Explanation
Background:
The Department of Development has five Capital Improvement projects in fund No. 742 with unencumbered cash balances of less than $4,000.00. The Department of Development has no specific plans to use the remaining unencumbered balances in these projects for their original purposes and therefore there exists a need to transfer the unencumbered balances from these projects to another project within fund No. 742.
Emergency legislation is requested so as to make these funds immediately available for appropriation.
Fiscal Impact:
There is no fiscal impact of this legislation.
Title
To authorize the City Auditor to transfer the unencumbered cash balances of five Capital Improvement projects within Development Capital Fund No. 742, and to declare an emergency.
Body
WHEREAS, the Department of Development no longer intends to spend the unencumbered balances of these projects for their original purposes;
WHEREAS, the Finance and Management Department has recommended that the Department of Development transfer funds from the identified projects; and
WHEREAS, the Department of Development could use the unencumbered cash balances from these projects for other Capital Improvement purposes; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor be and is hereby authorized to transfer unencumbered cash balances within the Department of Development Capital Projects Fund 742 as follows:
FROM:
Fund Project No. Amount
742 440061 $ 0.19
742 440067 $ 175.00
742 440085 $ 3,500.45
742 530587 $ 0.60
742 655103 $ 0.24
TO: Fund No. 742, Division 44-01, Project No. 440104, Miscellaneous Economic Development, OCA code 440104, Object Level One 06, Object Level Three 6621.
Section 2. That for the reasons stated ...
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