Explanation
Background:
This ordinance will authorize the transfer of $5,131,209.77 within the voted Recreation and Parks Bond Fund No. 702, $77,503.40 within Fund 746, $172,630.40 within Fund 747, and to amend the 2011 Capital Improvements Budget to allow for funding to be in proper projects for 2012 projects and to account for the cancellations of 2011 encumbrances.
Emergency legislation is required to have the funding aligned for the start of 2012 budget year.
Fiscal Impact:
No fiscal Impact. Re-align existing appropriated funding.
Title
To authorize the transfer of $5,131,209.77 within the Recreation and Parks Bond Fund 702; to authorize the transfer of $77,503.40 within Recreation and Parks Bond Fund 746; to authorize the transfer of $172,630.00 within the Recreation and Parks Permanent Improvement Fund 747; to amend the 2011 Capital Improvements Budget; and to declare an emergency. ($0.00)
Body
WHEREAS, funds are being moved to alternate projects within Fund 702 to establish correct funding locations for 2012 projects and to account for encumbrance cancellations; and
WHEREAS, funds are being moved to alternate projects within Fund 746 to establish correct funding locations for 2012 projects and to account for encumbrance cancellations; and
WHEREAS, funds are being moved to alternate projects within Fund 747 to establish correct funding locations for 2012 projects; and
WHEREAS, the 2011 Capital Improvement Budget will be amended to reflect the fund transfers from projects within Funds 702, 746, 747 for 2012 projects; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to have funding aligned with the correct projects in preparation for the 2012 Capital Improvements Budget; NOW, THEREFORE
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor is hereby authorized to transfer $5,131,209.77 within the voted Recreation a...
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