HomeMy WebLinkAboutORDINANCE 1573-1993.~ ~:
Suggested By: Public T~prk~s
CITY OF lC8~1I
KO. i57~~93
AN ORDINANCE OF THE COUNCIL OF THE CITY ~F' I{ENA~; ALASE~A,. .
INCREASING ESTIMATED REVENUES AND APPROPR~A-'fYO~'~ BY $50,000 IH
THE WATER AND SEWER FUND FOR SPUR HIGHWAY WATER-AND-SEWER
CROSSINGS.
WHEREAS, the State of Alaska will soon be repaving the Spur
Highway; and,
WHEREAS, the City of Kenai has determined that it should install
certain water and sewer crossings under the Spur Highway before
the repaving project is completed; and,
WHEREAS, the Public Works Department has estimated the cost of
the crossings to be approximately $250,000.
NOW, THEREFORE, 8E IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that estimated revenues and appropriations be
increased as follows:
Water and :Sewer Spe~~a,~„~e enue
Increase Estimated Revenues:
Appropriation of Fund Balance ~50~+000
Increase Appropriations:
Water - Transfers $125,000
Sewer - Transfers 125. 00
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sp~,r Crossinas - Water & Sewed
Capi~l Pro, t
Increase Estimated Revenues:
Transfer from Water and Sewer
Increase Appropriations:
Construction
8E IT FURTHER ORDAINED, that the city Administration is
authorized to enter into agreements with the State of Alaska for
construction and reimbursement of the crossings and related
costs.
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Introduced: November 3, 1993
Adopted: November 17, 1993
Effective: November 17 ,1993
Approved by Finance: G4
(10/27/93
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CITY OF KENAI
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_ X10 FIDALQO i(8NA1, ALASKA ~1i11
tELEPMONE Za9.7a3B
FAX 907.283.3014
Memo to: Tom Manninen. City Manager
From: Charles A. Brown, Finance Director g
Date: October 27, 1993
Subject: Spur Water & Sewer Crossings; Fund Balance
Attached is an ordinance appropriating $250,000 for Spur Highway water and sewer
crossings. An update of the Water & Sewer fund balance follows.
Total W & S fund balance, 6-30-93 $ 1,002,222
Appropriated for FY 94 budget (139,840)
Net open P.O.'s at 6-30-93 (5,464)
FY 94 approp. for water study (19,780)
FY 94 approp. for Thompson Park W & S (600,000)
Fund balance now available 237,].38
This approp. for crossings (250_OQ,O3
Deficit $ (12,8b2)
Even though the above shows a deficit, it is so close to zero that Z believe
money is available for the $250,000 appropriation. Several factors contribute
to this.
First, the construction bid for the Thompson Park sewer interceptor was about
$600,000 under budget. The Water & Sewer fund contributed $268,660 toward the
pro3ect. Assuming we avoid large cost overruns on the interceptor project, the
$268,660 should be returned to the Water & Sewer fund upon completion of the
project.
Second, we usually do not spend all of the budget. So, an unknown portion of
the FY 94 Water and Sewer appropriation will probably lapse to fund balance at
June 30, 1994.
Third, there is a reasonable chance that the $139,840 appropriation toward the
FY 94 budget will not have to be repeated in the FY 95 budget. Capital and
significant repair costs (sewer cleaning truck, Celemetry system, and sewer
treatment grinder) were $320,000 in FY 94. Hopefully, we will not have similar
extraordinary costs in FY 95.
Also, consider that at some future date, the $600,000 appropriated for Thompson
. Park water and sewer lines should be returned in the form of special assessment
payments.