City of Columbus - File #: 0942-2009

• File #: 0942-2009
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/24/2009
• In control: Utilities Committee
• On agenda: 9/14/2009
• Final action: 9/16/2009
• Title: To authorize the transfer of $34,114.75 within the Voted Street Lighting and Electricity Distribution Improvement Fund; to authorize the transfer of $95,838.36 from the Electricity Reserve Fund to the Voted Street Lighting and Electricity Distribution Improvement Fund; and to authorize the City Auditor to reimburse the operating fund in the amount of $129,953.11 for labor and equipment costs incurred in the installation of various street lighting projects; and to authorize an amendment to the 2009 Capital Improvements Budget for the Division of Power and Water. ($129,953.11)

Date	Ver.	Action By	Action	Result
9/16/2009	1	CITY CLERK	Attest
9/15/2009	1	MAYOR	Signed
9/14/2009	1	Columbus City Council	Approved
9/14/2009	1	COUNCIL PRESIDENT	Signed
7/27/2009	1	Columbus City Council	Read for the First Time
7/10/2009	1	Auditor Reviewer	Reviewed and Disapproved
7/10/2009	1	Utilities Drafter	Sent for Approval
7/10/2009	1	Auditor Reviewer	Reviewed and Approved
7/10/2009	1	CITY AUDITOR	Reviewed and Approved
7/10/2009	1	Utilities Drafter	Sent for Approval
7/10/2009	1	CITY ATTORNEY	Reviewed and Approved
7/10/2009	1	Utilities Drafter	Sent to Clerk's Office for Council
7/8/2009	1	Finance Reviewer	Reviewed and Approved
7/8/2009	1	FINANCE DIRECTOR	Reviewed and Approved
7/8/2009	1	Utilities Drafter	Sent for Approval
7/7/2009	1	Finance Reviewer	Reviewed and Approved
7/2/2009	1	Utilities Drafter	Sent for Approval
7/1/2009	1	Utilities Reviewer	Reviewed and Approved
7/1/2009	1	Utilities Drafter	Sent for Approval
7/1/2009	1	Utilities Reviewer	Sent for Approval
7/1/2009	1	UTILITIES DIRECTOR	Reviewed and Approved
6/29/2009	1	Utilities Reviewer	Reviewed and Approved
6/29/2009	1	Utilities Reviewer	Reviewed and Approved
6/26/2009	1	Utilities Reviewer	Reviewed and Approved
6/24/2009	1	Utilities Drafter	Sent for Approval

Explanation

BACKGROUND: This legislation authorizes the City Auditor to allow the Division of Power and Water's (Power) capital bonds fund to reimburse the operating fund, for labor and equipment costs incurred in the installation of various street lighting projects from November 1, 2008 through June 12, 2009.

FISCAL IMPACT: This legislation includes a transfer of funds within the Voted Street Lighting and Electricity Distribution Improvement Fund, a transfer from the Electricity Reserve Fund to the Voted Street Lighting and Electricity Distribution Improvement Fund as a temporary measure until such time as the proceeds from a bond sale can be made available, and an amendment to the 2009 Capital Improvements Budget.


Title

To authorize the transfer of $34,114.75 within the Voted Street Lighting and Electricity Distribution Improvement Fund; to authorize the transfer of $95,838.36 from the Electricity Reserve Fund to the Voted Street Lighting and Electricity Distribution Improvement Fund; and to authorize the City Auditor to reimburse the operating fund in the amount of $129,953.11 for labor and equipment costs incurred in the installation of various street lighting projects; and to authorize an amendment to the 2009 Capital Improvements Budget for the Division of Power and Water. ($129,953.11)


Body

WHEREAS, it is necessary to reimburse the Division of Power and Water (Power) for labor and equipment incurred in the installation of various street lighting projects; and

WHEREAS, the costs from the operating fund are reimbursed through the capital bonds fund; and

WHEREAS, it is necessary to authorize an amendment to the 2009 Capital Improvements Budget for purposes of providing sufficient funding and expenditure authority for the aforementioned project expenditure; and

WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds from the Power System Reserve Fund to the Voted Street Lighting and Elect...