HomeMy WebLinkAboutResolution No. 2015-32Suggested by: Administration
CITY OF KENAI
RESOLUTION NO. 2015 -32
• RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, AUTHORIZING
• BUDGET TRANSFER WITHIN THE AIRPORT FUND - ADMINISTRATION
DEPARTMENT FOR LEAVE IN EXCESS OF BUDGETED AMOUNTS.
WHEREAS, the Airport Administration Department projects a shortfall in its leave
budget due to leave cash -outs associated with employee leave cash -outs in excess of
budgeted amounts; and,
WHEREAS, annual department budget estimates for leave cash -outs include each
employee cashing -out two weeks of leave; and,
WHEREAS, when employees cash in more than this estimated amount, budget deficits
are created and budget adjustments are needed to cover the deficit.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, the following budget transfer be made:
Airport Fund
From:
Administration - Contingency $8.000
To:
Administration - Leave $8&0_Q
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 3rd day of June,
2015.
PAT PORTER, MAYOR
ATTEST:
Sandra Mo i , UA 7derP
Approved by Finance:-7 7 _�%
OVA
"Villaye with a Past, C# with a Future"
To: Rick Koch, City Manager
FINANCE DEPARTMENT
210 Fidalgo Avenue, Kenai, Alaska 99611 -7794
Telephone: 907 - 283 -7535 / FAX: 907 - 283 -3014
�_ / From: Terry Eubank, Finance Director
Date: May 26, 2015
Re: Resolution 2015 -32
The purpose of this memo is to provide support for and to recommend passage of Resolution
2015 -32. Resolution 2015 -32 authorizes a budget transfer within the Airport Fund —
Administration department for leave expenditures in excess of budgeted amounts.
Each department's budget includes a budget for employee leave cash -outs equal to two weeks of
leave per employee of that department. Occasionally employees either leave the City requiring
cash -out of all remaining leave or employees elect to cash -out more than two weeks. When this
occurs, a deficit in the leave account's budget occurs and a budget revision or supplement fund
request is needed to fix the deficit. The Airport Administration Department is requesting a
budget revision in the amount of $8,000 from its contingency account, no supplemental funding
is needed.
Your support of this Resolution is appreciated.