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Legislation #: 061072 Introduction Date: 9/28/2006
Type: Ordinance Effective Date: none
Sponsor: None
Title: Reducing the transfer to the General Debt and Interest Fund appropriation in the General Fund in the amount of $1,500,000.00; appropriating $1,500,000.00 for capital maintenance needs; and establishing requisitioning authority.

Legislation History
DateMinutesDescription
9/27/2006 Filed by the Clerk's office
9/28/2006 Referred to Finance and Audit Committee
10/4/2006 Advance and Do Pass, Debate
10/5/2006 Passed

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061072.pdf Authenticated 80K Authenticated

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ORDINANCE NO. 061072

 

Reducing the transfer to the General Debt and Interest Fund appropriation in the General Fund in the amount of $1,500,000.00; appropriating $1,500,000.00 for capital maintenance needs; and establishing requisitioning authority.

 

WHEREAS, the FY 2006-07 Budget assumed a full year cost of debt service on an $80,000,000.00 general debt bond issue; and

 

WHEREAS, it is now anticipated that the projected debt service on this issue will be less than the budgeted amount of $6,200,000.00; and

 

WHEREAS, any debt service savings should be reapplied back to the capital maintenance budget; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the appropriation in the following account of the General Fund is reduced by the following amount:

 

07-1000-129998-X Transfer to the General Debt &

Interest Fund $1,500,000.00

 

Section 2. That the appropriations in the following accounts of the General Fund are increased by the following amounts:

 

07-1000-707771-B Tree Trimming $ 700,000.00

07-1000-897701-B Street Preservation 800,000.00

TOTAL $1,500,000.00

 

Section 3. That the Board of Park Commissioners is designated as requisitioning authority for Account No. 07-1000-707771 and that the Director of Public Works is designated as requisitioning authority for Account No. 07-1000-897701.

 

_____________________________________________

 


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.

 

 

___________________________________

Debra R. Hinsvark

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney