Explanation
1. BACKGROUND
The Division of Planning and Operations is responsible for maintaining the City's roadways. As a part of this activity, the City receives an annual allocation of funds from the County's $5.00 Auto License Tax for maintenance and upgrade work that has been completed by the City on arterial streets within City limits that are the responsibility of the Franklin County Engineer. This allocation is based on motor vehicle registrations within Columbus limits. After receipt, these funds are deposited into the City's County Auto License Tax Fund (Fund 264) and are then subsequently transferred to the Street Construction Maintenance and Repair Fund No. 265 when the maintenance activity is actually completed.
This ordinance authorizes the movement of funds from fund 264 to fund 265 by internal bill. All funds necessary to carry out the purpose of this ordinance are deemed appropriated in an amount not to exceed cash received from Franklin County in 2014.
2. FISCAL IMPACT
Actual and anticipated receipts into the County Auto License Tax Fund are estimated to be sufficient to support this appropriation and give The Division of Planning and Operations the ability to invoice for time and material work done on arterial streets owned by Franklin County, and to meet revenue projections of the Street Construction Maintenance and Repair Fund which supports the Division of Planning and Operations.
3. EMERGENCY DESIGNATION
Emergency action is requested in order to provide for this appropriation action taking effect immediately to promote efficient accounting practices and maintain prudent cash flow to division operating funds.
Title
To authorize the appropriation of funds within the County Auto License Tax Fund; to authorize the Director of Public Service to expend said monies or so much thereof as may be needed for Franklin County Engineer-approved roadway construction and maintenance projects undertaken by the Division of Planning and Ope...
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