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File #: 1326-2019    Version: 1
Type: Ordinance Status: Passed
File created: 5/7/2019 In control: Finance Committee
On agenda: 6/3/2019 Final action: 6/5/2019
Title: To adopt a Capital Improvements Budget for the twelve months ending December 31, 2019 or until such a time as a new Capital Improvements Budget is adopted, establishing a project budget for capital improvements requiring legislative authorization in 2019; to authorize the City Auditor to appropriate funds within the Streets and Highways G.O. Bond Fund, the Northland and Other Acquisitions G.O. Bonds Fund, and the Development Taxable Bonds Fund; to authorize the City Auditor to transfer funds between projects within the Safety G.O. Bonds Fund, the Streets and Highways G.O. Bond Fund, the Construction Management Capital Improvements Fund, the Northland and Other Acquisitions G.O. Bonds Fund, the Development Taxable Bonds Fund, and Streets and Highway NonBond Fund; to repeal Ordinance No. 1010-2018, as amended; and to declare an emergency.
Attachments: 1. 2019 Capital Improvement Budget, 2. 2019 Capital Improvement Budget by Source, 3. 2019 Capital Improvement Budget by Division, 4. 2019 CIB DAX
Explanation

BACKGROUND: This ordinance establishes the 2019 Capital Improvement Budget (CIB) in the amount of $940.2 million. The budget presented herein represents a plan for the expenditure of monies in 2019 for a variety of capital improvement projects.

The new funding amount of the total CIB is $591.4 million, but $453.6 million of this amount, or 76.7%, is supported by enterprise revenues and miscellaneous smaller revenues such as internal service fees and federal and state funding sources, not the set-aside of income taxes. Of the total CIB, $348.8 million represents carryover funding.

FISCAL IMPACT: Appropriation authority for new money is granted at the time debt is issued, not with this ordinance. A transfer of carryover funding between projects within the Safety G.O. Bonds Fund, the Streets and Highways G.O. Bond Fund, the Construction Management Capital Improvements Fund, the Northland and Other Acquisitions G.O. Bonds Fund, the Development Taxable Bonds Fund, and Streets and Highway NonBond Fund is necessary.

Title

To adopt a Capital Improvements Budget for the twelve months ending December 31, 2019 or until such a time as a new Capital Improvements Budget is adopted, establishing a project budget for capital improvements requiring legislative authorization in 2019; to authorize the City Auditor to appropriate funds within the Streets and Highways G.O. Bond Fund, the Northland and Other Acquisitions G.O. Bonds Fund, and the Development Taxable Bonds Fund; to authorize the City Auditor to transfer funds between projects within the Safety G.O. Bonds Fund, the Streets and Highways G.O. Bond Fund, the Construction Management Capital Improvements Fund, the Northland and Other Acquisitions G.O. Bonds Fund, the Development Taxable Bonds Fund, and Streets and Highway NonBond Fund; to repeal Ordinance No. 1010-2018, as amended; and to declare an emergency.

Body

WHEREAS, Chapter 333.01 of the Columbus City Code requires the annual submission of ...

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