Explanation
This legislation transfers a total of $2,741,000.00 from Object Level One 04 to Object Level One 03, 05 and 06 within the Water System Operating Fund 600. The need to transfer funding within the operating budget was identified in the third quarter budget review. The transfer is requested to cover anticipated expenses for materials, supplies, services, damage claims, and capital equipment identified in the third quarter review for the Division of Power and Water (W).
FISCAL IMPACT: Sufficient appropriation is available in Object Level One 04 for this requested transfer to Object Level One 03, 05 and 06. No increase in the total budget appropriation is estimated to be needed.
Title
To authorize the City Auditor to transfer of $2,741,000.00 within the Water System Operating Fund to align budget authority with projected expenditures and declare an emergency. ($2,741,000.00)
Body
WHEREAS, anticipated expenditures within Character 03, 04, 05 and 06 for the remainder of the 2008 Fiscal Year necessitates the transfer of funds within the Water System Operating Fund; and,
WHEREAS, available appropriation in Object Level One 04 can be transferred to Object Level One 03, 05 and 06; and,
WHEREAS, an emergency exists in the usual daily operations of the Division of Power and Water, Department of Public Utilities, in that it is necessary to transfer appropriation within the Water System Operating Fund for the immediate preservation of the public health, peace, property, safety, and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section l. That the City Auditor be and is hereby authorized and directed to transfer $2,741,000.00 within the Water System Operating Fund 600, Dept/Div. No. 60-09 as follows:
FROM:
OCA Code: 602235
Object Level One 04
Object Level Three 4410
Amount: $2,741,000.00
Total: $2,741,000.00
TO:
OCA Code: 601849
Object Level One 03
Object Level Three 3390...
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