Explanation
BACKGROUND: This legislation appropriates funds for the King Lincoln Theater. These funds will be used in the operations of the Lincoln Theater as part of the King Lincoln District redevelopment project and in accordance with the King Lincoln Plan. This ordinance will provide funding for utilities, materials, supplies, services, associated programs and on-going maintenance of the theater.
FISCAL IMPACT: This ordinance appropriates $20,000 from the unappropriated balance of the King Lincoln Theater Fund.
This legislation is submitted as an emergency so as to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
Title
To authorize an appropriation of $20,000 from the unappropriated balance of the King Lincoln Theater Fund to the Department of Development to provide funds for the operation of the King Lincoln Theater; and to declare an emergency. ($20,000.00)
Body
Whereas, Fund 223, Subfund 138, was established for the operation of the Lincoln Theater; and
Whereas, it is necessary to appropriate funds; and
Whereas, this ordinance will provide funding for utilities, materials, supplies, services, associated programs and on-going maintenance of the theater; and
Whereas, emergency action is necessary so as to allow the financial transaction to be posted in the City's accounting system as soon as possible; and
Whereas, an emergency exists in the daily operation of the Department of Development in that it is immediately necessary to appropriate said funds, all for the preservation of the public health, peace, property, safety and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That from the unappropriated monies in the King Lincoln Theater Fund, Fund 223, Subfund 138, and from all monies estimated to come into said fund from any and...
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