File #: 4775    Version: 0 Name: Bond Fund Debt Services
Type: Ordinance Status: Passed
File created: 9/10/2015 In control: Finance and Audit Committee
On agenda: 9/14/2015 Final action: 9/28/2015
Title: AN ORDINANCE appropriating $1,498,427.00 from the undesignated fund balance of the 2015 Sports Complex/Parks Leaseholder Fund and $1,200.00 from the undesignated fund balance of the 2015 Special Obligation Bond Debt Service Fund and transferring $1,498,427.00 within the 2015 Convention/Sports Complex Fund and $19,415.00 within the 2015 Army Corps of Engineers Longview and Blue Springs Lakes Fund for adjustments to the County's debt service accounts.
Sponsors: Scott Burnett
Indexes: SPORTS COMPLEX/PARKS
Attachments: 1. 4775bu, 2. 4775adopt.pdf

                     IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

 

Title

AN ORDINANCE appropriating $1,498,427.00 from the undesignated fund balance of the 2015 Sports Complex/Parks Leaseholder Fund and $1,200.00 from the undesignated fund balance of the 2015 Special Obligation Bond Debt Service Fund and transferring $1,498,427.00 within the 2015 Convention/Sports Complex Fund and $19,415.00 within the 2015 Army Corps of Engineers Longview and Blue Springs Lakes Fund for adjustments to the County’s debt service accounts.

 

 

Intro

ORDINANCE NO. 4775, September 14, 2015

 

INTRODUCED BY Scott Burnett, County Legislator

 

 

Body

 WHEREAS, upon routine examination of the County’s debt service accounts, it has been determined that adjustments are needed to certain line items; and,

 

WHEREAS, the required adjustments are technical in nature, and will not affect the County’s financial obligations on the underlying transactions; and,

 

WHEREAS, an appropriation and transfer are necessary to place the debt service funds in the appropriate spending accounts; and,

 

WHEREAS, the County Executive recommends this appropriation and transfer; and,

 

WHEREAS, this action is in the best interests of the health, safety, and welfare of the citizens of Jackson County, now therefore,

 

BE IT ORDAINED by the County Legislature of Jackson County, Missouri, that the following appropriation from the undesignated fund balance of the 2015 Sports Complex/Parks Leaseholder and the 2015 Special Obligation Bond Debt Service Funds and transfer within the 2015 Convention/Sports Complex and the 2015 Army Corps of Engineers Longview and Blue Springs Lakes Funds be and hereby are made:

 

DEPARTMENT/DIVISION                                          CHARACTER/DESCRIPTION                      FROM                        TO  

2015 Convention/Sports Complex Fund

Jackson County Sports Authority

 

007-5010                                                                                    56790 - Other Contractual Srvs                     $1,498,427

007-9100                                                                                    56105 - Operating Transfers Out                                             $1,498,427

 

Sports Complex/Parks Leaseholder

2011A/2002 Bond Debt Service

 

067-9999                                                                                    47070 - Operating Transfer In                     $1,498,427

 

067-2810                                                                                    Undesignated Fund Balance                                             $1,498,427

067-2810                                                                                    Undesignated Fund Balance                     $1,498,427

 

067-8062                                                                                    56910 - Interest                                                                                       $1,497,927

067-8062                                                                                    56920 - Fiscal Agent Fees                                                                  $          500

 

Army Corps - Longview/BS Lakes

Debt Service

 

070-8050                                                                                    56910 - Interest                                                               $19,415

070-8050                                                                                    56930 - Bond Payment                                                                  $    19,415

 

Special Obligation Bond Debt Service

 

073-2810                                                                                    Undesignated Fund Balance                     $1,200

073-8065                                                                                    56920 - Fiscal Agent Fees                                                                  $      1,200

 

 

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 No. 4775 introduced on September 14, 2015, was duly passed on September 28, 2015 by the Jackson County Legislature.  The votes thereon were as follows:

 

 

                     Yeas ______9_________                                                               Nays ______0_______

 

 

                     Abstaining _____0______                                                               Absent _____0_______

 

 

 

 

 

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

 

 

____________________                                                                                    ________________________________

Date                                                                                                                                                   Mary Jo Spino, Clerk of Legislature

 

I hereby approve the attached Ordinance 4775.

 

 

____________________                                                                                    ________________________________

Date                                                                                                                                                   Michael D. Sanders, County Executive

 

Fiscal Note

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

 

ACCOUNT NUMBER:                     067                     2810

ACCOUNT TITLE:                                          Sports Complex/Parks Leaseholder Fund

                                                                                    Undesignated Fund Balance

NOT TO EXCEED:                                          $1,498,427.00

 

ACCOUNT NUMBER:                     073                     2810

ACCOUNT TITLE:                                          Special Obligation Bond Debt Service Fund

                                                                                    Undesignated Fund Balance

NOT TO EXCEED:                                          $1,200.00

 

 

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

 

ACCOUNT NUMBER:                     007                     5010                     56790

ACCOUNT TITLE:                                          Convention/ Sports Complex Fund

                                                                                    Jackson County Sports Authority

                                                                                    Other Contractual Services

NOT TO EXCEED:                                          $1,498,427.00

 

ACCOUNT NUMBER:                     070                     8050                     56910

ACCOUNT TITLE:                                          Army corps - Longview/Blue Springs Lake Fund

                                                                                    Debt Service

                                                                                    Interest

NOT TO EXCEED:                                          $19,415.00

 

 

______________________                                                               ______________________________

Date                                                                                                                                                   Director of Finance and Purchasing