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Last Published: 6/29/2009 3:14:34 PM
KANSAS CITY COUNCIL RECORD
 
Upon Roll Call the following members were present:
Present:4 - DEB HERMANN, SHARON SANDERS BROOKS, BETH GOTTSTEIN, RUSS JOHNSON
Out:1 - JAN MARCASON
 

990348
(Sub.)
Approving and designating Redevelopment Project B of the Savoy Hotel Tax Increment Financing Redevelopment Plan, as a Redevelopment Project, and adopting tax increment financing therein.


FINANCE AND AUDIT COMMITTEE recommends "HOLD ON AGENDA (3/4/2009)"
This item was held one week.

990349
(Sub.)
Approving and designating Redevelopment Project C of the Savoy Hotel Tax Increment Financing Redevelopment Plan, as a Redevelopment Project, and adopting tax increment financing therein.


FINANCE AND AUDIT COMMITTEE recommends "HOLD ON AGENDA (3/4/2009)"
This item was held one week.

090058
(Sub.)
RESOLUTION - Directing the City Manager to maintain the hiring freeze and other existing cost containment measures, limit certain discretionary expenditures, present recommendations to remediate the potential shortfall following the third quarter analysis and immediately begin the reduction in force proposed in the submitted budget.


FINANCE AND AUDIT COMMITTEE recommends "HOLD ON AGENDA (3/4/2009)"
This item was held one week. The City Manager is still working on this item for council.

090129
(Sub.)
Amending Chapter 2 of the Code of Ordinances of Kansas City, Article XIV “Budgetary and Financial Policies” by enacting new divisions and enacting sections which codify the Investment Policy, Contingent Appropriation Policy, Debt Policy, and Costs of Public Financing Policy for the City and renumbering Section 2-1950, Non-recurring Revenue Policy, as Section 2-1970.


FINANCE AND AUDIT COMMITTEE recommends "DO PASS AS A COMMITTEE SUBSTITUTE"
Troy Schulte, Budget Officer, explained that this ordinance was a result of council request. Various passages have been incorporated and codified into Chapter 2 regarding Contingent Appropriations. The information had not been included in the new Charter. So the old language was incorporated into the new Financial Policy. So the ordinance adds new wording to the section. Councilwoman Gottstein asked questions about the City's liquidity. Randy Landes, City Treasurer, answered the questions that Councilwoman Gottstein had on the subject. He also stated that the Investment Committee also made a recommendation for a small change to the Investment Policy so that it follows State Statutes. Councilman Johnson
Ayes: 4 - Hermann, Sanders Brooks, Gottstein, Johnson
Nays: 0

090130
Approving a Development Assistance Agreement between Citadel Plaza, LLC and Block & Company, Inc. in connection with the Southtown Urban Life Development Tax Increment Financing Plan; approving the form of First Amendment to Cooperative Agreement to be executed by the City, the Tax Increment Financing Commission of Kansas City, Missouri, and Citadel Plaza LLC, and authorizing the City Manager to execute the First Amendment to Cooperative Agreement in such form; and determining that all requirements prior to the advance of City funds have been satisfied.


FINANCE AND AUDIT COMMITTEE recommends "HOLD ON AGENDA (3/4/2009)"
This item was held one week. Councilman Riley stated that he was still working with the developer on issues that need to be worked through.
 
 The Monthly Financial Report for December, 2008 will be presented. City Controller Mary Temple and CFO Jeff Yates, made the presentation before the committee. Ms. Temple indicated that expenditures were up and revenue collected was down for the same period as a year ago. She was waiting to see what the figures would be for the fiscal year. Mr. Yates was on hand to answer any questions the committee might have. Staff from the City Auditor's Office will present the Performance Audit: Review of Audits of Outside Agencies. Gary White, City Auditor, indicated that the audit had been done by Joyce Patton and Nancy White, of his staff. They talked about the audits of 2 agencies that had not filed the required paperwork. The agencies did not have the money or staff to complete the reports. As of the date of the report, the agencies were attempting to compile the information to be submitted. Out of the 44 agencies receiving city dollars, there were 12 that had some type of significant deficiencies. It was suggested that the agencies have a follow-up training with the internal auditor to learn how to complete the required information and submit it to the City. There will be a continuation of the presentation by the Finance Department and Budget Office regarding the state of the budget to date, including Departmental Detail. This item was held one week. There may be general discussion(s) on current Finance and Audit Committee issues. There was a discussion on the ARTS Reports by Rich Noll, Assistant City Manager. There were 16 still outstanding reports (8 returning and 8 new reports). It was decided that the reports would resume after the budget was adopted. Councilwoman Hermann stated that the committee would hear the ARTS Reports in work sessions. Councilman Russ Johnson wanted more information on the Kemper Arena Resolutions. Pursuant to the following subsections of Section 610.021 of the Revised Statutes of Missouri, there may be a closed session to discuss: (1) legal matters, litigation, or privileged communications with attorneys, pursuant to subsection 1; (2) real estate, pursuant to subsection 2; (3) personnel, pursuant to subsection 3 and 13; and/or (4) sealed bids or proposals, pursuant to subsection 12.