Explanation
Background:
This ordinance will transfer $350,000.00 between Objects within the Special Purpose Fund 223, Various Park Improvements Sub-fund 025 to properly align appropriations in order to complete necessary expenditure corrections.
This ordinance is submitted as an emergency to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up-to-date financial posting promotes accurate accounting and financial management. Additionally, emergency action is required to have funding available for necessary expeenditure corrections.
Fiscal Impact:
$350,000.00 is being transferred between Objects within the Special Purpose Fund 223, Various Park Improvements Sub-fund 025, as shown in Section 1 of this ordinance.
Title
To authorize and direct the transfer of $350,000.00 between Objects within the Special Purpose Fund 223, Various Park Improvements Sub-fund 025 to properly align appropriations in order to complete necessary expenditure corrections, and to declare an emergency. ($350,000.00)
Body
WHEREAS, it is necessary to properly align appropriations in order to complete necessary expenditure corrections; and
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary to transfer said funds for the preservation of public health, peace, property and safety; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the transfer of $350,000.00 between Objects within the Special Purpose Fund/Various Park Improvements be and is hereby authorized to properly align appropriations in order to complete necessary expenditure corrections, as follows:
FROM:
Fund No. Sub-fund OCA Code Object Level 1 Object Level 3 Amount
223 025 511220 06 6602 $350,000.00
TO:
Fund No. Sub-fund OCA Cod...
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