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File #: 2398-2003    Version: 1
Type: Ordinance Status: Passed
File created: 10/23/2003 In control: Utilities Committee
On agenda: 12/1/2003 Final action: 12/3/2003
Title: To authorize and direct the City Auditor to transfer $1,000,000.00 in appropriation authority within the Electricity Operating Fund to provide funding for personnel and services; and to declare an emergency. ($1,000,000.00)
Attachments: 1. ORD2398-2003funding.pdf
Date Ver.Action ByActionResultAction DetailsMeeting Details
12/3/20031 CITY CLERK Attest  Action details Meeting details
12/2/20031 ACTING MAYOR Signed  Action details Meeting details
12/1/20031 Columbus City Council ApprovedPass Action details Meeting details
12/1/20031 COUNCIL PRESIDENT Signed  Action details Meeting details
11/18/20031 CITY AUDITOR Reviewed and Approved  Action details Meeting details
11/18/20031 Utilities Drafter Sent to Clerk's Office for Council  Action details Meeting details
11/17/20031 Utilities Drafter Sent for Approval  Action details Meeting details
11/17/20031 Auditor Reviewer Reviewed and Approved  Action details Meeting details
11/14/20031 Finance Reviewer Reviewed and Approved  Action details Meeting details
11/14/20031 FINANCE DIRECTOR Reviewed and Approved  Action details Meeting details
11/13/20031 UTILITIES DIRECTOR Reviewed and Approved  Action details Meeting details
11/13/20031 Utilities Drafter Sent for Approval  Action details Meeting details
11/7/20031 UTILITIES DIRECTOR Reviewed and Approved  Action details Meeting details
10/30/20031 Utilities Reviewer Reviewed and Approved  Action details Meeting details
10/30/20031 Utilities Drafter Sent for Approval  Action details Meeting details
10/29/20031 Utilities Drafter Sent for Approval  Action details Meeting details
10/28/20031 Utilities Reviewer Reviewed and Approved  Action details Meeting details
10/27/20031 Utilities Drafter Sent for Approval  Action details Meeting details
Explanation

BACKGROUND: This ordinance authorizes a transfer of $1,000,000.00 between object levels within the Electricity Operating Fund to align budget authority with projected expenditures. There is insufficient budget authority in Object Level One: 01 and 03 to meet the division's need for personnel costs and services through the remainder of 2003.

The Division is projecting to be over budget in Object Level One: 01 primarily due to salaries, unexpected Worker's Compensation costs and unforeseen overtime expenses due to the Town Street Bridge incident and subsequent street light grounding work.

The Division is also projecting to be over budget in Object Level One: 03 due to the unforeseen need for professional services, increases in utility costs, unexpected costs and increases in internal billings for DOT expenses, Fleet Management, Department of Transportation reimbursement, and Pro Rata.

Due to purchase power costs being lower than projected, there is sufficient budget authorizing in Object Level One: 02 for these transfers.

Emergency action is requested to facilitate this financial transaction as soon as possible.

FISCAL IMPACT: Funds are available in the approved 2003 operating budget to accommodate this transfer. Additionally, this transfer is consistent with the third quarter 2003 financial projections.


Title

To authorize and direct the City Auditor to transfer $1,000,000.00 in appropriation authority within the Electricity Operating Fund to provide funding for personnel and services; and to declare an emergency. ($1,000,000.00)


Body

WHEREAS, the Department of Public Utilities, Division of Electricity, requires budget authority for personnel costs and for the purchase of services; and

WHEREAS, funds are available in the approved 2003 operating budget to accommodate this transfer and said transfer is consistent with third quarter 2003 financial projects; and

WHEREAS, it is necessary to transfer...

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