Explanation
1. BACKGROUND
This ordinance authorizes the Director of Finance and Management to amend the 2024 Capital Improvement Budget of the Department of Technology for transfers that occurred during the transition from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget. This ordinance also authorizes budget amendments and transfers of cash and appropriation to consolidate small balances existing within capital funds of the Department of Technology.
2. FISCAL IMPACT
This ordinance does not authorize an expenditure. Budget amendments will be made to reflect cancellations and deposits processed and ordinances approved by Council for the Department of Technology during the transition from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget. Budget amendments and transfers of cash and appropriation will also be made to consolidate small balances existing within capital funds of the Department of Technology.
Title
To authorize the Director of the Department of Finance and Management to amend the 2024 Capital Improvement Budget to reflect budget transactions that occurred during the transition from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget as well as to consolidate small balances within capital funds; and to authorize the transfer of cash and appropriation within the Technology GO Bond Fund, Fund 5105. ($0.00)
Body
WHEREAS, the 2024 Capital Improvement Budget was recently adopted by Columbus City Council; and
WHEREAS, the Department of Technology submitted ordinances for passage by City Council, processed cancellations, and received deposits during the transition period from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget which require capital budget amendments; and
WHEREAS, the Department of Technology desires to consolidate certain small balances that currently exist within the Technology GO Bond Fund, Fund 5105; and
WHEREAS, it is necessary ...
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