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Legislation #: 080478 Introduction Date: 5/8/2008
Type: Ordinance Effective Date: 6/8/2008
Sponsor: None
Title: Reducing revenues and adjusting appropriations in the Neighborhood Improvement District Fund (No. 6820); and estimating and appropriating funds for debt service in the Equipment Lease Debt Fund for FY 2008-09.

Legislation History
DateMinutesDescription
5/7/2008 Filed by the Clerk's office
5/8/2008 Referred to Finance and Audit Committee
5/14/2008 Hold On Agenda (5/21/2008)
5/21/2008 Do Pass as a Second Committee Substitute
5/22/2008 Assigned Third Read Calendar as Substituted
5/29/2008 Passed As Second Substitute

View Attachments
FileTypeSizeDescription
080478.pdf Authenticated 89K Authenticated
080478 Compare CS to 2nd CS.doc Other 35K Compared Version Comm Sub to 2nd Comm Sub
Fiscal Note - 6820 Fund.xls Fiscal Note 46K Fiscal Note - 6820 Fund
Fact Sheet - 6820 Fund.xls Fact Sheet 39K Fact Sheet - 6820 Fund

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SECOND COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 080478

Reducing revenues and adjusting appropriations in the Neighborhood Improvement District Fund (No. 6820); and estimating and appropriating funds for debt service in the Equipment Lease Debt Fund for FY 2008-09.

WHEREAS, the Neighborhood Improvement District Fund (No. 6820) is an agency fund of the City to record revenues and expenditures associated with seven neighborhood improvement district special assessment projects that are administered by the City; and

 WHEREAS, this fund acts as a clearinghouse for these projects and is not reported as a part of the overall budget of the City; and

WHEREAS, the final allocation for the 2008 KCMO Special Obligation Bond Fund occurred to late in the fiscal year to be incorporated into the overall FY 2008-09 adopted budget; and

WHEREAS, the budget for these funds needs to be adjusted to reflect a better estimate of the actual revenues to be received and expenditures incurred in this fund; NOW, THEREFORE,

  BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

  Section 1. That estimated revenue in the following account of the Neighborhood Improvement District Fund (No. 6820) is hereby reduced in the following amount:

 09-6820-120000-484000 Collections from Assessments $431,659.00

 Section 2. That the appropriations in the following accounts of the Neighborhood Improvement District Fund (No. 6820) are increased by the following amounts:

09-6820-129635-G Barrytowne Special Assessment $ 1,200.00

09-6820-129636-G Country Club Special Assessment 57,520.00

09-6820-129639-G 108th & Cookingham Special Assessment 515.00

09-6820-129640-G Plaza Colonade Special Assessment 25,544.00

09-6820-129637-B Chouteau & I-35 NID 538,825.00

09-6820-129638-B 909 Tower NID 582,500.00

09-6820-129629-B HOK Special Assessment 125,000.00

TOTAL $1,331,104.00

 

Section 3. That revenue in the following accounts of the Equipment Lease Debt Service Fund (No. 5230) is hereby re-estimated in the following additional amounts:

 

09-5230-120000-501000 Trfr from General Fund $ 823,953.00

09-5230-120000-502090 Trfr from Gaming Fund 423,392.00


 

09-5230-120000-505150 Trfr from Special Allocation 120,847.00

09-5230-120000-502050 Trfr from Golf Fund 542,582.00

09-5230-120000-502330 Trfr from Health Levy 165,704.00

TOTAL $2,076,478.00

 

Section 4. That $2,076,478.00 is hereby appropriated from the Unappropriated Fund Balance of the Equipment Lease Debt Service Fund (No. 5230) to the following account in the Equipment Lease Debt Service Fund (No. 5230):

 

09-5230-129682-G 08 KCMO Spec. Oblig. Bond $2,076,478.00

 

_____________________________________________

 

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.

 

 

___________________________________

Wanda J. Gunter

Acting Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Nicole Rowlette

Assistant City Attorney