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Legislation #: 150577 Introduction Date: 7/9/2015
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER MARCASON
Title: Estimating revenue and adjusting appropriations in the General, HOME Investment, Governmental Grants, and Health Department Building Funds.

Legislation History
DateMinutesDescription
7/9/2015 Filed by the Clerk's office
7/9/2015 Referred to Finance, Governance & Ethics Committee
7/15/2015 Advance and Do Pass, Debate
7/16/2015 Passed

View Attachments
FileTypeSizeDescription
150577.pdf Authenticated 134K Authenticated
150577 fact sheet.pdf Fact Sheet 23K 150577 Fact Sheet

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ORDINANCE NO. 150577

 

Estimating revenue and adjusting appropriations in the General, HOME Investment, Governmental Grants, and Health Department Building Funds.

 

WHEREAS, the budgetary basis financial report for the month ending April 30, 2015 reported the HOME Investment Fund as having a $1,569,070.53 unreserved fund deficit; and

 

WHEREAS, Ordinance No. 150573 estimates an additional $407,911.42 of HUD Grants in the HOME Investment Fund; and

 

WHEREAS, the budgetary basis financial report for the month ending April 30, 2015 reported the Governmental Grants Fund as having a $2,170,664.15 unreserved fund balance; and

 

WHEREAS, it is necessary under generally accepted accounting principles (GAAP) financial reporting that the unreserved fund deficit in the HOME Investment Fund be eliminated in the Comprehensive Annual Financial Report (CAFR) for the fiscal year ending April 30, 2015; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the sum of $1,161,159.11 is hereby appropriated from the Unappropriated Fund Balance of the General Fund to the following account:

 

16-1000-129998-902940 Transfer to HOME Investment Fund $1,161,159.11

 

Section 2. That the revenue in the following account of the HOME Investment Fund is hereby estimated in the following amount:

 

16-2940-120000-501000 Transfer from the General Fund $1,161,159.11

 

Section 3. That the sum of $1,161,159.11 is hereby appropriated from the Unappropriated Fund Balance of the Governmental Grants Fund to the following account:

 

16-2480-129998-901000 Transfer to General Fund $1,161,159.11

 

Section 4. That the revenue in the following account of the General Fund is hereby estimated in the following amount:

 

16-1000-120000-502480 Transfer from Governmental Grants Fund $1,161,159.11

 

Section 5. That the sum of $1,009,505.04 is hereby appropriated from the Unappropriated Fund Balance of the Governmental Grants Fund to the following account:

 

16-2480-129998-903120 Transfer to Health Department Building

Fund $1,009,505.04

 

Section 6. That the revenue in the following account of the Health Department Building Fund is hereby estimated in the following amount:

 

16-3120-120000-502480 Transfer from Governmental Grants Fund $1,009,505.04

 

______________________________________

 

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:

 

 

___________________________________

Cecilia Abbott

Assistant City Attorney