File #: 3657    Version: 0 Name: Debt service consts of the 2005 bond issue.
Type: Ordinance Status: Passed
File created: 8/8/2005 In control: Finance and Audit Committee
On agenda: 8/8/2005 Final action: 8/15/2005
Title: AN ORDINANCE appropriating $26,857,984.00 from the unappropriated surplus of the 2005 Public Building Corporation Capital Projects Fund to make proceeds of the 2005 bond issue available for capital improvements, transferring funds within the 2005 General Fund, Park Fund, Special Road and Bridge Fund, Assessment Reimbursement Fund, and County Urban Road System Fund for debt service payments, and appropriating $839,325.00 from the unappropriated surplus of the Public Building Corporation Debt Service Fund to provide for debt service costs of the 2005 bond issue.
Sponsors: Henry C. Rizzo
Indexes: GENERAL FUND, PUBLIC BUILDING CORP., SPECIAL ROAD & BRIDGE FUND, URBAN ROAD SYSTEM
Attachments: 1. 3657adopted.pdf, 2. 3657bu.pdf

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

 

 

Title

AN ORDINANCE appropriating $26,857,984.00  from the unappropriated surplus of the 2005 Public Building Corporation Capital Projects Fund to make proceeds of the 2005 bond issue available for capital improvements, transferring funds within the 2005 General Fund, Park Fund, Special Road and Bridge Fund, Assessment Reimbursement Fund, and County Urban Road System Fund for debt service payments, and appropriating $839,325.00 from the unappropriated surplus of the Public Building Corporation Debt Service Fund to provide for debt service costs of the 2005 bond issue.

 

 

Intro

ORDINANCE # 3657,    August 8, 2005

 

INTRODUCED BY  Henry C. Rizzo,  County Legislator

 

 

Body

WHEREAS, by Ordinance 3612, dated March 14, 2005, the Legislature did authorize the issuance of Jackson County Public Building Corporation Leasehold Revenue Bonds (Capital Improvement Project) Series 2005 in a principal amount not to exceed $28,000,000.00; and,

 

WHEREAS, this bond issue has been successfully concluded and it is now necessary that  the bond issue's proceeds be appropriated and placed in the proper spending accounts and that funds be appropriated for the required debt service costs; and,

 

WHEREAS,                      transfers within the 2005 General Fund, Park Fund, Special Road and Bridge

Fund, Assessment Reimbursement Fund and County Urban Road System Fund are necessary to provide for the debt service payments; now therefore,

BE IT ORDAINED by the County Legislature of Jackson County, Missouri, that the following appropriation from the unappropriated surplus of the 2005 Public Building Corporation Capital Projects Fund and the unappropriated surplus of the 2005 Public Building Corporation Debt Service Fund and transfers within the 2005 General Fund, Park Fund, Special Road and Bridge Fund, Assessment Reimbursement Fund, and County Urban Road System Fund be and hereby are made:

DEPARTMENT/DIVISION                                          CHARACTER/DESCRIPTION                     FROM                     TO 

 

Public Building Corporation

Capital Projects Fund

015-0000                                                                                    8010 - Bond Proceeds                                          $26,857,984

 

015-2810                                                                                    Unappropriated Surplus                     $26,857,984

 

015-2810                                                                                    Unappropriated Surplus                                          $26,857,984

 

Public Works Department

Road Projects & Equipment

015-1511                                                                                    6030 - Architect & Engineering Services                           2,000,000

                                                                                                         8020 - Buildings & Improvements                                                    500,000

                                                                                                         8040 - Roads & Highways                     7,200,000

                                                                                                         8060 - Other Improvements                                                    800,000

                                                                                                         8110 - Heavy Equipment                                                                         400,000

                                                                                                         8130 - Trucks                                                                                              200,000

County Urban Road System

City of Independence

015-1541                                                                                    8070 - City Projects                                                                                          4,000,000

 

Parks Department

Ft. Osage & Improvements

015-1618                                                                                    8020 - Building & Improvements                     3,900,000

                                                                                                         8150 - Office Furniture & Fixtures                                                    100,000

 

Facilities Management

County Facility Projects 2

015-1217                                                                                    8020 - Building & Improvements                      4,000,000

 

Assessment Department                                          

015-1902                                                                                    6080 - Other Professional Services                           1,000,000

 

DEPARTMENT/DIVISION                                          CHARACTER/DESCRIPTION                     FROM                     TO

 

Management Information Systems

015-1305                                                                                    6661 - Software                     205,420

                                                                                                         6662 - Software Maintenance                                                               39,730

                                                                                                         8171 - Personal Computers & Accessories                     99,850

 

Cost of Issuance

015-8016                                                                                    6960 - Note Issuance Expense                     458,609

 

Operating Transfers Out

015-9100                                                                                    6105 - Operating Transfers                                                                     1,954,375

                                                                                                                                                                                                                                       

GENERAL FUND

Facilities Management

Kansas City Courthouse

001-1204                                                                                    8020 - Building Improvements                      384,790                     

 

Independence Courthouse

001-1205                                                                                    8020 - Building Improvements                        52,910                     

                                                                                                                                                                                                                                       

Management Information Systems

001-1305                                                                                    6661 - Software                                                                 37,350                     

                                                                                                         8171 - Personal Computers                       19,150

 

Operating Transfers Out

001-9100                                                                                    6105 - Operating Transfers Out                                                  494,200

                                                                                                                                                                                                                                       

PARK FUND

Maintenance and Operations

003-1602                                                                                    8060 - Other Improvements                         89,236

 

Operating Transfers Out

003-9100                                                                                    6105 - Operating Transfers Out                                                     89,236

 

ASSESSMENT REIMBURSEMENT FUND

Assessment Department

045-1902                                                                                    8171 - Personal Computers                         68,809                     

                                                                                                                                                                                                                                       

Operating Transfers Out

045-9100                                                                                    6105 - Operating Transfers Out                                                               68,809

                                                                                                                                                                                                                                       

 

 

DEPARTMENT/DIVISION                                          CHARACTER/DESCRIPTION                     FROM                     TO

 

COUNTY URBAN ROAD SYSTEM FUND

City of Independence

400-1541                                                                                    8070 - City Projects                                                                   89,293

 

Operating Transfers Out

400-9100                                                                                    6105 - Operating Transfers Out                                                               89,293

 

SPECIAL ROAD AND BRIDGE FUND

Public Works Department

Engineering

004-1502                                                                                    8060 - Other Improvements                        43,095

 

Operating Transfers Out

004-9100                                                                                    6105 - Operating Transfers Out                                                               43,095

 

PUBLIC BUILDING CORPORATION

DEBT SERVICE FUND

Operating Transfers In

069-0000                                                                                    7070 - Operating Transfers In                     2,739,008

069-2810                                                                                    Unappropriated Surplus                                                                     2,739,008

069-2810                                                                                    Unappropriated Surplus                                              839,325                     

 

Debt Service - 2005 Bonds

069-8057                                                                                    6910 - Interest                                                                                             519,325

                                                                                                         6930 - Bond Payments                                                                        320,000

                                                                                                                                                                                                                                       

 

 

Enacted and Approved

Effective Date:  This ordinance shall be effective immediately upon its signature by the County Executive.

 

APPROVED AS TO FORM:

 

___________________________                     _____________________________

Acting Chief Deputy County Counselor                                           County Counselor

 

                     I hereby certify that the attached Ordinance, Ordinance # 3657 introduced on August 8, 2005, was duly passed on ___________August 15________________, 2005 by the Jackson County Legislature.  The votes thereon were as follows:

 

                     Yeas _______8________                                          Nays ______0_______

 

                     Abstaining _____0______                                          Absent ____1________

 

This Ordinance is hereby transmitted to the County Executive for her signature.

 

____________________                                          ________________________________

Date                                                                                                         Mary Jo Spino, Clerk of Legislature

 

I hereby approve the attached Ordinance # 3657.

 

____________________                                          ________________________________

Date                                                                                                         Katheryn J. Shields, County Executive

 

 

Fiscal Note

Funds sufficient for this appropriation are available from the source indicated below.

ACCOUNT NUMBER:                     015-2810

ACCOUNT TITLE:                                          Public Building Corporation Capital Projects Fund

                                                                                    Unappropriated Surplus

NOT TO EXCEED:                                          $26,857,984.00

 

Funds sufficient for this appropriation are available from the source indicated below.

ACCOUNT NUMBER:                     069-2810

ACCOUNT TITLE:                                          Public Building Corporation Debt Service Fund

                                                                                    Unappropriated Surplus

NOT TO EXCEED:                                          $839,325.00

 

 

 

 

 

Funds sufficient for this transfer are available from the source indicated below.

ACCOUNT NUMBER:                     001-1204-8020

ACCOUNT TITLE:                                          General Fund

                                                                                    Facilities Management - Kansas City Courthouse

                                                                                    Building Improvements

NOT TO EXCEED:                                          $384,790.00

 

 

ACCOUNT NUMBER:                     001-1205-8020

ACCOUNT TITLE:                                          General Fund

                                                                                    Facilities Management - Independence Courthouse

                                                                                    Building Improvements

NOT TO EXCEED:                                          $52,910.00

 

 

ACCOUNT NUMBER:                     001-1305-6661

ACCOUNT TITLE:                                          General Fund

                                                                                    Management Information Systems

                                                                                    Software

NOT TO EXCEED:                                          $37,350.00

 

 

ACCOUNT NUMBER:                     001-1305-8171

ACCOUNT TITLE:                                          General Fund

                                                                                    Management Information Systems

                                                                                    Personal Computers

NOT TO EXCEED:                                          $19,150.00

 

 

ACCOUNT NUMBER:                     003-1602-8060

ACCOUNT TITLE:                                          Park Fund

                                                                                    Maintenance and Operations

                                                                                    Other Improvements

NOT TO EXCEED:                                          $89,236.00

 

 

ACCOUNT NUMBER:                     045-1902-8171

ACCOUNT TITLE:                                          Assessment Reimbursement Fund

                                                                                    Assessment Department

                                                                                    Personal Computers

NOT TO EXCEED:                                          $68,809.00

 

 

ACCOUNT NUMBER:                     400-1541-8070

ACCOUNT TITLE:                                          County Urban Road System Fund

                                                                                    City of Independence

                                                                                    City Projects

NOT TO EXCEED:                                          $89,293.00

 

 

 

ACCOUNT NUMBER:                     004-1502-8060

ACCOUNT TITLE:                                          Special Road and Bridge Fund

                                                                                    Engineering

                                                                                    Other Improvements

NOT TO EXCEED:                                          $43,095.00

 

 

 

 

______________________                                          _________________________________

Date                                                                                                                              Director of the Department of Finance