City of Columbus - File #: 0644-2006

• File #: 0644-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 3/20/2006
• In control: Utilities Committee
• On agenda: 4/24/2006
• Final action: 4/27/2006
• Title: To authorize the City Auditor to transfer $128,422.90 within the Storm Sewer Bond Fund, and $464,636.65 within the Voted Sanitary Bond Fund for purposes of reallocating specific account balances as required for the Division of Sewerage and Drainage; to amend the 2005 Capital Improvements Budget; and to declare an emergency. ($593,059.55)

Date	Ver.	Action By	Action	Result
4/27/2006	1	ACTING CITY CLERK	Attest
4/26/2006	1	MAYOR	Signed
4/24/2006	1	Columbus City Council	Approved	Pass
4/24/2006	1	COUNCIL PRESIDENT	Signed
4/13/2006	1	CITY ATTORNEY	Reviewed and Approved
4/13/2006	1	Utilities Drafter	Sent to Clerk's Office for Council
4/12/2006	1	Auditor Reviewer	Reviewed and Approved
4/12/2006	1	CITY AUDITOR	Reviewed and Approved
4/12/2006	1	Utilities Drafter	Sent for Approval
4/10/2006	1	FINANCE DIRECTOR	Reviewed and Approved
4/10/2006	1	Utilities Drafter	Sent for Approval
4/7/2006	1	Finance Reviewer	Reviewed and Approved
4/6/2006	1	UTILITIES DIRECTOR	Reviewed and Approved
4/6/2006	1	Utilities Drafter	Sent for Approval
4/5/2006	1	Utilities Reviewer	Reviewed and Approved
4/5/2006	1	Utilities Reviewer	Sent for Approval
4/3/2006	1	Utilities Drafter	Sent for Approval
3/21/2006	1	Utilities Drafter	Sent for Approval

Explanation
1. BACKGROUND:
This legislation requests authority for the City Auditor to transfer funds within the Storm Sewer Bond Fund and the Voted Sanitary Bond Fund for purposes of reallocating funds to two sanitary projects and one stormwater project that currently have cash funding balancing needs.

The two sanitary projects are the Jackson Pike Wastewater Treatment Plant New Headworks Project and the Southerly Wastewater Treatment Plant New Headworks Project. The stormwater project is the Woodland & Fifth Avenue Area Project.

2. FISCAL IMPACT:
The project accounts for which funds are being transferred currently have residual funds that are not currently required. These projects will not be adversely affected by this fund transfer ordinance.

3. EMERGENCY DESIGNATION:
The Division of Sewerage and Drainage is requesting that City Council consider this legislation an emergency measure in order 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 City Auditor to transfer $128,422.90 within the Storm Sewer Bond Fund, and $464,636.65 within the Voted Sanitary Bond Fund for purposes of reallocating specific account balances as required for the Division of Sewerage and Drainage; to amend the 2005 Capital Improvements Budget; and to declare an emergency. ($593,059.55)

Body
WHEREAS, the Division of Sewerage and Drainage of the Department of Public Utilities has an identifed funding need within three capital improvements projects within the Storm Sewer Bond Fund and the Voted Sanitary Bond Fund; and

WHEREAS, an emergency exists in the usual daily operation of the Division of Sewerage and Drainage, Department of Public Utilities in that the City Auditor and the Department of Finance and Management have determined it it necessary for this City Council to authorize the transfer of availa...