Explanation
BACKGROUND: As part of the 2005 third quarter financial review, the Departments of Public Safety and Finance and Management identified surpluses and deficits in various objects in the Division of Support Services Cable Fund. It is now necessary to authorize a transfer of $96,000 within the Cable Fund, Division of Support Services to properly align object appropriations with the projected expenditures, allowing the division to operate without interruption through the end of 2005.
FISCAL IMPACT: The total to be transferred is $96,000. Transfer amounts were projected as part of the third quarter financial review. These amounts do not mirror the third quarter review exactly, due to transfers that have occurred in the interim, as well as adjustments made in projections since the release of the Third quarter financial report.
Title
To authorize and direct the City Auditor to provide for the transfer of $96,000 between various objects within the Cable Fund, to allow the Support Services Division to continue to operate through the end of 2005 without interruption; and to declare an emergency. ($96,000)
Body
WHEREAS, the third quarter financial review conducted by the Department of Finance identified surpluses and deficits in the various objects in the Cable Funds of the Support Services Division; and
WHEREAS, it is necessary to transfer $96,000 between objects to allow the Division of Support Services to continue to operate through the end of 2005, and
WHEREAS, an emergency exits in the usual daily operation of the City of Columbus in that it is immediately necessary to transfer the aforementioned funds for the immediate preservation of the public, health, peace, property, safety and welfare; Now, therefore;
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor is hereby authorized and directed to transfer $96,000 between various objects and divisions within the Cable Fund, Fund 203, as ...
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