HomeMy WebLinkAboutORDINANCE 1658-1995•
Suggested by: Public Works
City of Kenai
ORDI~CE ~t0. i6'S8-9S
•
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
AUTHORIZING THE APPROPRIATION OF $8,814 IN THE CONGREGATE
HOUSING FACILITY ENTERPRISE FUND FOR A SOLARIUM AND STORAGE
SHED.
WHEREAS, the low bid for the Congregate Housing Facility
Solarium and Storage Shed project is $118,400; and
WHEREAS, the available balance in the Congregate Housing
Capital Project Fund is $116,066; and
WHEREAS, an additional $2,000 'is expected to be needed for
purchase of the shed; and
WHEREAS, all costs of the Housing Facility, including
Capital Project Fund costs and overages on the Solarium and
Storage Shed project are capitalized as an asset fn the
enterprise fund; and
WHEREAS, this authorization is a memo to the FY96 budget
because under generally accepted accounting principles this
is not an expense or expenditure. Rather, it is
authorization to spend money for a capital asset that will
be depreciated in Future years.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that an appropriation be authorized in the
Congregate Housing Enterprise Fund for the construction of a
solarium and storage shed, as follows:
Increase Appropriations:
Buildings (memo only) 81
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 2nd
wlwa• ..C f~a~..ari. ~ AAC
Introduced: July 19, 1995
Adopted: August 2, 1995
Effective: August 2, 1995
Approved by Finance: ~ s~
(7/13/95) kl
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