Explanation
1. BACKGROUND
The Division of Planning and Operations requires the appropriation of funds within the Municipal Motor Vehicle License Tax Fund to allow for sufficient authority to pay for utilities for which the Division is responsible. These funds are available within the Municipal Motor Vehicle Fund due to cancellation of encumbrances from completed and expired contracts.
This ordinance authorizes the transfer of appropriation in the amount of $92,982.25 between minor object levels and additional appropriation of $117,713.50 within the Municipal Motor Vehicle License Tax Fund. These funds are necessary to pay for utilities that were under-budgeted due to rate hikes granted in 2009 by the Public Utilities Commission of Ohio (PUCO) retro-active to January 2009 for AEP and for increases in City Electric and storm water expenses.
2. CONTRACT COMPLIANCE
American Electric Power's contract compliance number is 314154203 and expires 11/26/09.
3. EMERGENCY DESIGNATION
Emergency action is requested to allow these funds to be in place for immediate use for the above mentioned operational needs within the Division of Planning and Operations.
4. FISCAL IMPACT
The appropriation of these funds is needed for the above mentioned utility expenses and authority is available within the Municipal Motor Vehicle License Tax Fund.
Title
To authorize transfer of $92,982.25 between minor object levels and the additional appropriation of $117,713.50 within the Municipal Motor Vehicle License Tax Fund for the purpose of providing payment for utilities for the Division of Planning and Operations; and to declare an emergency. ($210,695.75)
Body
WHEREAS, the Division of Planning and Operations is responsible for utility costs incurred by the Division including Electricity and Stormwater; and
WHEREAS, the Public Utilities Commission of Ohio (PUCO) granted a rate hike in 2009 for AEP which was retroactive to January and increases in stormwater...
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