Explanation
BACKGROUND: This legislation is needed to transfer cash for the Division of Sewerage and Drainage - Stormwater. Transfers are needed to align cash with 2007 budget authority and to establish budget authority for future project funding.
Emergency action is requested in order that the cash be aligned and the 2007 Capital Improvements Budget be amended.
FISCAL IMPACT: There is no fiscal impact. Authority will only be used where cash is available.
Title
To authorize City Auditor to transfer cash and amend the 2007 capital budget authority within the Voted Storm Sewer Bond Fund; and to declare an emergency.
Body
WHEREAS, a transfer of cash and the creation of budget authority is needed to align with current and future cash in the 2007 budget authority;
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities, Division of Sewerage and Drainage; in that it is immediately necessary to transfer cash and create budget authority in order that the cash be aligned in the 2007 Capital Improvements Budget; in an emergency manner for the immediate preservation of public health, peace, property and safety; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor is hereby authorized to transfer cash in the amount of $2,835,916.24 within the Voted Storm Bond Fund, Fund 685, Division of Sewerage and Drainage - Stormwater, Division 60-015 Object Level One 06, Object Level Three 6621, as follows:
TRANSFER FROM:
Project No | Project Name | OCA Code | Amount
610037 | East Central Relief Storm Sewer | 685037 | -$84,736.76
610701 | East Stanton Avenue SSI | 685701 | -$6,860.00
610702 | Olde Sawmill Area Wide Storm System | 685702 | -$1,312.16
610703 | Foster St. Storm System Improvements | 685703 | -$108,860.29
610705 | Norton Ct. SSI | 685705 | -$510.48
610714 | Mock Road Storm | 685714 | -$10,822.00
610722 | Iuka Ravine Park Stormwate...
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