Explanation
BACKGROUND: The purpose of this ordinance is to authorize the City Auditor to create a new subfund within the City’s Special Purpose Fund to account for the activities of the Construction Trades Education Program in the Department of Building and Zoning Services. The Construction Trades Education Program will create new career-based training programs that begin earlier so that students are prepared to enter pre-apprenticeship and apprenticeship programs. This investment will give more young people in Columbus the chance to be trained in the trades.
All monies received from these activities are used to staff the program and replenish the supplies needed to execute the program. In order to properly track and account for these monies, we are requesting that the City Auditor create a new subfund within the City's Special Purpose Fund, Fund No. 2223.
This ordinance is submitted as an emergency to create a new subfund within the City’s Special Purpose Fund to properly account for these revenues and expenditures.
FISCAL IMPACT: An transfer and appropriation of $500,000 is requested from the Development Services Fund to the new subfund. This program will also be funded with donations. Utilizing the City’s Special Purpose Fund provides the best means for properly tracking and accounting for these monies.
Title
To authorize the City Auditor to create a new subfund within the City’s Special Purpose Fund to account for the Construction Trades Education Program activities; to authorize the appropriation of $500,000.00 within the Development Services Fund; to authorize and direct the City Auditor to transfer $500,000.00 from the Development Services Fund to the City’s Special Purpose Fund; to authorize appropriation in the City’s Special Purpose Fund; and to declare an emergency. ($500,000.00)
Body
WHEREAS, there is a need for career-based training programs to begin earlier so that students are prepared to enter pre-apprenticeship and apprenticeshi...
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