Explanation
BACKGROUND:-
This legislation will authorize the transfer and appropriation of $644,144.00 from the General Fund to the Recreation and Parks Operating Fund to have monies in the proper account to meet payroll and service expenses through the end of 2004.
As a result of the Third Quarter Review, this transfer is necessary to meet the payroll, natural gas and fleet maintenance expenses. Funding is available from reimbursable expenses such as full-time layoff restoration, terminal leave pay and CMAGE contractual pay increases and Pension City Share past services.
This ordinance is submitted as an emergency to allow funding to be available for necessary payroll and service expenses.
The General Fund Ordinance is 2086-2004.
FISCAL IMPACT:-
$644,144.00 is being transferred and appropriated from the General Fund to the Recreation and Parks Operating Fund, as shown in Section 1 and 2 of this ordinance.
Title
To authorize and direct the transfer and appropriation $644,144.00 from the General Fund to the Recreation and Parks Operating Fund to meet payroll and service expenses through the end of 2004, and to declare an emergency. ($644,144.00)
Body
WHEREAS, funds from reimbursable expenses of general funds are being transferred to meet payroll and services expenses through the end of 2004; and
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary to appropriate and transfer said funds to be available for necessary payroll and service expenses; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the amount of $644,144.00 is hereby transferred from the General Fund to the Recreation and Parks Operating Fund, as follows:
FROM:
Fund Type Fund Object Level 3 OCA Code Amount
General 010 5501 900050 $644,144.00
TO:
Fund Type Dept. No. Fund Object Level 3 OCA Code Amount
Operating ...
Click here for full text