EXPLANATION
BACKGROUND: This legislation authorizes amendments to the 2018 Capital Improvement Budget and also authorizes the City Auditor to transfer various funds within the Construction Management Capital Improvement Fund. These amendments and transfers are needed pursuant to a Mayor’s Emergency which was declared on October 1, 2018. This Mayor’s Emergency was necessary in order to immediately commence with the replacement of the sanitary drainage system at Fire Station #1/9 located at 300 North 4th Street, to ensure that the station’s operations could continue without interruption. The amendments and transfers requested in this ordinance are necessitated pursuant to Columbus City Code, Section 329.15 and ensure that sufficient funds are available for reimbursement and in the updated project numbers.
Emergency action is requested so that capital budget amendments and fund transfers can occur as quickly as possible. Up-to-date financial posting promotes accurate accounting and financial management.
Fiscal Impact: This ordinance authorizes the City Auditor to transfer $1,250,000.00 collectively within the Public Safety Voted Bonds Fund and the Construction Management Capital Improvement Fund to ensure that sufficient funds are available for reimbursement and in the updated project numbers.
Title
To amend the 2018 Capital Improvement Budget; to authorize the City Auditor to transfer various funds within the Construction Management Capital Improvement Fund and the Public Safety Voted Bonds Fund; and to declare an emergency. ($1,250,000.00)
Body
WHEREAS, this legislation authorizes amendments to the 2018 Capital Improvement Budget and also authorizes the City Auditor to transfer various funds within the Construction Management Capital Improvement Fund; and
WHEREAS, these amendments and transfers are needed pursuant to a Mayor’s Emergency which was declared on October 1, 2018; and
WHEREAS, the amendments and transfers requested in this ordinance are necess...
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