The City of Lee's Summit - File #: BILL NO. 22-91

• File #: BILL NO. 22-91
• Type: Ordinance - Committee
• Status: Passed
• File created: 11/18/2021
• In control: City Council - Regular Session
• On agenda: 5/10/2022
• Final action: 5/10/2022
• Title: An Ordinance approving Amendment No. 10 to the Budget for the Fiscal Year ending June 30, 2022, as adopted by Ordinance No. 9184 and Ordinance No. 9187, by amending the authorized expenditures for the City of Lee’s Summit, Missouri. (F&BC 5/2/22)
• Related files: BILL NO. 22-65, BILL NO. 22-45, BILL NO. 22-44, BILL NO. 22-43, BILL NO. 22-18, BILL NO. 21-234, BILL NO. 21-206, BILL NO. 21-174, BILL NO. 21-170, AMENDED BILL NO. 21-130, BILL NO. 21-129

Date	Action By	Action	Result
5/10/2022	City Council - Regular Session	for second reading	Pass
5/10/2022	City Council - Regular Session	adopted and numbered	Pass
5/2/2022	Finance and Budget Committee	recommended for approval	Pass

Title
An Ordinance approving Amendment No. 10 to the Budget for the Fiscal Year ending June 30, 2022, as adopted by Ordinance No. 9184 and Ordinance No. 9187, by amending the authorized expenditures for the City of Lee’s Summit, Missouri. (F&BC 5/2/22)

Body
Issue/Request:
An Ordinance approving Amendment No. 10 to the Budget for the Fiscal Year ending June 30, 2022, as adopted by Ordinance No. 9184 and Ordinance No. 9187, by amending the authorized expenditures for the City of Lee’s Summit, Missouri.

Key Issues:
-The annual budget process includes approval of capital project budgets for that current budget year.
-Many capital projects take place over several years as shown in the capital improvement 5-year planning documents.
-Unspent money from the previous budget years is rolled forward into the current budget year to authorize spending those funds in the current fiscal year.
-This budget amendment is typically referred to as the capital rollover amendment and occurs annually.

Proposed Committee Motion:
I move to recommend to City Council for approval an Ordinance approving Amendment No. 10 to the Budget for the Fiscal Year ending June 30, 2022, as adopted by Ordinance No. 9184 and Ordinance No. 9187, by amending the authorized expenditures for the City of Lee’s Summit, Missouri.

Background:
Capital projects are approved in two phases. The first is the planning phase that maps out a 5-year plan to complete capital projects and show estimated funding for those projects. The second phase is a budgeting process that authorizes project funding for the current fiscal year when the City’s annual operating budget is adopted. Technically, the only money approved for a project is what has been approved in the current budget year plus preceding budget years.

Many capital projects are completed and funded over several years. This is done to manage the cash flow balance of capital project funds in accordance with City practices and Council guidance to avoid debt ...