Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to transfer funding from the Streets and Highways Bond Fund to the General Government Grants Fund.
Ordinance 0780-2018 authorized the Director of Public Service to enter into a Construction Guaranteed Maximum Reimbursement Agreement with OhioHealth Corporation (the “Developer”) for the construction of the OhioHealth Boulevard project in an amount up to $1,500,000.00. Pursuant to Ordinance 3076-2017, the City accepted a $1,000,000.00 grant from the Roadwork Development (629) account of the Ohio Development Services Agency and a $500,000.00 grant from the Ohio Department of Transportation for costs associated with the construction of the project.
The project has been completed. Final accounting reconciliation determined the need to transfer funding from the Streets and Highways Bond Fund to the General Government Grants Fund to account for city match above the original grant amount.
2. FISCAL IMPACT
Funds in the amount of $675,464.60 are available for transfer from Fund 7704, the Streets and Highways Bond in P440104-100000 (Misc Economic Development-Hamilton Parker), P530804-100000 (Parsons Ave Streetscape), and P530805-100000 (Main Street Neighborhood Signage) to Fund 2220, the General Government Grants Fund, G441800 (OhioHealth Blvd Roadwork Dev Grant 629) and G441801 (OhioHealth Olentangy RR JCED). Funds are appropriated.
Title
To authorize the City Auditor to transfer funds between the Streets and Highways Bond Fund and General Government Grants Fund in connection with the OhioHealth Boulevard project. ($675,464.60)
Body
WHEREAS, the City of Columbus Department of Public Service has completed the OhioHealth Boulevard project; and
WHEREAS, General Government Grants Funds were used to pay for a portion of this project; and
WHEREAS, there is a remaining cash deficit in the General Government Grants Fund; and
WHEREAS, a reconciliation determined funds in the amount of $675,464.60 must be transferred from the Streets and Highways Bond Fund, Fund 7704 to the General Government Grants Fund, Fund 2220; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the transfer of $500,000.00, or so much thereof as may be needed, is hereby authorized from Fund 7704 (Streets and Highways Bond Fund), Dept-Div 5913 (Traffic Management), Project P530805-100000 (Main Street Neighborhood Signage), Object Class 06 (Capital Outlay) to Dept-Div 5913 (Traffic Management), Project P530805-100000 (Main Street Neighborhood Signage), Object Class 10 (Transfer Out) per the account codes in the attachment to this ordinance.
SECTION 2. That the transfer of $247,746.87, or so much thereof as may be needed, is hereby authorized from Fund 7704 (Streets and Highways Bond Fund), Dept-Div 5913 (Traffic Management), Project P530805-100000 (Main Street Neighborhood Signage), Object Class 10 (Transfer Out) to Fund 2220 (General Government Grants Fund), Dept-Div 4402 (Economic Development), Project G441801 (OhioHealth Olentangy RR JCED), Object Class 80 (Transfer In) per the account codes in the attachment to this ordinance.
SECTION 3. That the transfer of $252,253.13 or so much thereof as may be needed, is hereby authorized from Fund 7704 (Streets and Highways Bond Fund), from Dept-Div 5913 (Traffic Management), Project P530805-100000 (Main Street Neighborhood Signage), Object Class 10 (Transfer Out) to Fund 2220 (General Government Grants Fund), Dept-Div 4402 (Economic Development), Project G441800 (OhioHealth Blvd Roadwork Dev Grant 629), Object Class 80 (Transfer In) per the account codes in the attachment to this ordinance.
SECTION 4. That the transfer of $13,526.42 or so much thereof as may be needed, is hereby authorized from Fund 7704 (Streets and Highways Bond Fund), from Dept-Div 5912 (Design and Construction), Project P530804-100000 (Parsons Ave Streetscape), Object Class 06 (Capital Outlay) to Dept-Div 5912 (Design and Construction), Project P530804-100000 (Parsons Ave Streetscape), Object Class 10 (Transfer Out) per the account codes in the attachment to this ordinance.
SECTION 5. That the transfer of $13,526.42 or so much thereof as may be needed, is hereby authorized from Fund 7704 (Streets and Highways Bond Fund), from Dept-Div 5912 (Design and Construction), Project P530804-100000 (Parsons Ave Streetscape), Object Class 10 (Transfer Out) to Fund 2220 (General Government Grants Fund), Dept-Div 4402 (Economic Development), Project G441800 (OhioHealth Blvd Roadwork Dev Grant 629), Object Class 80 (Transfer In) per the account codes in the attachment to this ordinance.
SECTION 6. That the transfer of $161,938.18 or so much thereof as may be needed, is hereby authorized from Fund 7704 (Streets and Highways Bond Fund), from Dept-Div 5912 (Design and Construction), Project P440104-100000 (Misc Economic Development), Object Class 06 (Capital Outlay) to Dept-Div 5912 (Design and Construction), Project P440104-100000 (Misc Economic Development), Object Class 10 (Transfer Out) per the account codes in the attachment to this ordinance.
SECTION 7. That the transfer of $161,938.18 or so much thereof as may be needed, is hereby authorized from Fund 7704 (Streets and Highways Bond Fund), from Dept-Div 5912 (Design and Construction), Project P440104-100000 (Misc Economic Development), Object Class 10 (Transfer Out) to Fund 2220 (General Government Grants Fund), Dept-Div 4402 (Economic Development), Project G441800 (OhioHealth Blvd Roadwork Dev Grant 629), Object Class 80 (Transfer In) per the account codes in the attachment to this ordinance.
SECTION 8. That 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 9. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance.
SECTION 10. That the City Auditor is hereby authorized to transfer the unencumbered balance in a project account to the unallocated balance account within a different fund upon receipt of certification by the Director of the Department administering said project that the project has been completed and the monies are no longer required for said project.
SECTION 11. That this ordinance shall take effect and be in force from and after the earliest period by law.