HomeMy WebLinkAboutORDINANCE 0750-1982CITY OF KENAI
ORDINANCE NO. 750-82
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN A NEW CAPITAL
PROJECT FUND ENTITLED "SPRUCE STREET- BY 0113,318.
WHEREAS, the Council has designated that portions of the 1981
Municipal Grant for road improvements and the 1981 Municipal Aid
Entitlement be used to finance improvements to Spruce Street, and
WHEREAS, the City administration has now received bids for
construction of this project, and
WHEREAS, the lowest construction bid is higher than originally
designated for this project, and additional sources of financing
available for such purposes exist in the General Fund Reserve for
Capital Improvements and the 1974 Refunding Street Bonds, and
WHEREAS, proper accounting practices require that all
appropriations of city moniee, be made by ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that the following increases in estimated revenues
and appropriations be made:
General Fund:
increase Estimated Revenues:
Appropriation of Reserve for
Capital Improvements
s 4.297.00
increase Appropriations:
Non-Depatmental - Transfer to
Capital Projects
,-e-297.00
Spruce Street CaRital kro ject Funnd;
Increase Estimated Revenues:
Transfer from General Fund
$ 4,297.00
1974 Refunding Bonds (Streets)
19,521.00
1981 State Municipal Road Grant
79,465.00
1981 Municipal Aid
10,015.00
$113,319.00
1
v 0
Increase Appropriations
Administration S 500.00
Inspection 12,000.00
Construction 95,818.00
Contingency S 5. 00'00
S"3.11'U
PASSED BY THE COU14CIL OF THE CITY OF KENAI,_ALASKA, this 20th day
of January, 1982.
VINCENT O'REIaY, MAYOR
ATTESTS
J et Whelan# City Clerk
Approved by Finances e
9
First Readings January 6, 1902
Second Readings January 20, 1962
Effective Dates January 20, 1982