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Legislation #: 080885 Introduction Date: 9/4/2008
Type: Ordinance Effective Date: none
Sponsor: None
Title: Reestimating Uncollected Prior-Year Grant Revenues in the Motor Fuel Tax Fund.

Legislation History
DateMinutesDescription
9/3/2008 Filed by the Clerk's office
9/4/2008 Referred to Finance and Audit Committee
9/10/2008 Do Pass
9/11/2008 Assigned to Third Read Calendar
9/18/2008 Passed

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080885.pdf Authenticated 73K Authenticated
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=080885 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=080885
Fiscal Note-2060 Revenue.xls Fiscal Note 37K 2060 Fiscal Note
Fact Sheet - 2060 Revenues.xls Fact Sheet 33K 2060 Fact Sheet

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ORDINANCE NO. 080885

 

Reestimating Uncollected Prior-Year Grant Revenues in the Motor Fuel Tax Fund.

 

WHEREAS, on a budgetary basis, the City ended the 2007-08 fiscal year with a deficit of $1.9 million in the Motor Fuel Tax Fund; and

 

WHEREAS, the reported budgetary deficit can be fully resolved by reestimating grant revenues due to the City, but not yet received by the City; and

 

WHEREAS, a total of $2.48 million in grants can be reestimated by the City which includes $1.56 million due from Clay County for four years of the Citys share of county sales tax revenues allocated for roads and bridges that were previously anticipated to be received by the City; and

 

WHEREAS, the City is desirous of maintaining at least 5% of all budgeted fund revenues as an unreserved fund balance in each of the general municipal funds of the City excluding the General Fund; and

 

WHEREAS, with approval of this ordinance and collection of these grants, the unreserved fund balance on a budgetary basis in the Motor Fuel Tax Fund would become $0.58 million or just over 2.7% of budgeted revenues for FY 2008-09; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY

 

Section 1. That revenue in the following accounts of the Motor Fuel Tax Fund is estimated in the following amounts:

 

09-2060-890001-474630 Main St & Truman Rd Signal $ 88,000.00

09-2060-890001-474630 McGee & Truman Rd Signal 88,000.00

09-2060-890001-474630 Walnut & Truman Rd Signal 88,000.00

09-2060-890001-474630 Troost & 63rd St Signal 82,800.00

09-2060-890001-474630 Holmes & 13th St Signal 312,000.00

09-2060-890001-476648 Prospect & 12th St Signal 88,000.00

09-2060-890001-483242 Contribution from Prairie Village 181,587.00

09-2060-120000-480190 Clay County Road & Bridge 1,557,642.00

TOTAL $2,486,029.00

 

_____________________________________________

 


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.

 

 

___________________________________

Jeffrey A. Yates

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

William Geary

Assistant City Attorney