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 all sources and unappropriated for any other purpose during the fiscal year ending December 31, 2008, the sum of $20,000 is appropriated to the Department of Development, Administration Division , Division No. 44-01, OCA Code 223138, as follows:
Object Level Object Level
One Three Amount
02 2201 $ 6,000
03 3336 $10,000
05 5512 $ 4,000
Total: $20,000
Section 2. That the monies appropriated in the foregoing Section 1 shall be paid upon order of the Development Director; and that no order shall be drawn or money paid except by voucher, the form of which shall be approved by the City Auditor.
Section 3. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.