HomeMy WebLinkAbout1999-01-28 Council Packet - Work SessionKenai
City Council
Special Meeting Packet
January 28, 1999
ITEM A:
AGENDA
KENAI CITY COUNCIL-SPECIAL MEETING
JANUARY 28, 1999
7:00 P.M.
KENAI CITY COUNCIL CHAMBERS
http: //www.ci.kenai.ak.us
CALL TO ORDER
, ,,
1. Pledge of Allegiance
2. Roll Call
3. Agenda Approval
ITEM B'
.
NEW BUSINESS
Mid-Year Financial Report
EXECUTIVE SESSION- None Scheduled
ITEM C' ADJOURNMENT
I=1
City Of Kenai
Fiscal Year 1999 Operating Budget
Fund: 007 -60 Boating Facility
D~¢ripti~n
FY97
Actual
FY98
Actual
Original 12/31198
FY99 Amended
Budaet Bud¢~et
FY99
Proiection
REVENUES
Rents and Leases
Wharfage
Petroleum Sales
Boat Ramp Fees
Miscellaneous
Total Revenues
EXPENSES
Add Capital Expense
;
Net i'ncome. (1~)
Add credit from Depreciation
Contribution to (from) Retained
Earnings
Beginning Retained Earnings
Ending Retained Earnings
$ 27,725
12,223
60,175
16,959
3,505,
$ 29,116
14,286
74,856
20,549
5,348
$ 24,000 $ 24,000 $ 26,000
12,000 12,000 12,000
60,000 60,000 35,000
21,000 21,000 21,000
6,000 6,000 2,500
120,587' 144,155 123,000 123,000 96,500
228,658 220,790 252,096 255,437 215,437
(76,635)
38,296
,,
(108,071)
38,296
3,000
(129,096) (132,437) (115,937)
38,296 38,296 38,296
(69,775) (38,339) (90,800) (94,141) (77,641)
71,668, 1,893,,, (47,03,,0,) (36,446) (36,446)
$ 1,893
$(36,446) $(137,830)$(130,587) $ (114,087)
Future General Fund Impacts on Fund Balance
Etolin Subdivision - Health Care Center Land
$ 146,000
South Spruce Parking 50% General Fund
$ 77,500
FY99 Municipal Grant Match
$ 73,821
Transfer to Dock Fund
$ 75,OOO
Multipurpose Facility
Offset from Land Sales $680,000 to $700,000
$ 900,000
Edc Hansen Scout Park
$ 20,000
Total Appropriation From Fund Balance
$ 1,292,321
FY99 General Fund Budget Increases
Fund Balance Appropriations-
FY98 Purchase Orders
Ord. 1792-98-Gas line to Five iron Subd.
Ord. 1801-98-Cunningham Park Improv.
Ord. 1804-98-Increase Legislative Salaries
Ord. 1807-98-Multi-purpose Facility Design
Ord. 1808-98-Crow Court Project
181,118
15,000
13,000
17,056
60,0OO
18,000
Subtotal
304,174
Appropriations due to increases in revenue-
Ord. 1791-98-Kenai Elks Lodge Donation
Ord. 1793-98-Library Assistance Grant
1,500
7,000
Subtotal
8,500
Total Additions to FY99 Budget
312,674
TOTAL ASSESSED VALUE
MILL RATE
REVENUE
Property Tax
Sales Tax
State Revenue:
Revenue Sharing
Safe Communitiesand Muni. Asst.
Fish Tax
Other
Total State Revenue
Other Revenue:
Hotel Motel Tax
Licenses and Permits
Ambulance Fees
Interest
Other
Total Other Revenue
Total Revenue
Transfers From Other Funds
Charges to other funds
Capital Projects / Special Rev.
Enterprise
Trust Fund
Total Transfers
TOTAL REVENUES AND TRANSFERS
EXPENDITURESIAPPROPRIATIONS
General Government
Public Safety
Public Works
Parks, Rec. & Cultural
Total Expenditures
Approp. of Fund Balance (Deficit/Surplus
Projected lapse and Encumbrances
Adjusted Deficit/Surplus
Beginning Fund Balance
Fund Balance Adjustment
Transfer to Equip. Fund
Residual Equity Transfer
Ending Fund Balance
Encumbrances
Reserves and Designations
Unres. Undesignated Fund Balance
Actual
FY97
BUDGET PROJECTION - GENERAL FUND
Original FY99
Actual Budget Budget at
FY 98 FY 99 12/31/98
320,197,601 326,853,278 329,138,000 329,138,000
3.50 3.50' 3.50 3.50
Projection
333,918,526
3.50
719,006. 835,000 852,000 852,000 852,000
28,185
36,435 25,576 24,000 24,000 24,000
41,591 22,769 13,000 13,000 13,000
797,032 911,530 889,000 889,000 889,000
7,326,000 7,686,558 7,430,390 7,438,890 7,383,961
1,569,854 1,589,784 1,920,765 2,061,232 2,079,232
3,260,762 3,130,532 3,294,408 3,310,545 3,310,545
1,420,506 1,561,867 1,713,293 1,811,091 1,811,091
1,057,857 919,540 1,054,533 1,094,805 1,094,805
7,308,979 7,201,723 7,982,999 8,277,673 8,295,673
17,021
11,056,953 11,075,974 9,531,346 10,076,045 10,076,045
11,075,974 10,076,045 9,377,887 9,651,146 9,662,073
(267,531) (181,118) (275,000) (275,000) (200,000)
(2,678,800) (,2,291,233) (2,265,000) (2,265,000) (2,292,000)
8,129,643 7,603,694 6,837,887 7,386,146 7,170,073
1,188,317 1,279,543 1,155,400 1,156,900 1,149,300
6,528,968 6,775,028 6,541,390 6,549,890 6,494,961
484,835 (552,609) (838,783) (911,712)
484,835 (153,459) (424,899) (413,972)
(1,500,000)
15,236
399,150 413,884 497,740
34,435 45,154 37,100 37,100 28,300
82,585 95,116 100,000 100,000 96,000
810,720 794,507 700,000 700,000 700,000
260,577 344,766 318,300 319,800 325,000
201,103 188,880 179,550 179,550 175,836
364,616 341,800 324,900 324,900 324,281
167,845 217,197 120,000 120,000 65,000
83,541 102,883 52,600 59,600 78,104
817,105 850,760 677,050 684,050 643,221
1,162,833 1,185,049 1,218,500 1,218,500 1,212,000
3,360,713 3,459,676 3,490,440 3,490,440 3,490,440
SPECIAL MEETING NOTICE
The Kenai City Council will meet in a Special Council Meeting on THURSDAY,
JANUARY 28, 1999. The Special Meeting will be held at the City of Kenai Council
Chambers at 210 Fidalgo Avenue and will begin at 7:00 P.M. The Special Meeting
topic is
MID-YEAR FINANCIAL REPORT
The public is invited to attend.
Carol L. Freas
City Clerk
Publish: 1/26/99
Community Calendar:
1/28/99