Explanation
BACKGROUND: Under the American Recovery and Reinvestment Act (ARRA) of 2009, the city of Columbus was awarded $7,403,500 from the U.S. Department of Energy as a formula allocation of the Energy Efficiency and Conservation Block Grant (EECBG). Funds will be used to develop, promote, implement and manage programs designed to reduce fossil fuel emissions; reduce total energy usage; improve energy efficiency; and create and retain jobs. Use of EECBG funds by the City of Columbus will address these goals with the following activities:
· A revolving loan fund for use by businesses for energy efficiency retrofits
· Bike infrastructure improvements
· Energy efficient retrofit for the central safety building
· Energy efficient lighting at Columbus fire stations
· Participate with the State of Ohio to retrofit the Center of Science and Industry
· Retrofit the Cultural Arts Center with energy efficient lighting
· Retrofit the city's pedestrian signal heads with energy efficient LED technology
· Retrofit homes for low-income households in the Columbus area with energy efficient lighting and appliances.
Ordinance 0868-2009 authorized the city to apply for and accept the grant. Ordinance 1511-2009 authorized appropriations in various divisions and object levels. Final project budgets require an adjustment be made in the appropriations to align funds properly within the city's accounting records.
Fiscal Impact: This legislation will transfer funds from one object level to another with no net impact on the total appropriation.
This legislation 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 posting promotes accurate accounting and financial management.
Title
To authorize the transfer of $122,000.00 between object levels of the General Government Grant Fund to provide Energy Efficiency and Conservation Block Grant fund...
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