Explanation
Background: This ordinance authorizes the appropriation of $10,000,000.00 in the General Fund Income Tax Set Aside (ITSA) Subfund 100099 and the expenditure correction in the amount of $10,000,000.00 from the general fund, Fund 1000, Subfund 100010 to the General Fund Income Tax Set Aside Subfund 100099.
These expenditure corrections and transfers are necessary to provide funding for basic city services for the remainder of 2026. Expenditure corrections are being requested to cover the partial costs of the following contracts; RUMPKE recycling and yard waste and the Community Shelter Board initiatives (Continuum of Care Application, Crisis Response, Outreach Services, Permanent Supportive Housing (PSH) Services, and the Safety Net Program) addressing homelessness in the City of Columbus.
Fiscal Impact: Funding is available in the General Fund ITSA Subfund in the Department of Finance and Management
Emergency Designation: This ordinance is submitted as an emergency to allow these financial transactions to be posted in the city's accounting system as soon as possible to allow divisions to operate without interruption through the end of 2026. Up to date financial posting promotes accurate accounting and financial management.
Title
To authorize the appropriation of $10,000,000.00 in the General Fund Income Tax Set Aside (ITSA) Subfund; to authorize an expenditure correction in the amount of $10,000,000.00 from the general fund to the General Fund ITSA Subfund; and to declare an emergency. ($10,000,000.00)
Body
WHEREAS, it is necessary to transfer expenditures to the General Fund ITSA Subfund to allow for the funding of basic city services; and
WHEREAS, this ordinance authorizes the appropriation of $10,000,000.00 in the General Fund ITSA Subfund; and
WHEREAS, an emergency exists in the Department of Finance and Management in that it is immediately necessary to authorize the City Auditor to establish appropriations and process expenditure corrections ...
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