ORDINANCE NO. 090433
Reducing revenue and
appropriations in the Parking Garage Fund in the amount of $860,000.00 for
Fiscal Year 2009-2010.
WHEREAS, the
contractual agreement for the operation of the KC Live Garage and the 13th and
Walnut Garage between the City of Kansas City and the Cordish Company states
that the Cordish Company is entitled to collect validation parking revenues;
and
WHEREAS, all
revenues due to the Cordish Company are recorded in collected revenue accounts
and payments are made from like accounts; and
WHEREAS, the
Fiscal Year 2009-10 budget reflected the collection of revenues at said garages
as well as the reimbursement of these revenues to the Cordish Company in
accordance with the outlined agreement, and this reflection overstates the
actual revenues and corresponding expenses for reimbursement; NOW, THEREFORE,
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That the revenue estimates in the following
accounts of the Parking Garage Fund are reduced by the following amounts:
10-2160-891293-458000 KC
Live Garage $800,000.00
10-2160-891297-458000 13th
and Walnut Garage 60,000.00
TOTAL $860,000.00
Section 2. That the appropriations in the following
accounts of the Parking Garage Fund are reduced
by the following amounts:
10-2160-891293-B KC
Live Garage $800,000.00
10-2160-891297-B 13th
and Walnut Garage 60,000.00
TOTAL $860,000.00
_____________________________________________
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:
___________________________________
Heather
A. Brown
Assistant City Attorney