Explanation
Background: To amend the 2005 Capital Improvement Budget (CIB) to accommodate the issuing General Obligation Bonds for the City of Columbus. The CIB needs to be amended to reflect issuing bonds for the following:
Facilities Management: One Stop Shop ($500,000). Increase in budget authority for Special Income Tax supported debt.
Information Services: Clearpath Server for Payroll and LEADS ($660,193).
HVAC Upgrade for the Data Center ($229,807).
No increase in budget authority, other project amounts being decreased. This debt will be serviced from Information Services.
Municipal Court Clerk: Imaging System ($1,200,000). Increase in budget authority. Debt will be supported by fees from the Municipal Court operations.
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 promots accurate accounting and financial management.
Title
To amend the 2005 Capital Improvement Budget to allow for issuing general obligation bonds for various capital projects in the December bond sale; and to declare an emergency.
Body
WHEREAS, it is necessary to amend the 2005 Capital Improvements Budget (CIB) to allow for the issuing of general obligation bonds in the upcoming December bond sale.
WHEREAS, an emergency exists in the Facilities Management Division, the Division of Information Services, and Municipal Court Clerk in that it is immediately necessary to amend the Capital Improvements Budget to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up to date financial posting promots accurate accounting and financial management.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS
Section 1. That the 2005 CIB is hereby amended as follows:
Facilities Management...
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