City of Columbus - File #: 1795-2004

• File #: 1795-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/1/2004
• In control: Public Service & Transportation Committee
• On agenda: 11/8/2004
• Final action: 11/10/2004
• Title: To authorize the transfer of $1,000,000.00 from the 1995, 1999 Voted Streets and Highways Fund to the Street Construction, Maintenance and Repair Fund to reimburse eligible capital expenditures initially incurred by and paid from the latter fund to benefit the Transportation Division, and to declare an emergency. ($1,000,000.00)

Date	Ver.	Action By	Action	Result
11/10/2004	1	CITY CLERK	Attest
11/9/2004	1	MAYOR	Signed
11/8/2004	1	Columbus City Council	Approved	Pass
11/8/2004	1	COUNCIL PRESIDENT	Signed
10/27/2004	1	Service Drafter	Sent to Clerk's Office for Council
10/26/2004	1	Auditor Reviewer	Reviewed and Approved
10/26/2004	1	CITY AUDITOR	Reviewed and Approved
10/26/2004	1	Service Drafter	Sent for Approval
10/26/2004	1	CITY ATTORNEY	Reviewed and Approved
10/25/2004	1	Finance Reviewer	Reviewed and Approved
10/25/2004	1	FINANCE DIRECTOR	Reviewed and Approved
10/25/2004	1	Service Drafter	Sent for Approval
10/21/2004	1	Service Drafter	Sent for Approval
10/20/2004	1	Service Drafter	Sent for Approval
10/19/2004	1	Finance Reviewer	Reviewed and Approved
10/19/2004	1	FINANCE DIRECTOR	Reviewed and Disapproved
10/13/2004	1	SERVICE DIRECTOR	Reviewed and Approved
10/11/2004	1	Service Drafter	Sent for Approval
10/8/2004	1	Service Drafter	Sent for Approval
10/5/2004	1	Service Reviewer	Reviewed and Approved
10/1/2004	1	Service Drafter	Sent for Approval

Explanation
Background: Transportation Division personnel engage in many activities that qualify for capital improvement funding. This includes roadway, alley, sign and signal renovation/installation work. Careful records of personnel, material and equipment expenses this way are maintained. Initially these expenses are incurred by and paid from by the division's operating fund, the Street Construction, Maintenance and Repair (SCM&R) Fund, with subsequent reimbursement planned from the outset from the division's capital improvement fund, the 1995, 1999 Voted Streets and Highways Fund.

This ordinance provides for this reimbursement by authorizing the transfer of $1,000,000.00 from the 1995, 1999 Voted Streets and Highways Fund to the Street Construction, Maintenance and Repair Fund.

Fiscal Impact: Funds for this purpose are budgeted and available within the Transportation Division's 2004 Capital Improvement Budget in the 1995, 1999 Voted Streets and Highways Fund in various projects as follows: alley rehabilitation, $250,000.00; traffic signal installations, $600,000.00; Urban Infrastructure Recovery Fund alley renovation projects, $150,000.00; total $1,000,000.00. This reimbursement represents a major, planned revenue source to the operating fund; lack of reimbursement would result in the division having to curtail critical operating expenses and adversely impact the division reaching its SCM&R Fund's year-end cash balance target.

Emergency action is requested to reimburse the Street Construction, Maintenance and Repair Fund in a timely fashion in the interest of promoting good accounting practices.



Title
To authorize the transfer of $1,000,000.00 from the 1995, 1999 Voted Streets and Highways Fund to the Street Construction, Maintenance and Repair Fund to reimburse eligible capital expenditures initially incurred by and paid from the latter fund to benefit the Transportation Division, and to declare an emergency. ($1,000,000.00)

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