Explanation
1. BACKGROUND
This ordinance authorizes the amendment of the Department of Public Service’s 2019 Capital Improvement Budget (CIB). This will align budget authority by project to reflect budget amendments required for legislation passed during the transition period from the 2018 CIB to the 2019 CIB. It will also amend the 2019 CIB and transfer cash to restore budget authority and cash previously moved due to the need to fund some projects before the 2019 bond sale proceeds were received.
2. FISCAL IMPACT
There are no new expenditures associated with this legislation. It is necessary to amend the 2019 CIB to reflect budget amendments required for legislation passed during the transition period from the 2018 CIB to the 2019 CIB. It is also necessary to amend the 2019 CIB and transfer cash within the Street and Highway Taxable Bond Fund, Fund 7708, to restore budget authority and cash previously moved due to the need to fund some projects before the 2019 bond sale proceeds were received.
3. EMERGENCY DESIGNATION
This ordinance is submitted as an emergency to allow the amendments to be posted in the City's CIB and cash to be moved as soon as possible, allowing an accurate accounting of budget authority and cash.
Title
To amend the Department of Public Service’s 2019 Capital Improvement Budget to reflect changes for legislation passed during the transition from the 2018 Capital Improvement Budget to the 2019 Capital Improvement Budget; to authorize the transfer of cash and appropriation within the Street and Highway Taxable Bond Fund to restore cash moved to fund projects before the 2019 bond sale proceeds were received; and to declare an emergency. ($0.00)
Body
WHEREAS, modifications could not be made to the Capital Improvement Budget during the transition from the 2018 Capital Improvement Budget to the 2019 Capital Improvement Budget (CIB); and
WHEREAS, the Department of Public Service submitted legislation during the transition period that required amendments to the 2019 CIB; and
WHEREAS, it was necessary to modify the 2019 CIB and transfer cash to fund some projects before the 2019 bond sale proceeds were received; and
WHEREAS, it is necessary to make adjustments to the 2019 CIB to reflect the needed amendments; and
WHEREAS, it is necessary to transfer budget authority and cash between projects within the Street and Highway Taxable Bond Fund to restore budget authority and cash previously moved due to the need to fund some projects before the 2019 bond sale proceeds were received; and
WHEREAS, an emergency exists in the usual operation of the Department of Public Service in that it is immediately necessary to make said amendments and transfers to allow accurate accounting of the budget authority and cash, 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 2019 Capital Improvements Budget authorized by ordinance 1326-2019 be amended as follows to establish sufficient authority for this project:
Fund / Project / Project Name / C.I.B. / Change / C.I.B. as Amended
7704 / P530103-100065 / Arterial Street Rehabilitation - SR161 - I-71 to Cleveland Avenue Phase I (Voted 2016 Debt SIT Supported) / $250,000.00 / ($250,000.00) / $0.00
7704 / P530103-100000 / Arterial Street Rehabilitation - 59-03 Arterial Street Rehabilitation (Voted 2016 Debt SIT Supported) / $0.00 / $250,000.00 / $250,000.00
7704 / P530161-100000 / Roadway Improvements (Voted Carryover) / $113,488.00 / $605,232.00 / $718,720.00 (to match cash)
7704 / P530161-100000 / Roadway Improvements (Voted Carryover) / $718,720.00 / ($359,190.00) / $359,530.00
7704 / P530161-100187 / Roadway Improvements - Scioto Peninsula - Belle Street from Town to Broad (Voted Carryover) / $0.00 / $359,190.00 / $359,190.00
7708 / P530163-100000 / Smart City Challenge (Voted 2016 Debt SIT Supported) / $4,277,078.00 / ($2,298,205.00) / $1,978,873.00
7708 / P530161-100187 / Roadway Improvements - Scioto Peninsula - Belle Street from Town to Broad (Voted 2016 Debt SIT Supported) / $0.00 / $1,640,810.00 / $1,640,810.00
7708 / P530161-100081 / Roadway Improvements - Lazelle Road (Phase B) (Voted 2016 Debt SIT Supported) / $0.00 / $359,190.00 / $359,190.00
7708/ P530020-100000 / Street Equipment (Voted 2016 SIT Supported) / $0.00 / $298,205.00 / $298,205.00
SECTION 2. That the Director of Finance and Management or designee is authorized to make any amendments to the Department of Public Service’s 2019 Capital Improvement Budget within each project category as deemed necessary.
SECTION 3. That the transfer of $2,298,205.00, or so much thereof as may be needed, is hereby authorized within Fund 7708 (Street and Highway Taxable Bond Fund), from Dept-Div 5912 (Design and Construction), Project P530163-100000 (Smart City Challenge), Object Class 06 (Capital Outlay) to Dept-Div 5912 (Design and Construction), Project P530161-100187 (Roadway Improvements - Scioto Peninsula - Belle Street from Town to Broad), Project P530161-100081 (Roadway Improvements - Lazelle Road (Phase B)), and to Dept-Div 5911 (Infrastructure Management), Project P530020-100027 (Street Equipment - Infrastructure Management), all in Object Class 06 (Capital Outlay) per the account codes in the attachment to this ordinance.
SECTION 4. 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.