City of Columbus - File #: 1418-2009

• File #: 1418-2009
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/16/2009
• In control: Utilities Committee
• On agenda: 12/7/2009
• Final action: 12/9/2009
• Title: To authorize and direct the City Auditor to transfer $518,733.32 within the Sanitary B.A.B.s (Build America Bonds) Fund; to amend the 2009 Capital Improvement Budget for the Division of Sewerage and Drainage; and to declare an emergency. ($0)

Date	Ver.	Action By	Action	Result
12/9/2009	1	CITY CLERK	Attest
12/8/2009	1	MAYOR	Signed
12/7/2009	1	Columbus City Council	Approved
12/7/2009	1	COUNCIL PRESIDENT	Signed
12/1/2009	1	City Clerk's Office	Sent back for Clarification/Correction
12/1/2009	1	Utilities Drafter	Sent to Clerk's Office for Council
11/24/2009	1	Utilities Drafter	Sent for Approval
11/24/2009	1	Auditor Reviewer	Reviewed and Approved
11/24/2009	1	CITY AUDITOR	Reviewed and Approved
11/24/2009	1	Utilities Drafter	Sent for Approval
11/24/2009	1	CITY ATTORNEY	Reviewed and Approved
11/24/2009	1	Utilities Drafter	Sent to Clerk's Office for Council
11/23/2009	1	Utilities Drafter	Sent for Approval
11/23/2009	1	Finance Reviewer	Reviewed and Approved
11/12/2009	1	Finance Reviewer	Reviewed and Approved
11/12/2009	1	Finance Reviewer	Reviewed and Approved
11/12/2009	1	FINANCE DIRECTOR	Reviewed and Approved
11/11/2009	1	Utilities Drafter	Sent for Approval
11/10/2009	1	Utilities Drafter	Sent for Approval
11/10/2009	1	Finance Reviewer	Sent for Approval
10/29/2009	1	Utilities Drafter	Sent for Approval
10/29/2009	1	Auditor Reviewer	Reviewed and Disapproved
10/23/2009	1	UTILITIES DIRECTOR	Reviewed and Approved
10/22/2009	1	Utilities Reviewer	Reviewed and Approved
10/22/2009	1	Utilities Reviewer	Sent for Approval
10/19/2009	1	Utilities Drafter	Sent for Approval

Explanation

1.) BACKGROUND:
This legislation is to authorize and direct the City Auditor to transfer cash, $518,733.32, within Fund 668, the Sanitary B.A.B.s (Build America Bonds) Fund and to amend the 2009 Capital Improvement Budget for the Division of Sewerage and Drainage for Capital Improvement Projects: 650460-100000; 650745-100000; 650350-100001; and 650404-100039.

The project, CIP 650460-100000 - Ordinance 1112-2009, currently has certifications against the reserves in the amount of $2,627,494.32. The bond sale deposits will total only $2,502,854. This will leave a shortfall of $124,641. This legislation authorizing this transfer will address the shortfall.

The project, CIP 650745-100000 - Ordinance 1331-2009, will have certifications against the reserves in the amount of $2,079,156. The bond sale deposits will total $1,725,000 for this project. This will leave a shortfall of $354,156. This legislation will address this shortfall.

The project, CIP 650350-100001 - Ordinance 0607-2009, has certifications against the reserves in the amount of $221,820.00. It was determined that there were Non-Eligible WPCLF costs of $27,727.00 involved with this project. This legislation will address the non-eligible cost by transferring cash and budget authority within Fund 668 based upon authority already approved by City Council.

The project, CIP 650350-100001 - Ordinance 0871-2009, has certifications against the reserves in the amount of $78,960. It was determined that there were Non-Eligible WPCLF costs of $9,870.00 involved with this project. This legislation will address the non-eligible cost by transferring cash and budget authority within Fund 668 based upon authority already approved by City Council.

The project, CIP 650404-100039 - Ordinance 0978-2009, has certifications against the reserves in the amount of $1,912,855.44. It was been determined that there were Non-Eligible WPCLF costs of $2,340.00 involved with this project. This legisla...