Explanation
Background:
The purpose of this ordinance is to authorize the transfer of $56,638.88 within the Voted 1999/2004 Recreation and Parks Bond Fund No. 702 and to amend the 2008 Capital Improvements Budget.
Emergency action is requested to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up-to-date financial posting promotes accurate accounting and financial management.
Title
To authorize the transfer of $56,638.88 within the Voted 1999/2004 Recreation and Parks Voted Bond Fund, to amend the 2008 Capital Improvements Budget, and to declare an emergency. ($56,638.88)
Body
WHEREAS, cancellations within Capital Fund 702 were made totaling $56,638.88 and are being moved to alternate projects within Fund 702 to have funding available for roofing and bikeway improvements; and
WHEREAS, the 2008 CIB will be amended to reflect the cancellations credited to project 510035 and 510229, and for the transfers to these projects; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to transfer said funds in order to allow the financial transaction to be posted in the City's accounting system as soon as possible; now therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor is hereby authorized to transfer $56,638.88 within the Voted 1999/2004 Recreation and Parks Bond Fund No. 702, from the projects listed below:
FROM:
Project OCA Code Object Level 3 Amount
510011 644526 6620 $ 9,490.73
510039 644526 6620 $ 0.07
510316 644526 6620 ...
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