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Legislation #: 150083 Introduction Date: 2/5/2015
Type: Ordinance Effective Date: none
Sponsor: None
Title: Estimating revenue and increasing appropriations in various water revenue bond funds; designating requisitioning authority; and authorizing the Director of Finance to close the 2002D2 and 2005B Sewer Revenue Bond Funds.

Legislation History
DateMinutesDescription
2/4/2015 Filed by the Clerk's office
2/5/2015 Referred to Finance, Governance & Ethics Committee
2/18/2015 Advance and Do Pass, Debate
2/19/2015 Passed

View Attachments
FileTypeSizeDescription
150083.pdf Authenticated 158K Authenticated
150083 Fiscal Note.pdf Fiscal Note 14K Fiscal Note
150083 Fact Sheet.pdf Fact Sheet 107K Fact Sheet
Cap Admin Expanded for Totals.pdf Other 15K Cap Admin

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ORDINANCE NO. 150083

 

Estimating revenue and increasing appropriations in various water revenue bond funds; designating requisitioning authority; and authorizing the Director of Finance to close the 2002D2 and 2005B Sewer Revenue Bond Funds.

 

WHEREAS, interest has accumulated in certain bond funds and that interest can be used for additional projects; and

 

WHEREAS, all the projects associated with certain Sewer Bond Funds have been completed; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the following account of the 2009A Water Project and Refunding Fund is hereby estimated:

 

AL-8071-800000-460000 Interest on Investments $ 205,031.14

Section 2. That the sum of $277,034.14 is appropriated from the Unappropriated Fund Balance of the 2009A Water Project and Refunding Fund to the following account in the 2009A Water Projects and Refunding Fund:

 

AL-8071-807703-B-80BUDGET Water Main Const/Rehab $ 277,034.14

 

Section 3. That the revenue in the following account of the 2012A Water Revenue Project Fund is hereby estimated:

 

AL-8072-800000-460000 Interest on Investments $ 215,702.52

Section 4. That the sum of $385,375.67 is appropriated from the Unappropriated Fund Balance of the 2012A Water Revenue Project Fund to the following account in the 2012A Water Project Fund:

 

AL-8072-807703-B-80BUDGET Water Main Const/Rehab $ 385,375.67

 

Section 5. That the revenue in the following accounts of the Wastewater Series 2007A Fund is hereby estimated:

 

AL-8182-800000-460000 Interest on Investments $1,222,280.68

AL-8182-800000-585200 Recovery of Prior Year

Expenditures 1,343.51

TOTAL $1,223,624.19


Section 6. That the sum of $1,341,840.94 is appropriated from the Unappropriated Fund Balance of the Wastewater Series 2007A Fund to the following account in the Wastewater Series 2007A Fund:

 

AL-8182-807790-B-80BUDGET Sewers $1,341,840.94

 

Section 7. That the Director of Water Services is designated as requisitioning authority for Account Nos. AL-8071-807703, AL-8072-807703, and AL-8182-807790.

 

Section 8. That the Director of Finance is hereby authorized to close the unexpended and unencumbered balances in the appropriation accounts and to close the remaining uncollected balances in the revenue accounts within the Sewer Revenue Bonds 2005B Project Fund, Fund 8181, to fund balance. The Director of Finance is further authorized to transfer the residual equity of the Sewer Revenue Bonds 2005B Project Fund, Fund 8181, to the Debt Service Account for the 2005B Bonds in the Sewer Fund 8110 as authorized by Ordinance No. 041390.

 

Section 9. That the Director of Finance is hereby authorized to close the unexpended and unencumbered balances in the appropriation accounts and to close the remaining uncollected balances in the revenue accounts within the 2002D2 Sanitary Sewer Revenue Bonds, Fund 8176, to fund balance. The Director of Finance is further authorized to transfer the residual equity of the 2002D2 Sanitary Sewer Revenue Bonds, Fund 8176, to Sewer Fund 8110.

 

_____________________________________________

 

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:

 

 

___________________________________

Sarah Baxter

Assistant City Attorney