ORDINANCE NO. 080885
Reestimating Uncollected
Prior-Year Grant Revenues in the Motor Fuel Tax Fund.
WHEREAS, on a
budgetary basis, the City ended the 2007-08 fiscal year with a deficit of $1.9
million in the Motor Fuel Tax Fund; and
WHEREAS, the
reported budgetary deficit can be fully resolved by reestimating grant
revenues due to the City, but not yet received by the City; and
WHEREAS, a total
of $2.48 million in grants can be reestimated by the City which includes $1.56
million due from Clay County for four years of the Citys share of county sales
tax revenues allocated for roads and bridges that were previously anticipated
to be received by the City; and
WHEREAS, the
City is desirous of maintaining at least 5% of all budgeted fund revenues as an
unreserved fund balance in each of the general municipal funds of the City
excluding the General Fund; and
WHEREAS, with
approval of this ordinance and collection of these grants, the unreserved fund
balance on a budgetary basis in the Motor Fuel Tax Fund would become $0.58
million or just over 2.7% of budgeted revenues for FY 2008-09; NOW, THEREFORE,
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY
Section 1. That
revenue in the following accounts of the Motor Fuel Tax Fund is estimated in
the following amounts:
09-2060-890001-474630 Main
St & Truman Rd Signal $ 88,000.00
09-2060-890001-474630 McGee
& Truman Rd Signal 88,000.00
09-2060-890001-474630 Walnut
& Truman Rd Signal 88,000.00
09-2060-890001-474630 Troost
& 63rd St Signal 82,800.00
09-2060-890001-474630 Holmes
& 13th St Signal 312,000.00
09-2060-890001-476648 Prospect
& 12th St Signal 88,000.00
09-2060-890001-483242 Contribution
from Prairie Village 181,587.00
09-2060-120000-480190 Clay
County Road & Bridge 1,557,642.00
TOTAL $2,486,029.00
_____________________________________________
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:
___________________________________
William
Geary
Assistant City Attorney