IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE transferring $234,850.00 within the 2020 General Fund and appropriating $120,000.00 from the undesignated fund balance of the 2020 County Improvement Fund, to properly account for the receipt of insurance proceeds relating to the 2019 flood damage at the downtown Jackson County Courthouse.
Intro
ORDINANCE NO. 5332, May 4, 2020
INTRODUCED BY Theresa Cass Galvin, County Legislator
Body
WHEREAS, the County has received payments totaling $12,800,000.00 from the Travelers Indemnity Company, representing the cost of repairs, less deductible, due to water damage incurred at the downtown Jackson County Courthouse on January 31 and February 3, 2019; and,
WHEREAS, of this sum, $3,716,162.00 was appropriated and/or transferred in 2019 to be used to fund courthouse repairs via nine separate appropriation ordinances and one transfer resolution; and,
WHEREAS, it is now appropriate to account for the remainder of the settlement proceeds, via a transfer, appropriation, and recognition of revenue, as is more fully described in the attached Request for Legislative Action and supporting materials; now therefore,
BE IT ORDAINED by the County Legislature of Jackson County, Missouri, that the following transfer and appropriation be and hereby are made:
DEPARTMENT/DIVISION CHARACTER/DESCRIPTION FROM TO
General Fund
001-9999 32810-
Undesignated Fund Balance $234,850
Operating Transfers
001-9100 56105-
Operating Transfers Out $234,850
County Improvement Fund
DTCH Flood- Insurance
013-1240 47070- Inter Fund Transfers $234,850
013-9999 32810-
Undesignated Fund Balance $234,850
013-9999 32810-
Undesignated Fund Balance $120,000
DTCH Flood- Insurance
013-1240 56620- Rent- Buildings $120,000
and,
BE IT FURTHER ORDAINED that the receipt of $8,919,665.00 in insurance proceeds into the undesignated fund balance of the 2020 County Improvement Fund be and hereby is recogni...
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