HomeMy WebLinkAboutORDINANCE 0782-19821
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CITY OF KENAI
ORDINANCE NO. 782-82
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
DECREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE CAPITAL
PROJECT FUND ENTITLED "SEWER TREATMENT PLANT CONSTFUCTION" IN THE
DEPARTMENT ENTITLED "SEWER OUTFALL" BY $532,753 AS A RESULT OF A
GRANT DECREASE FROM THE U. S. ENVIRONMENTAL PROTECTION AGENCY
(EPA)*
WHEREAS, as a result of much lower construction costs of the
sewer-utfall than originally anticipated, the EPA has reduced
its grant from eligible costs of 0653,400 to $120,647, and
WHEREAS, the EPA share amounts to 75% of eligible coats, with
12.5% paid by the City and 12.5% paid by the State of Alaska, and
WHEREAS, the City's share was provided by a transfer from the
Water and Sewer Special Revenue Fund, and therefore, the City's
unexpended share should be returned to that Fund.
WHEREAS, proper accounting practices require that all
appropriations of City monies be made by ordinance.
NOW, THEREPORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that the following decreases in estimated revenues
and appropriations be made:
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Decrease Estimated Revenues:
Transfer from Water & Sewer t$ 66.594)
State Grant t 66,594)
Federal Grant L_M..MIL
Decrease Appropriationn:
Sewer Outfalls
Construction ($473,353)
Contingency L,m-HAM
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PASSED BY THE COUNCIL OF THE CITY OF KENA ALASKA, this 16th day
of June, 1982,
VINCENT O'REILLY, YOR
ATTEST s
net Whelan, City Clerk
Firs Readings June 16, 1982
Second Readings June 16, 1982
Effective Dates June 16, 1982
Approved by Finances
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CITY OF nLNAl
P.O. BOX 510 • KENAI, ALASKA - PHONE M-7535
to Kenai City Council.
room Charles A. Brown CtiQ
DATE June 8, 1982 REFERENCE. Ordinance 11 782-82
Because this ordinance returns $66,594 to the Water and Sewer Fund, the accounting
treatment will probably be a dir��/�c{>i�t to the Water and Sewer Fund balance.
Therefore, it would be most uppjl(�co.4vjAfj t�e Council would pass this ordinance
in one meeting so that this [tnri can .1S' ,,pr operl.y reflected in the June 30,
1982 financial statements. �,�`( °. • ���� ' ,�� `-,
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n� SIGNED DATE