Explanation
BACKGROUND AND FISCAL IMPACT:
As part of the 2025 third quarter financial review, the Department of Finance and Management identified surpluses and deficits in various object classes in several divisions. In light of last minute changes needed to the original 3rd quarter transfer ordinance, Ordinance 3228-2025, this supplemental ordinance is necessary to realign appropriations with projected expenditures through the end of 2025. This ordinance authorizes the transfer $5,295,000.00 among divisions within the general fund and increases appropriations of $977,880.00 in the E-911 Fund and $1,100,000.00 in the Sustainable Columbus Fund.
EMERGENCY DESIGNATION
This ordinance is submitted as an emergency so as to allow these financial transactions to be posted in the city's accounting system as soon as possible to properly align appropriations with expenditures through the end of 2025. Up to date financial posting promotes accurate accounting and financial management.
Title
To authorize and direct the City Auditor to provide for the transfer of $5,295,000.00 within the general fund; to increase appropriations of $977,880.00 in the E-911 Fund and $1,100,000.00 in the Sustainable Columbus Fund; and to declare an emergency. ($7,372,880.00)
Body
WHEREAS, the third quarter financial review, conducted by the Department of Finance and Management, identified projected surpluses and deficits in various object classes of several general fund and non-general fund divisions; and
WHEREAS, it is necessary to transfer funds between objects, divisions and funds in order to properly align appropriations with expenditures through the end of 2025; and
WHEREAS, it is necessary to increase appropriations in the E-911 Fund and the Sustainable Columbus Fund in order to properly align appropriations with expenditures through the end of 2025; and
WHEREAS, this ordinance is submitted as an emergency so as to allow the financial transactions to be posted in the City's acco...
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