ORDINANCE NO. 080916
Appropriating funds in the
Convention and Tourism Fund for Bartle Hall uncompleted capital projects in the
amount of $2,601,797.00 to provide required funding for the Convention and
Visitors Association, Neighborhood Tourist Development, and Bartle Hall debt
service; restimating revenue in the amount of $46,592.00 in the Neighborhood
Tourist Development Fund; and reestimating revenue in the amount of
$1,979,703.00 in the Convention and Sports Complex Fund.
WHEREAS, by
state law, the Citys Convention and Visitors Association and Neighborhood
Tourist Development Fund are to receive 40% and 10% of City hotel/motel tax
receipts annually; and
WHEREAS, under
state law, all restaurant taxes net of TIF reimbursements are to be used for
either Convention Center facility improvements or debt service costs; and
WHEREAS, annually
the City provides a final ordinance to fully and finally allocate all
convention and tourism taxes received by the City to its proper location; and
WHEREAS, the
City is desirous of maintaining at least an unreserved fund balance equivalent
to 5% of the net available revenues generated within that fund; and
WHEREAS, with
final allocation of all resources in the Convention and Tourism Fund, the
unreserved fund balance would total $0.4 million or 2.4% of projected net fund
revenues for FY 2008-09; NOW THEREFORE
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY.
Section 1. That
$2,601,797.00 is appropriated from the Unappropriated Fund Balance of the
Convention and Tourism Fund to the following accounts in the Convention and
Tourism Fund:
09-2360-129998-X Transfer to NTDF $
46,592.00
09-2360-129998-X Transfer
to Bartle Hall Debt Fund 1,979,703.00
09-2360-672000-F Convention
and Visitors Assoc. 128,870.00
09-2360-638822-B Bartle
Hall - North Dock 446,632.00
TOTAL $2,601,797.00
Section 2. That
revenue is hereby reestimated in the following account of the Neighborhood
Tourist Development Fund:
09-2350-120000-502360
Transfer from Convention &
Tourism Fund $ 46,592.00
Section 3. That
revenue is hereby reestimated in the following additional amount in the
following account of the Convention and Sports Complex Fund:
09-5370-120000-502360
Transfer from Convention &
Tourism Fund $1,979,703.00
_____________________________________________
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:
___________________________________
Joseph
Guarino
Assistant City Attorney