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Legislation #: 120195 Introduction Date: 3/1/2012
Type: Ordinance Effective Date: 3/25/2012
Sponsor: None
Title: Estimating revenues in the amount of $30,035,804.00 in Fund 8072, the 2012A Water Revenue Project Fund and appropriating the same from the sale of Water Revenue Bonds, Series 2012A; designating requisitioning authority; and authorizing the Director of Finance to close project accounts upon project completion.

Legislation History
DateMinutesDescription
2/29/2012 Filed by the Clerk's office
3/1/2012 Referred to Finance, Governance & Ethics Committee
3/7/2012 Do Pass
3/8/2012 Assigned to Third Read Calendar
3/15/2012 Passed

View Attachments
FileTypeSizeDescription
120195.tiff Authenticated 58K AUTHENTICATED
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=120195 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=120195
120195 Fiscal Note.xls Fiscal Note 57K Fiscal Note
120195 Fact Sheet.xlsx Fact Sheet 58K Fact Sheet
Water 2012A Fiscal Note.xls Fiscal Note 73K Water 2012A Fiscal Note
Water 201A Admin Approp.xlsx Other 30K Water 2012A Admin & Approp

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ORDINANCE NO. 120195

 

Estimating revenues in the amount of $30,035,804.00 in Fund 8072, the 2012A Water Revenue Project Fund and appropriating the same from the sale of Water Revenue Bonds, Series 2012A; designating requisitioning authority; and authorizing the Director of Finance to close project accounts upon project completion.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the revenue in the following accounts of Fund 8072, 2012A Water Revenue Project Fund is hereby estimated in the following amounts:

 

AL-8072-120000-590000 Proceeds from Sale of Bonds $25,225,000.00

AL-8072-120000-485100 Reoffering Premium 4,810,804.00

TOTAL $30,035,804.00

 

Section 2. That the sum of $30,035,804.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 8072, 2012A Water Revenue Project Fund to the following accounts:

 

AL-8072-807703-B-80BUDGET Water Main Const/Rehab $29,495,334.00

AL-8072-129632-B Original Issue Discount 73,422.00

AL-8072-129620-B Bond Issuance Expense 205,000.00 AL-8072-129631-B Underwriter Discount 252,048.00

AL-8072-129686-B 2012A Rebate Subaccount 10,000.00

Total $30,035,804.00

 

 

Section 3. That the Director of Finance is hereby designated as requisitioning authority for account numbers AL-8072-129631-B, AL-8072-129620-B, AL-8072-129632-B, and AL-8072-129686-B and that the Director of Water Services is hereby designated as the requisitioning authority for account number AL-8072-807703-B.

Section 4. 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.

 

 

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

Sarah Baxter

Assistant City Attorney