Explanation
BACKGROUND
As the 2022 fiscal year comes to a close, various funding surpluses and funding needs have been identified across the divisions and object classes of the Department of Development. This legislation transfers $130,000.00 of the Department of Development’s current appropriated funding between those divisions and object classes for operating expenses.
Emergency action is requested so that funds are available for expenses for the remainder of the 2022 fiscal year.
Fiscal Impact: This legislation transfers 2022 budget appropriation across different divisions and object classes, but does not change the Department of Development’s overall appropriation.
Title
To authorize the Director of Development to transfer of $130,000.00 currently appropriated within the Economic Development and Planning Divisions General Fund budget to the Administrative and Housing Divisions to provide funding for operating expenses for the remainder of the year. ($0.00)
Body
WHEREAS, it is necessary to transfer $130,000.00 from the appropriated balance of the Department of Development’s 2022 budget across divisions and object classes to ensure funding availability for end-of-year expenses; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to perform these transfers so that funds are available for projected expenses for the remainder of the 2022 fiscal year, 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 from the available appropriated monies of fiscal year ended December 31, 2022, the sum of $130,000.00 is be transferred to the divisions and object classes provided below and per the accounting codes in the attachment to this ordinance:
Div 44-02 (Economic Development) OC01 (Personnel) Fund 1000 (General Fund) - ($15,...
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