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Legislation #: 910276 Introduction Date: 3/14/1991
Type: Ordinance Effective Date: 4/14/1991
Sponsor: None
Title: Authorizing Director of Finance to close out Fund Nos. 225, 651, 664 and 669 and to transfer remaining balances to the Community Development Fund, 17th Year, Fund No. 707; authorizing closing of Fund Nos. 665 and 666 and transferring the remaining balances to the Unappropriated Fund Balance of the General Fund, Account No. 001-801; estimating revenue in the amount of $17,680.00 in various accounts; appropriating said amount to Account No. 705-65014; estimating revenue in the amount of $170,000.00 in various accounts; and appropriating said amount to Account No. 706-65014.

Legislation History
DateMinutesDescription
3/13/1991

Prepare to Introduce

3/14/1991

Referred Plans And Zoning Committee

3/20/1991

Hold On Agenda

3/27/1991

Do Pass

3/28/1991

Assigned to Third Read Calendar

4/4/1991

Passed


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ORDINANCE NO. 910276

 

Authorizing Director of Finance to close out Fund Nos. 225, 651, 664 and 669 and to transfer remaining balances to the Community Development Fund, 17th Year, Fund No. 707; authorizing closing of Fund Nos. 665 and 666 and transferring the remaining balances to the Unappropriated Fund Balance of the General Fund, Account No. 001-801; estimating revenue in the amount of $17,680.00 in various accounts; appropriating said amount to Account No. 705-65014; estimating revenue in the amount of $170,000.00 in various accounts; and appropriating said amount to Account No. 706-65014.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of Finance is hereby authorized to close the following funds and to transfer all the remaining balances to the Community Development Fund - 17th Year, Fund No. 707:

 

Fund No. 225 - Community Development Revolving Public Improvements Fund

Fund No. 651 - Federal Housing Development Grant Fund Fund No. 664 - HUD Discretionary Grant Fund Fund No. 669 - HUD Section 108 Loan Fund

 

Section 2. That the Director of Finance is hereby authorized to close the following funds and transfer all remaining balances in these funds to the Unappropriated Fund Balance of the General Fund, Account No. 001-801:

 

Fund No. 665 - Land Clearance for Redevelopment Fund No. 666 - Economic Development Corporation

 

Section 3. That the revenue in the following accounts of the Community Development Fund - 15th Year, Fund No. 705, is hereby estimated in the following additional amounts:

 

705-038450 Rental of LCRA Properties $ 3,650.00 705-038470 Program Income 500.00 705-070920 Reimbursement of SBA 502 Loans 189.00 705-083100 Recoveries of Prior Years Expenditures 600.00 705-083900 Miscellaneous Non-Revenue Receipts 241.00 705-084555 Reimbursement from KCCID Loan 12,500.00 Total $17,680.00

 

Section 4. That the sum of $17,680.00 is hereby appropriated from the Unappropriated Fund Balance of the Community Development Fund - 15th Year, Account No. 705-801, to the following account in said Fund:

 

705-65014B Transfer to Community Development $17,680.00 Fund - 17th Year

 

 

Section 5. That the revenue in the following accounts of the Community Development Fund - 16th Year, Fund No. 706, is hereby estimated in the following additional amounts:

 

706-038450 Rental of LCRA Properties $ 80,000.00 706-039700 Interest - Main Corridor/Werby 5,000.00 Site Loan

706-083100 Recoveries of Prior Years Expenditures 60,000.00 706-084555 Reimbursement from KCCID Loan $ 25,000.00 Total $170,000.00

 

Section 6. That the sum of $170,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Community Development Fund - 16th Year, Account No. 706-801, to the following account in said Fund:

 

706-65014B Transfer to Community Development - $170,000.00 17th Year

 

_______________________________________________________

 

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:

 

 

 

___________________________________

Assistant City Attorney