Explanation
BACKGROUND:
This ordinance will authorize the transfer of $436,997.00 between Object Levels within the Department of Technology, Information Services Division, Operating Fund to re-align appropriation with projected expenditures that were identified in the 3rd Quarter Financial Review and a Mayor's Emergency Letter.
*PLEASE SEE ATTACHMENT A ORD. NO. 1954-2012
FISCAL IMPACT:
The funding associated with this ordinance is $436,997.00. This ordinance authorizes a transfer of $380,000 and $56,799.00 totaling $436,997.00 between Object Levels within the Department of Technology, Information Services Division, Operating Fund to provide funding for expenditures accordingly.
EMERGENCY:
Emergency action is requested by the Department of Technology to allow the financial transactions to be posted into the City's accounting system by the City of Columbus, City Auditor's Office as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
Title
To authorize and direct the City Auditor to transfer $436,997.00 between Object Levels within the Department of Technology, Information Services Division, Internal Services Operating Fund in order to provide the funding necessary to cover expenditures for the remainder of the year; and to declare an emergency. ($436,997.00)
Body
WHEREAS, anticipated expenditures for the remainder of the 2012 Fiscal Year necessitates this transfer of funds and this ordinance will authorize the City Auditor to transfer funds between Object Levels within the Department of Technology, Information Services Division, Operating Fund, in the amount of $436,997.00; and
WHEREAS, the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary; and
WHEREAS, an emergency exists in the usual daily operations of the City of Columbus, Department of Technology, in that it is...
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