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Legislation #: 080464 Introduction Date: 5/8/2008
Type: Ordinance Effective Date: 5/25/2008
Sponsor: None
Title: Renaming Fund No. 3393, the 2008A G.O. Bond Fund; estimating revenues in the amount of $12,033,857.00 in the Series 2008A G.O. Bond Fund (Fund No. 3393) and appropriating the same; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

Legislation History
DateMinutesDescription
5/5/2008 Filed by the Clerk's office
5/8/2008 Referred to Finance and Audit Committee
5/14/2008 Advance and Do Pass, Debate
5/15/2008 Passed

View Attachments
FileTypeSizeDescription
080464.pdf Authenticated 79K Authenticated
GO 2008A E_A Fiscal Note.xls Fiscal Note 24K Fiscal Note RVSD
revised GO 2008A admin worksheet.xls Other 335K revised GO 2008A admin worksheet
GO Project List.xls Other 27K Project List
GO 2008A E_A Fact Sheet.xls Fact Sheet 52K Fact Sheet

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ORDINANCE NO. 080464

 

Renaming Fund No. 3393, the 2008A G.O. Bond Fund; estimating revenues in the amount of $12,033,857.00 in the Series 2008A G.O. Bond Fund (Fund No. 3393) and appropriating the same; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That Fund No. 3393 is hereby renamed as 2008A G.O. Bond Fund.

 

Section 2. That the revenue in the following accounts of Fund No. 3393, the Series 2008A G.O. Bond Fund, are hereby estimated in the following amounts:

 

AL-3393-120000-590000 Proceeds from Sale of Bonds $11,500,000.00

AL-3393-120000-485100 Reoffering Premium on Bonds

Sold 533,857.00

TOTAL $12,033,857.00

 

Section 3. That the sum of $12,033,857.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3393, the Series 2008A G.O. Bond Fund to the following accounts:

 

AL-3393-129620-B Bond Issue Expense $ 135,000.00

AL-3393-129686-B Arbitrage Rebate Calculation 10,000.00

AL-3393-129632-B Original Issue Discount 40,046.00

AL-3393-129631-B Underwriter Discount on Sale of

Bonds 93,811.00

AL-3393-897701-B Street Preservation 191,250.00

AL-3393-707704-B Park Facilities Improvements 500,000.00

AL-3393-707765-B Community Center Maintenance 500,000.00

AL-3393-807761-B Catch Basin Replacement 500,000.00

AL-3393-707566-B Zoo Facilities 10,063,750.00

TOTAL $12,033,857.00

 

Section 4. That the Director of Public Works is hereby designated as requisitioning authority for Account No. AL-3393-897701; that the Director of Parks and Recreation is hereby designated as requisitioning authority for Account Nos. AL-3393-707704, AL-3393-707765 and AL-3393-707566; that the Director of Water Services is hereby designated as requisitioning authority for Account No. AL-3393-807761; and that the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-3393-129620, AL-3393-129686, AL-3393-129632 and AL-3393-129631.

 

Section 5. That the Director of Finance is hereby authorized to close project accounts upon project completion and return the unspent portion of the appropriation to the Fund Balance from which it came.

 

________________________________________________

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.

 

 

___________________________

Director of Finance

 

Approved as to form and legality:

 

 

_____________________________

Heather A. Brown

Assistant City Attorney