Explanation
Background: This legislation authorizes the transfer of appropriation within the HOME Match Fund (Fund 2201, Project G458004) from Object Class 5 to Object Class 1; the intra-fund transfer of funds from Department 45 to Department 44 within the HOME Match Fund (Fund 2201, Project G458004); and the appropriation of additional HOME Match funds (Fund 2201, Project G458004) for Department of Development personnel expenses in 2018 and 2019.
Ordinance 0902-2014 approved the appropriation and expenditure of $664,727.19 in Object Class 5 (ACPR000192). These funds have not been utilized for service contracts since the ordinance passed, so the department wishes to use the funds for personnel expenses (Object Class 1) in 2018 and 2019.
Financial document BRE139952 encumbered $150,353 for the Department of Finance and Management (Department 45). These funds are no longer needed by the Department of Finance and Management.
Additionally, there is $280,310.85 of unappropriated cash available in the HOME Match Fund that the department wishes to use for personnel expenses.
Emergency action is requested to fund personnel expenses in the fourth quarter of 2018 and in 2019.
Fiscal Impact: This legislation appropriates $280,310.85 from the unappropriated balance of the HOME Match Fund (Fund 2201, Project G458004) for the 2018 and 2019 budget year. The available cash balance of this fund is $280,310.85.
Title
To authorize the transfer of appropriation from Object Class 5 to Object Class 1, in the amount of $664,727.19 within the HOME Match Fund; to authorize the intra-fund transfer of funds from the Department of Finance and Management to the Department of Development in the amount of $150,353.00; to authorize the appropriation of $280,310.85 from the unappropriated balance; and to declare an emergency. ($280,310.85)
Body
WHEREAS, Ordinance 0902-2014 approved the appropriation and expenditure of $664,727.19 in Object Class 5, but the Department of Development wishes to transfer the funds to Object Class 1; and
WHEREAS, financial document BRE139952 encumbered $150,353 for the Department of Finance and Management (Department 45) and these funds are no longer needed by the Department of Finance and Management; and
WHEREAS, this legislation appropriates $280,310.85 from the unappropriated balance of the HOME Match Fund (Fund 2201, Project G458004) for the 2018 and 2019 budget year. The available cash balance of this fund is $280,310.85; and
WHEREAS, these funds are being transferred and appropriated to provide funding for staff costs for 2018 and 2019; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary fund personnel expenses in the fourth quarter of 2018, for the immediate preservation of 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 transfer of appropriation of $664,727.19 is hereby authorized within Fund 2201 (HOME Program Entitlement), from Dept-Div 44-10 (Division of Housing), Project G458004 (HOME Match Fund), Object Class 05 (Other Expenses) to Dept-Div 44-10 (Division of Housing), Project G458004 (HOME Match Fund), Object Class 01 (Personnel) per the account codes in the attachment to this ordinance.
SECTION 2. That the transfer of $150,353 or so much thereof as may be needed, is hereby authorized within Fund 2201 (HOME Program Entitlement), from Dept-Div 45-01 (Finance and Management, Administration), Project G458004 (HOME Match Fund), object class 05 (Other Expenses) to Dept-Div 44-10 (Development, Housing Division), Project G458004 (HOME Match Fund), object class 01 (Personnel) per the account codes in the attachment to this ordinance.
SECTION 3. That from the unappropriated monies and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ended December 31, 2019, the sum of $280,310.85 is appropriated in Fund 2201(HOME Program Entitlement), Project G458004 in Object Class 01 Personnel per the account codes in the attachment to this ordinance.
SECTION 4. That the funds are hereby deemed appropriated and expenditures and transfers authorized to carry out the purposes of this ordinance and the City Auditor shall establish such accounting codes as necessary.
SECTION 5. 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.