HomeMy WebLinkAboutORDINANCE 1211-19872
Suggested By: Administration
CITY OF rJXAI
ORDINANCs 1211-87
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
ADOPTING THE ANNUAL BUDGET FOR THE FISCAL YEAR COMi+lHNCING JULY 1,
1987, AND ENDING JUNE 30, 1988.
WHEREAS, it is a requirement of the Code of the City of Kenai,
Alaska, that the Cite Council, not later than the tenth day of
June, adopt a budget for the following fiscal year and make
appropriation of the monies needed therefor.
NOW THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, as follows:
Section 1•
That certain document entitled "City of Kenai 1987-88 Annual
Budget" which is available for examination by the public in the
Office of the City Clerk and is incorporated herein by reference,
is harcby adopted as the hudgpt for the City of Kenai for the
fiscal year commencing July 1, 1987 and ending June 30, 1988.
Section 2•
The following sums of money are hereby appropriated for the
operations of the City of Kenai for the fiscal year commencing on
the first day of July, 1987, and ending the 30th day of June,
1988, to be expended consistent with and subject to the
restrictions, procedures, and purposes set forth in the Code of
the City of Kenai and to be expended substantially by line item
in the manner shown in the budget adopted by Section 1 hereof:
General Fund
Operating Budget $5,589,549
Restricted Reserve - Capital
Improvements 200,0000
$5,789,549
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--'.'fir
.. _- a•44._
_
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_
_
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.', :.mod#, , 3`.,�f •,;.
Boating Facility Fund 123,000
201,500
j?� Airport Terminal Fund
° W n..- 685, 000
`b :. Water and Sewer Fund 1,245,500
Air y Airport Land System Fund
841,877
s Debt Service Funds
328,647
Senior Citizen Funds
Jyb PASSED BY THE COUNCIL OF THE CITY OF 1CWAI, ALASKA* this third
day of June, 1987.
cr h` e i
3f;= - ;�� � O WILLIAMS, MAYOR
ATTEST: v v
111—.4
J t Whelan, City Clerk
First Reading: May 20, 1987
Second Reading: June 3, 1987
Effective Date: June 3, 1997
Approved by Finance: 4 Q
�- (5/13/87)
10
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0
11
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Airport Land System
Revenues:
Preliminary Revenues
$ 1,231,000
increase Interest Revenue
14.500
Final Revenues
S 1.2�� 45 50Q
Expenditures:
Preliminary Expenditures
$ 1,231,000
Increase Admin., Transportation
8,000
Increase Admin., Contingency
6,500
Final Expenditures
S 1.2�•50000
Debt Service
Preliminary
$ 437,300
Add 1984/86 Refunding Debt
404,577
Final
S�
The final budget document is being prepared and will be available
before the public hearing.
L
- - --OF*
- -
%fug
�n To: Menal, City Council or: ' -?.J •
Fl�l: Marles 11 Brown, Finance Director
DM: May 13, 1987 FQ Q.
SON8Lss 1987-88 annual eudgatMA
Attached to this memo is the ordinance to adopt the 1987-88 Annual
Budget. Below is a recap of changes from the preliminary budget.
General Fund
Revenues: "-
Preliminary Revenues $ 5,576,679
Increase in property taxes (to 2.7 mills) 60,000 _,_`;''•^:4
Increase in sales tax 100,000
Increase in interest revenue 67,125
Decrease in state revenue sharing <50,000>
Increase in appropriation of fund balance 23,745
Final Revenues 5 5,7549
Expenditures:
Preliminary Expenditures
Increase in Economic Development (Transp.)
Increase in Non-Dept(Brochure)
Increase in Library (Books)
Increase in Legislative (Lobbyist)
Increase in Legal (Salaries & Benefits)
�-
Decrease in Legal (Professional Services)
Increase in Streets (Dust Control)
Increase in Streets (Gravel & Misc.)
Increase in Streets (Sealcoat/Overlay)
k
Increase in Street Lights (Repair & Maint.)
Increase in Recreation (Roof Repair)
Decrease in Recreation (Umpires)
'
Change in Library position title
Final Expenditures
Boating Facility
Expenditures:
Preliminary Expenditures
Increase in Transportation
rt
Decrease in Salaries and Benefits
t
Increase in Contingency
t�,•,
Final Expenditures
A
Airport Terminal
4 '
Revenues:
Preliminary Revenues
'
Decrease in Interest Revenue
Final Revenues
�ti w
Expenditures:
Preliminary Expenditures
Increase Communications
Decrease Interest Expense
"`-
Decrease Contingency
Final Expenditures
Vf a
$ 5,576,679
3,000
6,000
5,000
24,000
5,870
< 5,000>
33,000
10,000
91,000
25,000
3,800
< 800>
0
5� 77. §49
$ 123,000
3,000
< 3,983>
983
S 123,000
$ 209,500
< 8,000>
1 220�
$ 209,500
700
< 7,125>
< 1,575>
1 2�500
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