City of Columbus - File #: 0806-2009

• File #: 0806-2009
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 5/28/2009
• In control: Finance & Economic Development Committee
• On agenda: 6/15/2009
• Final action: 6/17/2009
• Title: To adopt a Capital Improvements Budget for the twelve months ending December 31, 2009 or until such a time as a new Capital Improvements Budget is adopted, establishing a project budget for capital improvements requiring legislative authorization in 2009, to authorize the City Auditor to transfer $2,087,973.63 between projects within the Street and Highway Capital fund, $3,392,852.00 between projects within the Recreation and Parks Capital Fund, and $718,442.45 between funds within the Health G.O. Bond Fund and the Safety G.O. Bond Fund, to repeal Ordinance No. 0690-2008, as amended, and to declare an emergency. (REPEALED BY ORD. 0564-2010 PASSED 4/12/2010)

Date	Ver.	Action By	Action	Result
6/17/2009	1	CITY CLERK	Attest
6/16/2009	1	MAYOR	Signed
6/15/2009	1	Columbus City Council	Approved	Pass
6/15/2009	1	COUNCIL PRESIDENT	Signed
6/5/2009	1	CITY AUDITOR	Reviewed and Approved
6/5/2009	1	CITY AUDITOR	Reviewed and Approved
6/5/2009	1	Finance Drafter	Sent to Clerk's Office for Council
6/4/2009	1	Finance Drafter	Sent for Approval
6/4/2009	1	FINANCE DIRECTOR	Reviewed and Approved
6/4/2009	1	Finance Drafter	Sent for Approval

Explanation

BACKGROUND: This ordinance establishes the 2009 Capital Improvement Budget (CIB). The budget presented herein represents a plan for the expenditure of monies in 2009 for a variety of capital improvement projects, primarily in enterprise divisions.

The adoption of this CIB represents only 10% of the original proposed budget for non-enterprise divisions at the beginning of the year. Originally, the Special Income Tax (SIT) supported divisions were anticipating a 2009 CIB of $239.1 million. Due to the projected lower income tax receipts being deposited in the SIT fund, the city can only issue $24.1 million for capital projects. This represents a reduction of approximately 90%. The only SIT-supported projects that are included in the 2009 CIB constitute repayment of the SIT for moneys borrowed last year for certain critical projects, or represent prior obligations established through legal agreements, prior commitments which leverage substantial state and federal funds, or very small amounts for critical infrastructure maintenance and improvements.

As a result, the city was not able to budget SIT monies for resurfacing, fire apparatus replacement, refuse collection trucks and containers, bridge and roadway infrastructure improvements, sidewalks and bikeways improvements.

The new funding amount of the total CIB is $457.8 million, but $433.7 million of this amount, or nearly 95%, is supported by enterprise revenues and miscellaneous smaller revenues such as internal service fees and federal and state funding sources, not the set-aside of income taxes.

FISCAL IMPACT: Appropriation authority for new money is granted at the time debt is issued, not with this ordinance.

Title

To adopt a Capital Improvements Budget for the twelve months ending December 31, 2009 or until such a time as a new Capital Improvements Budget is adopted, establishing a project budget for capital improvements requiring legislative authorization in 2009, to authorize the C...