Mobility Enterprise Operating Fund.
Columbus City Codes § 2155.09
in effect2155.09 - Mobility Enterprise Operating Fund.
(A) The funds collected into the mobility enterprise operating fund, established by Ordinance 2994-2021, shall be allocated on a monthly basis from the revenues collected during that month, for the following purposes and in the following order of priority:
(1) Payment of all budgeted operating expenses necessary for the administration and operation of the Mobility Enterprise;
(2) Payment of all required debt service obligations and legally required financial commitments up to one year in advance;
(3) Funding of the debt service reserve subfund established in section 2155.10 in an amount equal to not more than two times the annual amount needed for annual debt service;
(4) Funding of the mobility innovation subfund established in section 2155.10 of the Columbus City Codes; and
(5) Funding of additional reserve accounts established by ordinance of City Council.
(B) Annually, the director of public service shall prepare and deliver to City Council, the Mayor, and the director of finance and management a report detailing:
(1) Annual enterprise revenues, operating expenditures, and debt service expenditures;
(2) Mobility innovation subfund deposits and expenditures, reserve subfund balances, reserve deposits and withdrawals, and anticipated capital maintenance obligations; and
(3) Recommendations regarding Mobility Innovation Subfund levels and associated future expenditures and recommendations regarding reserve funding levels.
(Ord. No. 1486-2026, § 2, 6-29-2026)
Source: City of Columbus, City Codes and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/oh/columbus/codes/code_of_ordinances?nodeId=TIT21TRCO_CH2155PAME_2155.09MOENOPFUFetched: 10/27/2026