Explanation
The Transportation Division, Public Service Department has had a number of damage claims and legal settlements during the current year. This ordinance authorizes the transfer of $165,000.00 within Street Construction and Maintenance Fund to cover the costs of the settlements.
Fiscal Impact: This transfer between object level one codes is necessary to make payment for settlements of legal claims using the current year appropriations.
Emergency action is requested to provide for expeditious close-out of the settlements and make these funds available to the division as soon as practical to meet anticipated 2006 needs.
Title
To authorize the City Auditor to transfer $165,000.00 between expenditure categores from 2006 Transportation Division appropriations within the Street Construction Maintenance and Repair Fund in order to provide funding for pending legal settlements and damage claims payments; and to declare an emergency. ($165,000.00)
Body
WHEREAS, there have been a number of legal claims settled by the City Attorney's office, and
WHEREAS, the amount of funding within the current 2006 operating budget is insufficient to cover the anticipated costs of these claims; and
WHEREAS, there is a need to transfer funds between Object Level One codes in order to pay these obligations; and
WHEREAS, an emergency exists in the usual daily operation of the Transportation Division, Public Service Department, in that it is immediately necessary to transfer funds to provide for payment of settlements for legal claims and anticipated 2006 expenditure needs, thereby preserving the public health, peace, property, safety and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor be and hereby is authorized to transfer $165,000.00 within Fund 265, the Street Construction, Maintenance and Repair Fund as follows:
TRANSFER FROM:
Fund# / Fund / Department No. / Object L...
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