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Legislation #: 080455 Introduction Date: 5/1/2008
Type: Ordinance Effective Date: 5/25/2008
Sponsor: None
Title: Authorizing the Director of Finance to establish a new series of General Consolidating funds.

Legislation History
DateMinutesDescription
5/1/2008 Filed by the Clerk's office
5/1/2008 Referred to Finance and Audit Committee
5/7/2008 Hold On Agenda (5/14/2008)
5/14/2008 Advance and Do Pass as a Committee Substitute, Debate
5/15/2008 Passed as Substituted

View Attachments
FileTypeSizeDescription
080455.pdf Authenticated 47K Authenticated
Internal Service Funds - fact sheet.xls Fact Sheet 45K fact sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 080455

 

Authorizing the Director of Finance to establish a new series of General Consolidating funds.

 

WHEREAS, in an effort to address inefficiencies identified by the Citys outside auditors in the operations of the Internal Service Working Capital funds; and

 

WHEREAS, the City will improve the efficiency and accountability of the new General Consolidating funds; and

 

WHEREAS, the City needs to occasionally closeout funds whose purpose is no longer needed; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the following group of General Consolidating funds be established upon the books of the City:


1010 Legal Expense Fund
1011 Workers Compensation Fund
1012 Insurance Premium Fund
1150 General Services Fund
1151 Fleet Services
1160 Information Technology Reimbursable Fund
1180 Engineering Services (CIMO) Fund

_____________________________________________

 

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 Gunter

Acting Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney