Jackson County Missouri - File #: 19837

• File #: 19837
• Version: 0
• Name: Transferring funds for financial advisory services
• Type: Resolution
• Status: Passed
• File created: 4/19/2018
• In control: Finance and Audit Committee
• On agenda: 4/23/2018
• Final action: 4/30/2018
• Title: A RESOLUTION transferring $25,000.00 within the 2018 Park Fund to cover the cost of financial advisory services for use by the Finance and Purchasing Department to George K. Baum Company.
• Sponsors: Dennis Waits
• Indexes: FINANCE & PURCHASING DEPARTMENT, PARK FUND, TRANSFERRING
• Related files: 5062, 19226

Date	Ver.	Action By	Action	Result
4/30/2018	0	County Legislature	adopt	Pass
4/30/2018	0	County Legislature	Consent Agenda
4/30/2018	0	Finance and Audit Committee	recommend do pass	Pass
4/24/2018	0	County Legislature	Go To 1st Meeting	Pass
4/23/2018	0	County Legislature	assign to committee

Corrected
5/2/2018
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI


Title
A RESOLUTION transferring $25,000.00 within the 2018 Park Fund to cover the cost of financial advisory services for use by the Finance and Purchasing Department to George K. Baum Company.


Intro
RESOLUTION NO. 19837, April 23, 2018

INTRODUCED BY Dennis Waits, County Legislator


Body
WHEREAS, by Resolution 19226, dated August 1, 2016, the Legislature did award a twelve-month contract with two twelve-month options to extend to Ameritas of Kansas City, MO, for financial advisory services relating to the Truman Sports Complex, at an annual cost to the County not to exceed $25,000.00; and,

WHEREAS, this Agreement was renewed for 2017, and the administration recommends renewal for the 2018 term, but with George K. Baum Company, to which Ameritas has assigned its interest under the Agreement; and,

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 Park Fund are needed to cover the cost of financial advisory services; 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 Park Fund are needed to cover the cost of financial advisory services; and,...