COMMITTEE SUBSTITUTE
FOR ORDINANCE NO. 080431
Amending Chapter 2 of the Code of
Ordinances of Kansas City by enacting a new article Budgetary and Financial
Policies and enacting a new section which establishes a Non-Recurring Revenue
Policy for the City.
WHEREAS, the City is desirous of adopting sound
fiscal policies that provide a stable framework for the efficient and effective
provision of public services; and
WHEREAS, best practice recommendations of the
Government Finance Officers Association (GFOA), and the National Advisory
Council on State and Local Budgeting (NACSLB) strongly recommend the adoption
of a non-recurring revenue policy by local governments; and
WHEREAS, the Governance Plan of the Citys adopted
strategic plan known as FOCUS (Forging Our Comprehensive Urban Strategy) recommends
that one-time resources be used for only one-time purposes; and
WHEREAS, efforts to fully resolve the Citys
chronic structural budget problems must contain formal statements adopted by
the City to restrain the City from making short-term decisions that have
long-run negative implications on the City budget and the provision of
important public services in the City; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1.
That Chapter 2 the Code of Ordinances of Kansas City, Missouri hereby amended
by enacting a new article Budgetary and Financial Policies and new section
establishing a non-recurring revenue policy, all to read as follows:
ARTICLE XIV. BUDGETARY AND
FINANCIAL POLICIES.
Section 2-1950. Non-recurring Revenue Policy.
It is the policy of the City of Kansas
City, Missouri that one-time or limited term resources such as proceeds from
asset sales, debt refinancing, one-time grants, legal settlements, revenue
spikes, budget savings and similar nonrecurring resources shall not be used for
current or new and ongoing operating expenses. Appropriate uses of one-time resources
include building and maintaining the unallocated reserves in the General Fund
or other City funds, the early retirement of debt, capital improvement or
capital maintenance expenditures and other nonrecurring expenditures.
Section 2-1951--2-1990. Reserved.
_____________________________________________
Approved
as to form and legality:
___________________________________
Heather
A. Brown
Assistant City Attorney