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File #: 3139-2022    Version: 1
Type: Ordinance Status: Passed
File created: 11/4/2022 In control: Public Utilities Committee
On agenda: 11/21/2022 Final action: 11/23/2022
Title: To authorize the City Auditor to transfer $125,000.00 between Object Classes within the Electricity Operating Fund Budget to allow for the purchase of critical supplies and materials and to declare an emergency. ($125,000.00).
Attachments: 1. 3139-2022 Financial Coding
Explanation

The purpose of this legislation is to authorize the City Auditor to transfer funds within the Electricity Operating Fund to allow for the purchase of needed supplies & materials. This transfer is needed due to a variety of price increases in the supplies & materials we purchase. The average price increase is 50%, but increases have ranged as high as 315%.

FISCAL IMPACT: There is sufficient budget authority available in the 2022 Electricity Operating Fund’s Budget to fund the transfer, which totals $125,000.00.

EMERGENCY DESIGNATION: This ordinance is being submitted as an emergency in order to align budget authority with projected expenditures and to provide for the timely purchase of critical supplies and materials.

Title

To authorize the City Auditor to transfer $125,000.00 between Object Classes within the Electricity Operating Fund Budget to allow for the purchase of critical supplies and materials and to declare an emergency. ($125,000.00).

Body

WHEREAS, prices for critical supplies & materials used by the Division of Power are trending much higher than was anticipated at the time of budget submission; and

WHEREAS, the Division of Power has a need to transfer $125,000.00 between Object Classes within the 2022 Electricity Operating Fund’s Budget. Funds for the transfer have been identified and are available in Object Class 01 (Personal Services); and

WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities, Division of Power, in that it is immediately necessary to transfer appropriation between Object Classes within the Electricity Operating Fund to allow for the timely purchase of critical supplies & materials; now, therefore,

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:

SECTION 1. That the transfer of $125,000.00 or so much thereof as may be needed, is hereby authorized between Object Classes within Fund 6300 Electricity Operating Fund per the accounting codes in ...

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