Explanation
BACKGROUND: The City of Columbus has been awarded a grant from the Federal Emergency Management Agency (FEMA) for reimbursement of debris removal costs and damages incurred in association with the severe storms that began on June 29, 2012. It is necessary to accept the grant award and appropriate funds.
FISCAL IMPACT: This grant will reimburse the city 87.5% of eligible costs associated with debris removal and damages incurred from the severe storms event. The amount of the grant is $1,332,537.00. Funds will be deposited to a grant project set up for this purpose. Funds will then be transferred out of the grant fund into the funds from which the original expenses were incurred, as supported by documentation complied by the Department of Finance and Management and reported to FEMA.
This ordinance 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 processing promotes accurate accounting and financial management.
Title
To authorize the Director of the Department of Finance and Management to accept a grant award from the Federal Emergency Management Agency (FEMA) for the reimbursement of debris removal costs and damages associated with the severe storms that began on June 29, 2012, to appropriate $1,332,537.00 from the unappropriated balance of the General Government Grant Fund; and to declare an emergency ($1,332,537.00).
Body
WHEREAS, the City of Columbus has been awarded a grant award from FEMA to reimburse the city 87.5% of the cost of debris removal and damages incurred by the city as the result of severe storms that began on June 29, 2012; and
WHEREAS, this is an 87.5% reimbursement grant; and
WHEREAS, an emergency exists in the usual daily operation of government of the City of Columbus that it is immediately necessary to accept and appropriate a grant from FEMA thereby preserving the public peace, property, health,...
Click here for full text