KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 050470 Introduction Date: 4/21/2005
Type: Ordinance Effective Date: none
Sponsor: None
Title: Estimating revenue in the amount of $57,020,000.00 of revenue in Fund No. 8506, the 2005C CFC Bond Fund, and appropriating the same; appropriating $2,543,296.00 in Fund No. 8360, the CFC Operating Fund for debt service payments; reducing appropriations and revenue estimates in Fund No. 8506, the 2005C CFC Bond Fund and reducing appropriations in Fund No. 8300, the Kansas City Airports Fund, by $45,933,790.00; designating requisitioning authority; and authorizing the Director of Finance to close accounts upon project completion.

Legislation History
DateMinutesDescription
4/21/2005 Filed by the Clerk's office
4/21/2005 Referred to Finance Committee
4/27/2005 Advance and Do Pass, Debate
4/28/2005 Passed

View Attachments
FileTypeSizeDescription
050470.pdf Authenticated 90K Authenticated
050470 Approp _ Admin e_a 4-18-05(3).xls Other 330K Admin & Approp
Fiscal Note - e_a ord 2005C v1(2) 4-18-05.xls Fiscal Note 38K Fiscal Note
E_A fact sheet v2.xls Fact Sheet 51K Fact Sheet

Printer Friendly Version

ORDINANCE NO. 050470

 

Estimating revenue in the amount of $57,020,000.00 of revenue in Fund No. 8506, the 2005C CFC Bond Fund, and appropriating the same; appropriating $2,543,296.00 in Fund No. 8360, the CFC Operating Fund for debt service payments; reducing appropriations and revenue estimates in Fund No. 8506, the 2005C CFC Bond Fund and reducing appropriations in Fund No. 8300, the Kansas City Airports Fund, by $45,933,790.00; designating requisitioning authority; and authorizing the Director of Finance to close accounts upon project completion.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That new revenue in the following account of Fund No. 8506, the 2005C CFC Bond Fund, is hereby estimated in the following amount:

 

AL-8506-620000-590000 Proceeds from Sale of Bonds $57,020,000.00

Section 2. That the sum of $57,020,000.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 8506, the 2005C CFC Bond Fund to the following accounts:

 

AL-8506-129620-B Bond Issue Expense $ 739,175.00

AL-8506-129631-B Underwriters Discount on Sale of Bond 139,260.00

AL-8506-129632-B Original Issue Discount 117,330.00

AL-8506-629600-G Principal Retirement 10,000,000.00

AL-8506-629600-G Interest Expense on Bonds 90,445.00

AL-8506-627270-B Cons.Rental Car Fac 45,933,790.00

TOTAL $57,020,000.00

 

Section 3. That the sum of $2,543,296.00 is hereby appropriated from the Unappropriated Fund Balance of the Fund No. 8360, the CFC Operating Fund, to the following account:

 

06-8360-629600-G Interest Expense on Bonds $ 2,543,296.00

 

Section 4. That the following appropriation in Fund No. 8506, the 2005C CFC Bond Fund, is hereby reduced by $45,933,790.00 in the following account:

 

AL-8506-627270-B Cons. Rental Car Fac $45,933,790.00

 

Section 5. That the following revenue estimate in Fund No. 8506, the 2005C CFC Bond Fund, is hereby reduced by $45,933,790.00 in the following account:

 

AL-8506-120000-508300 Transfer from KCI Airports Fund $45,933,790.00

 

Section 6. That the following appropriation in Fund No. 8300, the Kansas City Airports Fund, is hereby reduced by $45,933,790.00 in the following account:

 

05-8300-129998-X Transfer to 2005C CFC Bond Fund $45,933,790.00

 

Section 7. That the Director of Finance is hereby designated as the requisitioning authority for Account Nos. AL-8506-129620-B, AL-8506-129631-B, AL-8506-129632-B; and that the Director of Aviation is hereby designated as the requisitioning authority for Account Nos. AL-8506-629600-G and AL-8506-627270-B.

 

Section 8. That the Director of Finance is hereby authorized to close accounts upon project completion as directed by the bond covenants.

 

_____________________________________________

 

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.

 

 

___________________________________

Wanda Gunter

Acting Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney