds within the Gatrell Arts & Vocational Development Fund.
$1,990.32 is available from interest earned from the Gatrell Arts & Vocational Development Fund.
ยท
- This ordinance is submitted as an emergency 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. Emergency legislation is also required to have funding available for necessary expenditures.
Fiscal Impact: - This ordinance will reduce the unappropriated balance in the Gatrell Arts & Vocational Development Fund by $1,990.32
- The expenditure of $1,990.32 is budgeted in the Gatrell Arts & Vocational Development Fund.
Title
To authorize an appropriation of $1,990.32 from the unappropriated balance of the Gatrell Arts & Vocational Development Fund, in accordance with the trust to support arts activities at Thompson Recreation Center, and to declare an emergency. ($1,990.32)
Body
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to appropriate said funds to have required funding available for necessary expenditures; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That from the unappropriated monies in the Gatrell Arts & Vocational Development Fund No. 235, and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ending December 31, 2004, the sum of $1,990.32 is appropriated to the Recreation and Parks Department, Department No. 51-01, as follows:
OCA Code. Object Level 3 Amount
516799 3336 $1,990.32
Section 2. That the monies in the foregoing Section 1 shall be paid upon order of the Director of Recreation and...
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