Explanation
Background: This ordinance authorizes the appropriation of $35,000,000.00 in the General Fund Income Tax Set Aside (ITSA) Subfund 100099; transfers within the Street Construction and Maintenance Repair (SCMR) Fund, Fund 2265, Subfund 000000; an expenditure correction in the amount of $20,661,971.86 from the general fund, Fund 1000, Subfund 100010 to the General Fund Income Tax Set Aside Subfund 100099; the cancellation of the balance of PO497173 to Solid Waste Authority of Central Ohio (SWACO) in the amount of $6,864,872.77, to be reestablished in the General Fund ITSA Subfund; the cancellation of the balance of PO497824 to RUMPKE for yard waste and recycling services in the amount of $7,473,155.37, to be reestablished in the General Fund ITSA Subfund.
These expenditure corrections and transfers are necessary to provide funding for basic city services for the remainder of 2025.
Fiscal Impact: Funding is available in the General Fund ITSA Subfund in the Department of Finance and Management
Emergency Designation: This ordinance is submitted as an emergency to allow these financial transactions to be posted in the city's accounting system as soon as possible to allow divisions to operate without interruption through the end of 2025. Up to date financial posting promotes accurate accounting and financial management.
Title
To authorize the appropriation of $35,000,000.00 in the General Fund Income Tax Set Aside (ITSA) Subfund; to authorize transfers within the Street Construction Maintenance and Repair (SCMR) Fund; to authorize an expenditure correction in the amount of $20,661,971.86 from the general fund to the General Fund ITSA Subfund; to authorize the cancellation of the balance of PO497173 to Solid Waste Authority of Central Ohio (SWACO) in the amount of $6,864,872.77; to reestablishe the amount of $6,864,872.77 to SWACO in the General Fund ITSA Subfund; to authorize the cancellation of the balance of PO497824 to RUMPKE for yard waste and recyclin...
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