Explanation
BACKGROUND AND FISCAL IMPACT:
This ordinance cancels a portion of a 1998 encumbrance. An encumbrance in the amount of $1.5 million was established in 1998 for a health and safety management program, using proceeds from a refund from the Ohio Bureau of Workers Compensation. In 2003, $1 million of this encumbrance was cancelled as part of Ordinance No. 786-03. When Council amended the general fund appropriation ordinance in February, it contemplated that an additional $300,000 of this encumbrance could be cancelled in order to increase the unappropriated general fund balance.
FISCAL IMPACT:
This cancellation will leave a balance of $100,000 on this certificate.
Title
To authorize and direct the cancellation of $300,000 from an auditor's certificate within the general fund, Department of Finance, and to declare an emergency ($300,000).
Body
WHEREAS, an encumbrance in the amount of $1.5 million was established in 1998 for a health and safety management program, using proceeds from a refund from the Ohio Bureau of Workers Compensation; and
WHEREAS, it has been determined that $300,000 of this encumbrance can be cancelled; and
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary to undertake the aforementioned action, thereby preserving the public health, peace, property, safety and welfare; Now, Therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS
SECTION 1. That the City Auditor is hereby authorized and directed to unencumber $300,000 in the General Fund, Fund 010, Department of Finance, Department No. 45-01, Object Level One 10, Object Level Three 5501, OCA 904508, as the result of a partial cancellation of AC802523.
SECTION 2. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and...
Click here for full text