Explanation
Background:
This ordinance will authorize an expenditure for 2008 CIP Staff Time Reimbursements in the amount of $352,895.78.
This legislation combined with balance remaining from 2007 on AC#026882 will leave a total balance available for 2008 CIP Staff Time reimbursements in the amount of $425,000.00.
These reimbursements are for staff time services related to Capital Improvement Administration.
Fiscal Impact:
$352,895.78 is required and budgeted in the Voted 1999/2004 Parks and Recreation Bond Fund to meet the financial obligations of these various expenditures.
Title
To authorize the expenditure of $352,895.78 for 2008 Capital Improvements Staff Time Reimbursements from the Voted 1999/2004 Parks and Recreation Bond Fund. ($352,895.78)
Body
WHEREAS, staff time reimbursements related to services for Capital Improvements Administration are necessary; and
WHEREAS, funding is available for these reimbursements from unallocated balances within the Voted 1999/2004 Parks and Recreation Bond Fund; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That reimbursement of staff time related to Capital Improvements Administration is necessary.
Section 2. That the expenditure of $352,895.78, or so much thereof as may be necessary, be and is hereby authorized from the Voted 1999 and 2004 Parks and Recreation Bond Fund No. 702, Dept. 51-01, as follows, to pay the cost thereof.
Fund Type Project No. Project Title Object Level 3 OCA Code Amount
Cap. Proj. 510035 Facility Improvements 6680 644526 $175,000.00
Cap. Proj. 510017 Park and Playground 6680 644526 $177,895.78
Section 3. That the City Auditor is hereby authorized to transfer the unencumbered balance in a project account to t...
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