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HomeMy WebLinkAbout1974-03-20 Council PacketKenai City Council Meeting Packet March 20, 1974 COUNCIL A1E-Fr 11f; OF tj'y���a 20 1974 — -- Vl • JOHNSON j MC GRADY ���-- NORENE f �' STE INER DOYLE HUDSON 14 STEINBECK a • i�C/" is 'r. iE F ' r�.r' - ,C� �•rw...rr�-e..., S ' . - - •� I� �; it . . .. - •' - �_. _. 4&6� M t_i! -- - i ail I LII(I �I I II A G E N D A REGULAR MEETING, KENAI CITY COUNCIL r MARCHKENIIIILIBRARY00 P.M. PLEDGE OF ALLEGIANCE PAGE • A: ROLL CALL B: PUBLIC HEARINGS B • 1: Ordinance 239-74 Appropriating funds for PY 1973174 DEFERRED - 8 - 2: Ordinance 242-72 - Exceptions on purchasing in excess 1 of $500.00 '` 2 B - 3: Ordinance 243-74 Bond refundin C: PERSONS PRESE!%T SCHEDULED TO BE": 1. 2. 3. • 4. u i D: MINUTES j 1. Minutes of Regular Meeting, March 6, 1974 3 H • 2: City Attorney's Report 3 8: CORRESPONDENCE - 1. 2. 3. 4. Fs OLD BUSINESS 1 1. Price suggestion on fuel DEFERRED 2• New Library 2-3 3. 4. 6. S. G: NEW BUSINESS - 1. Bilis to be paid - bilis to be ratified 4 2. Request for payment - Wince, Corthell - $2,872.00 4 f 3. Paradise Lanes Lease • Etolin S/D 4-$ 4. Audit 8 Budget Committee resignations 3 S. Request for payment - Wince, Cortheli $6,000 4 6. s ` 7. 9. 10. r 12. ;_. 13. - 14. IS. Ns REPORTS I-- { 1. City Manager's Report $ 4 a. Hiring of Attorney for Assessment Case 6 b. Now water well 6 C. Luncheon with K.U.S.C.O. Thursday -Pizza Paradises I E 3. Mayor's Report 6 NONE - 4. City Clerk's Report 6 - S. Finance Director's Report 6. Planning 4 Zoning's Report 7 7. Borough assemblymen's Report r i j 1: PERSONS PRESENT NOT SCHEDULED TO BE HEARD: 7 C 1. Lee Glad 2. S. iE Viso= i' 111 T w o .1 i■ II I IIT■ i ..,.. �_ .... i nhi i Y II I -.I ._ n Y � il, I� Y !,L. Y .. _ .�_. MINUTES P KENAI CITY COUNCIL REGULAR MEETIN-3 MARCH 20, 1974 8100 P.M. KENAI LIBRARY The Council gave the Pledge of Allegiance. .. -i ROLL CALL: Members present - C. E. Johnson, Tru McGrady, Robert Norene, H. J. Steiner *, i '• I 1 Y• I •I .I James Doyle, A. L. Hudson and Mayor John Steinbeck. Members absent - None. B: PUBLIC HEARINGS B - 1: Ordinance 239-74 - Appropriating funds for FY 1973/74 The Clerk read the Ordinance by title. Mr. Navarre stated he would recommend continuation of this hearinq. He has not heard from F.A.A. There were no objections to continue the hearing. 8 - 2: Ordinance 242-74 - Exceptions on purchasing in excess of $500.00 i The Clerk read the Ordinance by title. Mayor Steinbeck recessed the meeting and opened It for a public hearing on Ordinance 242-74. There was no public participation so the public hearing was closed. Mr. Navarre recommends item 5, in Section 7-35, the words "bond payment", 'be changed to "authorized debt". Johnson moved and Doyle seconded to adopt Ordinance 242-74 - Exceptions on purchasing in excess of $500.00, changing Item 5 in Section 7-35 to read "authorized debt" only. McGrady moved and Norene seconded to amend the motion and strike item 2 under Section 7-3S. *Steiner in now. After some discussion, the amendment failed by roll call vote. Voting yes; McCrady and Norene, Voting no; Johnson, Doyle, Hudson E Steinbeck. Abstaining; Steiner, The main motion carried unanimously by roll call vote. Voting yes; Johnson, McCrady, Norene, Steiner, Doyle, Hudson and Steinbeck. E F— ._.'. a 111011,0111 ILII F MINUTES, KENAI CITY COUNCIL MEETING, MARCH 20, 1974 Page two ! .j B - 3: Ordinance 243-74 - Bond refunding i The Clerk read the ordinance by title. fMayor Steinbeck recessed the meeting and opened it to the public. There was no public participation so the public hearing was closed. Doyle moved and Steiner seconded to declare Ordinance 243-74 - Bond refunding, - and emergency ordinance. The motion carried unanimously by roll call vote. Doyle moved and Johnson seconded to introduce Ordinance 243-74 - Bond refunding. After some discussion the motion carried unanimously by roll call vote. Johnson moved and Doyle seconded to adopt ordinance :43-74 - Bond refunding. The motion carried unanimously by roll call vote. Voting yes; Johnson, McGrady, Norene, Steiner, Doyle, Hudson and Steinbeck. There were no objections from Council to hearing Agenda Item F - 2 - New . j. Library, at this time. F - 2: New Library Mr. Navarre stated he met with members of the library. Some of the members are here this evening and asked if we can hear from them. ! I 1 _ Mrs. Evenson read the letter to the Mayor, Council and City Manager, concerning ` the new library construction. They estimated that the total project will amount to $350,000 for a single level structure of approximately 5,000 sq. ft. with $252,325.00 from bond monies. I { Mr. Navarre asked for clarification of the grant money. Is it to be used only for furnishings E equipment. Emily DeForest, Librarian, stated it can be used I for construction and/or equipment. Mayor Steinbeck asked if he would like some direction from Council. Mr. Navarre stated he would work at the will of Council and the public. He felt we should get some direction from the people by holding 4 or 5 p iblic hearings. Councilman Doyle stated we should proceed with specs on the new library - -- - building for the starting of a Civic Center. Councilmen Johnson and Councilman Hudson felt the public hearings should be limited to one. '. After further discussion, Johsnon moved and Doyle seconded to direct City Administration to put together a meeting with interested engineers and p architects to put together proposals within our financial capabilities within two weeks. The motion carried unanimously by roll call vote. V- MINUTES, KENAI CITY COUNCIL MEETING, MARCH 20, 1974 Page three 1 F - 2 - New Library - continued Mr. Navarre asked Mr. Chen if we spent $600,000 now, if we would be in jeopardy. Mr. Chen stated we are already committed on the Airport Fencing. Though it is 100% funded, we get no money until the project is finished. Councilman Johnson stated we are asking for proposals, not build the Civic Center in one chunk, some today, some later. Mr. Navarre stated he would like to invite one engineering firm for pre - assistance and see what the maximum possibilities are. Councilman Johnson felt it should be left up to Administration to have one firm or multi firms. Councilman Norene stated he recognized some students from the government class in the audience and he asked them to stand up and be recognized. He felt we should encourage some of these students to serve as Junior Councilmen, as they have in the past and asked that the City Manager be directed to contact Mr. Stringham concerning this. There was no objection from Council. 0: MINUTES The Minutes of the regular meeting of March 6, 1974, were approved as . corrected. On page 5, paragraph 2, to read "Mr. Fisher stated the alternatives were ... " i H - 2: City Attorney's Report Mr. Fisher stated he has been in contact with Karl Walter In respect to the law suit to provide continuity or assistance. He further stated he is working on an ordinance reducing the fines on conviction of any provision of Section 13 of the Code. These are minor offenses and would reduce the number of jury trails. 1, Councilman Johnson asked the status of the road to the boat launching ramp. Mr. Navarre stated we have a proposal that if we build the road, the property will be dedicated for the public. They want some tidelands for exchange. If we build a road on our own property, it will be a longer road but could provide a subdivided parking area where boats could be stored and would provide an Income. Councilman Hudson asked if we would go to bid. Mr. Navarre stated it depends on the budget and crew. We hope to force account the project. He would like the authority to expend $800 to $1,000 on engineering to survey and evaluate j the ground. Johnson moved and Norene seconded to authorize the City Manager to hire an engineer for a feasibility study on the road to the boat ramp. The motion failed by roll call vote with Johnson casting the affirmative vote. McCrady Moved and Johnson seconded for reconsideration at the next meeting . M1 M 0 F IIIIH41 Ifil, ''.°21. S4Ald94-HlM 11 -- s MINUTES, KENAI CITY COUNCIL MEETING, MARCH 20, 1974 Page four F: F-1: F-2: s G: G - 2: G - 5: G - 3: - ii��i�l�llll II IIJI I^ .I I i II OLD BUSINESS Price suggestion on fuel Postponed until the next meeting. New Library Heard after public hearings. NEW BUSINESS / Bills to be paid - bilis to be ratified Doyle moved and Johnson seconded to approve the bills to be paid and ratify payment of bills as listed on the memo of 3-20-74. The motion carried by roll call vote with Doyle abstaining from voting on Doyle's Fuel bill and Steinbeck abstaining from voting on Food Town bill. Request for payment - Wince, Corthell - $2,872.00 Request for payment - Wince, Corthell - $6,000.00 McCrady moved and Steiner seconded to approve payment of $2,872.00 to Wince, Corthell 6 Associates - Assessment procedures. The motion carried unanimously by roll call vote. Johnson moved and Doyle seconded to approve payment of $6, 000.00 to Wince, Corthell 6 Associates - Airport Fencing Project. The motion carried unanimously by roll call vote. Paradise Lanes Lease - Etolin SID 1 ;i Councilman Hudson stated this has been discussed at the last two meetings. It appears the City Manager has some participation and would like to discuss whether we ought to rescind our action or let it ride as is. He asked Mr. Navarre to discuss his participation in this project to get a little more depth. Mr. Navarre stated he is on the Local Development Corporation as President. The corporation will, hopefully, participate In this project. He is also an Incorporator of the Paradise Lanes. He has no interest at all, The papers say ; less than 1%. He doesn't even have 1't. He has nothing. State Laws require that you have three incorporators and don't have to have an Interest in It. The bank also questioned on this. They said that he and. Giotfelty and Mike Huss were the operators, owners and promoters on this particular project. He would tike to clear the air that he has�no Interest, Ciotfeity has no interest and Mr. Huss Is the sole owner and operator of this, if that is what the Indications are. --"war- F MINUTES, KENAI CITY COUNCIL MEETING, MARCH 20, 1974 Page five G - 3 - Paradise Lanes - continued Councilman Hudson stated he had hoped this would have been brought out In the first meeting. Mr. Navarre did indicate that he put the package together, however, the rest of the information he didn't bring out and it was the time to have brought it out. There is certainly alot of misunderstandings about it. 1 In getting the information on the corporation, it doesn't indicate that he doesn't have any stock. You don't get that kind of information. When you ask you get whose names are in the corporation, including the Rorad of Directors. That was his question. Even though he may not have any interest, how does it look for the City to be forgiving something which is not available to anyone else. No one else has been forgiven in such a manner. It has not been a policy of the 1 City to forgive lease money and certainly not to forgive lease money and turn around and re -instate the lease. His question to Council is, do we need to do i anything further. It has been passed. If Council feels there is no conflict here } then he thinks Council should take some action to so indicate and further clear the air for the future. i Councilman Steiner stated wouldn't no action confirm the action taken the last meeting. Mayor Steinbeck stated it could be that this type of situation has never come up before when the financing took so long. He asked for further comments and hearing none the action taken last meeting stands. G - 4: Audit E Budget Committee resignations 12 H-1: (a) Mayor Steinbeck reported, Mr. Evans, Mr. Whelan and Mr. Stetler have resigned from the Audit and Budget Committee. He felt we ought to endeavor to keep a committee. Councilman McCrady felt a format of procedures should be established in the form of a letter. Councilman Steiner felt a work committee should be selected from Council to draft such a letter. Mayor Steinbeck appointed Councilmen Norene, Doyle and Steiner. REPORTS City Manager's Report Hiring of Attornev for Assessment Case Mr. Navarre reported we have hired an attorney, Mr. Karl Walter from the firm Groh, Benkert, Greene and Waiter. Mr. Walter has had experience in assessments. A MINUTES, KENAI CITY COUNCIL MEETING, MARCH 20, 1974 Page six (b) New Water WelI Mr. Navarre reported he has asked for proposals from two engineering firms for a new well. It Is quite apparent we need another well and would like to get the well in before final break-up because of the location. He will be c presenting the proposals at the next meeting. Mr. Navarre asked how Council felt about having a noon luncheon on the Tuesdays before Council meetings to provide more information to Council. Councilman Doyle stated It was tried one and didn't work out. Councilman McGrady felt a need for additional Information but felt a better solution would be to have a cut off day for the agenda, say Tuesday noon. Councilman Steiner felt this was a good suggestion as long as it is a goal to shoot for but not a hard and fast rule. (c) Luncheon with K.U.S.C.J. Thursday - Pizza Paradisos Mr. Navarre stated K.U.S.C.O. Is anticipating a rate Increase and would like to discuss this with Council at noon tomorrow at the Pizza Paradlsos. H - 3: Mayor's Report Mayor Steinbeck stated that effective April 2, 1974, he is resigning from the Mayor's position. The Mayor finds his profession is getting to be more and more demanding and feels it is impossible to keep up with the Mayor's position and his business. The Council should be thinking of someone to step into the chair. He stated it has been a pleasure serving with the Council. H -4: City Clerk's Report No report. H - S: Finance director's Report Mr. Chen reported the revenues are 7493 collected. At the end of the eighth month revenues were 1.5 million and expenditures 1.4 million. This month shows a slight decrease in surplus. Hopefully the City can retain #30,000 to $40,000 surplus at the year end. Mr. Chen has been reviewing the revenue bonds we have on hand. He has found we might be able to refund them. He would like authority to talk to Seattle First National and the bond counsel on the possibility. Steiner felt Mr. Chen should be directed to Investigate this. There were no objections and was so ordered., ' r c s d MINUTES, KENAI CITY COUNCIL. MEETING, MARCH 20, 1974 Page seven H - 6: Planning E Zoning's Report _ - Commissioner Hudson reported on the Planning G Zoning Meeting of March 13,1974. . i i k The Commission approved an easement for H.E.A, 60' from center line on Walker Lane for a transmission line on the west side of Walker Lane to a new substation. The substation will be located on Kenai Packers property as far south as possible.. Mr. Navarre stated H.E.A. found a 4S KW generator tkat will satisfy their needs for English Bay and will not need to borrow the City's generator. H.E.A. appreciated the gesture. Mr. Navarre reported the meeting on March 7th on the Boat Harbor was a good _ public meeting, Future meetings will be held in Kenai, We can make application for a grant through E.D.A. for a feasibility study, The City will have to match It 25% and Council will have to approve It. H - 7: Borough Assemblymen's Report Assemblyman Doyle reported on the Assembly meeting of March 19, 1974, i Ordinance 74-8 - regarding selling 81 million in bonds was introduced. 'Stan Long talked on the chemicals that are sprayed along the highway. The Assembly will have a resolution for the next meeting urging the chemicals ceased to be used. Two portables have been moved from the high school to Sterling and the Russian - Village. There was a discussion to have the 7th B 8th graders of the Russian ' Village to be bussed to Anchor Point. There are only 7 or 8 students, so this won't be done. There was a discussion on remodeling the Seward fail out sheltor under the elementory school to be used for school activities. The Fire Marshall says no. There is no ventilation, no sprinkler system and not enough I doors. l: PERSONS PRESENT NOT SCHEDULED TO BE HEARD: _ 1: Lee Glad t _.. _ Mr. Glad stated we have a leash law that Is put Into effect several times a year. He felt It should be enforces or wiped out. There are more dogs than people In _- Mommsen SID. -ter Mr. Navarre stated we did pick up many dogs during the last leash law period. U We do not have a continuous leash law. He has had many complaints and told . them to get a petition to put the leash law In effect continuously. MEETING ADJOURNED 10: 35 P.M. submitted,01 ' }Respectfully ,y S anon Looseay Clerk t_ a i . f k� [tM i '- March 6, 1974 TO: FROM: SUBJECT; ;o I . ';• ,•� Y of .. GEORGE A. NAVARRE, CITY MANAGER DAVID T. CHEN, FINANCE DIRECTOR ORDINANCE 239-74 My further research, confirmed by the Engineer, Mr. Nels Kjeistad (see attached) has convinced me that the new Special Assessments (passed In 1974) do not include the areas within the old assessment districts. The properties of CIIAP which were assessed by District #3 (68) are not included in any of the new assessments. NoweVer, the City's records show that some of the vacant assessed CIIAP properties have never been paid by the airport fund advanced $27,010.19 for the water/sewer construction in CIIAP In FY 1968. In FY 1971, when the City adopted Central Treasury System, the said advance appears to be wholly paid by Special Assessment Fund. It Is, therefore, recommended that an amount of $6,986.47 as delinquent assessments of, District #3 (68) (known as CIIAP) be Included in Ordinance 239-74; the total transfer $133,441.19 be amended to $140,427,66. Sincerely, � J. David T. Chen Finance Director FNM 74-8016 ti WINCE • CORTHELL 8 ASSOCIATES a '� CONSULTING ENGINEERS r? CO. son 1041 287.1611 •• r KiNA1, ALASKA tr i1 Mrch 1, 1)74 L� )ttt - City of Kens' P.O. Box 583 Kenai, '+laek3 99011 Attn : t;r. Bav i d T. Chen Ref: F:IC 74-0031 Finance Director Project: 73-3 Subject: City of Kenai Assessments Dear Sir: Reference is rude to your letter of February 28, 1974, requesting con- firmation of areas located within special assessment districts prepared for the City of Kenai by our firm. -' Please be adv'.sed that we reviewed all existing; assessment districts prior to`:'mer.ng a �' r"Mr d+ n tr' � b ;u.ndar{ cz 0^1r prof occd asocirzzcnt. districts. To the beat of our knowledge we followed the Code of the City of Kenai.in preparing boundary descriptions for new assessment districts and we did not Include areas within new assessment districts which had previously been assessed for that utility. Very truly yours, - Wince-Corthell and Dissociates v k. 2r4l-1,0'I eJ s elst, d P. R. ti 3 I CITY OF KENAI ORDINANCE 239-74 APPROPRIATING FUNDS FOR FISCAL YEAR 1973/74 WHEREAS, the surplus of Airport Land Fund appears capable to provide $133,441.19 for the current and delinquent assessment payments including interests to Special Assessment Fund for the Municipal Airport owned properties assessed by the laws for the various improvements. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA: Section 1. From "Fund Balance" (or "Retained Earnings") of Airport Land Fund, the sum of one hundred thirty three thousand four hundred forty one dollars and nineteen cents ($133,441.19) is hereby appropriated and transferred to Special Assessment Fund as the assessment payments assessed by the laws. Section 2. The total sum initially authorized for the 1973/74 budget is hereby amended by the above transferred amounts. First Reading 20th day of February, 1974. Second Reading 6th day of March 1974. Passed on the 6th day of March 1974. c ° ATTEST: w Sharon l._oosii, City Clerk I - 4 +r 1r I JOHN F. STEINBECK, MAYOR 1 4 1 z I A 1 a t y . • - .. Jul .1 _ • 9_ ... ,. I to � SPECIAL ASSESSMENTS AGAINST AIRPORT PROPERTIES '- TOTAL j PRINCIPAL PROPERTY ANNUAL DUE AS OF INTEREST TOTAL DISTRICT NO. DESCRIPTION PAYMENT 6/30/74 CHARGED DUE � E 00271 (68) 1B Deshka S/D 405.51 2,838.57 681.24 00271 (68) NEa Sec. 5 673.49 4,714.43 1,131.48 00271 (68) NEUO, Sec. 5 6,296.89 44,078.23 10,578.75 j 00271 (68) NEa, Sec. 5 4,442.10 31,094.70 7,462.77 j 00271 (68) POT. Air Tract i 1 & POT. of NE4, Sec. 6 2,679.95 18,759.65 4,502.40 101.485.58 24,356.64 j C. 00271 Sub Total 125,842.22 ! ! 3(68) SWU, Sec. 32, T6N, R11W, SM, L3, B5 449.31 197.70 j 3(68) NWS, Sec. 5, T6N, RllW, SM, L8, B1 547.35 240.83 3(68) NW%, Sec. 5, T6N, R11W, SM, L7, B1 552.07 242.91 3(68) Nift. Sec. 5, TSN, R11W, SM, L8, B2 10651.49 726.66 3(68) NW'4, Sec. 5, TSN, R11W, SM, L7, B2 1,651.49 726.66 4,851.71 !,134.76 03 Sub Total 6,986.47 73-S2 LS, B1, Fidalgo Com. Ctr.- 165.98 165.98 73-S2 L6, Bl, Sec. 5 T6N, R11W, SM 165.98 165.98 73-S2 Sec. S, TSN; R11W, SM, L4, B1 165.98 165.98 73-S2 Sec. S, TSN, R11W, SM, L30 B1 165.98 165.98 73-S2 Sec. S, TSN, R11W, SM, Ll, B4 224.99 224.99 73-S2 Sec. S, TSN, R11W, " SM, L1, B1 224.99 224.99 73-S2 Sec. S, TSN, R11W, p SM, L2, B1 165.98 165.98 - - 73-S2 SWh, Sec. 32, T6N, R11W, SM, L9, B5 234.73 234.73 " it i J t ` '- {Special Assessments Against Airport Properties Page •-2- r TOTAL PRINCIPAL _ PROPERTY ANNUAL DUE AS OF INTEREST TOTAL (DISTRICT NO. DESCRIPTION PAYMENT 6/30/74 CHARGED DUE ':73-S2 SW14, Sec. 32, T6N, ! R11W, SM, L8, B5 234.73 234.73 .173-S2 SWC, Sec. 32, WN, R11W, SM, L7, B5 234.73 234.73 :73-S2 SW'IA, Sec. 32, WN, - R11W, SM, L4, BS 234.73 234.73 73-S2 SIV -4, Sec. 32, T6N, R11W, SM, L3, BS 234.73 234.73 S11%, Sec. 32, T6N, 173-S2 R11W, SM, L2, B5 234.73 . 234.73 73-S2 S11%, Sec. 32, T6N, R11W, SM, L1, B5 276.71 276.71 J 73-S2 NWAs, Sec. 5, T6N, R11W, SM, L8, B1 652.47 652.47 73-S2 NWS, Sec. S, T6N, R11W, SM, L7, Bl 446.52 446.52 73-S2 NW%, Sec. S, TSN, R11W, SM, L6, B1 487.32 487.32 : 73-S2 Nift0 Sec. S, TSN, R11W, SM, L5, B1 374.00 374.00 73-S2 NWAg, Sec. S, TSN, RllW, SM, L4, Bl 665.17 665.17 752 NWA4, Sec- S, TSN, RllW, SM, Lil, B2 276.87 276.87 73-S2 NWS; Sec. S, TSN, R11W, SM, L10, B2 313.59 313.59 73 -SZ NW%, Sec. S, TSN, R11W, SM, L9, B2 257.86 257.86 73-S2 NW%, Sec. 5, TSN, ' R11W, SM, L8, B2 178.77 178.77 73-S2 NWh, Sec. S, TSN, R11W, SM, L7, B2 178.77 178.77 i 73-S2 NWAj, Sec. S, TSN, R11W, SM, L6, B2 208.52 208.52 73-S2 NW%, Sec. S, TSN, R11W, SM, L9, Bl 194.36 194.36 73-S2 NW4, Sec. S, TSN, : R11W, SM, L80 Bl 179.11 179.11 `s 73-S2 NWAI, Sec. 5, TSN, R11W, SM, L7, B1 220.67 220.67 -.. _._.. 7,598.9? 7,598.97 = 1973 Sub -Total 7,598.97 Total Assessments Due $140,427.66 ► i , im i r ORDINANCE NO. 242-74 AN ORDINANCE PROVIDING FOR EXCEPTIONS ON PRIOR A.PPPOVAL OF CONTRACT OR '_PURCHASES IN EXCESS OF $So0.00, SUCH ITEMS TO BE RATIFIED AT THE NEXT REGULAR MEETING, BY AMENDING KENAI CODE 1963, SECTION 7-35. WHEREAS, there are certain routine monthly payments that, if by waiting for prior approval of Council, necessitates paying of delinquent charges,; "( BE 1T ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA: j Section 1. Kenai Code, 1963, as amended, Is further amended to repeal and re-enact Section 7-35, so that such provision shall read as follows: Same - When prior approval by Council is required. - Section 7-35. Every contract for, or purchase of, supplies, materials, equipment or ! contractual services shall require the prior approval of the Council. The only exceptions will be: 1. Utility bills, (i.e., electricity, gas, fuel, 6 telephone). 2. City's routine investment purchasing. .3. Monthly payments for payroll deductions, (i.e., Income Tax, F.1.C.A., retirement, S fringe benefits), including both employer's and employee's share. 4. Monthly natural gas payments under trust for Kenai Utility Service Corp., (i.e., Marathon I: Union) . ayments, (i.e., bond payments E fire truck loan) . 6. Mon ly contracted janitorial service. All such exceptions will be paid when they fall due and payments will be ratified by Council at the next regular Council meeting. Only the City Manager or his designated official may authorize contracts for, or purchase of, supplies, materials, equipment oxcontractuai services for sums less than $500.00. FIRST READING��_� SECOND READING PASSAGE DATE ATTEST: --Sharon Loosli, City Clerk t 3 M 2 JOHN F. STEINBECK, MAYOR i i K P 7 Moop ORDINANCE 110. 243-74 1JI 011011:7.':CI: of t iv^ City of I:^mo i, Al,-ak: , -•uthorizing the issur-ce of $4,050,000 principal amount of gener.Al chliaetion refunding bonds of the city fnr the purrms e of providing part of the funds nr-cps!ory to refund certain of the city's outstanding ci—r^1 obligation bonds= providing and authorizing the purchase of certain obligations with the proceeds of the sale of such refunding bonds and certain Mrneys in the bond redemption funds; of the city securing ouch bonds to be refunded and for the use and applica- tion of the moneys to be derived fron such invest.mentst providing for the redemption of the outstanding bonds to be refunded: providing the date, form, terms, maturities and covenants of said refunding bonds to be issued and for unlimited tax levies to,pay the principal thereof and interest thereon: confirming the sale thereof, and declaring an emergency. WHEREAS, the City of Kenai, Alaska (hereinafter called the "City"), now has outstanding its general obligation bonds in the aggregate principal amount of $320,000 issued under date of April 1, 1970 (hereinafter called the "1970 Bonds"), which bonds mature on April 1 in each of the following years in the following amounts and bear interest as foliowss Interest Interest Years Amounts Rates Years Amounts Rates -1975 $10,000 8.008 1983 $20,000 7.00• 1976 10,000 8.008 1964 20,000 7.00% 1977 10,000 8.008 1985 20,000 7.108 1978 15,000 0.008 1986 25,000 7.208 1979 15,000 8.008 1987 7.5,000 7.258 1900 15,000 7.008 1986 30,000 7.258 1981 15,000 7.008 1990 30,000 7.308 1982 20,000 7.008 1991 30,000 7.308 WIIEREAS, the proceedings of the Council of the City author- izing the issuance of the 1971 Bonds provide that the City may call such bonds for redemption on April 1, 1980, or on any interest payment date thereafter, at certain specified premiums plus accrued interest to the date of redemptions and WHUREAS, the City now has outstanding its general obligation bonds in the aggregate principal amount of $845,000 issued under date ----���""` z iii. ��a+7 i1111�� Ilirlll LII II I i I I I I1�1111111 of August 1, 1971 (hereinafter called the 111971 Bonds"), which bonds -� mature August 1 in each of the following years in the following amounts and bear interest as follows: Interest Interest Years Amounts Rates Years Amounts Rates 1974 $85,000 6.259 1978 $110,000 5.50% 1975 90,000 6.00% 1979 115,000 5.70% 1976 95,000 6.000 1980 120,000 5.90% _ 1977 100,000 5.30% 1981 130,000 6.00% WHEREAS, the City now has outstanding its general obligation bonds in the aggregate principal amount of $1,940,000, issued under date of January 1, 1972 (hereinafter called the 111972A Bonds"), which Bonds mature on January 1 in each of the following years in the following amounts and bear interest as follows: ' Interest Interest Years Amounts Rates Years Amounts Rates 1975 $ 65,000 6.20% 1984 $105,000 5.75% ' .1976 70,000 6.20% 1985 110,000 5.90% 1977 70,100 6.20% 1986 120,000 6.00% 1978 75,000 f.20% 1987 125,000 6.101 ' 1979 80,000 6.20% 1988 135,000 6.20% 1980 85,000 6.20% 1989 140,000 6.25% 1981 90,000 6.7.0% 1990 150,000 6.25% 1982 95,000 6.?,5% 1.991 160,000. 6.25% J 1983 100,000 5.60% 1992 165,000 6.25% ' WHEREAS, the proceedings of the Council of the City author- izing the issuance of the 1.972A Bonds provide that the City may call such bonds for redemption on January 1, 1982, or on any interest payment date thereafter, at certain specified premiums plus accrued interest to _ the date of redemption; and - WHEREAS, the City now has outstanding its general obligation bonds in the aggregate principal amount of $1,000,000 issued under date -� of October 1, 1972 (hereinafter called the "19728 Bonds"), which Bonds mature October 1 in each of the following years in the following amounts and bear interest as follows: i I E. I I -2- I I i Inter^...^.t Interest Years Anounts PE. *eq. Ypnr_ss luiounts Rates 1974 $30,000 7.003 5 , 1984 $�r,000 5.403 1 L 1975 30,000 7.0016 1985 55,000 5.50% ! 1976 35,000 7.00E 1986 60,000 5.75% 1977 35,000 7.008 1987 65,000 5.7516 1978 40,000 5.50*4 1988 65,000 5.75% 1979 40,000 5.003 1989 7.0,000 5.75% 1980 40,000 5.00% 1990 75,000 5.808 1981 45,000 5.25% 1991 80,000 5.8758 1982 45,000 5.25% 1992 85,000 5.875% 1983 50,000 5.40% i WHEIMAS, the proceedings of the Council of the City author- izing the issuance of the 19728 Bonds provide that the City may call such bonds for redemption on October 1, 1982, or on any interest payment date thereafter, at certain specified premiums plus accrued interest to the date of redemptions and WHEREAS, after due consideration it appears to this Council that the 1970 Bonds, the 1971 Bonds, the 1972A Bonds and the 19729 Bonds ' (herein together called the "Outstanding Bonds") may be refunded by the _ issuance and sale of the general obligation refunding bonds of the City s authorized herein (hereinafter called the "Refunding Bonds") so that a substantial saving to the City and its taxpayers will be effected by the `. issuance of the Refunding Bonds, the redemption of the 1970 Bonds on I 6 April'l, 1984, the defeasance of the 1971 Bonds, the redemption of the 1972A Bonds on July 1, 1987, and the redemption of the 19728 Bonds on October 1, 19871 and WHEREAS, in order to effect such refunding in the manner that will be most advantageous to the City and its taxpayers, it is hereby j = found necessary and advisable that certain "Acquired Obligations" (hereinafter identified), bearing interest and maturing at such time ur times a8 necessary to pay the principal of and interest on the Outstanding _ Bonds as the same shall become due and to so redeem the Outstanding Bonds, be purchased out of the proceeds of sale of the Refunding Bonds and .0 e I:.l1 moneys in certain bond redemption funds of the City. k -3- 6^ 1 - - t 1 L 0 I 11017, THI,t27 M1W, B)S IT ORDAINED by the Council of tho City of Kenai, Alaska, as follows; Section -4- L 11017, THI,t27 M1W, B)S IT ORDAINED by the Council of tho City of Kenai, Alaska, as follows; Section 1. For the purle)sp of providing part of the mmq%pys required: (1) to pay the principal of and interest on the 1970 Bods coming due to and including April 1, 1984 and to redeem and reriro or April 1, 1984 the 1970 ponds maturing after said date, and (2) to pay the principal of and interest on the 1971 Bonds coming due to and including August 1, 1981, a»d.(3) to pay the principal of and interest on the 1972A Bonds coming due to and including July 1, 1987 and to redeem and retire on July 1, 1987 the 1972A Bonds maturing after said date, and (4) to pay the principal of and interest on the 1972D Bonds coming due to and including October 1, 1987 and to redeem and retire on October 1, 1907 the 19728 Bonds maturing after said date, the City shall issue the Refunding Bonds in the aggregate principal amount of $4,050,000. The Refunding Bonds shall be dated April 1, 1974, shall be In the denomination of $5,000 each, shall be numbered, shall mature and bear interest payable semiannually on the first days of January and July of each year (commencing July 1, 1974) from date of issue as tollot+0: *Bond Maturity Interest -Bond Maturity Interest Nos. Date Amounts Rates Nos. Date Amounts Rat9s 1-23 7/1/74 $115,000 5.50% 402-420 1/1/84 $-95,000 5.30% 24-40 1/1/75 85,000 5.50% 421-439 7/1/04 95,000 5.30% 41-58 7/1/75 90,000 5.50% 440-458 1/1/85 95,000 5.35$ 59-77 1/1/76 95,000 5.50% 459-470 7/1/85 100,000 5.35% .78-98 7/1/76 105,000 5.50% 479-499 1/1/06 105,000 5.408 99-117 1/1/77 95,000 5.50% 500-520 7/1/06 105,000 5.40% 118-138 7/1/77 105,000 5.SO% 521-542 1/1/87 110,000 5.50% 139-160 1/1/78 110,000 5.508 543-564 7/1/07 110,000 5.50% 161-183 7/1/78 115,000 5.50% 565-587 1/1/88 115,000 5.600 184-206 1/1/79 115,000 5.50% 580-611 7/l/88 120,000 5.60% 207-229 7/1/79 115,000 5.501 612-636 1/1/89 125,000 5.700 230-254 1/1/80 125,000 5.508 637-660 7/1/89 120,000 5.70% 255-278 7/1/80 120,000 5.50% 661-686 1/1/90 130,000 5.80% 279-304 1/1/81 130,000 5.50% 687-712 7/1/90 130,000 5.80% 305-331 7/1/81 135,000 5.50% 713-736 1/1/91 120,000 5.65% 332-348 1/l/82 85,000 5.10% 737-760 7/1/91 1200000 5.85% 349-365 7/1/02 85,000 5.108 761-785 1/1/92 125,000 5.90% 366-383 1/1/83 90,000 5.20% 786-810 7/1/92 125,000 5.90% 384-401 7/1/83 90,000 5.20% -4- L F 11A nn i4uiLuui-1111111 .i1 _1 . } Both principal of and interest on the Refunding Bonds shall be ppyable in lawful money of the united Stetes of America at the main office of the National Bank of Alaska, Anchorage, Alaska, nr at the option of the holder, at Seattle Trust and Savings Bank, Seattle, Washington or Chemical Bank, New York, New York. Section 2. The City hereby reserves the right to redeem any or all of the Refunding Bonds outstanding in whole, or in part in Inverse numerical order, on July 1, 1981, or on any interest payment date thereafter, at par plus accrued interest to the date of redemption. i Notice of any such intended redemption shall be given by one publication thereof in a financial journal of general circulation in the city of New York, New York, not more than 40 nor less than 30 days prior to such redemption date and by mailing a like notice at 1 the same time to Seattle -First National Bank, at its main office in Seattle, Washington, or to the s>>ccessor or successors in business of said bank, if any, at its or their main office. Interest on any III Refunding Bond or Bonds so called for redemption shall cease on such redemption date unless the same are not redeemed upon presenta- tion made pursuant to such call. In addition to such publication and mailing the City shall also mail notice of any such intended redemption to Standard 6 Poor's Corporation and Moody's Investors Service, Inc., New York, New York, or to their business successors, if any. The mailing of such notice shall not, however, be a condition precedent to the call of any of the Refunding Bonds for redemption, and failure to give such notice shall not affect the right of the City to redeem the Refunding Bonds called for redemption in the manner set forth in the preceding paragraph. Section 3. The Refunding Bonds shall be in substantially i the following forms -5- 4 •- R r _ _ t t t. 'j 4 •- U11ITFD SIMS or NYGRICA 110. $5,000 • swer or ALAS4A CITY of KENAI GENERAL OBLIGATION REFUNDING BOND, 1974 The City of Kenai, Alaska (hereinafter called the °City°)r hereby acknowledges itself to owe and for value received promises to pay to bearer on the first day of , 19•_,, the principal amount of FIVE THOUSAND DOLLARS, together with interest thereon at the rate of 8 per annum payable on the first days of January end July of each year from date of issue (commencing July 1, 1974) upon presentation and surrender of the attached interest coupons as they severally become due. Both principal of and interest on this bond are payable in lawful money of the United states of America at the main office of the National Bank of Alaska, Anchorage, Alaska, or at the option of the holder, at Seattle Trust and Savings Bank, Seattle, Washington or Chemical Bank, flew York, New York. The City has reserved the right to redeem any or all of the outstanding bonds of this issue in whole, or in part in inverse numerical order, on July 1, 1981 or on any interest payment date thereafter, at par plus accrued interest to the date of redemption. Notice of any such intended redemption shall be given by one publication thereof in a financial journal of general circula- tion in the city of New York, New York, not more than 40 nor less than 30 days prior to such redemption date and by mailing a like notice at the same tie to Seattle -First National Sank, at its main office in Seattle, Washington, or to the successor Ln business of said bank, if any, at its main office. Interest on any bond or bonds so r t J t l i ' M i• ' i - !I � L iq called for redemption shall cease on such redemption date unless the I same are not redeemed upon presentation made pursuant to such call. This bond is one of an issue of. 810 bonds of like amount, date and tenor except as to number, rate of interest and date of maturity in the aggregate princpal amount of. $4,050,000, which bonds are issued for the purpose of providing part of the moneys necessary to refund outstanding general obligation bonds of the City in the principal amount of $4,095,009. The bonds of this refunding issue are issued under and in accordance with the provisions of the Constitution and applicable statutes of the State of Alaska and ordinances duly passed by the City Council. The City hereby irrevocably covenants that it will levy . taxes annually upon all the taxable property in the City without limitation as to rate or amount and in amounts sufficient, with other moneys legally available therefor, to pay the prineiral of ant, intwrgot on the bonds of this issue as the same shall become due. The full 0 faith, credit and resources of the City are hereby irrevocably pledged for the annual levy and collection of such taxes and the prompt payment of such principal and interest. It is hereby certified that all acts, conditions and things a i required to be done precedent to and in the issuance of this bond have happened, boon done and performed and that the total indebtedness i of the City, including this bond and the bonds of this issue, does not - exceed any constitutional or statutory limitation. IN WITNESS WHERUOF, the City of Kenai, Alaska, has caused - this bond to be signed with the facsimile signature of the Mayor of the City, to be attested by its Finance Director, the seal of the City to be impressed hereon and the interest coupons attached hereto to be signed with the facsimile signatures of said officials this y -7- M is L iq gp� first doy of April, 1974. T CITY OT t:1:::AI, ALASKA By Mayor ATTEST: Finance Director The interest coupons attached to the Refunding Bonds shall be in substantially the following form: N0. $ On the first day of 19 , the City of Kenai, Alaska, will pay to bearer at the main office of the National Bank of Alaska, Anchorage, Alaska, or at the option of the holder, at Seattle Trust and Savings Sank, Seattle, Washington or Chemical Bonk, New York, Neat York, tho amount shown hereon in lawful money of the United States of America, said amount being the interest due that date on its 1 general obligation refunding bond dated April 1, 1974, and numbered 1 ' CITY OP KENAI, ALASKA By Mayor ! _ i ATTEST s r Y Finance Director -- -- Section 4. The Refunding Bonds shall be signed in the corporate name of the City by the facsimile signature of the Mayor I _ of the City holding such office on the date of passage of this r _ I t ' 1 Ikk F• r s .k } ! t 1 II .11 1 �.. ordinance, and the Manual signature of the PinancP Director. Each of the interest coupons attached thereto shall be signed with the facsimile signatures of said officials. Section 5. The City hereby irrevocably covenants that for as long as any of the Refunding Bonds are outstanding it will make annual levies of ad valorem taxes without limitation as to rate or amount upon all the property within the City subject to taxation which, with other moneys legally available therefor, will be suf- ficient in amount to pay the principal of and interest on the Refunding Bonds as the same shall become due. The full faith, credit and resources of the City are hereby irrevocably pledged for the annual levy and collection of such taxes and for the prompt payment of such principal and interest. Section 6. Where is hereby created a special account of the City knorm as the "1974 Refunded Bond Redemption Account" (here- inafter called the 111974 Refunded Bond Account"), which Account is -to be drawn upon for the sols purpose of paying the principal of and interest on the outstanding Bonds. The proceeds of sale of the Refunding Bonds (exclusive of accrued interest thereon, if any, which shall be paid into the 1974 General obligation Bond Redemption Fund hereinafter created), shall be credited to such Account and used immediately upon the receipt thereof to discharge the obligations of the City under ordinances 179-70, 201.71, 205-71, 207-72, and 243-74 of the City authorizing the issuance of the Outstanding Bonds by providing for the payment as hereinafter ser. forth in this section of the principal of and interest on the outstanding Bonds, The City shall discharge such obligations by the use of such proceeds and of moneys now hold In the bond redemption funds of the City created by said ordinances (in an amount not greater than the interest accruing on the •gr V_ k 1 II .11 1 �.. ordinance, and the Manual signature of the PinancP Director. Each of the interest coupons attached thereto shall be signed with the facsimile signatures of said officials. Section 5. The City hereby irrevocably covenants that for as long as any of the Refunding Bonds are outstanding it will make annual levies of ad valorem taxes without limitation as to rate or amount upon all the property within the City subject to taxation which, with other moneys legally available therefor, will be suf- ficient in amount to pay the principal of and interest on the Refunding Bonds as the same shall become due. The full faith, credit and resources of the City are hereby irrevocably pledged for the annual levy and collection of such taxes and for the prompt payment of such principal and interest. Section 6. Where is hereby created a special account of the City knorm as the "1974 Refunded Bond Redemption Account" (here- inafter called the 111974 Refunded Bond Account"), which Account is -to be drawn upon for the sols purpose of paying the principal of and interest on the outstanding Bonds. The proceeds of sale of the Refunding Bonds (exclusive of accrued interest thereon, if any, which shall be paid into the 1974 General obligation Bond Redemption Fund hereinafter created), shall be credited to such Account and used immediately upon the receipt thereof to discharge the obligations of the City under ordinances 179-70, 201.71, 205-71, 207-72, and 243-74 of the City authorizing the issuance of the Outstanding Bonds by providing for the payment as hereinafter ser. forth in this section of the principal of and interest on the outstanding Bonds, The City shall discharge such obligations by the use of such proceeds and of moneys now hold In the bond redemption funds of the City created by said ordinances (in an amount not greater than the interest accruing on the •gr V_ x0ft NIMIM11pli M LE Outstanding Bonds from their respective last interest payment dates to the date of deliv�•ry of the Refunding fonds to the initial purchaser thereof), and by the purchase of certain general obligations of the 'United States government ("Acquired Obligations"), bearing such interest and maturing as to principal and into -rest in such amounts and at such tines so as to provide for the payment ofs (a) Interest on the 1970 Bonds which will become due and payable on or before'April 1, 1904. (b) The principal of the 1970 Bonds which will mature on or before April 1, 1984. (c) The redemption price payable on April 1, 1904 for the principal of the 1970 Bonds maturing after that date. W interest on the 1971 Bonds whicn will become. due and payable on or before August 1, 1981 (a) The principal of the 1971 Bonds which will mature on or before August 1, 1981. 1 (f) Interest- on the 1972A Bonds which will become due and payable on or before July 10 1987. (g) The principal of the 1972A Bonds which will mature on or before July 1, 1987. (h) The redemption price payable on July 1, 1987 for the principal of the 1972A Bonds maturing after that date. (i) Interest on the 19728 Bonds which will become due and payable on or before October 1, 1987. (j) The principal of the 19728 Banda which will mature on or before October 1, 1987# (k) The redemption price payable on October 1, 1987 for the principal of the 19728 Bonds maturing after that date. J Such Acquired obligations are set forth in Schedule A-1 attached to this ordinance and incorporated by reference herein. *Such Acquired Obligations shall be purchased at a yield not greater than 5.575% per annuml provided, however, that a sum not greater than $645,416.46 may be used to acquire Acquired obligations at the current market price. Such money and Acquired Obligations shall be irrevocably -10- M LE r I a ■unu�i II I u ik deposited with Seattle-Virst National Bank, Seattle, Washington (hereinafter called the "Refurding Agent"). Any amounts described in subparagraphs (a) through (Y.) of this section which are not provided for in full by such money and the purchase and deposit of the Acquired Obligations described in this section shall be provided for in full by such money and the purchase and deposit of the Acquired obligations described in this rection shall be pro'.idod for by the irrevocable deposit of the necessary amount out of the proceeds of sale of the Refunding Bonds or any other moneys of the City legally available therefor with the aforesaid Refunding Agent. Section 7. The City hereby irrevocably calls for redemption on April 1, 1984 the outstanding 1970 Bonds maturing after such date in accordance with the provisions of Ordinance No. 179-70 of the City authorizing the redemption and retirement of the 1970 Bonds prior to their fixed maturities. The City hereby irrevocably calls for redemption on July 1, 1987 the outstanding 1972A Bonds maturing after such date in accordance with the provisions of Ordinance No. 205-71 of the City authorizing the redemption and retirement of the 1972A Sands prior to their fixed maturities.• The City hereby irrevocably calls for redemption on October 1, 1987 the outstanding 19728 Bonds maturing after such date in accordance with the provisions of Ordinance No. 207-72 of the City authorizing the redemption and retirement of the 1972B Bonds prior to their fixed maturities. Said calls for redemption shall be irrevocable after the delivery of the Refunding Bonds to the initial purchasers thereof. The Refunding Agent, act.ing In concert with the City Clerk, is hereby authorized and directed to provide for the giving of -11- r ■ notice of the redemption of the Outstanding Bonds in accordance with the applicable provisions of said ordinances. The Refunding Agent is hereby authorized and directed to pay the City Clerk, or, at the direction of the Clerk, to the paying agents for the Outstanding Bonds, sines sufficient to pay, when due, the sur:+s specified in subp.:ragraphs (a) through (k) of section 6 of this Ordinance. All such sums shall be paid from the moneys and Acquired Obligations deposited with said Refunding Agent pursuant to the previous section of this ordinance, and the income therefrom and proceeds thereof. All moneys and Acquired Obligations deposited with said Refunding Agent and any income therefrom shall be deemed assets of the 1974 Refunded Bond Account and shall be held, invested (but only at the direction of the City Clerk) and applied for the benefit of the City and holders of Outstanding Bonds in accordance with the provisions of this ordinance and with the laws of the state of Alaska. All moneys held.by the Refunding Agent pursuant to this Ordinance, after October 1, 1987, shall be paid to the City. The City will take such actions as are found necessary to see that all necessary and proper fees,.compensation and expenses of the Refunding Agent for the Outstanding Bonds shall be paid when due. The proper officers and agents of the City are directed to obtain from the Refunding Agent an agreement setting forth the duties, obligations and responsibilities of the Refunding Agent in connection with the redemption and retire- ment of the Outstanding Bonds as provided herein and stating that such provisions for the payment of the fees, compensation, and expenses of such Refunding Agent are satisfactory to it, In order to carry out tho purposes of the preceding section of this ordinance and this section, the Mayor and Clerk are -12- authorized and directed to execute and deliver to Seattle - First National Hank, Seattle, ufishingFnn, a copy of such egrce- ment when the provisions of it have been fixed and determined. Such agreement, when fin -:My executed, shall be marked "Exhibit A", shall be attached to this ordinance and by this reference thereto is hereby made a part of this ordinance. Scction 8. There is hereby created a special fund of the City to be known as the "1974 General Obligation Bond Redemption Fund," which fund shall be drawn upon for the sole purpose of paying the principal of and interest on the Refunding Bonds as -the same shall become due. All accrued interest received from the sale of the Refunding Bonds shall be paid into the 1974 General Obligation Bond Redemption Fund. Section 9. in the event that money and/or direct obligations r of the United States of America, and/or obligations guaranteed by the United States of America, maturing at cuch tire or times and bearing interest to be earned thereon in amounts (together with such money, if necessary) sufficient to redeem and retire the Refunding Bonds in accordance with their terms, are not aside 1 In the 1974 General Obligation Bond Redemption Fund of the City to effect such redemption and retirement, and such moneys and the principal of and interest on such obligations are irrevocably i set aside and pledged for such purpose, then no further payments need rbe made into the 1974 General obligation Bond Redemption Fund i for the payment of the principal of and interest on the Refunding 1 Bonds, and the Refunding Bonds and the coupons appurtenant thereto r shall cease to be entitled to any lien, benefit or security of this ordinance except the right to receive the moneys so set aside and pledged, and the Refunding Bonds and such coupons shall i be deemed not to be outstanding hereunder. Section 10. The City hereby covenants that it will not i I M13- 91 make any use of the proceeds of sale of thr Refunding Bonds or any other funds of the City which ray be dr.•rmed to be proceeds of such Refurdinq 10 -ft nursaont- to Soc*inn 103(4) of the internal Revenue Code and the applicable regulatiorm thereunder which, if such use had br;en reasonable expected on the date of delivery of the Refunding Bonds to the initial purchasers thereof, would have caused the Refunding Bonds to he "arbitrage bonds" within the meaning of said section and said regulations. The City dill comply with the requirements of subsection (d) of. Section 103 of the Internal Revenue Code and the applicable Regulations thereunder throughout the term of the Refunding Bonds. This Council hereby finds and determines that the issuance and sale of the Refunding Bonds at this time will effect a saving to the City and its taxpayers. in making such finding and determination this Council has given consideration to the interest to the fixed maturities of the Refunding Bonds and the Outstanding Bonds being refunded, the costs of the issuance of the Refunding Bonds and the known earned income from the invest- ment of the proceeds of sale of the Refunding Bonds pending redemption'of the Outstanding Bonds. This Council hereby further finds and determines that the moneys and Acquired Obligations to be deposited with the Refunding Agent for the Outstanding Bonds in accordance with Section 6 of this Ordinance will discharge and satisfy the obligations of the City under the ordinances authorizing the issuance of the Outstanding Bonds and the pledges, charges, trust, covenants and agreements of the City therein made or provided for as to said Outstanding Bonds, and that said Outstanding Bonds shall no longer be deemed to be outstanding under said ordinances immediately upon the deposit of such moneys and the Acquired Obligations with the Refunding Agent. Section 11. The written offer of Sr ;tle-First National -14- Bank dated March 6, 1979, to purchase the Refunding Bonds at the price specified in such offer, and under the terms and conditions thereof to provided in said off,:r and ir this ordincrce is hereby in all respects accepted and confirn#?d. The proper City officials are hereby authorized and directed to do everything necessary for the prompt execution and delivery of the Refunding Bonds to said purchaser and for the proper application and use of the proceeds of sale thereof. section 12. If any one or more of the covenants or agree- ments provided in this ordinance to be performed on the part of the City shall be declared by any court of competent jurisdiction to be contrary to law, then such covenant or covenants, agreement or agreements, shall be null and void and shall be deemed separable from the remaining covenants and agreements in this ordinance and shall in no way affect the validity of the other provisions of this ordinance or of the Bonds. Section 13. In the judgment of this Council, this ordinance Is one necessary for the immediate preservation of the public peace, health and safety, and shall become effective immediately upon its passage. PASSED by the Council of the City of Kenai, Alaska, at a regular meeting thereof held this day of , 1974. CITY OF KENAI, ALASKA by taayor ATTESTt clerx 4 C377 07 ),.!;*"*AT, iwncr 3 (n W turi4.v x.101 6:-1.1114 PC 6 375 "1 WN 1) 7.0':= 2/15/81 3,513 MINIM,* 11/15/80 163,000 6 110 7 5 15 5/15/00 11, 00.) 4, Ofs 2/15/1,0 92,0w) 7.0`3 11/15/70 36,000 61250. DOWS 8/15/79 1301000 7.013 llx 11.1 3/7/79 91,000 6, Of. 30,000 B. 35'.•. EX IN 8/211/70 1200000 6 1 V; V-1 1101M34 2/3.5/70 110,000 6, 25', I'M DI 8/02/77 112,000 G10791:: 1101N.1j, .5/15/77 63,000 615�. Is Myry 7 11/3.5/76 23,000 7.501t. OWLS 0/15/76 105,000 6.5n 1101'j!'0 5/] 5/7 6 02,000 7.0i, NOTV.q 12/31/75 9/30/75 100,000 G.Osa 110'911M 5/15/75 20,000 131 YIM; 1/24/75 SS'OOO 131LIS 12/17/74 20,000 9/24/74 1000000 BILLS 7/30/74 'T COM". I G12"A Ile - II.-iticm.-1 1-14rt(poe Association DONW, - Unil.*,..cl lot; te:; Doreft 'MISc-allury unjfvul fn I'. "er fix IN Export-import hmik of Ujifted stws Clerk of the City of r.enai, Alaksa, DO 11LIMBY CVWf1rY that the foregoing Is a true and correct copy of Ordinance No. of said City, duly passed by its Council and approved by its Mayor at a regular meeting of said Council held on the _ day of 1974. :1 city Clerk I A- 4 UX11IDIT A AGREr.11ENT 7111S AM0,11ENT, made and vntered into as of the first tidy of April, 1974 by and between the City of Kenai, Alaska (the "City"), and Soattle-first National Bank,,Seattle, Washington (the "Refundirq Agent")t WIT11E5S2T1fs Section 1. Recitals. The City has issued and sold the following general obligation bonds: Date of 168113 Authorizing Ordinance Ifersin Called April 1, 1970 179-70 1970 Bonds August 1, 1971 201-71 1971 Bands January 1, 1972 205-71 1972A Bonds Oattober 1, 1972 207-72 19720 Bonds Said Outstanding general obligation bonds are harcin togcthcr calizd the "outstandings Bonds". The City may provide for the redemption of the outstanding Bonds prior to their final maturities, including amounts to pay principal and interest through the date fixed for such redemption. The City by ordinance No. 243-74 adopted by the City Council on , 19, (herein called the "Ordinance") has determined to refund the Outstanding Bonds in accordance with the terms of said Ordinance. Section 2. Provisions for Refundirq the Outstanding Bonds. To aeeonplish the refunding of the Outstanding Bonds the City, simultaneously with the delivery of the Refunding Bonds issued pursuant to the Ordinance, doves hereby agree to irrevocably deposit with the Refunding Agent in trust for the security and benefit of the holders and oamQrs of the outstanding Bonds sufficient. obliga- ...... _......... . .._. Ik I tions or evidenco thereof ("AcquirAd obligationn") as described in Schedule A-1 attached hereto, and any money, if necessary, to providn. for the puynent oft (r) Interest on the 1970 Londa which will become; duo and payable on or befora April 1, 1984. (b) The principal of the 1970 Bonds which will mature on or before 4pril 1, 1984. (c) The redemption pricy payable on April 1, 1989 for the principal of the'1970 Bonds maturing after that date. (d) Interest on the 1971 Bonds which will becomo due and payeble on or before August 1, 1981 (e) The principal of the 1971 Bonds which will :nature on or before August 1, 1981. (f) Interest on the 1972A Bonds which will become due And payable on or before July 1, 1987. (g) The principal of the 1972A Bonds which will mature on or before July 1, 1987. (h) The redemption price payable on July 1, 1987 for the principal of the 1972A bonds maturing after that date. (i) Interest on the 1972B Fronds which will become dins and payable on or before October 1, 1987. tj) The principal of the 19720 Bands which will mature an or before October 1, 1987.. (k) The redemption price payablo on October 1, 1987 for the principal of the 19728 Bonds maturing after that date. Such Acquired obligations shall be paid for out of the pro- ceeds of sale of the Refunding Bonds, and out of other in -onion now on'hand in the bond redemption funds of the City specified in the ordinance. on or before the delivery of the Refunding Bonds to 'the initial purchasers thereof the City agrees that it will cause to be delivered to the Refunding Agent statements setting forth the maturity schedules of the outstanding Bonds by number, anount, date of maturity and interest rates, the amount of interest to be -2- t Y - � Z tions or evidenco thereof ("AcquirAd obligationn") as described in Schedule A-1 attached hereto, and any money, if necessary, to providn. for the puynent oft (r) Interest on the 1970 Londa which will become; duo and payable on or befora April 1, 1984. (b) The principal of the 1970 Bonds which will mature on or before 4pril 1, 1984. (c) The redemption pricy payable on April 1, 1989 for the principal of the'1970 Bonds maturing after that date. (d) Interest on the 1971 Bonds which will becomo due and payeble on or before August 1, 1981 (e) The principal of the 1971 Bonds which will :nature on or before August 1, 1981. (f) Interest on the 1972A Bonds which will become due And payable on or before July 1, 1987. (g) The principal of the 1972A Bonds which will mature on or before July 1, 1987. (h) The redemption price payable on July 1, 1987 for the principal of the 1972A bonds maturing after that date. (i) Interest on the 1972B Fronds which will become dins and payable on or before October 1, 1987. tj) The principal of the 19720 Bands which will mature an or before October 1, 1987.. (k) The redemption price payablo on October 1, 1987 for the principal of the 19728 Bonds maturing after that date. Such Acquired obligations shall be paid for out of the pro- ceeds of sale of the Refunding Bonds, and out of other in -onion now on'hand in the bond redemption funds of the City specified in the ordinance. on or before the delivery of the Refunding Bonds to 'the initial purchasers thereof the City agrees that it will cause to be delivered to the Refunding Agent statements setting forth the maturity schedules of the outstanding Bonds by number, anount, date of maturity and interest rates, the amount of interest to be -2- a - J� ' ■ I IY - - - -- r J paid on each neniannuul i ntcrc•ut p.'ywdint date, the arriunt of principal to be paid on ezrh annual principal payment date and the amount of the principal to be paid on the dates that the regaining _ Outstanding bonds are to be radeenrd. The City by the Ordinance has irrevocably called the 1970 Bonds for redemption and prepayment on April 1, 1964. The _i City by th:i Ordinance has irrevocably called the 1972A Mnds for redemption and prepayment on July 1, 1987. The City by the Ordinance has irrevocably called the 19720 Bonds for redemption and prepayment on October 1, 1987. Said calls for redemption and prepayment shall be irrevocable upon the delivery of the Refunding Bonds to the initial purchasers thereof. The Refunding Agent, in concert with c the City Clark (the "Clerk."), shall provide for publication and mailing of the proper notices of such redemption and prepayment ' !n accordance with the provisions of the Ordinance. y Section 3. Dis3burJsomento by nefundi.nj Aacnt. The Refunding Agosit shall present for payment on the due dates thereof any Acquired Obligations so deposited with it and shall apply the proceeds ` derived therefrom and the interest paid thereon in accordance with the provisions of the Ordinance and this agreement. Moneys . shall, in a timely manner, be transferred by the Refunding Agent to the Clerk or, at the direction of the Clerk., to the paying agents for the Outstanding Bonds, in amounts sufficient for the payments ` y specified in subsection (a) through (k) of Section 2 of this agreement. Section 4. Custody and SafRakeepinq of Obiiactions. For as long as any of the Outstanding Bonds are outstanding, on or before the 20th day of each January and July commencing with the month of July, 1974, the Refunding Agent shall render a statement as of i v the last day of the preceding month to the Clerk, which statement shall set forth the cash and Acquired Obligations held by the a Pp �c- --- _�--�-q d�4'1•�AI �I'lll��;i.7-1°4141!'�li�i i I iJi1i19 .._ .. I.. Rrsfundir►ti Ajenr, tiny of ruch tsar;ulred Obligatinn:; NlliCh ht.vt- and the, aununts me -ivcd by the Refundinf /+yAnt by reus;on of such maturity, the intonest earned on any of. ouch Acquired 411ligationn, a list of any i.nvCrstV6.nts or reirJv0at130nts m4dle by the Refunding Agent in other obiicjations and the; infers.ni; and/or principal deri.v-d therefrom, the amounts of cash delivered to the Clerk and the datoo of the use thereof for the payment of the principal of and interest on the Outstanding Rends as the uurne °shall becoine due and payable, and any other transactions of the Refunding Agent pertaining to its duties and obligations as ofit forth hcsrein. All Acquired Obligations, moneys and inventmRnt incomo deposited with or received by the Refunding Agent pursuant to this agrecsnont shall bO subject to the trust created by this agreement, and the Refunding Agent shall be liable for the preservation and nafekeeping thereof] provided, however, it shall not bot responsible for any depreniafion in value of Any of, tha Aagni.rad Ahli.gatinng, Onction 5, Duties and Obligations of the Refundinq Ationt. ! The duties and obligations of the Oofunding Agent shall be ao prescribed by the provisions of this agreement and the Ordinance and the Refunding Agent shall not be liable except for the perforinanco of its duties and obligations as so apocifically oct forth and to act in good faith in the performance thoreof, apd no implied duties or obligations Shall be incurread by tho Refunding Agent other than thoso specified heroin, The Refunding Agent may consult with counoel of its choico, and .the opinion of ouch counsel shall be full and complete authorization and protection in respect of any action taken or not taken or suffered by It hereunder in good faith and in accordance with the opinion of ouch counnol. Section G. Componnation of. Refqndinq Agent. The arrange- monts heretofore made for the payment of the feos, compensation -4- IM - —3 S f anp rexpunssess of the RefuntUng lsq,,nt for r,(-rvi.c(:r, rnnde-rei by it puruunnt to thy r rovi nicmr, of thins Agreement are satisfactory i to) it, ! CITY OF NLIJAI , AW -KA By Hayor ATTLIXT s Csty Clark. GBATTLE-PIMT NATIONAL RAUK By Mtte) fr. .� W-sw�i1..'^.-. ' --" _- - - .'-�. _ _'.. _,111_1 --• - _..-- -. - ='rn'arrr■.ei�iiri��Y.riwwi•.. s _ _ 1 C177 i` t).' 1:'1x;1`;% { 7tSrf,�•i.tY F , « .. ...�. ........ __ .,.._ . 111,1. � Its v)vn,. .. ir.•.,�r,,.. ,,,,.^ .. ......_..___ !x;?4Y:• '+,r� .. 111__1.., M,<•al�at,.•✓ 1` ,.r. ... ..�.:. ."l. VY. (;1:111, )1c t,/t16/1S7 269 , UO'► 3.2;; 116.11),i 344,0W{ 61105,1r AV,I1',:; 0/l�jf;l /21,1101, 6137a't= 1)0:;1X, 2/9.5f t72 1lt,1ON; 7.0; 13i1'71Y.; 13/7'✓/14'3. 1415, 001.1 7.O` !1091'1;'1 ?./11!1;11 99, UG 0 31 !S: 1;(y:.l� : 11/15/1►O 163,000 611173rd lihl"::, 5/7 x/00 21,000 4.013 My"', 0.1, 2/15/80 92,000 7.0`3 1I(Wi.f, 1.1/15/79 36,000 6.25t 001,M) ) 6/115/79 1i0, O00 7,01, FIX 17.1 3/7/79 91,000 6.Ot 12cyrt.f; 11/) 5/70 30,000 S. 3515, liX 114 0/211/711 1201,000 G/ GSA. tio,14.1; 2/15/70 ).101000 6.21 a Ex lbJ 0/02/77 1.12$000 G. 0751.1 1iOW'ff; f,/15/77 83,titiii 23,000 7,.50t 1tU'Pi:.". 0/1.5/76 105,000 6.!',U$ 1dU'!'i:13 5/15/76 02,000 7101.1 f3p1'J:1S 12/31./75 10,000 0.:3751 1dt1;t'I51, 9/30/75 100,000 G. Ot lip'1'1:f; 5/15/75 200000 11Y1.1's 1/14/75 ' 51000 -- 13x1,1.11, 12/17/74 20$000 UYL1.t+ 9/7.4/74 100, 000 N- 11x141.1; 7/30/74 CO1);: t .w«+r G1117% PC « i'.avetJl7:ion'. 11oxt(poo Annociation 1'ul•t.�ci.7�.:tffj:, tc•r.f,j.:ac:rc{:•::ts lt�,ii)1; - U1tS � �'ct 15c � '•. r... � r^a:r:ss)'y i5r}s+c:ts . !10';5115 tlrxt:;7 1;111{11.11 5'r�ssstlr.;� 1i�aic•ls 1)9.Iri,� •- UtiSt:ci ;t5t�ts:t; '17'rns;tir.•y 1Si.l.ls lix IN Export -"Impart - Bank. of 11»ited St4tcs VE C,I,,,I "11 — j��.,,a ..,, <•of+r..+<•I/f' Mf ff/, •I ty n.:YP.,.:..'d"�il�rc<.a J/..��ia n• - . City Council City of Kenai Kenai, blaska - �—�•""'—=-•—.-...aeu iJJi�irsdww�+.i•a,.==itid�Yll4llri•I. II. I- _ _ BANK INVC<SSTMENT DIVISION ION At the present tines, the City of Kenai has outstanding: $4,095,000 Caneral Obligation Bonds, the crmposi.tion of which is described in greater detail on cite accompanying "Plan and Proposal. for. Refunding". The City Council iK Empowered to refund existing bonds which at the,time of refunding are not eligible for prior redemption. Such a refunding is accomplished throu€b the purchase of a cash flow secured by U. S• Treasury and/or Federal Agency securities which are non -callable. This cash flow is purchased from the proceeds of the Refunding Bonds and from other available funds, according to a pre -determined sehoAule, in aeffiriont amn+mta to pay prlreipal and intorpat nn tho hn"da rof++ndod, We have made a detailed study of your outstanding debt, and we believe that the Bonds dated 4-1-70, 8-1-70, 1-1-72, and 10-1-72, can be refunded at the present time i affecting a substantial savings to the .City. Therefore, we offer the following pro- ` ... _ posal for your consideration and acceptance; 1. For $/, 0 6,0 0,0lpar value of the City of Kenai, Alaska, G. 0. Bonds, dated 4-1-74, we will pay you the full par value thereof, plus accrued s interest from 4-1-74. The refpnging bondp will mature and boar interest as set forth on Proposal of the accompanying "Plan and Proposal for Refunding" which by reference is made an integral part hereof. The refunding bonds will be in $5,000 dunaminations and the first interest coupon will be due 7-1-74, 0 N 1001 FOURTH AVENUE / P, O, BOX 3500 / S@ATTLC, WASHINGTON 98124 / TELEPHONE (200) 683.3472 i I i eattle•Firut Natrunni ltonl: �_. ..- � � .�.. .... __. ___,_,__r- .. ,,,, , 2. We- will pay all Of the alit -Of -pocket Costs of the City rejaed to thlu i refunding including, but not limited to; A. Attorney's fees paid to Bond Counsel retained by you. U. Bond printing costs. fC. Fee paid to the Escrwu Trustee. 3. In addition ere will at our expense engage a certified public accountant 1 to verify all proposed transactions of the Escrow. 4. We will cell to the City the cash flaw secured by U. S. Treasury and/or Federal Agency securities and the beginning cash balance necessary to i establish the refunding escrow account which will pay the principal and Interest on the bonds being refunded foreman amount equal to the par pro- ceeds of the Refunding Bonds ($40500-00), plus secured interest on the bonds being refunded frons their last interest payment dates to the date of closing, •pia -.— Assuming a closing on 4-1-74, the City will pay to Seattle -rust National Bank for the cash flow secured by U. S. Treasury and/or Federal Agency securities and beginning cash balance the following amount; ' Par proceeds of the Refunding Issue O ODO , ' 7 1 Interest accruing from their last interest payment date to the date of closing on the bonds being refunded(assuming a 1 - s 4-1-74 closing) 379916.4 Bond Fund Cash used to reduce principal O Total funds paid by the City for the U. S. Treasury and/or Federal Agency securities and beginning cash balance (assuming a 3-15-74 closing) �4Os%'%/(v.�� J 0 L �. �eattlC•1'lrrt IJutiunal tJntlls i Tile total ental"111ted cof;t to Nenttle-Mvit i'iatconal batsk for the 11, g. ,•-a Trenwry awl/or federal agenrcy vcrllritlen, bfIylnning w1t4h 1,*01111gee, and • the expenaea incident to the refunding, asaulaing a clooing on 4-1-74, in $4,002,826.20. It is expressly underotood by the City that the above entImated coats and expenaea to Seat tle-Virst National hank are for information purponen only and that the required obligntiona and expensco incident to the Refunding may coat uamore• or lfsss than the above stated amount and auch gain or lona shall be absorbed by Seattle -First llatLonal Bank. It is also mutually agreed that Seattle-yir nt Vational Sank is acting; as principal (not agent) on the purchase of the refunding; bands and i on the sale of the U, S, Treasury and/or Nedc:ral Agency securities. (At the tfide our proponalo were presented to the City, our re -offering scale included a 1 -point gross operating profit,) ' g. Thio proposal is subject to: At the closing we shall receive (i.) a non -litigation certificate to the effect that there is no litigation or other proceeding pending or threatened ' to restrict or enjoin the issuance, ante or delivery of the Refunding Bonds k or in any way questioning or affecting; validity of any provisions of tiler i lsaid Refunding; Bonds, and (i[�i) the opinion of nationally recognized` II ` y � (Ma �e�wsr dsl�.': e p I'/L(Y,si:,V� Mt.�L/L/1Ja�•v ✓ff�1j// i..�.l f" /1B��lgn/ .ir•1il7LP� GSA. j Municipal Mond AttorneylA approving the legality of the Refunding Bonds and the validity of their issuance and stating, that interest thereon in -J1 exempt from Poderal income taxation under exi.ati.ng laws and regulationa, and establishing that the bonds are not arbitrage bonds. Roopoctfully submitted, SF,ATTLE-FIRST NATIONAL DANK E, A. Hdlnunds Investment banking officer This proposal its hereby accepted for and on behalf of the City of Kenai, Alaska w r f - l�SoAfIla.,f�lrot lJntiurral Itru;h a ' yarfiff at tip r+i1tigoriztctlr,ts by fco goverr►luy, body th;f, l dny of /44 A 'tl , 1974. if Tim, City rf-r,E-rvwt tiwr s'9.ght.,; of kt, jf'ftill-re are i Ony complit at ion vrrorst or legal rrrom thc: } and colinc a I, r i YEAR ENDING PRINCIPAL < 12-30 UUI: 7-1. (30,319-54) 1974 115,000 47)0.1.53.7S 3975 175,000 (33,453.75) 1976 200,000 435,363.75 1977 211(), (5(10 27,988.75) 1978 2'2..',,00(1 1979 230,000 1980 245,000 1981 265,000 1982 170,0(10 1983 580,000 1984 190,000 1985 195,0()0 1986 210,1100 1987- 220,000 1988 235,000 r 1989 245,000 1090 2600000 1991 240,(100 _ 1902 250.000 • �4,U5U,UU� . 7 CITY OP FUNAI KENAI. ALA,;YA PLAN P 11ftbly05AI, 1100 I411,1FUNDING REFUNDING 1,00NO.5 IfA'1'1sl) 4-1-74 IN'1'E'RUST 550998.12 2150330.00 205,4 ,0.00 194,45(1. 00 193 p017. 50 170,505.00 1570580.00 143,967.50 1.",0,1100.00 121,957.50 9.12,420.00 102,526.25 91,600.00 80,070.00 67,775.00 54,272.50 40,100.00 25,280.00 11,062.50 iT AT, itisl-UND INN Itlf�ll rla1;;!Ir;N�P�: 170,998.1.2 390,330.()0 405,4 30.00 mm 4 -10. uo 408,017.50 400,:505.00 402,5110.00 408 p967. 50 300,13{10. 00 30x,,957.50 :102,420.00 297,,26.25 301,600.00 300 070.00 302,775.00 299,272.50 .500 , ] (10.00 26:1,280.00 261l1(� 1�,9.13,921.1T EXISTING DFUT INCREASE ItL'OUlItisi.tt'st1't' i (I)I.CREASM) 2010.3155.66 (30,319-54) 433,638.75 (43,308.7S) 47)0.1.53.7S (3(),723.75) 427,1163.75 (33,453.75) 45996113.75 (310601.25) 435,363.75 (34,858.74) 430,508.75 27,988.75) 435,(113.7S 26,046.25) 297,307.50 2,9 32.50 2913, )36.'2.5 3,67,1.25 Z9(3,417. S0 4,002.50 292,77.5.75 4,552.50 301,293.75 .306.25 298t625.00 19445.00 299 iS955, 25 2,878.75 2515,416.?.S 3,856.25 295,138.75 4,961.25 265,006.25 273.75 260 1.50.00 7-6i 912.50 1 Y , I i • . r t r f 11 4k5 � "•� b :...,� Z, n Aq W1 nATC 1st 3.!711 � i 4 0/411: PPfMIPAL COUP0t; tisTrevrlf TOTAL 111TERC57 TOTAL PAyl4gtlT 7! 1/19711 11S^isa 5.1;/1'?0 ;ij 1'10.12 5599Q.2?. 1789.10.1?. 4�J, . 1 "c..ri4s 1/ !/s?7y 7/ 31197°; 115`1`10 908.0.- 5„�rs0 5,5+sl0 2{►ii°:;1,711 2061190.95 9.15,3',0.0() ^'• 39,0330.00 i y i 1/ 1/1976 7/ 1/1176 950')0 20;0'11)- 5.5001 5*51100 1411071.n 107hr.1.75 205430.00 7/• 405430.00 (76+,96.%.~7i� 1/ 2/1777 7/ 1./1`1'/7 4;400 1r)+n6l- 515-904 5.r,{,i:n 7..-5 '1'.'57`1.7, 2!f 111130.0,0 ►, 3910130-00 1/ tri l/%!110961 ii",01)9• 5.ti'tIn 5. M11 �3{s?1.,"•J r, ,n.sr,?.5 143417.50 -1s1 1$03017.50 1/ 1/1179 7/ 1/1479 111;')11'1 111;4(14- 5,Y,;7[,n 5.;11.31 80.111.75 !%3)/71,>5 170905.00 7y 400505.00 3�i 2JP , `/S) 1/ 1/19110 7t I/1930 11501;0 I9,n1s0A 5.5168 5.511'sa Ro5n11,75 77471,95 157;80.00 �. UA2530.00 { x? 7, ?iY.';5) IJ 1!1'1111 7/ 1/11'1 131/100 17;000 5.;1)10 5,1;nr)0 73771.95 7t+?•►r,,9'j 1111957,50 448967,50 5� 1/ 151?Y1;! 1:1'5/(}15,1111;0 .71 7/ 2/1;)",!Pvitl0� (,.Ioao /4316.25 230800.00 97 300800.00 1! 1/1933loom 5.2.000 671111t.75 - 7J 1/1913 945;00 511,7000 5`1600.75 121957.50 P 301957.50 a /+l. r, .25 1t 1/110 1 7/ 1/1374 95()00 WO- 5, ono i 1 r , r 5740.75 1; .?5 I121470.1)4 302420.00 y,dot 3o G ° I/ I/ljs 5 7t 2/19'15 45non 100004• 5,3540 5,151)0 ;?,1}1'3.75 1t;)f397.5n IA23?.6,25 "1 297320.23 � �fiSs2,�© k' 1/ 1I19(16 11) 000 5.110!1)1 47217.50 7J 1/1786 105010 5,1100!3 1;11382.50 51100.00 r• 301600,00 .Soti,•i3" 1/ 2/1107 1100.30 5,5000 415117.50 } 511.51,00 7/ 2/190 7 22an0A , .5040 34522,50 81),070.00 /1 300070.00 � 2/ 1/19aa 7/ 1/1930 115044 27.0000 5.60na 5.60+10 35497.50 3?277.50 67775.00 r 302773.00 i .2,T7F,75 1/ 1/1419 7/ 2/1939 19.0000 5.7100 5.7010 96917,50 2355.00 54272.50 i9 294272.50 1/ 1/1990 130000 5.11,00() 21935.00 •1f' y 7/ 1/1990 1300,00 5.0000 18161,1.00 40100.00 300100.01) 1/ 1/1991 7J 1/1991 , 190000 12.0000 5.3500 5,0500 14395.00 lo"5.00 25280.00 )1 265940.00 0/7.51.75 1/ 1/1992 125000 5.9000 7375,00 y ` 7/ 2/1992 225000. 5.900() 3687.50 21062.50 14 261062.50 S a• www.... .. ------------ wiw---------- � TOTAL 4050000 2163921,87 6223921.07 ?.2e sa1,2`/} j t t t 1 Y , I i • . r t f f 11 4k5 � _' �erzui �U/rtllzul2lEy .Li�Tu2t,, �i2c. f A PUBLIC LIBRARY IN SRRVICe 51"CE 1040 i BOX 157 -! KENAI• ALASKA 99611 20 March 1974 To: Mayor John Steinbeck, Members of the Kenai City Council, City Manager George flavarre Proms Board of Trustees, Kenai Community Library Res New Library Construction We should like to instigate the necessary formalities for th4 early construction of the new library as the initial stage of Kenai Community Center Complex from a portion of the funds a1 from Proposition No. 1 General Obligation Bonds approved by i voters May 259 1971. We estimate that the total project will amount to around $351 for a single level structure of approximately 59000 sq, ft. projected costs ares Cost of building 82509001 Furnishings & library equip. 45,000.00 Carpet 100000.00 Architect & Engineering fees 259000.00 Contingencies 20,000.00 100,000.00 Projected total cost 3509000:00 Some monies have been, or will be, acquired toward this construc- tion, We have a State of Alaska library grant of 845,000.00 for furnishings and library equipment from this past fiscal year, and this must be committed prior to June 1, 19749 or be returned into state coffers. There is a verbal grant of another 845,000.00 from the Federal government for furnishings and equipment. The Kenai Library has assets of 87,400.00 also allocated for furnishings and equipment on which there is interest to December 1973 amounting to $175.00, and anticipated interest to June 1974 of $100.009 or more specificallys Projected total cost 83509000.00 State of Alaska grant 459000.00 Federal grant 459000.00 Library assets 79400.00 Interest to December 1973 175.00 Anticipated interest to June 1974 100.00 7.675.00 97.675.00 Balance from bond monies $252,325.00 F .I r page 2 20 March 1974 I The suggested sit located in the vicinity of Heaver Loop Extended and the present Court House, as proposed in the earlier plans for the community center complex, is an agreeable choice. With City Council approval of the above proposal, we should then like to continue with your recommended procedure for bonded construction. We appreciate your consideration, and will await your decision. Nedra T. Evenson, President Board of Trustees a For City Council i.eetirp, of 3-20-74 The Jollo.:ing ara dirbur:cmcnt. ow:r $500.00 ubich nc•cd Cour.::il approvals VEND01, Ab:OUNT P. O. f OrCC?tIPTION ARTHUR YOUNG L CO. ;2,621.00 none 1973 Audit -Printing L Xcrcx costs McKee Janitotial 1,340.46 none March Services per contract Seattle Trust ],200.00 rone 1969 GO Bond payment Seattle Trust ?1,743,75 none 1970 Go Bond payment NBA 28,856.88 none second series 1972 GO bonds Food7oi:n 517.97 various January 6 February invoice mostly TV dinners for P. D. Bullocks Trucking 750.00 none winter strorage per contract Marathon Oil co. 6,797.93' none 1/2 Febuary 174 gas Union oil company 6,519.25 none 1/2 February'74 gas IBM 842.20 none monthly rental mag card quarterly rental other equip. I supply invoice Glacier State Telephone 1,607.99 none tolls h current charges Items to be ratified DOYLUS FUEL SERVICE 1,096.85 none 011, b gas for city for 3-7-74 State of Alaska 879.00 none reimbursement of funds mistakenlyy deposited to City acct. (slt have went to Dept. Revenue trust acct) Johnston Jefferies 518.50 none for 2 public defender bills h8A 100,000.00 none TCU Dept Fish 6 Game 2,406.75 none commercial fish licenses Oberts Insurance Co. 1,121.37 none balance duo on account TO . George A. Navarre, City Manager FROM : David T. Chen, Finance Director DATE . March 11, 1974 SUBJECT : WINCE, CORTHELL $ ASSOCIATES ASSESSMENT BILLS $ 2,113.00 759.00 2,872.00 Two bills for assessment services performed by the engineers were originally presented as $2,3S1.25 and $759.00 respectively. Wince, Cor ell & Associates agrees to reduce the amount of one bill from $2,351.25 to $2,113.00, which covers the December services, (correspondence attached). It is recommended to pay Wince, Corthell & Assoc. $2,872.00 for their assessment services of December and January. r IV1T. Chen lFinance Director ` -� DTC/dl kReference No. FNM 74-0018 yr .� cc: Council agenda - ��..�! _ � !`1113' `�• S " y f f March 8, 1974 '14a7or John Steinbeck I P.O. Box E8 Kenai, Alaska 99611 Please accept my resignation effective immediately from the Mayor's Cormittee on Bud^et, audit, and rinrnce. No one'in- st¢nce has Dronpted my resi?nation, however I do feel strongly that the Corittee has no effectiveness whatsoever in advising the Aenai City Council regardin,7 the financial affairs of the City an,.,' that the Committee has been retained :nerely for the purpose of public an.e-rance. Sin;eeely, ��it Dan A. "sjhelan dc: Arthur 3vans,, Chairman we 0 !March 8, 1974 Mayor John F. Steinbeck P. 0. Box 68 Renal, Alaska 99611 Dear Mayor 3teinbeck: Please accept this letter as formal notice of my resignation as a member of the Mayor's Committee on Budget, Audit, and Finance, effective immediately. This decision is not based on any one specific incident or reason. I have for sometime felt the effectiveness of this committee has been deteriorating,and until such time that a clear-cut decision can be rendered setting forth the committee's specific duties and objectives, and establishing open communications between it and the legislative and administrative bodies, the usefullness of such committee has doubtful value. But perhaps of greater importance, I feel continued existence of such a committee in its present state is a subterfuge on the citizens of the community. I personally feel the members of the Mayor's Committee on Budget, Audit and Finance are a capable and dedicated group of citizens, and it has been my privilege to serve With them. Respectfully yours, leo ?i.0 .. -1.,.v�t... Evans m e� 'a'�,:-- - - WINCE • CORTHEII & ASSOCIATES CONSULTING ENGINEERS to. !o■ 3.394 274.1043AN;H MOR 99501 ALASKA D March 11, 1974 Our Job #73-1 City of Kenai P. 0. Box 580 Kenai, Alaska 99611 Project: Kenai Airport Security Fencing ADAP No. 8-02-0142-02 AK I.D. No. 73022203 Dear Sirs: - Please consider this Invoice in the amount of $6,000.00 as the initial payment for basic engineering services to accordance with Section B-1 of our agreement for Engineering Services dated July 25, 1973. certify that the above charges are true and correct and that payment therefor has not been received. ` Sincerely, WINCE - CORTHELL S Assoc. LJ Frank W. Wince, P.E. FWW/swc n c CZE co ARTHUR YOUNG S. COMPANX 7307 STREET ANCHORAGE. ALASKA 99501 March 7, 1974 Mr. George S. Navarre City Manager City of Kenai Box 580 Kenai, Alaska 99611 Re: 1973/74 Independent Audit Report Dear Mr. Naverre: In response to Mr. David Chen's request for an approxi- mation of the 1973/74 audit fee we have reviewed our proposed budget of the work to be performed and estimate the total charges to be •$15,500 to $17,500. Our estimate includes travel and per diem costs as well as typing and reproduction expenses. r.., It is difficult to make any firm commitment with regards to total charges since it is based on the amount of time involved. Discussions with Mr. Chen indicate that certain costs included in our estimate pertaining to typing and clerical functions can be performed by his staff. In that event, the audit cost would be reduced accordingly. We are looking forward to serving the City of Kenai as auditors and am certain that a mutually satisfactory contract for services can be reached. CUB:er Very truly yours, ARTHUR YOUNG & COMPANY C4iVe M. -Sherwood I_ 41 lus -4 A O ;; n ! KENAI PENINSULA B09OUGII _ PLANNING DEPARTMENT ALASKA DEPARTMENT OF HIGHWAYS' FIVE YEAR CONSTRUCTION PROGRAM JANUARY, 1974 THRU DECEMBER, 1978 SYNOPSIS OF PROJECTS WITHIN THE KENAI PENINSULA BOROUGH The Alaska Department of Highways has changed their format last year for preparing the five year program and generally do not list pre- liminary engineering, right-of-way and utilities as separate programmed Items as before; but, list projects in the year they are expected to go to construction. Therefore, we are not able to give as detailed Information as in previous years. It should also be noted the five year program contained the following foreword: "It should be noted that this projected program is based on the assumption that Alaska will receive Its full yearly apportionment of Federal Highway Funds. At thio time, however, the Federal Office of Management -� and Budget is withholding a portion of the Highway Funds authorized by Congress. If these funds are not released, there will be no alternative but to delay projects as necessary to stay within funds available." i 4 Somer & Vicinity Estimated Programmed Cost Calendar Yr. Homer East End Road - 7.4 miles - Lake Street to Fritz Creek - Reconstruct on existing alignment, grade, drain and gravel $1,000,000 1974 (1972-77 programmed for I $3,622,000 in 1975 & 1973-77 i programmed for $4,850,000 in 1975 to include paving) Homer East End Road 7:4 miles - Pave $1,500,000 1975 V • Page 2 i Homer & Vicinity (continued) Homer By -Pass - 1.7 miles - Grade, drain and $1,480,000 1977 pave (1972-77 programmed for $1,320,000 in 1976) Kenai-Soldotna & Vicinity Kenai River Crossing - 3.3 miles - new construction and pave - construct bridge under construction Kenai Spur Road - Spot reconstruction- grade, drain and pave at vkrious locations $1,250,000 1975 The following project was shown in the 1972-77 program but has not been Included in the 1973-77 or 1974-78 programs. r- Cohoe Road - 5.8 miles - Pave existing $425,000 in 1977 I Seward & Forest Service Area Schooner Bend to Kenai Lake - 5.0 miles - Improve shoulders, drainage and pave $1,0500000 1978 -� No projects were listed. for the Seward -Forest Service area in the 1973- 77 program and other than the Schooner Bend -Kenai Lake, none were listed •± in the 1974-78 program. However, the following projects were previously listed as shown. _I 1972-77 Program - Seward to Salmon Creek _ 5.0 miles - Pave existing route - $500,000 In 1973 j 1971-76 Program - Mile 50 to Silvertip - 10.7 miles p Preliminary engineering, right - ,of -way and utilities to commonce between 'r J1971 and 1975; but, no year programmed for construction u F J ' €I � I k. f • Page 3 j Seward & Forest Service Area (continued) • 1971-76 Program - Bertha Creek to Ingram Creek - 9.6 miles - Preliminary engineering, right-of- way and utilities to commence between 1971 and 1973; but, construction was not programmed in the 1971-76 schedule; however, in the 1970-73 program it was scheduled for $2,000,000 construction in 1975. This list contains only those projects within the Kenai Peninsula Borough. The statewide program is available for review in the Borough Planning Department Office and the Central District Highway Offices in Anchorage. cc: Assembly Planning Commission Borough Mayor. Finance Director Assessor • Maintenance Director Capital Improvement Projects - OEDP Homer City Manager Kenai City Manager -- Seldovia City Manager Seward City Manager Soldotna City Engineer �. Cooper Landing Community Club I � r �l f � 7 0000000 - ND, J P- uPISLATIVE ACTION "YOUR MUNICIPALITY HAS A BRANCH OFFICE IN THE CAPITA!" LEGISLATIV2. BULWTI? *10«9 "larch 18, 1974 INDEX (please refer to previous bulletins for bills -not lasted on this index) NO=, BILLS HB 157 State Shared Revenues 72-76 HS 363 *.later and Sower Loans 76 HS 445 Land Dedication 67-72-76 3B S05 Extraordinary Impact Services 50-51-54-58-63- SB 415 industrial Incentive Act AfOr 67-72-76 HS 506 Extraordinary Services Appropriation 72-76 H9 682 Public Recreational Sites 65-67-72-76 HS 692 Highway Transfer 67-72-76 HS 694 Base Instructional Unit 67-72-76 RS 695 municipal Bond Sank Authority 67-72-76 HB 697 !Wnicipal Utility RequIttion 68-73-76 FM 705 School Construction Indebtedness 68-73-76 F.8 706 School Construction Indebtedness 68-73-76 HB 709 Official !Raps 68-73-76 HH 711 State Port Commission 68-73-76 HS 714 Agricultural Land Classification 68-73-75 HS 722 Public Officials Conduct 68-73-76 HS 726 Public Employment Relations Act 69-73-77 09 737 Fire Training Center 69-73-77 HS 738 Business Licenso Tax 69-73-77 HB 741 Public utility Advertising 69-73-77 BB 744 Taxicab Licensing and Regulation 69-73-77 RS 7S0 Taxes for Bond Payments 69-73-77 House Committees SEWATE SILLS SSS0345 Borough Service Areas SB 350 Port Facilities Construction Grants SS 351 Port Facilities Development SB 382 Pipeline Impact Agency CSS9388 Election Campaigns CSSB390 Bond Bids SB 336 "orkmen's Compensation SS 413 Oil and Gas Taxes SB 415 industrial Incentive Act AfOr .en MM" w 1-2 65-77 57-61-65-66-69- 73-77 57-61-f6-74-77 62-66-70-77 74-78 78 66-73-74-78 70-74-78 70-74-78 k v SENATE BILLS (CONTINUED) SB 423 Alcoholic Rehabilitation 70-74-78 SB 428 Farm Use Land 70-74-78 SB 432 Fire Training Center 70-74-78 SB 442 Paramedics 70-74-78 SB 453 P E R S 71-74-78 SB 45S Municipal Property Taxation 71-74-78 SB 455 School District Judgements 71-74-79 SB 457 Boarding School Costs 74-79 SB 460 Administrative Regulations 75-79 SB 463 Utilities In'Lieu Payments 75-79 SB 464 State Equipment Transfer 7S-79 SB 471 Public Employment Relations Act 79 Senate Committees 4-5 r2�*, 1 = • f - =1 o F 1 f _ 1 � i i r i r2�*, !s 6 W - l; I LEGISLATIVE BULLETIM NO. 9 HOUSE BILLS Page 76 HB 157 State Shared Revenues - Has received no further action in the Rules Committee. HB 363 eater and Sewer Loans - This bill has received a "do pass" recommendation from the Judiciary Committee and has been referred to the Finance Committee. HB 445 Land Dedication - Testimony was presented on this bill last week and it now appears as if the Judiciary Com- mittee will report this bill out in the near future. HB 505 Extraordinary Impact Services - Has received no further action in the Finance Committee. HB 506 Extraordinary Services Appropriation - Has received no further action in the Finance Committee. He 682 Public Recreational Sites - Has received no further action in the Finance Committee. HB 692 Highway Transfer - Has received -no further action in the Finance Committee. HB 694 Base Instructional Unit - Has received no further action in the Health, Education and Social Services Committee. 9B 695 Municipal Bond Bank Authority - Has received no further action in the Community and Regional Affairs Committee., HB 697 fiunicipnl Utility Regulation - Has received no further action in the Commerce Committee. HS 705 School Construction Indebtedness - Testimony was presented on this bill last week and we should get a favorable re- port from the-Cormmunity and Regional Affairs Committee this. week. HB 706 -School Construction Indebtedness - This bili has been tabled in the Community and Regional Affairs Committee. HB 709 Official soaps - Has received no further action in the Community and Regional Affairs Committee. HS 711- State Port Commission - Has received no further action in the Commerce Committee. HB 714 Agricultural Land Classification - Has received no further action in the Resources Committee. HB 722 Public Officials Conduct - Has received no further action in the State Affairs Committee. F_ .i LEGISLATIVE BULLETIN 1-O. a p In Page 77 HB 2G Pub c _.mployment Relat ons Act - as VW no further action in the State Affairs Committee. HB 737 Fire Training Center - Has received no further action in the State Affairs Committee. HB 738 Business License Tax - Has received no further action in the Commerce Committee. HB 741 Public Utility Advertising - Has received no further action in the Commerce Committee. HB 724 Taxicab Licensing and Regulation - Has received no further action in the Commerce Committee. HB 750 Taxes for Bond Payment - This bill is still in the Finance Committee and is being constantly revised as more and more input is received from local governments and bonding people: Something will probably come out this weed:. SET -TATE BILLS SSSS 345 Borough Service Areas - The sponsors substitute bill adds a provision that the exercise of additional powers by a service area in a 2nd Class Borough must be approved by a deal majority vote., The substitute bili has been referred to the Community -and Regional Affairs Committee. SD 350 Port Facilities Construction -Grants - Hearings haves been held on this bill during the past week and it now appears as it the'Finance Committee will report out a bill which will he much closer to the original bill than that recommended by the State Affairs Committee. SB 351 Port Facilities Development - The Finance Committee is going to recommend the original $20 million rather toan X25 million by deleting the Cordova project and the $3.S million discretionary fund recommended by the State Affairs Committee. SS 38 *Pipeline Impact Agency - A substitute bill has received a "do pass" recommendation -from the Community and Regional Affairs Committee. The substitute bill provides for ' (1) Formula Grants based on the formula originally proposed by the Administrations (2) Dis- cretionary Grants;.and (3) Capital Improvement Loans. The bill has been referred to the'Finance Committee. F LEGISLATIVE BULLETIN 11O. 9 Page 713 CSSB 388 Election Campaigns - A substitute bill has received a "do pass" recommendation from the House State Affairs Committee and has been referred to the Judiciary Com- mittee. The substitute bili provides for the creation of a public disclosure commission. CSS8390 Bond Bids - Introduced by the Community and Regional Affairs Committee, this bill prohibits any person who provides financial programming or marketing assistance to a political subdivision in connection with the issuance or sale of bonds or bond anticipation notes may bid on the bonds or notes if offered at public sale or negotiate for their purchase if sold at a private sale. The substitute bill has received a "do pass" recommendation from the Community and Regional Affairs Committee, and has been referred to the Finance Committee. 88 396 Workmen•s Compensation - This bill passed the Senate 18-00 3/15/74, and will be sent to the House for its consideration. SB 413 Oil and Gas Taxes - nas received no further action in the Community and Regional Affairs Committee. SB 415 Industrial Incentive Act - Has received no further action in the Commerce Committee. SB 423 Alocholie Rehabilitation - Has received no further action in the Finance Committee. SB 428 Farm Use Land - Has received no further action in the Community and Regional Affairs Committee. S8 432 Fire Training Center - Has received no further action in the State Affairs Committee. SB 442 Paramedics - This bill passed the Senate, 19-0, 3/12/74 and has been referred to the House Health, Education and Social Services Committee and Judiciary Committee. SB 453 P E R S - Has received no further action in the Finance Committee. SB 455 rlunicipal Property Taxation - A substitute bili has received a "do pass" recommendation from the Community and Regional Affairs Committee and has been referred to the Rules Committee. The substitute bill provides that in the case of permanent cessation of business, the assembly may provide for reassessment of business inventories using the average monthly method of assess- ment for the tax year rather than the value existing on January 1 of the tax year, and for reduction and refund of texas. A LEGISLATIVE BULLETITY WO. 9 PV.cre '7^ SS 456 School District Judgements - Has received no further action in the health, Education and Social Services Committee. 88 457 Boarding School Costs - Has received no further action in the Health, Education and Social Services Committee. SB 458 Taxes for Bond Payment - Has received no further action in the Community and Regional Affairs Committee. 88 460 Administrative Regulations - Has received no further action in the State Affairs Committee. SB 463 Utilities In -Lieu Payments - Has received no further action in the Community and Regional Affairs Committee. SB 464 State Equipment Transfer - Has received no further action in the'8tate Affairs Committee. SB 471 Public Emaloyment Relations Act - Introduced by the Finance Committee, this bill repeals the Public EAployment Relations Act but authorizes the state or political subdivision to enter into Contracts with labor organizations whose members furnish services to the state or political subdivisions. The bili has been referred to the State Affairs and Finance, Committees. _ CITY OV KENAI ALASKA , BUDGETARY REPORT - i�mowrit ENDING 28 February, 1974 (Fiscal Year 19igln TABLE OF CONTENTS f PAGE (a) i. BUDGETARY SUMARY a ' d Ii. REVENUES (Detail) 3 1. General Fund.....................................................................i 2. AirportFund.--* ................... 3. Water/Sewer Fund.....................................................................4 EXPENDITURE'S (Detail) 1. Expenditure SuLimary (By Department).....................................*.........5 6 , 2. Communication Centet.:...............................................................7 3. Legislative..........................................................................8 4. Shop..................................................................................9 S. Judicial/City Attorney..............................................................10 6. City Administration...... ............... ............. .................. #.II 7. Deportment of Revenu6.............................................................r.12 8. Finance Department ..... ............ .................... .........f................,..13 9. Police Department...................................................................14 10. Fire Deppartment...:...f.............................................................is 11. Street Pepartment...................................................................16 it. Building inspection.................................................................17 18 ' 13. Health Center....................................................................... 14. Fort Kenny....................................................%.....................19 IS. Library ...... .............................i.......f..f.f.....fi...ff.t......,..i.i..29 16. Recreation..........................................................................21 17. Fina Arts...........................................................................22 18. Council on Aging ....... ......... ...............}..........,..,.....,.,,..,..........23 19. Non-lfepartmental....................................................................24 20. City Engineor/Public Works..........................................................25 21. Airport.............................................................................26 �r7 �. � 22. Naterj.�leMer......................................r..........,...,......r...r...r.... 1 1 1 1 .i 1I■1 Jill I MEI .. ........ CITY OF KENAI, ALASKA OPERATIONAL BUDGET REPORT SUMMARY MONTH ENDING FEBRUARY 28, 1974 (Fiscal Year 1973/74) I. REVENUES - Total revenues, (all funds), 771 collected. Excluding interfund payments, 74% collected, 7% above the average, (671). A. GENERAL FUND - Total 80% collected. 1. Taxes - 91% received. 2. Licenses/permits - 66% collected. 3. State/Federal Shared Revenues - 771 received. 4. Service charges - 89% collected, 22% above the average. S. Other revenues -561 collected. 6. Penalties/fines - 72% collected. 7. Rents/leases - 115t collected. 8. Non -revenue receipts - 67% collected. B. AIRPORT FUNDS - Total 81% collected, (excluding transfer from fund balances). 1. Terminal Revenue Fund - 92% collected. 2. M/0 Fund - 69% collected. In comparing this with previous months, there is a 101 improvement in collection. 3. Land Fund - 79% collected. C. WATER/SEWER REVENUE FUND - Total 711 collected, 4% above the average. -a- a 'I II. EXPENDITURES - Total appropriations, (all funds), 74% expended and encumbered, 6% over the average and 3% under the total revenues collected. A. GENERAL FUND - Total 71% expended and encumbered, 41 over the average and 9% under the revenues received. 1. Communication Center - 68% expended and encumbered. The budget of this department is under control. 2. Legislative - 96% expended. "Advertising" account overspent due to large legal advertisements including assessment ordinances, public hearings, etc. 3. Shop - 72% expended and encumbered, S% over the average. 4. Judicial/City Attorney - 48% expended and encumbered: S. City Administration - 6S% expended and encumbered, 2% under the average. 6. Department of Revenue - S9% expended and encumbered, 8% under the average. The Department observes the budget very well. It appears that the "Communication" account was underestimated.. 7. Finance Department - 63% expended and encumbered, 4% under the average. 8. Police Department - 65% expended and encumbered, 2% under the average. 9. Fire Department - 67% expended and encumbered. 10. Street Department - 70% expended and encumbered, 3% over the average. Increase of expenses due to snow removal operation. 11. Building Inspection - 66% expended. 12. Health Center - 82% expended, 15% over the average. 13. Fort Kenay - 63% expended. 14. Library,- 67% expended and encumbered. 1S. Recreation - no continued expenses. -b- -c- f a .i 16. Fine Arts - Overspent the budget by $57. It appears that the utilities account is quite short. 17. Council on Aging - 60% expended and encumbered, 7% under the average. 18. Non -Departmental - 79% expended and encumbered, 128 over the average mainly due to a large sum of debt payments paid. 19. City Engineer/Public Works - 488 expended. i B. AIRPORT FUNDS - 938 expended and encumbered, 268 over the average mainly due to the transfer to General Fund. C. WATER/SEWER REVENUE FUND - 818 expended and encumbered, 148 over the average mainly due - to the transfer to General Fund. III. SUMMARY 1st. 2nd. 1st. 4th. ACTUAL MONTH MONTH QUARTER MONTH Revenues $ 187,860 $ 371,140 $ 509,072 $ 592,476 �. Expenditures -114,954 -218,694 -34S,083 -489,128 Surplus (deficit) 4i Y•L,906 $ lSL,446 163,989 8 103,348 - Increase(decrease) 79,540 11,543 (60,641) Sth. 7th. 8th MONTH 1/2 YEAR MONTH MONTH . i Revenues $ 838,4SS $ 1,032,233 $ 1,404,S41 $ 1,S29,146 Expenditures -609,28S - 973,890 -1,348,798 -1,477061 ! Surplus(deficit) •L'L9,1`IU $ 58,34'3 � .SS,743 � bC,U8b Increase(decrease) 12S,822 (170,827) (2,600) (3,658) -c- f a .i This month again, shows a slight decrease ($3,658) of surplus. Hopefully, the City can retain $30,000 to $40,000 surplus at the year end. On the other hand, the City has returned a better cash position. The total cash on hand has been increased to over one million dollars. It is anticipated more cash returns in the next few months. Respectfully submitted, - David T. Chen Finance Director DTC/dl -d- p 1 l ! j � y I , F _ -d- Page 1 YEAR-TO-DATE ACTUAL REVENUE 453.861 114.019 7,034 37.563 23.881 636.358 304 1,682 335 244 6,011 8.576 17,995 10,875 14.800 133.621 1.088 -0- 178.379 UNCOLLECTED BALANCE 29.016 30,981 (134) -0- -0- S9,863 296 2,318 (65) (94) 1,989 4,444 20,OOS -0- (S,700)• 1.379 -0- 14.000 29.684 t I CITY OF KI:SAI, ALASKA BUDGETARY REPORT - MONTH ENUIUG 28 Februarv. 1974 FISCAL YEAR 1973/74 REVENUES - DETAIL ESTIMATC:D CURRENT MONTH REVENUE ACTUAL REVENUE I. GENERAL FUND Real/Personal Property Taxes (10.S mills) ; 482,877 (33,664) Sales Taxes 14S,000 33.664 Payment in Lieu of Taxes - Utility 6,900 7.034 Airport Payment In Lieu of Taxes 37,563 -0- Water/Sewer Payment in Lieu of Taxes 23.881 -0- TOTAL TAXES ! 696.221 7.034 Licenses/impound fees : 600 196 1., Building permits 4,003 -0- 0 -Taxi Taxi permits 270 10 Vehicle impound ISO S Dump fees 8.000 667 TOTAL LICENSES/PERMITS/FEES $ 13,020 878 State Shared Business Licenses S 38,000 -0- 0 - Fish Fish Taxes 1Q,87S -o- 0 - Liquor Liquor licenses 9,104 -0- 0- 00 " Conoral revenue 135,000 6S.348 i N N Amusement tax 1,088 -0- 0 - Utility tax Utility 14.000 -0- ' ` r TOTAL STATE SHARED REVENUES S 208.063 65.348 Page 1 YEAR-TO-DATE ACTUAL REVENUE 453.861 114.019 7,034 37.563 23.881 636.358 304 1,682 335 244 6,011 8.576 17,995 10,875 14.800 133.621 1.088 -0- 178.379 UNCOLLECTED BALANCE 29.016 30,981 (134) -0- -0- S9,863 296 2,318 (65) (94) 1,989 4,444 20,OOS -0- (S,700)• 1.379 -0- 14.000 29.684 t CITY 01: FLINAI, ALASKA BUDGETARY REPORT - W)Nill ENDING 28 February. 1974 FISCAL YEAR 1973/74 REVENUES - DETAIL Page 2 ESTIMATED CURRENT MONTH YEAR-TO-DATE UNCOLLECTED REVENUE ACTUAL REVENUE ACTUAL REVENUE BALANCE I. GENERAL FUND (continued) Federal Shared Revenue S 83.100 - 0 - 45.413 37,687 Service Charges - Dept. of Revenue S 23,200 69 10.449 2,75I Police/Fire Protection - Wildwood 85,000 -0- 63,750 21.250 Ambulance/rescue 2,500 591 5,512 (3.012) Other services 2.000 1.885 11,47SJ9,475) TOTAL SERVICE CHARGES $ 102.700 2,545 91-186 11.S14 - Interest earnings $ 92,000 2.962• 47.244 44,756 Other miscellaneous Revenue 8.009 222 10.737 (2.7371 TOTAL OTHER REVENUES $ 100.000 3,184 S7.981 42.019 Penalties/Pines - Court $ 18,600 1,048 13,056 5.544 Library 1.400 398 1,345 SS TOTAL PENALTIES/PINES S 20.000 .1 ,446 14.401 5, 599 Rents/Losses - Rifle Range $ 480 -0- 480 -0- Tidelands 9,750 -0- 2,790 (401 Others Soo 65 1,035 (5351 TOTAL RENTS/LEASES $ 3.730 6S 4,305 (575) j BUDGETARY CITY UC• KIMAI, ALASKA REPORT - Aom'1! l.NDiNG 28 February, 1974 FISCAL YEAR 1973/74 REVENUES - DETAIL Pose 3 ESTIMATED CURRENT MONTH YEAR-TO-DATE UNCOLLECTED REVENUE ACTUAL REVENUE ACTUAL REVENUE BALANCE , I. GENERAL FUND (continued), Special assessments ; 231,731 17.761 105.111 126,620 Council on Aging 12,646 5,550 6.696 5,950 L.B.A.A. Grant .0- -0- .0- -0- Airport Fund Transfer 144,489 -0- 144.489 N/$ Fund Fund Transfer 16.812 -0- 16,812 .0 - TOTAL NON -REVENUE RECEIPTS $ 405.678 231311 273,108 132.570 i TOTAL GENERAL FUND REVENUES $1.632.S12 103,811 1,309,707 322.805 II. AIRPORT FUNDS 4 Terminal-Rents/leases $ 44.000 5.198 40,666 3,334 M/0 - Landing fees $ 15,600 2,636 9,199 6.401 M/0 - Gasoline fees 6,500 -0- 4.928 1.512 11/0 - Rents/Leases 6.000 .0- 5,212 788 TOTAL MAINTENANCE/OPERATION FUND $ 20,100 2,636 19.339 8.761 Land Fund - Rents/leases $ 40,000 -0- 22,924 17,076 Sale of real property 42.000 -0-. 42,227 (227) I TOTAL LAND FUND f 82.000 .0- 65 ,151 26,849 • ! • t k •t i E E ' E ', '1 CITY OF KENAI, /I.ASKA BUDGETARY REPORT - DSuN771 FNDING29 Fnbrnarx, 1974 FISCAL YEAR 1973/74 REVENUES - DETAIL page 4 ESTIMATED CURRENT MONTH YEAR-TO-DATE UNCOLLECTED REVENUE ACTUAL REVENUE ACTUAL REVENUE BALANCE II. AIRPORT FUNDS (continued) Fund Balance $ 71.832 -0- -0- 71,832 TOTAL AIRPORT FUNDS s 225,932 7.834 125,156 100,776 III. WATER/SEWER FUND Water/Sower sales $ 130,000 12,896 92,690 37,310 Penal ties/interest 1,200 65 660 540 Permits 300 -0- S 295 Construction water charges .p. -0- -0- -0- Dumping fees/mist. revenue 1.500 -0- 928 S72 TOTAL WATER/SEWER FUNDS f 133.000 12.961 94.283 38,717 TOTAL REVENUES - ALL FUNDS $1,991,444 124.606 1,529,146 462.298 4' BUDGETARY IMPORT - MUNI'll ENDING 28 rchruarv. 1974 ' EXI'CMUITURES SUMMARY (By Departments) PAGE DEPARTMENT BUDGET CURRENT MONTH EXPENDED YEAR-TO-DATE EXPENDED UNEXPENDED BALANCE ENCUMBERED AVAILABLE BALANCE i Communication Center : 45,973 3.725 31.345 14.628 6 14.622 Legislative 26,900 2,330 25.917 983 -0- 983 Shop 84,613 4.638 58.867 25.746 1,698 24.048 �- Judicial /City Attorney 41,369 1-973 190914 21 ASS 6S 21.390 - Administration 84,255 5.776 54.702 29,553 22S 29,328 Revenue 16,284 1.164 9,618 6,666 20 6:646 Finance 78,882 7.291 49,026 29.R5� 911 .28,945 - Police 153,226 12.684 99.057 54.169 713 S3,4S6 Fire 259,151 20.887 172.888 86,263 613 85.650 Street , 112,520 •10.541 78.192 34,328 80 34.248 Building Inspection 1,483 12,220 6,180 -0- 6.180 Health Center *18,400 2,800 245 2,.506 494 -0- 494 Fort Kenay 2,500 181 1.572 928 -0- 928 Library 19,317 2.088 12.704 6.613 143 6.470 Recreation 1,273 -0- 1.273 -0- -0- -0- Fine Arts 1,600 180 ' 1,657 (57) -0- (S7) Council on Aging 12,900 928 7.757 5.143 47 5.096 City Engineor/Public works 56,325 819 27.061 29.264 -0- 29.264 `. Non-Departmental 614,224 41,931 487.696 126,528 170 126.358 BUDGETARY REPORT - MUNTH UNUING_2_twr.A LU4 IAPFNDITURES SUMMARY (By Departments) PACE DEPARTMENT BUUGFT CURRENT MONTH YEAR -TU -DATE EXPENDED EXPENDED UNEXPENDED BALANCE ENCUMBERED AVAILABLE BALANCE Airport = 225,932 31,080 210.409 15.523 349 15,174 - Nater 6 Sewer 133.00.0' 8.992 103.394 29,606 4,446 25,160 TOTAL EXPENDITURES 1,991,444 130.936 1.467.579 523.869 9.486 S14.383 a j i 1 1 1 7 j DETAIL bIII)Q'I'AItY IMPORT-•NONTII ENDING 28 Feb.. 1974 EXPENDITURES FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT Communications Center ITEM CURRENT 1,10NTH YEAR-TO-DATE QUDGET EXPENDED :I!Xel;N N?Il UNEXPENWED BALANCII ENCUMBER AVAILABLE nAL"CH, Labor 36.000 3,065 24.312 11.688 -0- 11,688 1 Fringe 4,520. 358 2.892 1,628 -0- 1,628 Supplies Soo* 4 416 84 6 78 Special Departmental Expenses Shop Charges Utilities 500f 154 450 50 -0_ SO Communications 600 144 465 135 _�_ 135 Rents & Leases 255 -0- S1 204 _0- 204 n Professional Services - ' Contracted Repairs &Maintenance 8.98" - -0- 53S 363 -0- 363 L I Other Contractural Services Travel Other Administrative Expenses Capital Outlay 2,700• -0- 2.224 476 -0- 476 TOTALS 4S` 3,725 31.345 14,628 6 14.622 *Approved by Council action at Meeting of February 20, 1974 iso 1 s - y b. Ir 1 V �, ■y I , . fr I '1 I F 3� t i�ald,in•ixnWi11uu. 1,11W.Wi4suw oilR • DI:'I'AIL BUDGL-TARY REPORT MONTH ENDING 28 Feb.. 1974 ' EXPENDITURES FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT Legislative CURRENT MONTH YEAR-TO-DATE UNEXPENDED AVAILABLE ITEM BUDGET EXPENDED P•KPFNIIF"n IIAt.nNCR. EKt-RI -D . NALANL'F� Labor Fringe ; - Supplies 200 103 157 43 -0- 43 Special Departmental Expenses Shop Charges Utilities Communications Rents SLeases 3.300 -0- 2,344 956 '0- 956 I Professional Services 21 000 -0- 18.866 2,134 -0- 2.134 Contracted Repairs E Maintenance Other Contractural Services 2.400 29227 -4,550 (2,1S0) -0- ,( 2.1501 j Travel =� Other Administrative Expenses I' Capital Outlay , TOTALS zb�oo 2.330_ 25,917 9$3 -0- 983 4 i 1 • nzs c 1 ■. 1 I I . r - e • DETAIL BUDGETARY 11114IRT - %IONTII ENDING 28 Feb. _ 1974 EXPENDITURES FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT Shop ITEM BUDGET CURRENT MONTH YEAR-TO-OATH EXPENDED BXPPNIIP.D UNEXPLNVED�1YAI•LASL$ BA1� HWUb}g UD NALegtL Labor 43,616 3,616 26.:608 17,008 -0- 17,008 Fringe 5,297 467 3,338 1,959 -0- 1,959 Supplies 25,000 (11) 22.480 2,520 1.530 990 Special Departmental Expenses Shop Charges Utilities 2,,00000 455 1,676. 324 -0- 324 i Communications 700 111 484 216 -0- 216 Rents Leases 6,000 -0- 2.750 3.250 -0- 3.250 Professional Services f Contracted Repairs G Maintenance 2,000 -0- 1,531 469 168 301 ! Other Contractural Services Travel • Other Administrative Expenses Capital Outlay ' TOTALS 84`613 4.638 58,867 25,746 1.698 24,048 v 1 I V • I. ' q =1 r •( fII• '1 I UGfAll. BUDGETARY It1.11014 - MONTH ENDING 28 Feb. L 1974 '0 - EXPCNDiTURES FISCAL YEAR ENDING JUNE 30, 197$ - DEPARTMENT Judicial /City Attorney ITEM BUDGET'. CURRENT MONTH EXPENDED YEAR-TO-OATH U�fiNll!.0 UNE%PEN"ED BALAW:a: BKC!!►s=Q 4VAI&AN& -BALAaM t Labor 16,869 343 2.809 -14.,0,6 -0- 14.060 Fringe 2,050 46 289 2.161 -0- 29,161 Supplies 1.686 ` .0- 410 590 16 S74 Special Departmental Expenses . Shop Charges i } Utilities : {+ Communications Sao -0 - - 0- 300 -0- 300 Rents & Leases 200 -0- -0- 200 -0- 200 Professional Services 17,000 1023S 1S,184 1, 816 -0- 1, 816 Contracted Repairs t: Maintenance Other Contractural Services 21800 308 1,156 844 49 795 Travel 1,500 25 25 1,475 -0- 1.475' Other Administrative Expenses 50 13 41 .9 -0- 9 Capital outlay TOTALS 41� 1.973 19.914 21.45S 6S 21.390 I' •" DETAIL BUDGETARY REPORT - MONTH ENDING 28 Feb.. 1974 4 EXPENDITURES ' FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENTS i,ty dMinrnt"t:ion CURRENT MONTH YEAR-TO-DATE UNEXPENDED AVAILABLE ITEM BUDGET EXPENDED ENPI311101:1) RALANCH Et�l S"m D BALANCIR Labor 54,700 4,299 3S.674 19.026 -0- 19.026 Fringe 8,200 542 5.318 2.882 -0- 2,882 Supplies 2,500 107 1.880 620 25 59S Special Departmental Expenses 2.100 -0- 1.10 S 995 -0,- 99S Shop Charges Utilities Communications • 8 ,100 677 4.14 8 3.952 -0- 3.9S2 I Rents Z. Leases 4,x80 1S1 3.630 850 -0- -.850 Professional Services �. i Contracted Repairs a Maintenance 300 -0- 2 8 272 8 4 188 1: Other Contractural Services Soo -0- 2 7 S 225 2 0 205 t' r: Travel 3,375 -0- 2.644 731 96 63S Other Administrative Expenses Capitol Outlay TOTALS 84� 2SS 5.776 54.702 29.5,53 225 29.328 I } f i I G I' as L i` I. p "i R i i - j DETAIL BUDGETA11Y REPORT - MONTH ENDING 28 Feb.. 1974 I Ili EXPENDITURES FISCAL YEAR ENDING JUNE 30. 1974 - DEPARTMENT__gp2art ant et ovepuo CURRENT MONTH YEAR -TO -PATE UNEXPENDED AVAILABLE ITEM BUDGET EXPENDED EXPENDED ALLANf. EVOy,iMI) BALANCE Labor 12,744 817 7.702 S.042 -0- 5,042 Fringe 1,867 108 906 961 -0- 961 • Supplies 400 -0- 269 131 20 111 Special Departmental Expenses , Shop Charges • Utilities 213 39 128 8S -0- 85 Communications S00 200 491 9 -0- q Rents G Leases 255 • 0- 17 239 -0- 238 - Professional Services Contracted Repairs&Maintenance 200 -0- 105 200 -p- 200 1' Other Contractural Services ; Travel 20S -0- -0"s a'� r-0- -0- Other Administrative Expenses � }s Capital Outlay TOTALS 16,264 1.164 9.618 6.666 20 6,646 { r - F 13 - DETAIL BUDGLTARY RIiPORT - 410NTH rNIIING 19, Teh_1974 CXPL•NDITURES FISCAL YEAR ENDING JUNE 30, 1974 - DFPARTf,1ENT Fi! n nCQ Department CURRENT MnNTH YEAR -TA -DATE UNEXPENDED AVAILABLY - ITEM BUDGET EXPENDED EXPENDED PaANC[y EDj�iMµl?Itt;D .BALatlC]` Labor 60,047 Ss564 36,842 23,205 -0- 23,205 = Fringe 9,000 740 4,361 4,639 -0- 4.639 Supplies 4,700 163 3,719 981 911 70 Special Departmental Expenses Shop Charges Utilities Communications 2,S0o 512 2,21E 288 -0- 288 Rents F, Leases 1,200 88 1.000 200 -0- 200 Professional Services Contracted Repairs f Maintenance Son -0- 23 477 -0_ 477 Other Contractural Services 7S .0- 4 S 30 -0- 30 Travel 810 174 774 36 -0- 36• Other Administrative Expenses SO so SU -0- f Capital Outlay ± TOTALS 87 .882 7.291 49,026 29.856 911 28.945 r - r- 1 111110 IJ9..(hj0L':'L_L.L IAI- -i ' DETAIL 14 niillGiil'AItY l�GP(►RT - plUNTII i"WING�?,#3 Feb, 1974 4� EXIIL'NDITURES FISCAL YEAR ENDING JUNE 90, 1974 - DEPARTMENT ynliC naVAtLwnt - ITEM I CURRENT MONTH YEAR-TO-DATE BUDGET EXPENDED EXPENDED X9.690 UNEXM:NDL'0 114ANCH Bgc—u -BD AVAILABLE BALANCE • I Labor 118.404 77,893 40,511 -0- 40.51] Fringe 15.422 1,2982 19 6.203 -n- 6,-203 Supplies 1,000 38S 675 325 169 ISIS ' special Departmenal Expenses 4,00013 3.104 896 466 430 Shop Charges Utilities 41600 409 3.010 1.S90 -0- 11590 Communications 5,400 azs 2.683 2,717 -0- 2.717 Rents eLeases 850* 300 731 119 -0- ..119 Professional Services Contracted Repairs G Maintenance Other Contractural Services 11550* -0- 669 881 za 803 Travel 1.500 208 909 591 -0- 591 Other Administrative Expenses 4- 336 -0- 336 ' Capital Outlay +_ TOTALS 153,226 12,684 99.057 54.169 713 53.456 *Approved by Council action at meeting of February 20, 1974. I f I� i DETAIL BUDGWARY 10:11011T - MONTH ENDING 28 Feb. , 1974 EXPrNDITL'RES , FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT_nge Denartment- CURRENT MONTH YEAR -TO -PATE UNEXPENDED AVAILABLE I ITV4 BUDGET EXPENDED EXPENUED BALANCE B C11Vff. (?D �SALAN!'F C- Labor 212,118 17.073 141.458 70,660 -0- 70.660 Fringe 27r57s 2,408 16.870 10.705 -0- 10,705 • Supplies 5,4SO* 206 4.696 754 SS7 197 Special Departmental Expenses Shop Charges i Utilities 7_.,000 972 4-622. 2,378 -0- 2,378 ' Communications 3,930• 556 2,992 938 -0- 938 Rents i Leases 900• 30 666 234 -0- 234 Professional Services , Contracted Repairs G Mr intenonce n Sn -0- 4.1 % 37 -0- 3 7 , Other C3ntracturai Services 261 .0- 1.9 5 66 .0- 66 Travel s17`* -0- 367 150 -0- 1.SQ ,' Other Administrative Expenses 950 (258). 609 341 S6 285 ` Capital Outlay , TOTALS 2s9.151 20.887 172.888 869263 613 8S,6S0 *Approved by Council action at meeting of February 20, 1974. , -"--r - l i f I� 16 ` DE'T'AIL BUDGETARY I(IT01IT - WWII ENDING 28 Feb.. 1974 ■ EXPENDITURES FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT_&trnnt 0Cp&Z =t ITE14 BUDGET CURRENT EXPENDED N YEAR-TO-DATE TE UNEXPENDED ENN^tA "R -0 /►yAf.�Ap g b240412C Labor 82,420 7.779 58,.008 24,412 -0- Fringe 12,OOQ 1,035 6,884 S.1.16 -0- 5,116 Supplies 3,200 176 2,320 880 80 800 Special Departmental Expenses Shop Charges Utilities 13,000 1.425 9,975 31025 -0- 3.025 Communications 600 107 418 182 182 Rents e; Leases Professional Services Contracted Repairs i; Maintenance 1,000 -0- 422 578 -0-- S78 Other Contractural Services 300 19 165 135 -0- 13 S Travel I Other Administrative Expenses ' Capital Outlay TOTALS I 112,s20 10,541 78,192 34.328 80 _ 340248 i I t r i 4 -i •I f ' •• 17 UCTniI. BUDGETARY REPORT- MONTH ENDING r• 2s rb.. 197,-„ ' GXl#cnl)ITURES FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT Buildinq motion CURRENT MONTH YEAR -TO -DATA UNI.XPIiND1!0 AVAILABLE ITEM BUDGET EXPENDED EXPENDED BALANCL ENCUMBERED BALANCE Labor 15 1.309 10:472 5,236 0- S,236 Fringe 1,972 174 1.240 732 -0— 732 Supplies 170 -0- 1 R1 -0- -39 - Special Departmental Expenses Shop Charges Utilities . Communications son -0- 327 -0- 173 Rents G Leases ' Professional Services Contracted Repairs t Maintenance Ij Other Contractural Services 50 -0- SO -0- -0- -0- Travel Other Administrative Expenses Capital Outlay TOTALS 16,400 1.483 12,220 6,180 -0- 6,180 i x j � 4 1 a 1 l! , r r' C �_!blrn w -a } . y 1' i f t 18 DETAIL BUDGETARY REPORT - MONTH ENDING 28 Teb. , 1974 . i tr 1 EXPENDITURES !I k - L FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT Health Center =1 'I CURRENT MONTH YEAR-TO-DATE UNEXPENDED AVAILABLE I ITEM BUDGET EXPENDED EXPENDED a BALANCE ENQIU- JEERED BA4ANCR Labor Fringe • Supplies 100 -0- 44 56 -0- 56 Special Departmental Expenses Shop Charges • utilities 700 76 459- 241 -0- 241 Communications 900 169 793 107 -0- 10 7 Rents 6 Leases Professional Services Contracted Repairs G Maintenanco 2,100 -0- 1, 010 90 -0- 9 0 Other Contractural Services Travel Other Administrative Expanses Capital Outlay TOTALS 2,800 245 2,306 494 -0- 494 w -a } . y 1' i f t . i tr 1 i !I k - L =1 'I Id -, III ALM _.. + 19 DETAIL DUDGETAItY Itiil'URT - MONTH ENDING 28 Fel)., 1274 EXPCNDITURES FISCAL YEAR ENDING JUNE 30, 1974 - OEPARTMENTIFort Kenav, CURRENT MONTH YEAR -T'0 -DATE UNEXPENDED AVAILABLE ` ITEM BUDGET EXPENDED EXPENDED BALANCE ElwUMBERD BnLANCIR - Labor Fringe Supplies Special Departmental Expenses _ Shop Charges _f Utilities 00 176 564 236 -0- 236 Communications Rents G Leases Professional Services Contracted Repairs G Maintenance 1.700 5 1.008 692 -0- 692 s: Other Contractural Services Travel i Other Administrative Expenses i Capital Outlay S TOTALS Z+500 181 1.572 928 -0. 928 # Id 1 .... 'K..........�.�_�-.._.- 20 r € ` DI;TAIL BUDGETARY RFIlORT - MONTH ENDING 28 re . 1274 EXPENDITURES FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT Library CURRENT MONTH YEAR -TO -DAT$ UNEXPENDED AVAILABLE ITEM BUDGET` EXPENDED XPENDRD BALANCE EWUNRl,gl;D RA1 NA rFI;_ Labor 10,488 860 . 6,•648 3,840 -0_ ...3.111.84 0 Fringe 1,299 788 511 -0- "511 Supplies1,115 313 1.079 ' 36 143 (107), Special Departmental Expenses Shop Charges _ Utilities ,s, 67 521 429 -0- 429 Communications 400 46 226 174 -0- 174 i . Rents G Leases i Professional Services • Contracted Repairs &Maintenance • 125 9 79 46 -0- 46 Other Contractural Sorvicas 440 -0- 180 260 -0- 260 Travel Soo 285 310 190 -0- 190 • Other Administrative Expenses Capital outlay yeee 393 2,873 1,127 -0- 1.127 TOTALS 10317 2 Afilk 12.704 6,613. 143 6.470 ti j f . F � i �I I I ,l!.. - I � L41LIU1R, I I. I IIII I I i III 11111 1 I I _ _ _ - • • •----•-•- - - - - ---- •- 21 URTAII, 1111I)CLTA1tY RI:1'ultT - MJNTII ENDING 28 FOb.. 1974 EXPENDITURES FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT Recreation, I CURRENT MONTH YEAR-TO-DATE UNEXPENDED AVAILABLE - ITEM BUDGET EXPENDED EXPENDED BALANra ENMMBMD BALANCE .I -- Labor 704 -0- 704 -0- -0- -0- Fringe 86 -0- 86 -0- -0- '0 - Supplies -Supplies Special Departmental Expenses 483 -0- 483 0 - -0- -0- Shop Charges Utilities Communications i Rents G Leases Professional Services Contracted Repairs 6 Maintenance Other Contractural Services Travel 1 Other Administrative Expenses Capital Outlay TOTALS 1,273 -0- 1,273 'I ilIi�i 'I C 1 I II. ' 1 f y. 1 ( = i I •1 I . f -I r 22 t DETAIL BUDGETA1tY ItEl'011T MONTH ENDING 29 Fels_ 1974 EXPENDITURES FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT Pine Arta CURRENT MONTH YEAR-TO-DATE UNEXPENDED AVAILABLE ITEM BUDGET EXPENDED EXPENDED.. BALANCE ENCUMBERED BALANCE Labor Fringe , Supplies Special Departmental Expenses Shop Charges Utilities 7_00 180 770 (70) -0- (70) Communications Rents t Leases Professional Services r Contracted Repairs i Maintenance 900 -0- 887 13 - 0 - 13 � Other Contractural Services Travel - Other Administrative Expanses ' Capital Outlay TOTALS 1,6-0 180 1,6S7 (57) -0- (57) r 1 � r Z3 d . 3 DETAIL BUDGETARY Rlil'0RT - MONTH FNI1iNG 28 Feb.. 1971 EXI'L•NDITURES FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT - Council oa AUM ITEM CURRENT MONTH YEAR-TO-DATB BUDGET EXPENDED EXPENDED �6S0 UNEXPUN11111) BALANCE• AVAILABLE --BALANCE I = Labor 7,800 S.230 2.570 -0- 2,570 Fringe 979 86 S36 443 -0- 443 Supplies 1,100 6 SOS . S 9 S -0- .595 Special Departmental Expenses 1,S00 79 756 .744 41 703 Shop Charges Utilities 45 260 (260) -0- (260) Communications S00 60 275 2.2S, -00- 225 Rents E Leases Professional Services Contracted Repairs b Maintenance f, Other Contractural Services 700 .0- so 620 - 0- 620 Travel 2SO -0- 103 6 141 i . Other Administrative Expenses 71 _ 2 12 S9 -0- S9 Capital Outlay TOTALS 12,0_0 928 7.757 S,143 47 5.096 L 1. 1 LJEN 24 UisTAIL liuUGli1`EXPt'NDITJRES bi0NTt1 L�NUING_2 >:4i.�4 FISCALYEAR ENDING JUKE 33, 1974 - DEPARTMENT Non-flenartmontal E ITEM BUDGET' CURRENT MONTH YEAR-TO-DATE EXPENDED EXPENDED UNEXPENDED RALANCII, $WNP-4,p AVAILARLP, Labor Fringe Supplies — . Special Departmental Expenses 10,000 -0- -0- 10,000 -0- 0 Shop Charges -_ Utilities . Communications Rents 6Leases 1.578 -0- 1S79 -0- -0- -Q-1 Professional Services Contracted Repairs 6 Maintenance , i Other Contractural Services 44,700 1,377 45,196 (4961 170 (666) Travel 1 Other AdminibtradvoExpenses 557,9946 40,SS4 440P922 117.024 -0- Capita! Outlay TOTALS 614,224 4.1.931 487-696, 126,�S28 170. 126.358 ' a1 i r ' =I t 1 ? 'a 2S • DETAIL BUDGETARYR SIT T MONTH ENDING 28 F--h _ 1 (UA EXPEFISCAL , YEAR ENDING JUNE 30, 1974 - DEPARTMENT-(fix• f„=jWMZLWblic Iforks CURRENT MONTH YEAR-TO-DATE UNEXPENDED AVMABLE ITEM BUDGET EXPENDED EXPENDED BALANC EWIDQBD :BALANCE- Labor 10.000 ' 696 696 9.304 -0- 9,304 • Fringe 1,soo 123 123 1,377 -0- 1,377 . ' supplies 1,500 -0- -0- 1.500 -0- 1,500 Special Departmental Expenses • Shep Charges Utilities ' Communications 300 -0- -0- 300 -fl- 300 Rents L Leases Professional Services 40,000 -0- 26.217 13;783 -0- 13,783 _ I • Contracted Repairs t Maintenance Other Contractural Services ' • Travel 1,s2s -0- 25 1.500 -0- I� - Other Administrative Expenses Capital Out1aY -i .500 -0- -0- 1.500 -0,_� 1.500 TOTALS S6,,32S 819 27,061 29.264 Z9T�64 , 1; 1 t t 1 "MAI IE II i' Z6 DETAIL BUDGETARY REPORT - MONTH ENDING 28 Feb.. 1974 EXPCND17URES FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT_AL=V,. ITE.%1 BUDGET CURRENT MONTH YEAR-TO-DATE EXPENDED EXPENDED UNEXPENDED BALANCE, S IMRf!R O AVAILABLE BALANCE Labor o Fringe _ Supplies 4.750 49 3 , S 19 X31 130 1.101 Special Departmental Expenses Shap Charges -• Utilities 17,000 1.692 10,732 6.268 -0- 6,268 Communications ' Rents G Leases Professional Services Contracted Repairs G Maintenance 3, 680 -0- 3.382 298 219 79 Other Contractural Services 16,200 1.339 10.724 5,476 -0- S.476 Travel ° Other Administrative Expenses 182,052 -0- 182,0S2 -0- -0- -0- 4 Capital outlay 2.2so -0- -0- 2.250 -0- _ 2 02SO TOTALS 22s�2 3,080 210.409 1S.523 349 15,174 N a ' . I1l:lAIL DUUt;Is7AI:Y Il1110I1T - MUN'I'li ENDING 2£c j:�{,� 1974 27 ' EXPENDITURES FISCAL YEAR ENDING JUNE 30, 1974 - DEPARTMENT Water 6 Sewer CURRENT MONTH YEAR-TO-DATE UNEXPENDED AVAILABLE {TEM BUDGET EXPENDED EXPENDED BALANCI3 BhCIIMBERED BALANI'P. ` Labor 49,321 5.639 32.990 16.331 -0- 16.331 V Fringe 6,477 750 3,9S0 2,527 -0- 2,S27 = Supplies 10,000 159 5,167 4,833 4,245 588 , Special Departmental Expenses __ •,.,� Shop Charges Utilities 1s.000 1.831 12.303 2.697 -0- -2,697 Communications 600 106 469 131 -0- 131 Rents L Leases 863* 491 992 (129) -0-. (129) Professional Services Sao 332 332 169 -0- 168 j Contracted Repairs 6 Maintenance 2,S00-- -0- 1.3S7 1.143 201 942 Other Contractural Services 26 -0- -0. 26 -0- 26 Travel Soo 16 -49S S -0- S. Other Administrative Expenses 40.693 -0- 40.693 -0- -0- -0- 0 - Capital Capital Outlay 6,520* (332) 4,646 1.874 -0- 1.874 TOTALS 133,000 8.992 103.394 29.606 4.446 25,160 r I I *Approved by Council action at meeting of February 20, 1974. - i. - i r N