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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 250043
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Sponsor: Director of Finance Department
COMMITTEE SUBSTITUTE
Estimating revenue and adjusting appropriations in various funds in connection with the second quarter FY2024-25 budget analysis; closing the Comm. Policing and Prevention Fund, the Streetlight Debt Fund, the N.I.D. GO Bond Fund, the STIF Tower - 909 Walnut Fund, the STIF 12th and Wyandotte, and STIF Midtown funds to the General fund; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, the Office of Management and Budget conducted a second quarter review of expenditures and revenues and has identified estimated budgetary adjustments needed; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That revenue in the amount of $2,071,300.00 is hereby estimated in the Payments in Lieu of Taxes / ED Fund, No. 6830, to the following accounts:
25-6830-120000-451101 Sales Tax - Contra $869,700.00
25-6830-120000-451201 Restaurant Tax - Contra 151,100.00
25-6830-120000-451301 Hotel/Motel Tax - Contra 1,050,500.00
TOTAL $2,071,300.00
Section 2. That the sum of $ 2,212,800 is hereby appropriated from the Unappropriated Fund Balance of the Payments in Lieu of Taxes / ED Fund, No. 6830, to the following accounts:
25-6830-129200-618050 VA West EATs $138,500.00
25-6830-129210-618050 Aparium Contribution 98,800.00
25-6830-129240-618050 Pershing & Grand CID 521,200.00
25-6830-129250-618050 KCI CID Contribution 400.00
25-6830-129260-618050 Marriott Contribution 364,600.00
25-6830-129270-618050 Plaza Hotel Contribution 471,900.00
25-6830-129300-618050 Health Sciences CID Payment 10,700.00
25-6830-129310-618050 Midtown RAMP Contribution 149,200.00
25-6830-129290-618520 Zona Rosa Sales Tax 17,500.00
25-6830-129998-901000 Transfer to General Fund 1,000.00
25-6830-129998-902330 Transfer to Health Fund 900.00
25-6830-129998-902490 Transfer to Housing Trust Fund 298,500.00
25-6830-129998-902590 Transfer to Shared Success Fund 138,200.00
25-6830-129998-905010 Transfer to General Debt & Interest 1,400.00
TOTAL $2,212,800.00
Section 3. That revenue in the amount of $1,000.00 is hereby estimated in the General Fund, No. 1000, to the following accounts:
25-1000-120000-506830 Tfr from PILOTs / ED Fund $1,000.00
Section 4. That revenue in the amount of $900.00 is hereby estimated in the Health Levy Fund, No. 2330, to the following accounts:
25-2330-120000-506830 Tfr from PILOTs / ED Fund $900.00
Section 5. That revenue in the amount of $298,500.00 is hereby estimated in the Housing Trust Fund, No. 2490, to the following accounts:
25-2490-120000-506830 Tfr from PILOTs / ED Fund $298,500.00
Section 6. That revenue in the amount of $138,200.00 is hereby estimated in the Shared Success Fund, No. 2590, to the following accounts:
25-2590-120000-506830 Tfr from PILOTs / ED Fund $138,200.00
Section 7. That revenue in the amount of $1,400.00 is hereby estimated in the General Debt & Interest Fund, No. 5010, to the following accounts:
25-5010-120000-506830 Tfr from PILOTs / ED Fund $1,400.00
Section 8. That the sum of $501,679.16 is hereby appropriated from the Unappropriated Fund Balance of the Capital Improvements Fund, No. 3090, to the following accounts:
25-3090-895914-B-89008267 NE Vivion Road Streetscape Imp $350,000.00
25-3090-898101-B-89004858 5200 N Oak Trafficway Sgl 144,420.64
25-3090-898301-A-89060886 18th Street Pedestrian Mall 4,500.00
25-3090-898601-A-89004783 Brookside planning funding 2,758.52
TOTAL $501,679.16
Section 9. That revenue in the amount of $734,344.00 is hereby estimated in the Fire Sales Tax Fund, No. 2300, to the following accounts:
25-2300-120000-451100 Sales Tax $734,344.00
Section 10. That the sum of $800,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Fire Sales Tax, No. 2300, to the following accounts:
25-2300-231440-B Systems $800,000.00
Section 11. That the Director of Finance shall close on the books of the City the following funds to the General Fund:
1200 Comm. Policing and Prevention
5030 Streetlight Debt Fund
5120 N.I.D. Go Bond Fund
5310 STIF Tower - 909 Walnut
5170 STIF 12th and Wyandotte
5180 STIF Midtown
Section 12. That this Ordinance is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(C) of the City Charter in that it appropriates money and shall take effect in accordance with that section.
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I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasury, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.
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Tammy L. Queen
Director of Finance
Approved as to form:
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Samuel Miller
Assistant City Attorney