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File #: 0191-2005    Version: 1
Type: Ordinance Status: Passed
File created: 1/21/2005 In control: Public Service & Transportation Committee
On agenda: 3/7/2005 Final action: 3/9/2005
Title: To authorize the Public Service Director to reimburse the Street Construction, Maintenance and Repair Fund $1,125,086.55 for costs incurred in connection with the installation and/or construction of traffic signs, traffic signals, school flashers and permanent pavement markings that can be capitalized for the Transportation Division, and to declare an emergency. ($1,125,086.55)
Date Ver.Action ByActionResultAction DetailsMeeting Details
3/9/20051 CITY CLERK Attest  Action details Meeting details
3/8/20051 MAYOR Signed  Action details Meeting details
3/7/20051 Columbus City Council ApprovedPass Action details Meeting details
3/7/20051 COUNCIL PRESIDENT Signed  Action details Meeting details
2/24/20051 Service Drafter Sent to Clerk's Office for Council  Action details Meeting details
2/23/20051 Auditor Reviewer Reviewed and Approved  Action details Meeting details
2/23/20051 CITY AUDITOR Reviewed and Approved  Action details Meeting details
2/23/20051 Service Drafter Sent for Approval  Action details Meeting details
2/23/20051 CITY ATTORNEY Reviewed and Approved  Action details Meeting details
2/22/20051 Finance Reviewer Reviewed and Approved  Action details Meeting details
2/22/20051 FINANCE DIRECTOR Reviewed and Approved  Action details Meeting details
2/22/20051 Service Drafter Sent for Approval  Action details Meeting details
2/19/20051 SERVICE DIRECTOR Reviewed and Approved  Action details Meeting details
2/19/20051 Service Drafter Sent for Approval  Action details Meeting details
2/18/20051 Service Drafter Sent for Approval  Action details Meeting details
1/27/20051 Service Drafter Sent for Approval  Action details Meeting details
1/26/20051 Service Reviewer Reviewed and Approved  Action details Meeting details
1/21/20051 Service Drafter Sent for Approval  Action details Meeting details
Explanation
Background: The Public Service Department, Transportation Division, routinely installs and/or constructs traffic signs and signals, school flashers and permanent pavement markings that have useful lives that meet or exceed five (5) years. As such, the labor, materials and equipment usage expenses incurred in their installation/construction can be capitalized. These expenses are initially paid from the division's operating fund, the Street Construction, Maintenance and Repair Fund. This ordinance reimburses these expenses from the division's capital improvements fund, the 1995, 1999 Voted Streets and Highways Fund, to the Street Construction, Maintenance and Repair Fund for work performed in 2004 as follows:

Billable Asset / Amount / Period Being Billed
Traffic signs / $460,000.00 / July 1-December 31, 2004
Traffic signals / $385,000.00 / October 1-December 31, 2004
School flashers / $124,717.60 / November 1-December 31, 2004
Permanent pavement markings / $155,368.95 / November 1-December 31, 2004

Total $1,125,086.55

The division received authorization to reimburse similar costs for the first part of 2004 through Ordinance 1795-2004 that was passed by City Council on November 8, 2004.

Fiscal Impact: The Transportation Division budgeted $3.2 million in the 2004 Capital Improvements Budget (CIB) for Traffic Street Signs, Traffic Signals Installation and Permanent Pavement Markings. Approximately half of these funds have been legislated thus far with another $1.6 million remaining balance. Therefore, funding is available within budgeted projects in the 1995, 1999 Voted Streets and Highways Fund to provide this reimbursement within the Transportation Division.

Emergency action is requested to allow for this reimbursement to take place in a timely manner in the interest of accurate accounting.



Title
To authorize the Public Service Director to reimburse the Street Construction, Maintenance and Repair Fund $1,125,086.55 f...

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