HomeMy WebLinkAbout159501
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• ORDINANCE NO. 15,950
AN ORDINANCE AUTHORIZING THE CLOSING
OF THE 1977 CAPITAL IMPROVEMENT FUND
AND THE TRANSFER OF THE REMAINING
FUNDS AND ACCOUNTS TO THE SPECIAL
PROJECT FUND.
WHEREAS, the Board of Directors authorized the issuance of the
1977 General Obligation Improvement Bonds by Ordinance No. 13,323,
and in Section 13 of said ordinance established the 1977 Capital
Improvement Fund; and
WHEREAS, the 1977 General Obligation Improvement Bonds were
retired in full in 1988 and there no longer is a need for the
separate fund established to account for the proceeds from the
issuance of the bonds; and
WHEREAS, there remain in the 1977
appropriations for uncompleted projects
Parks and Recreation departments, as
balances, which should be restricted
aforementioned departments in accordant
bond issue.
Capital Improvement Fund
of the Public Works and
well as unappropriated
to the needs of those
e with the intent of the
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The accounts and balances recorded in the 1977
Capital Improvement Fund (fund number 300 in the financial records
of the City) shall be closed and transferred to the City's Special
Projects Fund (fund number 210).
SECTION 2. The unobligated and unappropriated balances of the
fund shall be designated as restricted for the needs of the City's
Public Works and Parks and Recreation Departments, and shall be
appropriated to future projects of those departments as the Board
of Directors desires upon consideration of proper requests from
City staff.
M
0-146
,6--V
�1 PASSED: Octobe 422
r 1-6, 1990
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ATTEST: APPROVED:
a�jz.
CIT CLERK JAMECUZECH KAYORQFLOjp G. "BUDDY- VILLISES
APPROV AS TO RM: 4�k'
MARK STODOLA, CITY ATTORNEY
ASSETS:
Cash
Investments
TOTAL ASSETS
RESERVED
Reserve
Reserve
Reserve
Reserve
Reserve
FUND
for
f or
for
for
for
1977 CAPITAL IMPROVEMENT FUND
BALANCE SHEET AS OF
SEPTEMBER 25, 1990
BALANCES:
Special Projects
Encumbrances
Loan to Riverfest
Public Works
Parks and Recreation
UNRESERVED FUND BALANCE
TOTAL FUND BALANCES
DETAIL OF RESERVE FOR SPECIAL PROJECTS:
Barrow Road: 12th to Asher
Developer Contribution Account
Geyer Springs Street Improvements
Cloverdale Drain
Bridge Repair & Replacement
Otter Creek Road Bridge Replacement
Ottenheimer Recreation Center
Parks Misc & Contingency
TOTAL APPROPRIATIONS FOR PROJECTS
$311,690
926,793
$758,914
57,784
40,000
4,413
80,463
941,574
296,909
$115,683
306,740
55,511
100,000
131,583
48,295
775
327
423
$1,238,483
$1,238,483
$758,914