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