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Legislation #: 100438 Introduction Date: 5/20/2010
Type: Ordinance Effective Date: 6/13/2010
Sponsor: None
Title: Reducing and increasing appropriations in various water revenue bond funds; transferring $273,395.61 from the 2004D Water Revenue Bond Fund (No. 8066) and $5,945.51 from the 2005F Water Revenue Bond Fund (No. 8067) to the Water Fund (No 8010); increasing appropriations in the Water Fund; designating requisitioning authority; and authorizing the Director of Finance to close the 1988, 1992, 1994, 1995B, 1998A and B, 2004D and 2005F Water Revenue Bond Funds.

Legislation History
DateMinutesDescription
5/19/2010 Filed by the Clerk's office
5/20/2010 Referred to Transportation and Infrastructure Committee
5/27/2010 Do Pass
5/27/2010 Assigned to Third Read Calendar
6/3/2010 Passed

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100438.pdf Authenticated 99K AUTHENTICATED
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Bond Closeout Approp Transaction Form.xls Other 473K Water Bond Closeout Approp Transaction Form
Water Bond Closeout Fact Sheet.xls Fact Sheet 57K Water Bond Closeout Fact Sheet
Water Bond Closeout Fiscal Note.xls Fiscal Note 53K Water Bond Closeout Fiscal Note

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ORDINANCE NO. 100438

 

Reducing and increasing appropriations in various water revenue bond funds; transferring $273,395.61 from the 2004D Water Revenue Bond Fund (No. 8066) and $5,945.51 from the 2005F Water Revenue Bond Fund (No. 8067) to the Water Fund (No 8010); increasing appropriations in the Water Fund; designating requisitioning authority; and authorizing the Director of Finance to close the 1988, 1992, 1994, 1995B, 1998A and B, 2004D and 2005F Water Revenue Bond Funds.

 

WHEREAS, all the projects associated with certain Water Bond Funds have been completed and the original bonds have been refinanced; and

 

WHEREAS, a total of $279,341.12 has accumulated in those funds due to project savings and earned interest; and

 

WHEREAS, any funds remaining from the refinanced bonds can be used to fund other capital projects; and

 

WHEREAS, the City is desirous to close these bond funds and use the remaining funds toward capital projects; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the sum of $273,395.61 is appropriated from the Unappropriated Fund Balance of the 2004D Water Revenue Project Fund (No. 8066) to the following account of the 2004D Water Revenue Project Fund (No. 8066):

 

AL-8066-129998-X-908010 Transfer to Water Fund $273,395.61

 

Section 2. That revenue in the following amount is estimated in the following account of the Water Fund (Fund 8010):

 

11-8010-800000-508066 Transfer from 2004D Water Revenue $273,395.61

 

Section 3. That the sum of $5,945.51 is appropriated from the Unappropriated Fund Balance of the Water Revenue Project Fund 2005F (No. 8067) to the following account of the Water Revenue Project Fund 2005F (No 8067):

 

AL-8067-129998-X-908010 Transfer to Water Fund $ 5,945.51

 

Section 4. That revenue in the following amount is estimated in the following account of the Water Fund (Fund 8010):

 

11-8010-800000-058067 Transfer from Water Revenue 2005F $ 5,945.51

 

Section 5. That $279,341.12 is appropriated from the Unappropriated Balance of the Water Fund (Fund 8010) to the following account:

 

11-8010-808087-B-80001285 Water & Sewer CW $279,341.12

Section 6. That the Director of Water Services is designated as requisitioning authority for Account No. 11-8010-808087.

 

Section 7. That the Director of Finance is authorized to close the 2004D Water Revenue Project Fund (No. 8066) and the Water Revenue Project Fund 2005F (No. 8067) and transfer any remaining cash balances to the Water Fund (No. 8010).

 

Section 8. The Director of Finance is authorized to close the following bond funds:

 

Fund 8050 - Water System Construction Bonds -1988

Fund 8060 - Water System Construction Bonds -1992

Fund 8070 - 1994 Water Construction Bonds

Fund 8090 - Water Revenue Bond Series 95B

Fund 8040 - Construction and Refunding 98A and B

 

_________________________________________

 

I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasury, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.

 

 

_____________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

_____________________________

Charlotte Ferns

Assistant City Attorney