ORDINANCE NO. 260916
title
Sponsor: Director of Finance Department
Estimating revenue and adjusting appropriations in various funds in connection with the First Quarter FY 2026-27 budget analysis; authorizing the Director of Finance to conduct interfund borrowing to meet the operating and capital cash requirements of the 2026 SRF Sewer Revenue Bond Funds; and recognizing this ordinance as having an accelerated effective date.
body
WHEREAS, the Office of Management and Budget conducted a first quarter review of expenditures and revenues and has identified estimated budgetary adjustments needed; and
WHEREAS, the Office of Management and Budget has identified the following budgetary adjustments that represent the best professional judgment of the Finance Director in a bill brought pursuant to Charter Section 501, resulting from Code Section 2-1956, and consistent with the Manager’s duty under Charter section 220(a)(3); NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the sum of $1,767,167.00 is hereby appropriated from the Unappropriated Fund Balance of the General Fund, Fund No. 1000, to the following accounts:
27-1000-129998-902300 Transfer to Fire Sales Tax $1,729,667.00
27-1000-571436-B Environmental Education 37,500.00
TOTAL $1,767,167.00
Section 2. That the revenue estimate in the following account of the General Fund, Fund No. 1000, is hereby reduced by the following amount:
27-1000-120000-451150 Local Use Tax-Current Yr $10,407,518.00
Section 3. That the revenue estimate in the following accounts of the General Fund, Fund No. 1000, is hereby increased by the following amount:
27-1000-120000-480560 Contr-TIF District $1,870,800.00
27-1000-232520-485320 Misc Non-Revenue Receipts 14,009,969.00
TOTAL $15,880,769.00
Section 4. That the revenue estimate in the following accounts of the Fire Sales Tax Fund, Fund No. 2300, is hereby increas...
Click here for full text