Title
TRANSFER OF FUNDS - Sewer Fund
Drafter
dj
Body
WHEREAS, in anticipation of projects being required by the EPA's administrative findings and orders for all Columbus satellite communities the Director of Public Service has recommended that we shift funds from the Sewer Operations Fund into the Sewer Capital Fund (SSCI), which will allow the City to fund EPA projects without increasing rates;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That funding in the amount of TWO MILLION THREE HUNDRED NINETY ONE THOUSAND FIVE HUNDRED FIFTY DOLLARS ($2,391,550) is hereby transferred from the unencumbered, unappropriated balance of the Sewer Operations Fund to Account No. 661.360.5939, Transfer to SSCI.
Section 2. That funding in the amount of TWO MILLION THREE HUNDRED NINETY ONE THOUSAND FIVE HUNDRED FIFTY DOLLARS ($2,391,550) is hereby transferred from Account No. 661.360.5939, Transfer to SSCI, to Revenue Account No. 662.4935, Transfer From.
Section 3. That ORD-0001-2008, passed January 2, 2008, is hereby amended to reflect this Transfer of Funds.
Section 4. That this ordinance shall be in full force and effect after passage by this Council and on date of signature approval by the Mayor.