City of Columbus - File #: 0823-2004

• File #: 0823-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/23/2004
• In control: Utilities Committee
• On agenda: 6/21/2004
• Final action: 6/23/2004
• Title: To appropriate and authorize the City Auditor to transfer $306,776.36 from the Water System Reserve Fund to the Waterworks Enlargement Voted 1991 Bonds Fund for the purpose of funding the Upground Reservoirs, for the Division of Water, and to declare an emergency. ($306,776.36)

Date	Ver.	Action By	Action	Result
6/23/2004	1	CITY CLERK	Attest
6/22/2004	1	MAYOR	Signed
6/21/2004	1	Columbus City Council	Approved	Pass
6/21/2004	1	Columbus City Council	Taken from the Table	Pass
6/21/2004	1	COUNCIL PRESIDENT	Signed
6/14/2004	1	Columbus City Council	Tabled to Certain Date	Pass
6/3/2004	1	FINANCE DIRECTOR	Reviewed and Approved
6/3/2004	1	Utilities Drafter	Sent to Clerk's Office for Council
6/2/2004	1	CITY ATTORNEY	Reviewed and Approved
6/2/2004	1	Utilities Drafter	Sent for Approval
6/2/2004	1	Finance Reviewer	Reviewed and Approved
5/19/2004	1	Auditor Reviewer	Contingent Within
5/19/2004	1	CITY AUDITOR	Reviewed and Approved
5/19/2004	1	Utilities Drafter	Sent for Approval
5/17/2004	1	Finance Reviewer	Reviewed and Approved
5/17/2004	1	Utilities Drafter	Sent for Approval
5/12/2004	1	Utilities Drafter	Sent for Approval
5/7/2004	1	ODI DIRECTOR	Reviewed and Approved
5/5/2004	1	EBOCO Reviewer	Reviewed and Approved
5/4/2004	1	Utilities Drafter	Sent for Approval
5/3/2004	1	Utilities Drafter	Sent for Approval
5/3/2004	1	Utilities Drafter	Sent for Approval
5/3/2004	1	UTILITIES DIRECTOR	Reviewed and Approved
5/3/2004	1	UTILITIES DIRECTOR	Reviewed and Approved
4/29/2004	1	Utilities Drafter	Sent for Approval

Explanation

BACKGROUND: This legislation provides for appropriating and transferring funds from the Water System Reserve Fund for the Upground Reservoirs.

EMERGENCY: 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 appropriate and authorize the City Auditor to transfer $306,776.36 from the Water System Reserve Fund to the Waterworks Enlargement Voted 1991 Bonds Fund for the purpose of funding the Upground Reservoirs, for the Division of Water, and to declare an emergency. ($306,776.36)



Body

WHEREAS, It is required in the usual daily operation of the Division of Water, Department of Public Utilities, to provide funding for the Upground Reservoirs, and

WHEREAS, The funding method for this expenditure is a temporary measure until such time as the City sells notes or bonds for the above stated purpose, and

WHEREAS, An emergency exists in the usual daily operation Division of Water, Department of Public Utilities in that it is immediately necessary to appropriate funds from the Water System Reserve Fund, so as to allow the financial transaction to be posted in the City's accounting system as soon as possible and to ensure the availability of necessary project funds, all for the immediate preservation of public health, peace, property, safety and welfare; now therefore,

WHEREAS, The aggregate principal amount of obligations which the City will issue to finance the project is presently expected not to exceed $306,776.36, and

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS

Section 1. That from the unappropriated monies in the Water System Reserve Fund 603, and from all monies estimated to come into said fund from any and all sources, and unappropriated for any other purpose during the fiscal year ending December 31, 2004, the ...