Explanation
1. BACKGROUND:
This legislation authorizes the City Auditor to transfer cash and appropriation within the Streets and Highways G.O. Bonds Fund, Fund 7704, in order to replenish the original cash and appropriation levels in those funds following the recent bond sale. Funds were temporarily transferred from projects that did not need to start early in the construction season to projects that needed to start earlier in the construction season and could not await the receipt of bond sale funds. Now that the city has received funds from the bond sale, the earlier transfers need to be reversed to restore funding to projects from which funds were borrowed.
2. FISCAL IMPACT
Funding is now available within the Streets and Highways Bonds Fund. An amendment to the 2016 Capital Improvements Budget is necessary to re-establish sufficient cash and authority in the proper projects.
3. EMERGENCY DESIGNATION
Emergency action is requested in order to maintain the project schedule to prevent unnecessary delays in the Department of Public Service’s Capital Improvement Program.
Title
To amend the 2016 Capital Improvement Budget; to authorize the City Auditor to transfer cash and appropriation within the Streets and Highways Bond Fund to replace funds borrowed for use on construction projects that had to start before the bond sale; and to declare an emergency. ($0.00)
Body
WHEREAS, it is necessary to authorize an amendment to the 2016 Capital Improvements Budget for the purpose of providing sufficient spending authority for the project expenditures listed below; and
WHEREAS, funds borrowed for use on other projects need to be restored to maintain proper accounting practices; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Service in that it is immediately necessary to transfer cash and appropriate funds in order to restore funding thereby preserving the public health, peace, property, safety and welfare; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the 2016 Capital Improvements Budget authorized by ordinance 0960-2016 be amended as follows to establish sufficient authority for the following projects:
Fund / Project / Project Name / Current / Change /Amended
7704 / P530301-160089 / Bridge Rehabilitation -- South Old State Culvert (Voted 2013 Debt SIT Supported) / $500,000.00 / ($449,570.00) / $50,430.00
7704 / P530301-160641 / Bridge Rehabilitation - Morse Road Under Norfolk Southern RR (Voted 2013 Debt SIT Supported) / $1,200,000.00 / ($1,200,000.00) / $0.00
7704 / P530103-100014 / Arterial Street Rehabilitation - James Road (Voted 2013 Debt SIT Supported) / $225,000.00 / ($225,000.00) / $0.00
7704 / P530087-100002 / ADA Curb Ramps - Citywide Curb Ramps (Voted 2013 Debt SIT Supported) / $1,000,000.00 / ($735,896.00) / $264,104.00
7704 / P590955-100017 / Operation Safewalks - Joyce Avenue Phase 3 (Councilmanic SIT Supported) / $5,360,972.00 / ($3,193,429.00) / $2,167,543.00
7704 /P530103-100042 / Arterial Street Rehabilitation - Alum Creek Drive - Frebis to Refugee (Voted 2013 Debt SIT Supported) / $3,100,000.00 / ($77,190.00) / $3,022,810.00
7704 / P530210-100015 / Curb Reconstruction -- Citywide Curb Rehabilitation Program (Voted 2013 Debt SIT Supported) / $2,000,000.00 / ($1,476,832.00) / $523,168.00
7704 / P530303-100000 / Housing Initiatives (Voted 2013 Debt SIT Supported) / $800,000.00 / $1,649,570.00 / $2,449,570.00
7704 / P530161-100000 / Roadway Improvements (Voted 2013 Debt SIT Supported) / $1,105,000.00 / $225,000.00 / $1,330,000.00
7704 / P590910-100002 / SciTech-OSU Research Park Envir (Voted 2013 Debt SIT Supported) / $4,256,036.00 / $366,252.00 / $4,622,288.00
7704 / P530161-100139 / Roadway Improvements - I-70/71 East Interchange - Phase 2D (Voted 2013 Debt SIT Supported) / $3,422,549.00 / $247,453.00 / $3,670,002.00
7704 / P530161-100097 / Roadway Improvements - I-70/71 East Interchange - Phase 2C (Voted 2013 Debt SIT Supported) / $0.00 / $122,193.00 / $122,193.00
7704 / P590131-100003 / Miscellaneous Developments -- American Addition Infrastructure (Councilmanic SIT Supported) /$2,650,000 / $1,712,559.00 / $4,362,559.00
7704 / P440104-100007 / Roadway Improvements -- Creative Campus (Councilmanic SIT Supported) / $0.00 / $600,000.00 / $600,000.00
7704 / P440104-100008 / Roadway Improvements -- 18th Street (Councilmanic SIT Supported) / $0.00 / $880,871.00 / $880,871.00
7704 / P530103-100038 / Arterial Street Rehabilitation - Hard Road Phase A/Sawmill Road - Smoky Row Road (Voted 2013 Debt SIT Supported) / $0.00 / $77,190.00 / $77,190.00
7704 / P530058-100005 / NCR-TBD (Voted 2013 Debt SIT Supported) / $0.00 / $1,232,375.00 / $1,232,375.00
7704 / P440104-100006 / 2012 Neighborhood Infrastructure Projects (Voted 2013 Debt SIT Supported) / $0.00 / $244,457.00 / $244,457.00
SECTION 2. That the transfer of $7,357,915.98, or so much thereof as may be needed, is hereby authorized between projects within Fund 7704 Streets and Highways Bond Fund per the account codes in the attachment to this ordinance.
SECTION 3. 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 4. That the City Auditor is authorized to make any accounting changes to revise the funding source for all modifications associated with this ordinance.
SECTION 5. 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.
SECTION 6. 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.