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Legislation #: 130168 Introduction Date: 2/28/2013
Type: Ordinance Effective Date: none
Sponsor: None
Title: Adopting the Annual Budget of the City for the Fiscal Year 2013-14; estimating the revenues for the fiscal year; appropriating for the purposes stated the sums set forth in the Budget; establishing the Street Car Fund and the Land Bank Fund on the books of the City; closing the Community Centers Fund, the Boulevard Maintenance Fund, the Trafficway Maintenance Fund, and the Engineering Services Fund; designating requisitioning authorities; directing the Director of Finance to make the necessary entries upon the City’s records to show the appropriations and allocations provided; and authorizing inter-fund loans.

Legislation History
DateMinutesDescription
2/28/2013 Filed by the Clerk's office
2/28/2013 Referred to Finance, Governance & Ethics Committee
3/6/2013 Hold On Agenda (3/20/2013)
3/20/2013 Do Pass as a Committee Substitute
3/21/2013 Assigned Third Read Calendar as Substituted
3/28/2013 Councilmember Marcason Move to Amend
3/28/2013 Passed as Substituted and Amended

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130168.pdf Authenticated 489K AUTHENTICATED
Amendment A revised.xlsx Other 19K Amendment A - Revised
Amd A.xlsx Other 19K Amendment A
2014_Budget_Fact_Sheet Revised 130168.xlsx Fact Sheet 21K fact sheet
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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 130168, AS AMENDED

 

Adopting the Annual Budget of the City for the Fiscal Year 2013-14; estimating the revenues for the fiscal year; appropriating for the purposes stated the sums set forth in the Budget; establishing the Street Car Fund and the Land Bank Fund on the books of the City; closing the Community Centers Fund, the Boulevard Maintenance Fund, the Trafficway Maintenance Fund, and the Engineering Services Fund; designating requisitioning authorities; directing the Director of Finance to make the necessary entries upon the City’s records to show the appropriations and allocations provided; and authorizing inter-fund loans.

 

WHEREAS, Section 804 of the City Charter requires the City Council to adopt an annual budget and, as adopted, the budget constitutes an appropriation of the amount for the purposes stated as the appropriation and authorization of the amount to be raised by taxation for the purposes of the City, plus any unencumbered balance from previous years; and

 

WHEREAS, the City Council has reviewed this budget and held public hearings; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Budget now on file in the office of the City Clerk and identified by the Clerk as Document No. 130164 with the additions and reductions as shown on the following:

 

Amendment A - Revised, Programmatic Changes to the FY 2013-14 Budget

 

is hereby adopted as the annual budget of the City of Kansas City for the Fiscal Year 2013-14.

 

Section 2. That the detailed estimated revenues of the City for the ensuing Fiscal Year 2013-14 are as set forth in said Budget in Schedules VIII, XI, XII, XIII and XIV.

 

Section 3. That by adoption of said annual Budget, there are hereby appropriated for the purposes stated herein the sums set forth in Schedules II, III, IV and V. The sums hereby appropriated are set out in detail in Schedules X, XI, XII, XIII and XIV, inclusive, by activity accounts, and the total sum appropriated for each such account is divided in the following classifications, as applicable, thereof, to-wit: (a) Personal Services, (b) Contractual Services, (c) Commodities, (e) Capital Outlay, (f) Pass Through Payments, and (g) Debt Service.

 

Section 4. That the Director of Finance shall establish on the books of the City the following funds:

 

2085 Street Car Fund

6991 Land Bank Fund

 

Section 5. That the Director of Finance and the City Controller are hereby directed to close the 2370 Community Centers Fund and the 2040 Boulevard Maintenance Fund, and transfer the unexpended balances and encumbrances to the 2030 Parks and Recreation Fund.

 

Section 6. That the Director of Finance and the City Controller are hereby directed to close the 2070 Trafficway Maintenance Fund and transfer the unexpended balances and encumbrances to the 2060 Street Maintenance Fund.

 

Section 7. That the Director of Finance and the City Controller are hereby directed to close the 1180 Engineering Services Fund and transfer the unexpended balances and encumbrances to the 1140 Public Works Reimbursable Services Fund.

  

Section 8. That requisitions for encumbrances against and the payment of money out of the various appropriations described in this ordinance shall be made by those officers and employees of the City and by those persons or boards whose titles are set out opposite the designation of the departments, offices and purposes to or for which appropriations have been made, respectively, as set forth in the following schedule:

 

 

 

SCHEDULE FOR APPROPRIATION

 

 

 

DEPARTMENT OR

 

AMOUNT OF

ACTIVITY

REQUISITIONING AUTHORITY

APPROPRIATION

 

 

 

GENERAL FUND

 

 

 

 

 

Office of the Mayor

Mayor

$ 1,746,928

Office of the City Council

Mayor Pro Tem

$ 1,852,832

Council in District 1 Expenses

In District 1 Councilperson

$ 72,000

Council in District 2 Expenses

In District 2 Councilperson

$ 72,000

Council in District 3 Expenses

In District 3 Councilperson

$ 72,000

Council in District 4 Expenses

In District 4 Councilperson

$ 72,000

Council in District 5 Expenses

In District 5 Councilperson

$ 72,000

Council in District 6 Expenses

In District 6 Councilperson

$ 72,000

Council at Large District 1 Expenses

At Large District 1 Councilperson

$ 72,000

Council at Large District 2 Expenses

At Large District 2 Councilperson

$ 72,000

Council at Large District 3 Expenses

At Large District 3 Councilperson

$ 72,000

Council at Large District 4 Expenses

At Large District 4 Councilperson

$ 72,000

Council at Large District 5 Expenses

At Large District 5 Councilperson

$ 72,000

Council at Large District 6 Expenses

At Large District 6 Councilperson

$ 72,000

City Clerk

City Clerk

$ 460,760

City Auditor

City Auditor

$ 1,218,983

General Services

Director of General Services

$ 28,043,275

General Services - Johnson Controls, Fleet Mgt System

Director of Finance

$ 7,206,858

Vehicles Debt Service & Debt Service

 

Elections, Jackson County

City Manager

$ 1,050,000

Elections, Clay County

City Manager

$ 325,000

Elections, Platte County

City Manager

$ 300,000

Elections, Cass County

City Manager

$ 1,000

Office of the City Manager

City Manager

$ 7,409,467

Office of the City Manager -

 

 

CRM Debt Service

Director of Finance

$ 186,328

Finance Department

Director of Finance

$ 10,958,898

Kemper Arena Debt Service

Director of Finance

$ 1,764,700

Aviation Loan Repayment

Director of Finance

$ 1,500,000

Citadel Debt Service

Director of Finance

$ 914,217

Public Infrastructure Debt Service

Director of Finance

$ 76,938

Transfer to Motor Fuel Tax Fund

Director of Finance

$ 14,437,133

Transfer to Parking Garage Fund

Director of Finance

$ 4,151,574

Transfer to Domestic Violence Shelter Fund

Director of Finance

$ 116,138

Transfer to General Debt & Interest Fund

Director of Finance

$ 3,831,130

Transfer to Streetlight Debt Fund

Director of Finance

$ 9,409,150

Transfer to Super TIF - Valentine Fund

Director of Finance

$ 315,000

Transfer to Super TIF - Brush Creek Fund

Director of Finance

$ 438,038

Transfer to Super TIF - East Village Fund

Director of Finance

$ 545,000

Transfer to KC Downtown Redevelopment District

Director of Finance

$ 14,277,732

Transfer to Super TIF - HOK Sport Fund

Director of Finance

$ 490,278

Transfer to Pilots

Director of Finance

$ 223,500

Transfer to Land Bank

Director of Finance

$ 2,233,000

Law Department

City Attorney

$ 3,928,526

Human Resources Department

Director of Human Resources

$ 3,671,777

Contingent Appropriation

By Ordinance

$ 4,800,000

Police Department

Board of Police Commissioners

$ 195,414,132

Fire Department

Director of Fire

$ 85,228,349

Municipal Court

Clerk of the Municipal Court

$ 12,962,336

Human Relations

Director of Human Relations

$ 939,743

Neighborhoods and Housing

Director of Neighborhoods and Housing

 

Services Department

Services Department

$ 18,698,097

NHS - Tow Vehicles and Tow Lot

 

 

Debt Service

Director of Finance

$ 1,539,710

City Development Department

Director of City Development

$ 4,690,900

City Development Department -

 

 

Columbus Park and Power & Light Debt

Director of Finance

$ 903,059

Parks and Recreation Operations

Board of Parks and

 

 

Recreation Commissioners

$ 3,505,832

Public Works Department

Director of Public Works

$ 23,587,046

Public Works Department -

 

 

Paseo Interchange Debt

Director of Finance

$ 659,699

 

TOTAL GENERAL FUND

$ 476,877,063

 

 

 

SPECIAL REVENUE FUNDS

 

MUSEUM FUND

 

 

Independent Audit, Tax Collection Fees

Director of Finance

$ 23,495

Kansas City Museum

Director of General Services

$ 1,409,048

Public Works Department

Director of Public Works

$ 190,000

 

TOTAL MUSEUM FUND

$ 1,622,543

 

 

 

PARKS AND RECREATION FUND

Parks and Recreation Department

Board of Parks and

$ 33,555,675

 

Recreation Commissioners

 

 

 

 

GOLF OPERATIONS FUND

 

 

Golf Operations

Board of Parks and

$ 5,429,950

 

Recreation Commissioners

 

Golf Equipment Debt Service

Director of Finance

$ 537,730

 

TOTAL GOLF OPERATIONS FUND

$ 5,967,680

 

 

 

STREET MAINTENANCE FUND

 

 

Street Maintenance and Preservation

Director of Public Works

$ 33,655,591

 

 

 

PUBLIC MASS TRANSPORTATION FUND

Transfer to General Fund

Director of Finance

$ 2,634,000

Kansas City Area

 

 

Transportation Authority

Director of Public Works

$ 23,465,756

Transportation Engineering

Director of Public Works

$ 5,992,112

TOTAL PUBLIC MASS TRANSPORTATION FUND

$ 32,091,868

 

 

 

STREET CAR FUND

 

 

Public Works - Street Car - Debt Service

Director of Finance

$ 4,974,000

Street Car - Operations

Director of Finance

$ 1,100,000

 

TOTAL STREET CAR FUND

$ 6,074,000

 

 

 

PARKING GARAGE FUND

 

 

Garage and Parking Operations

Director of Public Works

$ 4,644,796

Public Works - Garage Debt Service

Director of Finance

$ 4,332,780

 

TOTAL PARKING GARAGE FUND

$ 8,977,576

 

 

 

PERFORMING ARTS CENTER GARAGE FUND

 

Performing Arts Center Garage Operations

Director of Public Works

$ 556,414

Public Works - Garage Debt

Director of Finance

$ 150,200


 

Transfer to General Fund

Director of Finance

$ 116,393

 TOTAL PERFORMING ARTS CENTER GARAGE FUND

$ 823,007

 

 

 

DEVELOPMENT SERVICES FUND

Office of the City Manager

City Manager

$ 100,000

City Planning Department

Director of City Planning and Development

$ 9,680,325

Public Works Department

Director of Public Works

$ 100,000

 

TOTAL DEVELOPMENT SERVICES FUND

$ 9,880,325

 

 

 

AMBULANCE SERVICES FUND

 

 

Office of the City Manager

City Manager

$ 259,579

Fire Department - Debt Service

Director of Finance

$ 646,450

Fire Department

Director of Fire

$ 27,222,896

 

TOTAL AMBULANCE SERVICES FUND

$ 28,128,925

 

 

 

KANSAS CITY AREA TRANSPORTATION AUTHORITY SALES TAX FUND

 

KCATA Operations

Director of Public Works

$ 23,077,700

 

TOTAL KCATA SALES TAX FUND

$ 23,077,700

 

 

 

FIRE SALES TAX FUND

 

 

General Services

Director of General Services

$ 500,000

Office of the City Manager

City Manager

$ 187,850

Fire Department

Director of Fire

$ 17,919,125

Fire Equipment - Debt Service

Director of Finance

$ 2,134,928

 

TOTAL FIRE SALES TAX FUND

$ 20,741,903

 

 

 

PUBLIC SAFETY SALES TAX

 

 

General Services

Director of General Services

$ 500,000

Office of the City Manager

City Manager

$ 300,000

Police Department

Board of Police Commissioners

$ 3,525,000

Fire Department

Director of Fire

$ 750,000

Transfer to General Debt & Interest Fund

Director of Finance

$ 11,338,713

Transfer to GO Recovery Zone Bonds

Director of Finance

$ 529,055

 

TOTAL PUBLIC SAFETY SALES TAX

$ 16,942,768

HEALTH LEVY FUND

 

 

General Services

Director of General Services

$ 817,174

Property Tax Collection Fees

Director of Finance

$ 798,953

Police Department

Board of Police Commissioners

$ 150,000

Transfer to Ambulance Services Fund

Director of Finance

$ 10,239,839

Health Department

Director of Health

$ 11,130,226

Health and Medical Care -

 

 

Children's Mercy Hospital

Director of Health

$ 657,205

Northland Health Care Access

Director of Health

$ 328,066

Richard Cabot Club Health Center

Director of Health

$ 368,006

Swope Parkway Health Center

Director of Health

$ 1,455,843

KC Free Health Clinic

Director of Health

$ 518,984

Samuel U. Rodgers Center

Director of Health

$ 1,255,843

Truman Medical Center

Director of Health

$ 26,403,075

Swope Ridge Debt Service

Director of Finance

$ 166,555

 

TOTAL HEALTH LEVY FUND

$ 54,289,769

 

 

 

POLICE DRUG ENFORCEMENT FUND 

Police Department

Board of Police Commissioners

$ 2,331,382

Neighborhoods and Housing

Director of Neighborhoods and Housing

 

Services Department

Services Department

$ 36,000

 

TOTAL POLICE DRUG ENFORCEMENT FUND

$ 2,367,382

 

 

 

NEIGHBORHOOD TOURIST DEVELOPMENT FUND

 

Neighborhoods and Housing

Director of Neighborhoods and Housing

 

Services Department

Services Department

$ 85,000

Neighborhood Tourism Projects

Director of Neighborhoods and Housing

 

 

Services Department

$ 1,615,870

 TOTAL NEIGHBORHOOD TOURIST DEVELOPMENT FUND

$ 1,700,870

 

 

 

CONVENTION AND TOURISM FUND

Office of Mayor and Council

Mayor

$ 175,000

Office of the City Manager

City Manager

$ 375,000

Convention and Entertainment

Director of Convention and

 

Facilities Department

Entertainment Facilities

$ 16,392,891

Convention and Entertainment

 

 

Facilities Department

Director of Finance

$ 500,000

Convention and Visitors Association

Mayor

$ 6,912,400

Transfer to Neighborhood

Director of Finance

$ 1,769,230

Transfer to Super TIF -

 

 

12th and Wyandotte Fund

Director of Finance

$ 1,115,000

Transfer to Convention and

 

 

Sports Complex Fund

Director of Finance

$ 19,147,900

 

TOTAL CONVENTION AND TOURISM FUND

$ 46,387,421

 

 

 

Police Grants Fund

Board of Police Commissioners

$ 8,087,605

 

Arterial Street Impact Fee Fund

Director of City Development

$ 63,000

 

Youth Employment Fund

Mayor

$ 150,000

 

 

 

DOMESTIC VIOLENCE SHELTER OPERATIONS FUND

 

Law Department

City Attorney

$ 415,133

Neighborhoods and Housing

Director of Neighborhoods and Housing

 

Services Department

Services Department

$ 345,000

 TOTAL DOMESTIC VIOLENCE SHELTER OPERATIONS FUND

$ 760,133

 

 

 

Governmental Grants Fund

Director of Health

$ 5,219,155

 

 

 

ARRA Stimulus Grant Fund

City Manager

$ 369,302

 

 

 


 

Justice Assistance Grant

Director of Neighborhoods and Housing

 

 

Services Department

$ 430

 

 

 


COMMUNITY DEVELOPMENT BLOCK GRANT FUND

 

Law Department

City Attorney

$ 69,758

Neighborhoods and Housing

Director of Neighborhoods and Housing

 

Services Department

Services Department

$ 7,296,451

 

TOTAL COMMUNITY DEVELOPMENT BLOCK GRANT FUND

$ 7,366,209

 

 

 

Ryan White HIV/AIDS Fund

Director of Health

$ 4,818,544

 

Housing Opportunities for

 

 

Persons With AIDS Fund

Director of Health

$ 1,124,142

 

HUD Lead-based Paint Grant Fund

Director of Health

$ 1,014,221

 

Inmate Security Fund

Municipal Court Administrator

 $ 173,063

 

Home Investment Fund

Director of Neighborhoods and Housing

 


 

Services Department

$ 5,181,567


 

CAPITAL IMPROVEMENTS FUND

 

General Services

Director of General Services

$ 5,757,454

General Services - City Market Debt

Director of Finance

$ 1,448,921

Office of the City Manager

City Manager

$ 574,240

Law Department

City Attorney

$ 398,592

Neighborhoods and Housing

Director of Neighborhoods and Housing

$ 942,262

Services Department

Services Department

 

Parks and Recreation

Board of Parks and

 

 

Recreation Commissioners

$ 6,419,366

Water Services

Director of Water Services

$ 5,899,942

Public Works

Director of Public Works

$ 40,972,291

Public Works - Zona Rosa / Prospect /Fairyland Debt

Director of Finance

$ 2,552,455

Public Works - Paseo Interchange Debt

Director of Finance

$ 1,180,000

Transfer to Youth Employment Fund

Director of Finance

$ 150,000

Transfer to General Debt & Interest Fund

Director of Finance

$ 7,887,592

 

TOTAL CAPITAL IMPROVEMENTS FUND

$ 74,183,115

 

 

 

General Debt and Interest Fund

Director of Finance

$ 35,715,812

 

GO Recovery Zone Bonds

Director of Finance

$ 531,508

 

Streetlight Debt Fund

Director of Finance

$ 9,409,150


 

 

Downtown Arena Project Fund

Director of Finance

$ 15,207,639

 

Special Allocation Fund

Director of Finance

$ 2,087,336

 

Super TIF - 12th and Wyandotte Fund

Director of Finance

$ 3,640,742

 

 

 

SUPER TIF – MIDTOWN FUND

 

 

City Development Department

Director of City Development

$ 1,250,000

Super TIF - Midtown Fund

Director of Finance

$ 5,754,307

 

TOTAL SUPER TIF - MIDTOWN FUND

$ 7,004,307

 

 

 

Super TIF - Uptown Fund

Director of Finance

$ 399,119

 

Super TIF - Valentine Fund

Director of Finance

$ 314,533

 

Super TIF - Hotel President Fund

Director of Finance

$ 1,341,250

 

Super TIF - Brush Creek Fund

Director of Finance

$ 1,154,838

 

 

 

SUPER TIF – EAST VILLAGE FUND

 

 

Super TIF - East Village Fund

Director of Finance

$ 2,651,370

City Development Department

Director of City Development

$ 25,000

 

TOTAL SUPER TIF - EAST VILLAGE FUND

$ 2,676,370

 

 

 

Super TIF - 909 Walnut Fund

Director of Finance

$ 625,097

 

KC Downtown Redevelopment District Fund

Director of Finance

$ 19,668,432

 

Super TIF - HOK Sport Garage Fund

Director of Finance

$ 721,100

 

 

 

CONVENTION AND SPORTS COMPLEX FUND

 

Bartle Hall Expansion Debt Service

Director of Finance

$ 18,560,118

Convention and Tourism -

 

 

Jackson County Sports Authority

City Manager

$ 2,000,000

Transfer to Convention and Tourism Fund

Director of Finance

$ 650,000

 TOTAL CONVENTION AND SPORTS COMPLEX FUND

$ 21,210,118

 

 

 

Liberty Memorial Endowment

Board of Parks and

 

Fund

Recreation Commissioners

$ 146,790

 

Land Bank Fund

Director of Neighborhoods and Housing

 

 

Services Department

$ 2,397,000

 

 

 


 

ENTERPRISE FUNDS

 

 

 

 

 

 

 

Water Fund

Director of Water Services

$ 147,556,856

 

Sewer Fund

Director of Water Services

$ 143,764,487

 

Stormwater Fund

Director of Water Services

$ 15,234,283

 

Kansas City Airports Fund

Director of Aviation

$ 118,259,600

 

DEA Drug Forfeiture Fund

Director of Aviation

$ 50,000

 

Passenger Facility Charge Fund

Director of Aviation

$ 16,054,500

 

Customer Facility Charge Fund

Director of Aviation

$ 11,122,400

 

KCI Overhaul Base

Director of Aviation

$ 3,200,000

 

 

 

 

 

ASSESSMENT FUNDS

 

 

 

 

 

 

 

REVOLVING PUBLIC IMPROVEMENT FUND

 

 

Public Works Department

Director of Public Works

$ 1,500,000

 

Finance Department

Director of Finance

$ 10,000

 

Transfer to General Fund

Director of Finance

$ 1,560,000

 

 TOTAL REVOLVING PUBLIC IMPROVEMENT FUND

$ 3,070,000

 

 

 

 

 

Sewer Special Assessment Fund

Director of Finance

$ 995,998

 

 

 

 

 

Neighborhood Improvement District GO Bond

Director of Finance

$ 46,300

 

 

 

 

 

CONSOLIDATED,INTERNAL SERVICE AND OTHER FUNDS

 

 

 

 

 

LEGAL EXPENSE FUND

 

 

 

General Services

Director of General Services

$ 250,000

 

Legal Claim Settlements

City Attorney

$ 5,841,183

 

Human Resources Department

Director of Human Resources

$ 100,000

 

 

TOTAL LEGAL EXPENSE FUND

$ 6,191,183

 

 

 

 

 

WORKERS' COMPENSATION FUND

 

 

Workers' Compensation Claims/

 

 

 

Risk Management

Director of General Services

$ 7,632,194

 

Workers' Compensation Settlements -

 

 

 

Legal Services

City Attorney

$ 2,264,977

 

Workers' Compensation Settlements - Police

Board of Police Commissioners

$ 2,220,000

 

 

TOTAL WORKERS' COMPENSATION FUND

$ 12,117,171

 

 

 

 

 

INSURANCE PREMIUM RESERVE FUND

 

 

General Services

Director of General Services

$ 2,308,260

 

Human Resources

Director of Human Resources

$ 691,530

 

 

INSURANCE PREMIUM RESERVE FUND

$ 2,999,790

 

 

 

 

 

Healthcare System Trust

Director of Human Resources

$ 100,000

 

 

 

 

 

NEIGHBORHOOD IMPROVEMENT DISTRICT

 

 

Finance Department

Director of Finance

$ 6,152,979

 

Public Works Department

Director of Public Works

$ 20,000

 

TOTAL NEIGHBORHOOD IMPROVEMENT DISTRICT FUND

$ 6,172,979

 

Parks and Recreation

Board of Parks and

 

 

  Reimbursable Fund

Recreation Commissioners

$ 800,000

 

 

 

 

 

Public Works Reimbursable Fund

Director of Public Works

$ 7,863,103

 

 

 

 

 

General Services Fund

Director of General Services

$ 35,191,612

 

 

Fleet Services Fund

Director of General Services

$ 22,149,552

 

 

 

 

 

INFORMATION TECHNOLOGY REIMBURSABLE SERVICES FUND

 

 

Information Technology Department

Director of Information Technology

$ 8,645,855

 

Information Technology Department -

 

 

 

Debt Service

Director of Finance

$ 105,516

 

 INFORMATION TECHNOLOGY REIMBURSABLE SERVICES FUND

$ 8,751,371

 

 

 

 

 

EQUIPMENT LEASE DEBT SERVICE FUND

 

 

 

Finance Department

Director of Finance

$ 1,878,534

 

 

CHAPTER 100 PILOTS FUND

 

 

Chapter 100 Pilots Fund - Pilots

Director of Finance

$ 2,840,374

 

Chapter 100 Pilots Fund - Transfers

Director of Finance

$ 679,613

 

 

TOTAL PAYMENTS IN LIEU OF TAXES FUND

$ 3,519,987

 

 

 

 

Water Working Capital Fund

Director of Water Services

$ 2,950,700

 

 

Sewer Working Capital Fund

Director of Water Services

$ 3,556,212

 

 

 

 

 

Section 9. That the Director of Finance is hereby authorized to borrow amounts not to exceed $250,000,000.00 to meet the cash requirements of the General Fund and other general municipal funds in anticipation of the receipts from the general revenues, for the Fiscal Year 2013-14. Such borrowings may be in the form of temporary loans made from one current operating fund of the City, including the Revolving Public Improvement Fund and the operating funds of the enterprise funds, to another, provided sufficient money is available for this purpose. Such temporary loans may be made from time to time and at such times and in such amounts as the Director of Finance may deem necessary, but the aggregate amount of such outstanding loans at no time shall exceed $250,000,000.00 and at no time shall individually exceed 75% of the estimated revenues of each general municipal fund for the Fiscal Year 2013-14 then outstanding and uncollected.

 

Section 10. That all such loans shall be repaid on or before the due date thereof out of the receipts from revenues of the 2013-14 Fiscal Year, and shall become due not more than nine months from the date of incurring the same, and in no event beyond the end of the 2013-14 fiscal year.

 

Section 11. That the Director of Finance is directed to make the necessary entries upon the City’s records to show the appropriations and allocations as set forth in this ordinance.

 

Section 12. That the form of the budget hereby adopted, the estimated revenues therein contained and the appropriations made by this ordinance as set out in such budget are hereby approved.

 

__________________________________________________________________

 

Approved as to form and legality:

 

 

_________________________________

Cecilia Abbott

Assistant City Attorney