Explanation
This legislation transfers a total of $700,000.00 from Object Level 1 06 to Object Level 1 02 within the Sewerage System Operating Fund 650. The need to transfer funding within the operating budget was identified in the second quarter budget review. The transfer is requested to cover anticipated expenses for heating oil for heating buildings at the Jackson Pike Wastewater Treatment Plant and Southerly Wastewater Treatment Plant and replacement parts to be purchased for equipment at the various locations within the Division of Sewerage and Drainage.
This legislation is requested to be an emergency so that funding will be made available as soon as possible so as not to have any break in procurement of the needed supply of heating oil for the winter and replacement parts for equipment for the Division of Sewerage and Drainage.
FISCAL IMPACT: Sufficient appropriation is available in Object Level 06 for this requested transfer to Object Level 1 02.
Title
To authorize the City Auditor to transfer of $700,000.00 within the Sewerage System Operating Fund to align budget authority with projected expenditures and to declare an emergency. ($700,000.00)
Body
WHEREAS, anticipated expenditures for heating oil for the Southerly Wastewater Treatment Plant and Jackson Pike Wastewater Treatment Plant and replacement parts for equipment for various sections of the Division of Sewerage and Drainage within Character 02 necessitates the transfer of funds within the Sewerage System Operating Fund; and,
WHEREAS, available appropriation in Object Level 06 can be transferred to Object Level 02; and,
WHEREAS, an emergency exists in the usual daily operations of the Division of Sewerage and Drainage, Department of Public Utilities, in that it is immediately necessary to transfer appropriation within the Sewerage System Operating Fund for the immediate preservation of the public health, peace, property, safety, and welfare; now, therefore,
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