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Legislation #: 010464 Introduction Date: 3/22/2001
Type: Resolution Effective Date: 4/5/2001
Sponsor: COUNCILMEMBER ASJES
Title: Stating the intention of the Council to designate funds remaining in the General Fund at the end of the 2000-01 Fiscal Year not needed to maintain the general fund balance for appropriation to the CIC capital reserve requirement, police civilianization, Legal Aid of Western Missouri, City Market capital, brush and leaf pickup and the Kansas City Film Commission and stating the CouncilĀ“s intention regarding the allocation of any remaining year-end funds.

Legislation History
DateMinutesDescription
3/22/2001

Prepare to Introduce

3/22/2001

Referred Finance and Audit Committee

3/28/2001

Be Adopted as a Committee Substitute

3/29/2001

Assigned to Third Read Calendar

4/5/2001

Adopted as Substituted


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COMMITTEE SUBSTITUTE FOR RESOLUTION NO. 010464

 

Stating the intention of the Council to designate funds remaining in the General Fund at the end of the 2000-01 Fiscal Year not needed to maintain the general fund balance for appropriation to the CIC capital reserve requirement, police civilianization, Legal Aid of Western Missouri, City Market capital, brush and leaf pickup and the Kansas City Film Commission and stating the Councils intention regarding the allocation of any remaining year-end funds.

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council hereby states its intention to designate any excess balances remaining in the General Fund at the end of the 2000-01 Fiscal Year that are not needed to maintain the general fund balance (Year-End Funds) for appropriation to the capital reserve account as required by the CIC, the police civilianization program, Legal Aid of Western Missouri, City Market capital, brush and leaf pick up and the Kansas City Film Commission.

 

Section 2. That the Council hereby states its intention to designate 25% of any Year-End Funds remaining after appropriation for the purposes stated in Section 1 above for a revenue contingency in the event that an economic slow-down negatively impacts 2001-02 revenue estimates.

 

Section 3. That the Council hereby states its intention to designate the remaining 55% of any Year-End Funds to maintaining the integrity of the 2001-02 Budget with emphasis on the following services:

 

a. Building a sinking fund for the Emergency Storm Response program up to a maximum of $2.0 million;

 

b. Increasing the allocation for street and park maintenance; and

c. Creating a Snow Removal program reserve.

 

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