Explanation
The Public Service Department, Transportation Division, effects roadway improvement projects utilizing capital improvement funds that may include grant funding from other jurisdictions such as the State of Ohio (Department of Transportation and Ohio Public Works Commission), Franklin County and/or the Mid-Ohio Regional Planning Commission. The capital improvement and grant monies are deposited into specific Funds based on grantor funds' origin. At the conclusion of each capital improvement project a closeout process occurs by which remaining monies in each project are either returned to the granting agency (if the other entity fronted the money) or are made available for other roadway capital improvement purposes (if expenses were reimbursed to the City of Columbus).
Fiscal Impact: This ordinance transfers $519,743.01 between projects within the Local Transportation Improvement Project Fund to make money available for the Sullivant/Demorest Improvement project that is being legislated separately and $2,121,363.93 within and from two other Funds as appropriate to complete this grant close-out process. As well, some of the transferred money will be utilized for other roadway and Transportation-related facilities capital improvements. Authorization for these projects is presented in separate legislation.
Emergency action is requested to close out completed grants in an expeditious manner in the interest of timely and accurate accounting.
Title
To authorize the City Auditor to appropriate and transfer $519,743.01 between grants within the Local Transportation Improvement Fund; $1,896,232.41 between and from the State Issue Two Street Projects Fund and $225,131.52 between grants within and from the Federal-State Highway Engineering Fund to the Streets and Highway Improvement Fund with all transfers representing the completion and close-out of grant-funded Transportation Division roadway improvement projects; to authorize the appropria...
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