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File #: 1316-2008    Version: 1
Type: Ordinance Status: Passed
File created: 8/5/2008 In control: Finance & Economic Development Committee
On agenda: 9/8/2008 Final action: 9/10/2008
Title: To authorize and direct the transfer of $276,081 from the FEMA March 2008 grant project to various other funds in order to reimburse the proper funds for expenditures incurred in association with the record snowfall in March 2008 and to declare an emergency. ($276,081)
Explanation
B ACKGROUND AND FISCAL IMPACT:
This legislation will authorize transfer of FEMA funds to various other funds in order to reimburse various funds for expenditures incurred in association with snow removal costs incurred in association with the record snowfall that began on March 7, 2008. Auditor of State Bulletin 98-013 requires that FEMA funds initially be placed into a special FEMA fund but goes on to allow those funds to be transferred from the FEMA fund into the funds that made the original payments for completed work. This ordinance accomplishes that task.

This ordinance is submitted as an emergency so as to allow the financial transaction to be posted in the city's accounting system as soon as possible. Up to date financial processing promotes accurate accounting and financial management.

Title
To authorize and direct the transfer of $276,081 from the FEMA March 2008 grant project to various other funds in order to reimburse the proper funds for expenditures incurred in association with the record snowfall in March 2008 and to declare an emergency. ($276,081)

Body
WHEREAS, Auditor of State Bulletin 98-013 requires that FEMA funds initially be placed into a special FEMA fund but goes on to allow those funds to be transferred from the FEMA fund into the funds that made the original payments for completed work; and

WHEREAS, in accordance with Auditor of State guidelines, it appropriate to transfer funds from the FEMA fund to various other funds in order to reimburse the proper funds for expenditures incurred in association with the record snowfall in March 2008; and

WHEREAS, this ordinance is submitted as an emergency to allow financial transactions to be properly posted, 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. That the amount of $276,081 is hereby transferred from the General Government Grant Fund...

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