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File #: O-033-21    Version: Name:
Type: Ordinance Status: Passed
File created: 1/25/2021 In control: Metro Council
On agenda: 2/11/2021 Final action: 2/11/2021
Title: AN ORDINANCE AMENDING ORDINANCE NO. 072, SERIES 2020 RELATING TO THE FISCAL YEAR 2020-21 CAPITAL BUDGET, FOR THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT BY APPROPRIATING $526,700 OF GENERAL FUND COMMITTED FUND BALANCE FROM FISCAL YEAR 2019-20 TO PARKS AND RECREATION FOR A NEW CAPITAL PROJECT TITLED GOLF DEFERRED MAINTENANCE; AMENDING ORDINANCE NO. 073, SERIES 2020 RELATED TO THE FISCAL YEAR 2020-21 OPERATING BUDGET BY APPROPRIATING $2,246,300 OF GENERAL FUND COMMITTED FUND BALANCE TO ESTABLISH A PENSION MITIGATION FUND TO ADDRESS FUTURE PENSION OBLIGATIONS AND ORDINANCE NO. 072, SERIES 2020 RELATING TO THE FISCAL YEAR 2020-21 CAPITAL BUDGET (AMENDMENT BY SUBSTITUTION).
Sponsors: Cindi Fowler (D-14), Donna L. Purvis (D-5)
Attachments: 1. O-033-21 V.2 CABS 020421 - FY21 Gen. Fund Committed Fund Balance to Parks Establishing a Pension Fund, etc.pdf, 2. O-033-21 V.1 012821 - FY21 Gen. Fund Committed Fund Balance to Parks Establishing a Pension Fund, etc.pdf, 3. ORD 021 2021.pdf

Ordinance No. __________, Series 2021

TITLE

AN ORDINANCE AMENDING ORDINANCE NO. 072, SERIES 2020 RELATING TO THE FISCAL YEAR 2020-21 CAPITAL BUDGET, FOR THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT BY APPROPRIATING $526,700 OF GENERAL FUND COMMITTED FUND BALANCE FROM FISCAL YEAR 2019-20 TO PARKS AND RECREATION FOR A NEW CAPITAL PROJECT TITLED GOLF DEFERRED MAINTENANCE; AMENDING ORDINANCE NO. 073, SERIES 2020 RELATED TO THE FISCAL YEAR 2020-21 OPERATING BUDGET BY APPROPRIATING $2,246,300 OF GENERAL FUND COMMITTED FUND BALANCE TO ESTABLISH A PENSION MITIGATION FUND TO ADDRESS FUTURE PENSION OBLIGATIONS AND ORDINANCE NO. 072, SERIES 2020 RELATING TO THE FISCAL YEAR 2020-21 CAPITAL BUDGET (AMENDMENT BY SUBSTITUTION).

BODY

SPONSORED BY:   COUNCIL MEMBERS FOWLER AND PURVIS

 

BE IT ORDAINED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE COUNCIL) AS FOLLOWS:

 

SECTION I:                     Part I. Revenues and Funding Sources, of Ordinance 072, Series 2020 is hereby amended as follows:   

A. REVENUES AND FUNDING SOURCES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

 

 

CAPITAL FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Cumulative Reserve Fund Interest

 

 

100,100

 

 

 

 

 

 

 

 

 

CAPITAL FUND TOTAL

 

 

 

100,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

 

AGENCY AND OTHER RECEIPTS

 

 

120,800,400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

 

 

MUNICIPAL AID

 

 

 

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

 

 

COUNTY ROAD AID

 

 

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

 

 

COMMUNITY DEVELOPMENT

 

 

 

6,333,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

 

 

NON-RECURRING GENERAL FUND

 

 

 

0

 

2,773,000

 

 

 

 

 

 

 

 

Total Available for Appropriation

127,233,500

 

130,006,500

 

SECTION II:  Part I., Chief of Community Building, L. Parks and Recreation, of Ordinance No. 072, Series 2020, is hereby amended as follows:

Number                     Project Title                                                                                                         Fund                                          Amount

                                          Golf Deferred Maintenance                                          CCRF                                          526,700

SECTION III:  The sum of $2,246,300 is hereby committed to establish a pension mitigation fund to address future pension obligations with the intentions of accessing one-third per year for the fiscal year 2022 through the fiscal year 2024 budgets. 

SECTION IV:   Part III, General Provisions of Ordinance No. 072, Series 2020, is hereby amended as follows: 

N.   Any funds remaining unappropriated as of June 30, 2021 from the $26 million committed through Section V of Ordinance No. 156, series 2020 including any funding subsequently appropriated to Public Health & Wellness and reimbursed by the federal government, will be used first to increase the pension mitigation fund to a total of $2.7 million.

 

SECTION V:  The Council has determined the funds requested in this ordinance will be expended for a public purpose.

SECTION VI:  The Ordinance shall take effect upon its passage and approval.

 

 

_______________________________ Sonya Harward Metro Council Clerk

_____________________________ David James President of the Council

 

 

 _______________________________ Greg Fischer Mayor

 _____________________________ Approved Date

 

 

 

 

APPROVED AS TO FORM AND LEGALITY:

 

Michael J. O’Connell

Jefferson County Attorney

 

 

 

BY:  ____________________________

 

 

O-033-21 V.2 CABS 020421 - FY21 Gen. Fund Committed Fund Balance to Parks Establishing a Pension Fund, etc