Corrected
March 13, 2018
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION transferring $2,000.00 within the 2018 General Fund to cover the cost of an arbitrage rebate calculation in connection with a 2013 County bond issuance.
Intro
RESOLUTION NO. 19756, March 5, 2018
INTRODUCED BY Dennis Waits, County Legislator
Body
WHEREAS, by Ordinance 5062, dated December 6, 2017, the Legislature did establish certain Reserve Accounts for certain budget lines within the 2018 County budget; and,
WHEREAS, certain funds appropriated in such a Reserve Account within the 2018 General Fund are needed to cover the cost of a required arbitrage rebate calculation in connection with a 2013 County bond issuance; and,
WHEREAS, there are numerous disputes between the County Executive and the Legislature regarding the validity of Ordinance 5062, relating to its construction and interpretation, and multiple related issues; and,
WHEREAS, the Chief Administrative Officer has recommended the adoption of this Resolution, without waiving any previous position taken in reliance upon the memorandum of the County Counselor dated December 22, 2017, regarding Ordinance 5062, and without waiving any position taken in reliance upon other legal memorandums provided by the Office of the County Counselor; and,
WHEREAS, the Legislature recognizes that funds identified as Reserve Funds in the adopted 2018 budget within the General Fund are required to be designated for use for the required arbitrage rebate calculation; and,
WHEREAS, the Chief Administrative Officer has requested that the funds identified in this Resolution be made available for such use by the within the Finance and Purchasing Department within the 2018 budget; and,
WHEREAS the Legislature agrees that funds described in this Resolution should be made available for such use by posting to certain budget line items in the General Fund non-departmental budget or otherwise for calendar year 2018 by the County Treasurer; now therefore,
BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that the following transfer or equivalent documentation/identification, to accomplish posting of the funds in the budget management system so that the funds are available for immediate use and expenditure within the 2018 budget, be and hereby is authorized:
DEPARTMENT/DIVISION CHARACTER/DESCRIPTION FROM TO
General Fund
Reserve
001-8006 56835 - Reserve Operating $2,000
Non-Departmental
001-5101 56080-Other Professional Srvs $2,000
Enacted and Approved
Effective Date: This Resolution shall be effective immediately upon its passage by a majority of the Legislature.
APPROVED AS TO FORM:
______________________________ ________________________________
Chief Deputy County Counselor County Counselor
Certificate of Passage
I hereby certify that the attached resolution, Resolution No. 19756 of March 5, 2018, was duly passed on _________________________________, 2018 by the Jackson County Legislature. The votes thereon were as follows:
Yeas ___________________ Nays ___________________
Abstaining _______________ Absent __________________
______________________ _________________________________
Date Mary Jo Spino, Clerk of Legislature
Fiscal Note
Funds sufficient for the above-described transfer or equivalent documentation and/or identification to accomplish posting of the funds in the County’s budget management system so that the funds are available for immediate use and expenditure are available in the sources indicated below.
ACCOUNT NUMBER: 001 8006 56835
ACCOUNT TITLE: General Fund
Reserve
NOT TO EXCEED: $2,000.00
________________________ _________________________________
Date Chief Administrative Officer