Explanation
Background:
This ordinance will authorize the transfer of funds and various expenditures for labor, materials and equipment in conjunction with various facility improvements.
Work will include installation of playground equipment, lighting, fencing, walkways, etc. All work will be based on three estimates obtained from qualified contractors and will not exceed $20,000.00 per job.
Funding for these expenditures is being transferred from the unallocated balance of funds within the Voted 1995 and 1999 Parks and Recreation Bond Fund to the Park and Playground Improvement Project.
The transfer of funding within fund 702 is required to allow for all outstanding project balances to have a zero balance prior to SIT transfers. This transfer of funding will provide an additional $819.62 project balance in park and playground project#510017. These funds will be expended in future North Bank Park development legislation.
Emergency action is requested to allow these projects to proceed in a timely manner and to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up-to-date financial posting promotes accurate accounting and financial management.
Title
To authorize the transfer of $48,187.66 within the Voted 1995 and 1999 Parks and Recreation Bond Fund and to authorize the expenditure of $47,368.04 from the Voted 1995 and 1999 Parks and Recreation Bond Fund for various park and playground improvements, and to declare an emergency. ($47,368.04)
Body
WHEREAS, various park and playground improvements are necessary within the Recreation and Parks Department; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to transfer and expend these funds to allow these projects to proceed in a timely manner; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the purchase of...
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