IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE transferring $841,578.00 within and appropriating $913,558.00 from the undesignated fund balance of the 2018 Public Building Corporation Capital Project Fund and appropriating $820,000.00 from the undesignated fund balance of the 2018 Special Obligation Bond Debt Service Fund, to reconcile certain County debt service accounts.
Intro
ORDINANCE NO. 5170, November 5, 2018
INTRODUCED BY Dennis Waits, County Legislator
Body
WHEREAS, the County has set aside funds for early redemption of Series 2015 bonds per a tax compliance agreement executed at the time of issuance; and,
WHEREAS, the funds are currently recorded in a capital project fund, but should instead be recorded in a debt service fund, in accordance with generally accepted government accounting principles; and,
WHEREAS, the Director of Finance and Purchasing recommends the transfer of the remaining balance in the Public Building Corporation Capital Project Fund; and,
WHEREAS, transfers and appropriations are necessary to place the funds involved in the appropriate accounts; now therefore,
BE IT ORDAINED by the County Legislature of Jackson County, Missouri, that the following transfer and appropriations be and hereby are made:
DEPARTMENT/DIVISION CHARACTER/DESCRIPTION FROM TO
Public Building Corporation
Capital Project Fund
Public Works County Road
Projects
015-1512 58040- Roads and Highways $400,509
City of Kansas City
CURS Funded Road
Projects
015-1540 58070-City Projects $135,808
Other Road Capital Projects
015-1510 58020-Buildings & Improvements $ 500
015-1510 58040-Roads & Highways $290,405
Non-Departmental
015-2810 Undesignated Fund Balance $ 7,222
Operating Transfers
015-9100 56105-Operating Transfers (Out) $820,000
Public Building Corp Fund
015-9999 46320-Interest $ 14,356
015-2810 Undesignated Fund Balance $ 14,356
Special Obl...
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