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File #: 19893    Version: 0 Name: Transfer legal services bond disclosure
Type: Resolution Status: Passed
File created: 6/7/2018 In control: Finance and Audit Committee
On agenda: 6/11/2018 Final action: 6/18/2018
Title: A RESOLUTION transferring $1,200.00 within the 2018 General Fund to cover the cost of legal services in connection with a required annual disclosure obligation.
Sponsors: Dennis Waits
Indexes: LEGAL EXPENSES, TRANSFER
Attachments: 1. 19893bu.pdf, 2. 19893adopt.pdf
Related files: 5062

                                                                                                                         

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

 

 

Title

A RESOLUTION transferring $1,200.00 within the 2018 General Fund to cover the cost of legal services in connection with a required annual disclosure obligation.

 

Intro

RESOLUTION NO. 19893, June 11, 2018

 

INTRODUCED BY Dennis Waits, County Legislator

 

 

Body

 WHEREAS, on July 25, 2017, the County Counselor engaged the law firm of Gilmore & Bell of Kansas City, MO, to assist the County in complying with its obligations under federal securities laws to provide continuing financial disclosures regarding the County’s past bond issues and other public finance transactions, for a period of five years, at an annual cost of $1,200.00; 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 Reserve Account within the 2018 General Fund are needed to cover the costs of financial disclosure legal 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 General Fund are required to be designated for use by the Department of Finance and Purchasing for Gilmore & Bell’s legal services; and,

 

WHEREAS, the Chief Administrative Officer has requested that the funds identified in this Resolution be made available for such use by Department of Finance and Purchasing 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 item in non-departmental budget or otherwise for calendar year 2018 by the Finance and Purchasing Department; 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 County’s 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                     $1,200

Non-Departmental

001-1501                                                                                           56020 - Legal Services                                                                       $1,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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. 19893 of June 11, 2018, was duly passed on June 18, 2018 by the Jackson County Legislature.  The votes thereon were as follows:

 

 

                                          Yeas ________6_________                      Nays ______0________

 

 

                                          Abstaining _____0________                     Absent _____3_______

 

 

 

 

______________________                                                                 ________________________________

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

Reserve Operating

NOT TO EXCEED:                                          $1,200.00

 

 

 

________________________                                                               ________________________________

Date                                                                                                                                                   Chief Administrative Officer