HomeMy WebLinkAboutORDINANCE 1854-2000Suggested by: Administration
City of Kenai
ORDINANCE N0. 1854-2000
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY X75,000 IN
THE GENERAL FUND FOR TRANSFER TO THE BOATING FACILITY FUND.
WHEREAS, the Boating Facility Fund is estimated to have a negative cash
balance of X75,000 at June 30, 2000; and
WHEREAS, the Boating Facility Fund has no prospects for generating sufficient
cash to eliminate this shortfall; and
~.
WHEREAS, to continue operating, the Boating Facility Fund needs to receive a
subsidy from the General Fund; and
WHEREAS, there are sufficient funds available in the fund balance of the
General Fund.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA that estimated revenues and appropriations be increased as
follows:
General Fund
Increase Estimated Revenues:
Appropriation of Fund Balance X75,000
Increase Appropriations:
Non-Departmental -Transfers X75,000
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 19~ day of
April, 2000. ~.
OHN ILLIAMS, M OR
ATTEST:
Carol L. Freas, City Clerk
Introduced: Apri15, 2000
Adopted: April 19, 2000
Effective: April 19, 2000
Approved by Finance:
(3/28/2000) kl