Explanation
BACKGROUND: This legislation is needed to transfer money between two projects within the Water Limited Fund. It serves as a companion piece of legislation to provide additional monies for Morse Road 36" Water Main.
This ordinance is submitted as an emergency so as 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 $30,000.00 within the Water Limited Fund to fund the Morse Road 36" Water Main project for the Division of Water, and to declare an emergency. ($30,000.00)
Body
WHEREAS, it is required in the usual daily operation of the Division of Water, Department of Public Utilities, to provide funding for the Morse Road 36" Water Main project, and
WHEREAS, an emergency exists in the usual daily operations of the Division of Water, Department of Public Utilities in that it is immediately necessary to transfer funds between two projects within Fund No. 607, 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 appropriate and transfer monies within the Water Limited Fund No. 607, Object Level One 06, Object Level Three 6601, as follows:
FROM:
607999 Unallocated Balance,
OCA Code 642926 $30,000.00
TO:
690474 Morse Road 36" Water Main,
OCA Code 607474 $30,000.00
Section 2. That for the reasons stated in the preamble hereto, which is hereby made a part thereof, this ordinance is declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage, if the Mayor neither approves nor vetoes the same.