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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



|1010||1010|
















4.


COUNTY ROAD AID


|1010||1010|
















5.


COMMUNITY DEVELOPMENT



6,333,000



















6.


NON-RECURRING GENERAL FUND


|1010|
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 t...

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