Explanation
The Transportation Division is responsible for maintaining the City's roadways. The City receives an annual allocation of funds from the County's $5.00 Auto License Tax for Franklin County Engineer-approved projects completed by the City on arterial streets within City limits. This allocation is based on motor vehicle registrations within Columbus limits and is estimated to generate $2,700,000.00 for 2004. In addition, some $340,042.38 in 2002 and 2003 carryover funding is being re-appropriated. After receipt these funds are deposited into the City's County Auto License Tax Fund (Fund 264) and are used to reimburse costs incurred by the Transportation Division within other Funds. Preliminary approval for funding these projects has been received from the Franklin County Engineer.
This ordinance also authorizes the expenditure of $185,183.17 to reimburse the Franklin County Engineering Department for County Auto License Tax money previously requested and received for snow removal work that was not undertaken by the Transportation Division in 2002 due to a mild winter. This reimbursed money is placed in the city's account by the Franklin County Engineer is available for future draw down by the city.
This ordinance authorizes the appropriation and expenditure of $3,040,042.38 within the County Auto License Tax Fund as follows:
Projects Amount
2002 Snow Removal $185,183.17
2003 Signs and Street Markings $112,453.31
Snouffer Road Resurfacing $42,405.90
2004 Signals $1,900,000.00
2004 Signs and Pavement Markings $800,000.00
Total $3,040,342.38
FISCAL IMPACT: Actual and anticipated receipts into the County Auto License Tax Fund ar...
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