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Legislation #: 080916 Introduction Date: 9/11/2008
Type: Ordinance Effective Date: 10/12/2008
Sponsor: None
Title: 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.

Legislation History
DateMinutesDescription
9/8/2008 Filed by the Clerk's office
9/11/2008 Referred to Finance and Audit Committee
9/17/2008 Hold On Agenda (9/24/2008)
9/24/2008 Do Pass
9/25/2008 Assigned to Third Read Calendar
10/2/2008 Passed

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Approp Admin - 2360 Revenues.xls Other 324K Approp/Admin worksheet
Fiscal Note-2360 Revenue.xls Fiscal Note 38K Fiscal Note
Fact Sheet - 2360 Revenues.xls Fact Sheet 33K Fact Sheet

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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