...Explanation
BACKGROUND:
The City of Columbus Parking Violations Bureau has a contract with ACS, Inc. for the processing of parking tickets issued by the City of Columbus. As part of this agreement, the City has agreed to pay ACS, Inc. for collection activities on delinquent parking tickets at a rate not to exceed 18 percent of the revenues collected. Funds collected in excess of the 18% collection fee are placed in the General Fund, while funds equal to the 18% collection fee are deposited in the Collection Fees Fund, subfund Delinquent Parking Tickets. This ordinance provides for the appropriation of the funds placed in this subfund to pay ACS for their portion of delinquent parking ticket collections.
FISCAL IMPACT:
There will be no fiscal impact, as all funds placed within the fund are returned to ACS, Inc.
EMERGENCY:
This authorization is needed to allow proper deposit of collection fees for delinquent parking tickets.
Title
To authorize and direct the appropriation of $145,000 within the Collection Fee Fund, and to declare an emergency ($145,000).
Body
WHEREAS, funds are received from the collection of delinquent parking tickets; and
WHEREAS, funds collected in excess of the collection fee are placed in the General Fund, while funds equal to the collection fee are placed in the Collection Fee Fund, in special subfund entitled Delinquent Parking Tickets; and
WHEREAS, an emergency exists in the usual daily operation of the Parking Violations Bureau, in that it is immediately necessary to appropriate funds, for the 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 from the unappropriated funds in the Collection Fees Fund, Delinquent Parking Tickets Subfund, and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ending D...
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