Explanation
This ordinance authorizes the establishment of an Auditor's certificate for $710,938.00 for the reimbursement of staff time related to the administration of 2013/2014 Capital Improvement Projects.
Fiscal Impact:
$710,938.00 contingent on August 20, 2013 bond sale; Recreation and Parks Voted Bond Fund.
Title
To establish an Auditor's certificate in the amount of $710,938.00; and to authorize the expenditure of $710,938.00 from the voted Recreation and Parks Bond Fund for the reimbursement of staff time related to the administration of 2013/2014 Capital Improvement Projects. ($710,938.00)
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 Recreation and Parks 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 $710,938.00, or so much thereof as may be necessary, be and is hereby authorized from the Recreation and Parks Bond Fund 702, Dept. 51-01, as follows, to pay the cost thereof.
Fund Project Obj. Level 3 OCA Amount
702 510035-100000 6680 702035 $710,938.00
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 authoriz...
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