IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE appropriating $20,236,825.00 from the unappropriated surplus of the 2006 Public Building Corporation Capital Project Fund and transferring $4,295,135.00 within the 2006 Public Building Corporation Debt Service Fund to make available the proceeds of the Leasehold Refunding and Improvement Revenue Bonds Series 2006A,
for the purpose of refunding certain outstanding obligations of prior bond issues and allowing the purchase of new equipment by Truman Medical Center.
Intro
ORDINANCE # 3845, November 6, 2006
INTRODUCED BY Scott Burnett, County Legislator
Body
WHEREAS, by Ordinance 3762, dated April 24, 2006, the Legislature did authorize the issuance of Jackson County Public Building Corporation Leasehold Revenue Bonds (Capital Improvement Project) Series 2006A in a principal amount not to exceed $21,000,000.00; and,
WHEREAS, the purpose of this bond issue is to refund certain outstanding obligations of the Public Building Corporation Leasehold Revenue Bonds Series 1996, 1997, and 2000A, and allow the purchase of new equipment by Truman Medical Center; 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 to allow for the purchase of equipment; and,
WHEREAS, transfers within the 2006 Public Building Corporation Debt Service 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 2006 Public Building Corporation Capital Project Fund and transfers within the 2006 Public Building Corporation Debt Service Fund be and hereby are made:
DEPARTMENT/DIVISION CHARACTER/DESCRIPTION FROM TO
Public Building Corporation
Capital Projects Fund
015-0000 8010 - Bond Proceeds $20,236,825
015-2810 Unappropriated Surplus $20,236,825
015-2810 Unappropriated Surplus $20,236,825
Escrow of Refunded Capital
Bond Proceeds
015-8059 6335 - Escrow $17,252,726
Truman Medical Center
015-2600 8060 - Other Improvements $ 2,600,000
Cost of Issuance
015-8016 6960 - Note Issuance Expense $ 247,184
Bond Issuance
015-8016 6330 - Insurance and Surety $ 136,915
Public Building Corporation
Debt Service Fund
069-1081 Cash-Bond Fund 2000 $189,306
069-1205 Rest Long Term Investment $656,388
069-9100 Operating Transfer Out $ 845,694
Debt Service 1996 Bonds
069-8051 6910 - Interest $ 360,553
069-8051 6920 - Fiscal Agent Fees $ 3,447
069-8051 6930 - Bond Principal $ 465,000
Debt Service 1997 Bonds
069-8052 6910 - Interest $ 294,570
069-8052 6920 - Fiscal Agent Fees $ 3,160
069-8052 6930 - Bond Principal $ 335,000
Debt Service 2000A Bonds
069-8053 6910 - Interest $ 285,420
069-8053 6920 - Fiscal Agent Fees $ 2,330
069-8053 6930 - Bond Principal $ 215,000
Debt Service 2006A Bonds
069-8058 6910 - Interest $418,596
069-8058 6920 - Fiscal Agent Fees $ 8,937
069-8058 6930 - Bond Principal $745,000
Public Building Corporation
Debt Service Fund
Operating Transfer
069-9100 6105 - Operating Transfer Out $791,947
Special Road and Bridge Fund
004-7070 Operating Transfer In $380,291
004-2810 Unappropriated Surplus $380,291
General Fund
001-7070 Operating Transfer In $205,086
001-2810 Unappropriated Surplus $205,086
Health Fund
002-7070 Operating Transfer In $206,570
002-2810 Unappropriated Surplus $104,264
Truman Medical Center
002-2600 6720 - Settlements/Judgments $102,306
002-2600 6790 - Other Contractual Serv. $346,507
Operating Transfer
002-9100 6105 - Operating Transfer $346,507
002-9100 6105 - Operating Transfer $346,507
Debt Service 2006A Bonds
069-8058 6910 - Interest $ 56,507
069-8058 6930 - Bond Principal $290,000
Enacted and Approved
Effective Date: This ordinance shall be effective immediately upon its signature by the County Executive.
APPROVED AS TO FORM:
___________________________ _____________________________
Chief Deputy County Counselor County Counselor
I hereby certify that the attached Ordinance, Ordinance # 3845 introduced on November 6, 2006, was duly passed on November 13, 2006 by the Jackson County Legislature. The votes thereon were as follows:
Yeas _______8________ Nays ______0_______
Abstaining ___1________ Absent _____0_______
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 # 3845.
____________________ ________________________________
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: $20,236,825.00
Funds sufficient for this transfer are available from the source indicated below.
ACCOUNT NUMBER: 069-1081
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Cash-Bond Fund 2000
NOT TO EXCEED: $189,306.00
ACCOUNT NUMBER: 069-1205
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Rest Long Term Investment
NOT TO EXCEED: $656,388.00
ACCOUNT NUMBER: 069-8051-6910
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Debt Service 1996 Bonds
Interest
NOT TO EXCEED: $360,553.00
ACCOUNT NUMBER: 069-8051-6920
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Debt Service 1996 Bonds
Fiscal Agent Fees
NOT TO EXCEED: $3,447.00
ACCOUNT NUMBER: 069-8051-6930
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Debt Service 1996 Bonds
Bond Principal
NOT TO EXCEED: $465,000.00
ACCOUNT NUMBER: 069-8052-6910
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Debt Service 1997 Bonds
Interest
NOT TO EXCEED: $294,570.00
ACCOUNT NUMBER: 069-8052-6920
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Debt Service 1997 Bonds
Fiscal Agent Fees
NOT TO EXCEED: $3,160.00
ACCOUNT NUMBER: 069-8052-6930
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Debt Service 1997 Bonds
Fiscal Agent Fees
NOT TO EXCEED: $335,000.00
ACCOUNT NUMBER: 069-8053-6910
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Debt Service 2000A Bonds
Interest
NOT TO EXCEED: $285,420.00
ACCOUNT NUMBER: 069-8053-6920
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Debt Service 2000A Bonds
Fiscal Agent Fees
NOT TO EXCEED: $2,330.00
ACCOUNT NUMBER: 069-8053-6930
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Debt Service 2000A Bonds
Bond Principal
NOT TO EXCEED: $215,000.00
ACCOUNT NUMBER: 069-9100-6105
ACCOUNT TITLE: Public Building Corporation Debt Service Fund
Operating Transfer
Operating Transfer Out
NOT TO EXCEED: $791,947.00
ACCOUNT NUMBER: 002-2600-6790
ACCOUNT TITLE: Health Fund
Truman Medical Center
Other Contractual Services
NOT TO EXCEED: $346,507.00
ACCOUNT NUMBER: 002-9100-6105
ACCOUNT TITLE: Health Fund
Operating Transfer
Operating Transfer
NOT TO EXCEED: $346,507.00
______________________ _________________________________
Date Director of the Department of Finance