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:
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A. REVENUES AND FUNDING SOURCES |
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1. |
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CAPITAL FUND |
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Capital Cumulative Reserve Fund Interest |
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100,100 |
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CAPITAL FUND TOTAL |
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100,100 |
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2. |
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AGENCY AND OTHER RECEIPTS |
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120,800,400 |
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3. |
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MUNICIPAL AID |
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0 |
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0 |
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4. |
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COUNTY ROAD AID |
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0 |
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0 |
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5. |
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COMMUNITY DEVELOPMENT |
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6,333,000 |
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6. |
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NON-RECURRING GENERAL FUND |
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0 |
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2,773,000 |
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Total Available for Appropriation |
127,233,500 |
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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.
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_______________________________ Sonya Harward Metro Council Clerk |
_____________________________ David James President of the Council |
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_______________________________ 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