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 the unallocated balance account within the same fund upon receipt of certification by the Director of the Department administering said project that the project has been completed and the monies are no longer required for said project; except that no transfer shall be so made from a project account funded by monies from more than one source.
Section 4. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this legislation.
Section 5. That this ordinance shall take effect and be in force from and after the earliest period allowable by law.