City of Columbus - File #: 0825-2006

• File #: 0825-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/21/2006
• In control: Health, Housing & Human Services Committee
• On agenda: 6/26/2006
• Final action: 6/28/2006
• Title: To authorize the City Auditor to appropriate $39,000 within the Capital South Debt Service Fund; to transfer $39,000 from the Capital South Debt Service Fund to the HOME Fund; to authorize the appropriation and expenditure of $39,000 from the HOME Fund; and to declare an emergency ($39,000)

Date	Ver.	Action By	Action	Result
6/28/2006	1	CITY CLERK	Attest
6/27/2006	1	MAYOR	Signed
6/26/2006	1	Columbus City Council	Approved	Pass
6/26/2006	1	COUNCIL PRESIDENT	Signed
4/26/2006	1	CITY ATTORNEY	Reviewed and Approved
4/26/2006	1	Dev Drafter	Sent to Clerk's Office for Council
4/25/2006	1	Auditor Reviewer	Reviewed and Approved
4/25/2006	1	CITY AUDITOR	Reviewed and Approved
4/25/2006	1	Dev Drafter	Sent for Approval
4/24/2006	1	Finance Reviewer	Reviewed and Approved
4/24/2006	1	FINANCE DIRECTOR	Reviewed and Approved
4/24/2006	1	Dev Drafter	Sent for Approval
4/21/2006	1	Dev Drafter	Sent for Approval
4/21/2006	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
4/21/2006	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND: This legislation authorizes the appropriation and transfer of $39,000 from the Capital South Debt Service Fund to the HOME Fund and authorizes the appropriation and expenditure of $39,000 from the HOME Fund. These funds will be used by the Department of Development to reimburse the HOME Investment Partnerships Fund for an activity that was deemed to be an ineligible expense.

This legislation is presented as an emergency measure to facilitate the repayment in a timely manner.

FISCAL IMPACT: This ordinance appropriates and transfers $39,000 from the Capital South Debt Service Fund to the HOME Fund and appropriates and expends $39,000 from the HOME Fund.



Title

To authorize the City Auditor to appropriate $39,000 within the Capital South Debt Service Fund; to transfer $39,000 from the Capital South Debt Service Fund to the HOME Fund; to authorize the appropriation and expenditure of $39,000 from the HOME Fund; and to declare an emergency ($39,000)



Body

WHEREAS, it is the desire of the Director of the Department of Development to appropriate funds from the unappropriated balance of the Capital South Fund; and

WHEREAS, these Capital South Funds will be transferred to the HOME Fund to reimburse the HOME Investment Partnerships Fund;

WHEREAS, it is necessary to appropriate and expend funds from the 2006 HOME Fund; and

WHEREAS, the transfer into the HOME Fund will enable these dollars to be used for housing activities designed to increase and preserve the local supply of decent, safe, sanitary and affordable housing for low-income families; and

WHEREAS, an emergency exists in the usual daily operation of the Department of Development, in that it is immediately necessary to appropriate and transfer said funds for the preservation of public health, peace, property, safety and welfare; now, therefore:


BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:

Section 1. That from the unappropriat...