Explanation
1. BACKGROUND:
A. Fund Accounting Changes:
Since 2002, the Departments of Development and Public Service have utilized the Development Services Special Revenue Fund No. 240, to account for revenues and expenses associated with both private development and public improvement plan review; construction contract administration and inspection services. The leadership of both departments are requesting that the accounting for their respective activities be separated into different funds in order to hold their respective agencies more accountable for the management of these services. To facilitate this separation, this legislation will authorize the City Auditor to establish the accounting process for these activities as follows:
1. Development Services Special Revenue Fund No. 240: This fund shall account for all private building services including plan review and permit activities administered by the Department of Development.
2. Public Improvement Inspection Internal Service Fund No. 518: This fund shall account for all public improvement plan review, inspection and administration activities managed by the Department of Public Service. The services rendered by the activities of this fund will be billed to the benefiting operating and capital funds.
3. Private Inspection Special Revenue Fund No. 241: This fund shall account for all private utility and right-of-way construction plan review, inspection and administration activities managed by the Department of Public Service. The services rendered by the activities of this fund will be billed to the private vendor deposits within Private Inspection Deposit Fund No. 318.
B. Temporary Fund Transfer Authorization:
Due to the seasonal nature of private development and public improvement construction work, the above agencies and associated funds have historically incurred periods of operating cash deficits during the winter months. The severity of the winter greatly impacts the ability of c...
Click here for full text