City of Columbus - File #: 1563-2005

• File #: 1563-2005
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 9/16/2005
• In control: Public Service & Transportation Committee
• On agenda: 10/17/2005
• Final action: 10/20/2005
• Title: To authorize the City Auditor to appropriate and transfer $597,495.46 from the State Issue II State Projects Fund to the Local Transportation Improvement Fund, to appropriate and transfer $6,776.561.57 Local Transportation Improvement Fund for resurfacing and wheelchair ramps, and to make any and all accounting adjustments needed to properly account for the transfers between grants, appropriations and expenditures for the capital improvement grants within this ordinance for the Transportation Division, and to declare an emergency. ($0)

Date	Ver.	Action By	Action	Result
10/20/2005	1	ACTING CITY CLERK	Attest
10/19/2005	1	MAYOR	Signed
10/17/2005	1	Columbus City Council	Approved	Pass
10/17/2005	1	COUNCIL PRESIDENT	Signed
10/3/2005	1	Auditor Reviewer	Reviewed and Approved
10/3/2005	1	CITY AUDITOR	Reviewed and Approved
10/3/2005	1	SERVICE DIRECTOR	Sent to Clerk's Office for Council
9/27/2005	1	SERVICE DIRECTOR	Reviewed and Approved
9/26/2005	1	Finance Reviewer	Reviewed and Approved
9/26/2005	1	FINANCE DIRECTOR	Reviewed and Approved
9/22/2005	1	SERVICE DIRECTOR	Reviewed and Approved
9/21/2005	1	Service Reviewer	Reviewed and Approved
9/16/2005	1	Service Drafter	Sent for Approval

Explanation

Background: The Public Service Department, Transportation Division, administers over twenty grants involving capital improvement projects which are funded from different funding sources - federal, State, OPWC, State Issue II, etc. Proper and consistent accounting of these projects and grants is essential.

An appropriation and transfer of funds is necessary between two grants within the Local Transportation Improvement Fund (Fund 763) because funds for resurfacing reside within one grant, but encumbrances reside within another corresponding grant. These adjustments must be made as soon as possible to provide the funding necessary for payments to vendors.

Emergency action is requested to allow the financial transactions to be posted in the City's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.

Fiscal Impact: This ordinance appropriates and transfers $597,495.56 within State Issue II State Projects Fund, Fund 764, Grant number 563001, Resurfacing - Wheelchair Ramps to the Local Transportation Fund, Fund 763, Grant number 563001 Resurfacing - Wheelchair Ramps. This will then allow the necessary appropriation and transfer of $6,776,561.57 between grants within the Local Transportation Improvement Fund, Fund 763 from grant number 563001, Resurfacing - Wheelchair Ramps (CC02F) to grant number 563002, Resurfacing - Wheelchair Ramps (CCO09).

Title

To authorize the City Auditor to appropriate and transfer $597,495.46 from the State Issue II State Projects Fund to the Local Transportation Improvement Fund, to appropriate and transfer $6,776.561.57 Local Transportation Improvement Fund for resurfacing and wheelchair ramps, and to make any and all accounting adjustments needed to properly account for the transfers between grants, appropriations and expenditures for the capital improvement grants within this ordinance for the Transportation Division, and to...