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City Council Authorizes $2M Appropriation for Financial and Insurance Services

  • City: Columbus
  • State: OH
  • Category: Economic Development Incentives
  • Subcategory: Housing Program
  • Size: $2,000,000

Ordinance 0964-2025 authorizes the appropriation of $2,000,000 from Fund 2201, Program HS008, for Financial and Insurance Services in the Department of Finance. The appropriation is coded to object class 05 and main account 65026, ensuring dedicated funding for the city’s risk management and insurance coverage. This allocation supports essential insurance premiums, loss control programs, and consultant services. By securing this funding, the city guarantees uninterrupted financial and insurance operations throughout the fiscal year. The ordinance aligns with the department’s budget plan and prevents service disruptions. It also allows for timely payments on current policies and addresses any emergent claims or audits. Funding HS008 underlines the city’s commitment to proactive risk mitigation. The measure improves the department’s ability to manage liabilities and safeguard municipal assets. It provides transparency around departmental expenditures by linking the appropriation to a specific project ID (G442101).

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