IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE transferring $68,987.00 within and appropriating $121,748.00 from the undesignated fund balance of the 2019 Special Obligation Bond Capital Project Fund and appropriating $121,748.00 from the undesignated fund balance of the 2019 Special Obligation Bond Debt Service Fund, to reconcile certain County debt service accounts.
Intro
ORDINANCE NO. 5300, December 2, 2019
INTRODUCED BY Crystal Williams, County Legislator
Body
WHEREAS, the County has set aside funds for debt service on the Series 2016 bonds per the trust indenture executed at the time of bond issuance; and,
WHEREAS, these 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 Special Obligation Bond Capital Project Fund; and,
WHEREAS, a transfer and two 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
Special Obligation Bond
Capital Project Fund
Rock Island Rail Corridor Authority
014-3601 56040- Appraisal Services $ 2,000
014-3601 58020- Buildings and Impr. $ 65,479
Non-Departmental
014-9999 46320- Interest $ 1,508
014-9999 32810-
Undesignated Fund Balance $68,987
Special Obligation Bond
Capital Project Fund
Non-Departmental
014-9999 32810-
Undesignated Fund Balance $121,748
Operating Transfers
014-9100 56105-
Operating Transfers (Out) $121,748
Special Obligation Bond
Debt Service Fund
Non-Departmental
073-9999 32810-
Undesignated Fund Balance $121,748
073-9999 47070- Inter Fund Transfers (In) $121,748
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 ordinance, Ordinance No. 5300 of December 2, 2019, was duly passed on December 16, 2019 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 the Legislature
I hereby approve the attached Ordinance No. 5300.
_______________________ _______________________________
Date Frank White, Jr., County Executive
Fiscal Note
Funds sufficient for this transfer and these appropriations are available from the sources indicated below.
ACCOUNT NUMBER: 014 3601 56040
ACCOUNT TITLE: Special Obligation Bond Capital Project Fund
Rock Island Rail Corridor Authority
Appraisal Services
NOT TO EXCEED: $2,000.00
ACCOUNT NUMBER: 014 3601 58020
ACCOUNT TITLE: Special Obligation Bond Capital Project Fund
Rock Island Rail Corridor Authority
Buildings and Improvements
NOT TO EXCEED: $65,479.00
ACCOUNT NUMBER: 014 3601 46320
ACCOUNT TITLE: Special Obligation Bond Capital Project Fund
Non-Departmental
Interest
NOT TO EXCEED: $1,508.00
ACCOUNT NUMBER: 014 9999 32810
ACCOUNT TITLE: Special Obligation Bond Capital Project Fund
Non-Departmental
Undesignated Fund Balance
NOT TO EXCEED: $121,748.00
ACCOUNT NUMBER: 073 9999 32810
ACCOUNT TITLE: Special Obligation Bond Debt Service Fund
Non-Departmental
Undesignated Fund Balance
NOT TO EXCEED: $121,748.00
___________________________ ________________________________
Date Chief Administrative Officer