HomeMy WebLinkAboutORDINANCE 1049-1985r.:
Suggested by: ;Administration
CITY OF KENAI
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ORDINANCE NO. 1049-85
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
TRANSFERRING ALL APPROPRIATIONS, ESTIMATED REVENUES, AND ACCOUNT
BALANCES IN THE ALIAK/MC COLLUM CAPITAL PROJECT FUND TO A SPECIAL
ASSESSMENT FUND.
WHEREAS, on December 15, 1982, the City established the
Aliak/McCollum Capital Project Fund by Ordinance; and
WHEREAS, at that time, the City Administration was not
contemplating water and sewer construction, nor was it
contemplating an assessment district relating to water and sewer
construction, and the Fund was therefore established as a Capital
Project Fund; and
WHEREAS, the recent formation of a water and sewer assessment
i
's
district changes the preferred accounting treatment from that of
a Capital Project Fund to a Special Assessment Fund.
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NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
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KENAI, ALASKA, that all appropriations, estimated revenues, and
account balances in the Aliak/McCollum Capital Project Fund be
transferred to a corresponding Special Assessment Fund.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this fifth
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day of June, 1985.
TOM WAGONER, MA
ATTEST:
,d net Whelan, City Clerk
First Reading: May 14, 1985
Second Reading: June 5, 1985
Effective Date: June 5, 1985
Approved by Finance: Pq�