BACKGROUND: This legislation will authorize the transfer of $1,331,467 from the Government General Grants Fund to various other funds to reimburse those funds for expenditures incurred associated with debris removal and related damages from severe storms which began on June 29, 2012. The city was awarded grant funds from the Federal Emergency Management Agency (FEMA) for this purpose. Per Ordinance 0443-2013, grant funds were accepted and appropriated in the General Government Grant Fund. This ordinance serves to reimburse various other funds in the city which actually incurred the expenses.
FISCAL IMPACT: The city has received reimbursement from FEMA for expenses incurred by various city agencies as a result of debris removal and related damages associated with severe storms that began on June 29, 2012. The funds were deposited into the General Government Grant Fund and are now being transferred to various other funds to reimburse for actual expenses. Auditor of State Bulletin 98-013 requires that FEMA funds initially be placed into a special FEMA fund but goes on to allow those funds to be transferred from the FEMA fund into the funds that made the original payments for completed work. This ordinance accomplishes that task.
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 and direct the transfer of $1,331,467.00 received from FEMA, from the General Government Grant Fund to various other funds to reimburse the proper funds for expenditures incurred for debris removal and damages following severe storms that began on June 29, 2012; and to declare an emergency. ($1,331,467.00)
Body
WHEREAS, significant costs relate to debris removal and related damage were incurred as a result of severe storms beginning June, 29, 2012; and
WHEREAS, the city was awarded a grant from FEMA to reimburse the city for these costs and said grant funds were deposited in the General Government Grant Fund; and
WHEREAS, these funds have been received by the city and are available and appropriated in the General Government Grant Fund; and
WHEREAS, Auditor of State Bulletin 98-013 requires that FEMA funds initially be placed into a special FEMA fund but goes on to allow those funds to be transferred from the FEMA fund into the funds that made the original payments for completed work; and
WHEREAS, it is necessary to authorize the transfer of these funds to various other funds as reimbursement of expenditures incurred as the result of the debris removal and damages that began on June 29, 2012;
WHEREAS, an emergency exists in the usual daily operation of the City in that it is immediately necessary to transfer these funds so as to allow the financial transaction to be posted in the city's accounting system as soon as possible; Now, therefore;
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the sum of $1,331,467.00 is hereby transferred from the General Government Grant Fund, Fund 220, FEMA Grant 451300, Dept. 45, OCA 451300, Object Level Three 5501, to the unappropriated balance of the following funds in the following amounts:
General Fund, Fund 10, Dept. 45, OCA 450015, OL3 0886: $48,123
Street Construction Maintenance Repair Fund, Fund 265, Dept. 59, OCA 591117, OL3 0829: $516,591
Recreation and Parks Extension Fund, Fund 285, Dept. 51, OCA 028043, OL3 0886: $9,893
Electricity Fund, Fund 550, Dept. 60, OCA 030098, OL3 0886: $617,269
Water Fund, Fund 600, Dept. 60, OCA 030528, OL3 0886: $125,847
Sewer Fund, Fund 650, Dept. 60, OCA 037515, OL3 0886: $13,744
SECTION 2. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated and, the City Auditor shall establish such accounting codes as necessary.
SECTION 3. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby 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.