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Legislation #: 110258 Introduction Date: 4/7/2011
Type: Ordinance Effective Date: none
Sponsor: None
Title: Appropriating $34,750.00 in the NID GO Bond Fund; estimating and appropriating revenues in the amount of $10,819,049.00; reducing appropriations by $600,000.00 and reappropriating same; reducing an appropriation in the Capital Improvements Fund by $600,000.00 and reappropriating it to various accounts; authorizing the Director of Finance to transfer expenditures on certain accounts between project funds; authorizing the Directors of Public Works, General Services, Parks and Recreation, and Capital Projects Departments to transfer encumbrances on certain accounts between project funds; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

Legislation History
DateMinutesDescription
4/7/2011 Filed by the Clerk's office
4/7/2011 Referred to Transportation and Infrastructure Committee
4/14/2011 Advance and Do Pass, Debate
4/14/2011 Passed

View Attachments
FileTypeSizeDescription
110258.pdf Authenticated 83K Authenticated
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=110258 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=110258
GO 2011 Admin Approp revised 2.xls Other 63K Admin Appropriation Worksheet
GO 2011 Admin Approp revised.xls Other 63K Admin Appropriation Worksheet
GO 2011 Admin Approp.xls Other 62K Admin Appropriation Worksheet
GO 2011 E A Fiscal Note.xlsx Fiscal Note 16K Fiscal Note
GO 2011 E A Fact Sheet.xlsx Fact Sheet 28K Fact Sheet

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ORDINANCE NO. 110258

 

Appropriating $34,750.00 in the NID GO Bond Fund; estimating and appropriating revenues in the amount of $10,819,049.00; reducing appropriations by $600,000.00 and reappropriating same; reducing an appropriation in the Capital Improvements Fund by $600,000.00 and reappropriating it to various accounts; authorizing the Director of Finance to transfer expenditures on certain accounts between project funds; authorizing the Directors of Public Works, General Services, Parks and Recreation, and Capital Projects Departments to transfer encumbrances on certain accounts between project funds; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the sum of $34,750.00 is hereby appropriated from the Unappropriated Fund Balance of the NID GO Bond Fund to the following account:

 

11-5120-129998-903397 Transfer to Series 2011 G.O. Bond Fund $34,750.00

 

Section 2. That the revenue in the following accounts of the Series 2011 G.O. Bond Fund are hereby estimated in the following amounts:

 

AL-3397-120000-590000 Proceeds from Sale of Bonds $7,085,000.00

AL-3397-120000-485100 Reoffering Premium on Bonds Sold 3,699,299.00

AL-3397-120000-505120 Transfer from NID GO Bond Fund 34,750.00

TOTAL $10,819,049.00

 

Section 3. That the sum of $10,819,049.00 is hereby appropriated from the Unappropriated Fund Balance of the Series 2011 G.O. Bond Fund to the following accounts:

 

AL-3397-129620-B Bond Issue Expense $ 181,365.00

AL-3397-129686-B Arbitrage Rebate Calculation 7,500.00

AL-3397-129631-B Underwriter Discount on Sale of Bonds 263,357.00

AL-3397-129632-B Original Issue Discount 211,914.00

AL-3397-129671-G Defeasance of GO Series 2002A & 2002B 7,154,913.00

AL-3397-898017-B ADA Traffic Signals 500,000.00

AL-3397-897001-B N. Oak – 42nd to Indianola Reconstruction 2,500,000.00

TOTAL $10,819,049.00

 

Section 4. That the appropriations in the following accounts of the Series 2011 G.O. Bond Fund are hereby reduced by the following amounts:

 

AL-3397-078102-B KC Museum $ 100,000.00

AL-3397-898201-B Northwood Road 225,000.00

AL-3397-898204-A Freedom Mall 15,000.00

AL-3397-898204-B Freedom Mall 135,000.00

AL-3397-708407-B West Plaza Island 25,000.00

AL-3397-898601-B 135th St. Roadway Improvements 100,000.00

TOTAL $ 600,000.00

 

Section 5. That the sum of $600,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Series 2011 G.O. Bond Fund to the following account:

 

AL-3397-878011-B North Bennington $ 600,000.00

Section 6. That the appropriation in the following account of the Capital Improvements Fund is hereby reduced by the following amount:

 

11-3090-878011-B North Bennington $ 600,000.00

 

Section 7. That the sum of $600,000.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3090 the Capital Improvements Fund to the following accounts:

 

11-3090-078102-B KC Museum $ 100,000.00

11-3090-898201-B Northwood Road 225,000.00

11-3090-898204-A Freedom Mall 15,000.00

11-3090-898204-B Freedom Mall 135,000.00

11-3090-708407-B West Plaza Island 25,000.00

11-3090-898601-B 135th St. Roadway Improvements 100,000.00

TOTAL $ 600,000.00

 

Section 8. That the Director of Finance is hereby authorized to transfer existing expenditures from Account Nos. AL-3397-078102-B, AL-3397-898201-B, AL-3397-898204-A, AL-3397-898204-B, AL-3397-708407-B and AL-3397-898601-B to 11-3090-078102-B, 11-3090-898201-B, 11-309-898204-A, 11-3090-898204-B, 11-3090-708407-B and 11-3090-898601-B, respectively.

 

Section 9. That the Director of Public Works is hereby authorized to transfer existing encumbrances from Account Nos. AL-3397-898201-B, AL-3397-898204-A, AL-3397-898204-B and AL-3397-898601-B to 11-3090-898201-B, 11-3090-898204-A, 11-3090-898204-B and 11-3090-898601-B, respectively; that the Director of General Services is hereby authorized to transfer existing encumbrances from Account No. AL-3397-078102-B to 11-309-078102-B; and that Director of Parks and Recreation is hereby authorized to transfer existing encumbrances from Account Nos. AL-3397-708407-B to 11-3090-708407-B.

 

Section 10. That the Director of Finance is hereby authorized to transfer existing expenditures in an amount not to exceed $600,000.00 from Account No. 11-3090-878011-B to AL-3397-878011-B and that the Director of Capital Projects Department is hereby authorized to transfer existing encumbrances in an amount not to exceed $600,000.00 from Account No. 11-3090-878011-B to AL-3397-878011-B .

 

Section 11. That the Director of Finance is hereby designated as the requisitioning authority for Account Nos. 11-5120-129998-903397, AL-3397-129620-B, AL-3397-129686-B, AL-3397-129631-B, AL-3397-129632-B, and AL-3397-129671-G; that the Director of General Services is hereby designated as the requisitioning authority for Account No. 11-3090-078102-B; that the Director of Parks and Recreation is hereby designated as the requisitioning authority for Account No. 11-3090-708407-B; that the Director of Public Works is hereby designated as the requisitioning authority for Account Nos. AL-3397-898017-B, AL-3397-897001-B, 11-3090-898201-B, 11-3090-898204-A, 11-3090-898204-B and 11-3090-898601-B; and that the Director of Capital Projects Department is hereby designated as the requisitioning authority for Account No. AL-3397-878011-B

 

Section 12. That the Director of Finance is hereby authorized to close project accounts upon project completion and return the unspent portion of the appropriation to the Fund Balance from which it came.

 

_____________________________________________________

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:

 

_____________________________

Cecilia Abbott

Assistant City Attorney