City of Columbus - File #: 1451-2010

• File #: 1451-2010
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 9/30/2010
• In control: Recreation & Parks Committee
• On agenda: 10/25/2010
• Final action: 10/27/2010
• Title: To authorize the transfer of $607,163.52 within the voted Recreation and Parks Bond Fund and $363,608.00 within the Governmental B.A.B.s (Build America Bonds) Fund; to amend the 2010 Capital Improvements Budget; and to declare an emergency. ($970,771.52)

Date	Ver.	Action By	Action	Result
10/27/2010	1	CITY CLERK	Attest
10/26/2010	1	ACTING MAYOR	Signed
10/25/2010	1	Columbus City Council	Approved	Pass
10/25/2010	1	COUNCIL PRESIDENT	Signed
10/15/2010	1	Rec & Parks Drafter	Sent to Clerk's Office for Council
10/12/2010	1	CITY ATTORNEY	Reviewed and Approved
10/8/2010	1	Rec & Parks Drafter	Sent for Approval
10/8/2010	1	Auditor Reviewer	Reviewed and Approved
10/8/2010	1	Rec & Parks Drafter	Sent for Approval
10/8/2010	1	Rec & Parks Drafter	Sent for Approval
10/8/2010	1	CITY AUDITOR	Reviewed and Approved
10/8/2010	1	Rec & Parks Drafter	Sent for Approval
10/7/2010	1	Finance Reviewer	Reviewed and Approved
10/7/2010	1	Finance Reviewer	Reviewed and Approved
10/7/2010	1	FINANCE DIRECTOR	Reviewed and Approved
10/6/2010	1	Finance Reviewer	Reviewed and Approved
10/4/2010	1	REC & PARKS DIRECTOR	Reviewed and Approved
10/4/2010	1	Rec & Parks Drafter	Sent for Approval
9/30/2010	1	Rec & Parks Drafter	Sent for Approval

Explanation
Background:
The purpose of this ordinance is to authorize the transfer of $607,163.52 within the voted Recreation and Parks Bond Fund No. 702 and to amend the 2010 Capital Improvements Budget to allow for funding to purchase recreation and parks equipment. In addition, this legislation will transfer $363,608.00 within the voted Recreation and Parks Bond Fund No. 746 to provide funding for future projects.

Emergency action is requested 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 $607,163.52 within the voted Recreation and Parks Bond Fund and $363,608.00 within the Governmental B.A.B.s (Build America Bonds) Fund; to amend the 2010 Capital Improvements Budget; and to declare an emergency. ($970,771.52)

Body


WHEREAS, cancellations within Capital Fund 702 were made totaling $172,166.00 and are being moved to an alternate project within Fund 702. In addition, $435,000.00 is also being moved within fund 702 to have funding available for equipment purchases; and

WHEREAS, funds are being moved to alternate projects within Fund 746 to establish correct funding locations for future capital improvement projects; and

WHEREAS, the 2010 Capital Improvement Budget will be amended to reflect the cancellations and fund transfers from various projects within Fund 702 for equipment, and within Fund 746 for future projects; and

WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to transfer said funds in order to allow the financial transaction to be posted in the City's accounting system as soon as possible; NOW, THEREFORE

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:

SECTION 1. That the City Auditor is hereby authorized to transfer $607,1...