City of Columbus - File #: 1970-2006

• File #: 1970-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/27/2006
• In control: Utilities Committee
• On agenda: 12/4/2006
• Final action: 12/7/2006
• Title: To authorize the transfer of appropriations within the Electricity Operating Fund to align budget authority with projected expenditures for the Division of Power and Water, and to declare an emergency. ($1,046,900.00)

Date	Ver.	Action By	Action	Result
12/7/2006	1	CITY CLERK	Attest
12/6/2006	1	MAYOR	Signed
12/4/2006	1	Columbus City Council	Approved	Pass
12/4/2006	1	COUNCIL PRESIDENT	Signed
11/10/2006	1	Utilities Drafter	Sent for Approval
11/10/2006	1	Auditor Reviewer	Reviewed and Approved
11/10/2006	1	CITY AUDITOR	Reviewed and Approved
11/10/2006	1	Utilities Drafter	Sent to Clerk's Office for Council
11/9/2006	1	Finance Reviewer	Reviewed and Approved
11/9/2006	1	Finance Reviewer	Reviewed and Approved
11/9/2006	1	FINANCE DIRECTOR	Reviewed and Approved
11/3/2006	1	UTILITIES DIRECTOR	Reviewed and Approved
11/3/2006	1	Utilities Drafter	Sent for Approval
11/2/2006	1	Utilities Drafter	Sent for Approval
11/2/2006	1	Utilities Reviewer	Sent for Approval
11/1/2006	1	Utilities Reviewer	Reviewed and Approved
10/31/2006	1	Utilities Drafter	Sent for Approval
10/30/2006	1	Utilities Drafter	Sent for Approval
10/27/2006	1	Utilities Drafter	Sent for Approval
10/27/2006	1	Utilities Drafter	Sent for Approval
10/27/2006	1	Utilities Drafter	Sent for Approval

Explanation


BACKGROUND: This legislation requests transfer of $1,046,900 from Object Level One: 01 and 06 to Object Level One: 02 within the Electricity Operating Fund 550. The need to transfer funding within the Electricity Operating Fund budget was identified in the third quarter budget review. A surplus in Object Level One: 01, Personal Services, is primarily due to personnel vacancies and a surplus in Object Level One: 06 is due to a deferment of purchases of commodities and large trucks. A projected deficit in Object Level One: 02, Materials and Supplies, is due to increased costs for purchased power and the need to encumber sufficient funds to pay power bills received prior to passage of the 2007 operating budget and establishment of a purchase order based on the new budget. This legislation will align the budget authority with projected expenditures.

Emergency action is requested in order that this transaction may be completed in order that funding will be available to establish an agreement for payment of purchase power invoices. An ordinance to establish funding for payment of purchase power has been prepared and is being processed for City Council's consideration.

FISCAL IMPACT: No increase in overall funding is requested. There is sufficient appropriation available in Object Level One: 01, Personal Services, and 06, Capital Outlay, for this requested transfer to Object Level One: 02, Materials and Supplies.



Title


To authorize the transfer of appropriations within the Electricity Operating Fund to align budget authority with projected expenditures for the Division of Power and Water, and to declare an emergency. ($1,046,900.00)



Body

WHEREAS, the third quarterly review of the Electricity Operating Fund budget identified a surplus in Object Level One: 01, Personal Services, and Object Level One: 06, Capital Outlay, and a deficit in Object Level One: 02, Materials and Services; and

WHEREAS, additional fu...