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File #: BILL NO. 21-29    Name:
Type: Ordinance - Committee Status: Agenda Ready
File created: 1/20/2021 In control: City Council - Regular Session
On agenda: 2/23/2021 Final action: 2/16/2021
Title: An Ordinance approving Amendment No. 8 to the budget for the Fiscal Year ending June 30, 2021, as adopted by Ordinance No. 8905 and Ordinance No. 8906, by amending the authorized expenditures for the City of Lee's Summit, Missouri. (F&BC 2-8-21)
Sponsors: Public Works Admin & Engineering
Attachments: 1. Ordinance, 2. Exhibit A, 3. Exhibit B
Related files: BILL NO. 20-103, RES. NO. 20-13
Title
An Ordinance approving Amendment No. 8 to the budget for the Fiscal Year ending June 30, 2021, as adopted by Ordinance No. 8905 and Ordinance No. 8906, by amending the authorized expenditures for the City of Lee's Summit, Missouri. (F&BC 2-8-21)

Body
Issue/Request:
An Ordinance approving Amendment No. 8 to the budget for the Fiscal Year ending June 30, 2021, as adopted by Ordinance No. 8905 and Ordinance No. 8906, 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 year must be rolled forward into the current budget year to authorize spending those funds in the current fiscal year
? Unspent Orchard Street Bond fund revenues will be transferred to the 3rd Street Project currently under construction

Proposed Council Motion:
FIRST MOTION: I move for second reading of an Ordinance approving Amendment No. 8 to the budget for the Fiscal Year ending June 30, 2021, as adopted by Ordinance No. 8905 and Ordinance No. 8906, by amending the authorized expenditures for the City of Lee's Summit, Missouri.

SECOND MOTION: I move for adoption of an Ordinance approving Amendment No. 8 to the budget for the Fiscal Year ending June 30, 2021, as adopted by Ordinance No. 8905 and Ordinance No. 8906, 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 opera...

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