Explanation
The Columbus Recreation and Parks Department is engaged in various Capital Improvements Projects. The cost of a capital asset should include all charges necessary to place the asset into its intended location and conditional use, which includes internal labor. City of Columbus direct labor costs for employees who are working in the capacity of project manager or construction are eligible to be capitalized to an identified capital project.
This ordinance authorizes the establishment of an auditor’s certificate in the amount of $1,200,000.00 for the reimbursement of staff time related to Recreation and Parks Capital Improvement Projects. $1,200,000.00 will be established for staff time reimbursements in accordance with the City Auditor’s Internal Labor Capitalization Policy. Reimbursements will be done via expenditure correction.
Emergency Justification: Emergency action is requested to ensure that the auditor’s certificate is available 3rd Quarter 2025 for staff time expenditure corrections.
Fiscal Impact: $1,200,000.00 is budgeted and available from within the Recreation and Parks Voted Bond Fund 7702 for this purpose.
Title
To authorize and direct the City Auditor to establish an auditor’s certificate in the amount of $1,200,000.00 for the reimbursement of staff time related to Recreation and Parks Capital Improvement Projects; to authorize the transfer of $1,200,000.00 between the General Fund Income Tax Set Aside Subfund and the Recreation and Parks Bond Fund; to authorize the appropriation of $1,200,000.00 in the Income Tax Set Aside Subfund and Recreation and Parks Voted Bond Fund; to authorize the expenditure of $1,200,000.00 from the Recreation and Parks Voted Bond Fund; and to declare an emergency. ($1,200,000.00)
Body
WHEREAS, it is necessary that the City Auditor to establish an auditor’s certificate in the amount of $1,200,000.00 for the reimbursement of staff time related to Recreation and Parks Capital Improvement Projects; an...
Click here for full text