Explanation
This legislation transfers a total of $2,000,000.00 from Object Level One 01 and Object Level One 02 to Object Level One 03 within the Water System Operating Fund 600. The need to transfer funding within the operating budget was identified in the third quarter budget review. The transfer is requested to cover anticipated expenses for services for the Division of Power and Water (W).
FISCAL IMPACT: Sufficient appropriation is available in Object Level One 01 and Object Level One 02 for this requested transfer to Object Level One 03. No increase in the total budget appropriation is estimated to be needed.
Title
To authorize the City Auditor to transfer of $2,000,000.00 within the Water System Operating Fund to align budget authority with projected expenditures. ($2,000,000.00)
Body
WHEREAS, anticipated expenditures within Character 03 for the remainder of the 2010 Fiscal Year necessitates the transfer of funds within the Water System Operating Fund; and,
WHEREAS, available appropriation in Object Level One 01 and Object Level One 02 can be transferred to Object Level One 03; and,
WHEREAS, it has become necessary in the usual daily operation of the Division of Power and Water, Department of Public Utilities to transfer appropriation within the Water System Operating Fund for the preservation of public health, peace, property and safety; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section l. That the City Auditor be and is hereby authorized and directed to transfer $2,000,000.00 within the Water System Operating Fund 600, Dept/Div. No. 60-09 as follows:
FROM:
OCA Code: 601849
Object Level One 01
Object Level Three 1000
Amount: $1,000,000.00
OCA Code: 601849
Object Level One 02
Object Level Three 2000
Amount: $1,000,000.00
Total: $2,000,000.00
TO:
OCA Code: 601849
Object Level One 03
Object Level Three 3390
Amount: $2,000,000.00
Total: $2,000,000.00
Se...
Click here for full text