HomeMy WebLinkAboutORDINANCE 0698-1981CITY OF KENAI
ORDINANCE 110. 698-81
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE 1981-82
GENERAL FUND BUDGET BY $11,000, AND TRANSFERRING $11,000 WITHIN
THE AIRPORT LAND SYSTEM BUDGET, TO PROVIDE FOR MORE INSURANCE
COVERAGE ON THE KENAI MUNICIPAL AIRPORT.
WHEREAS, the City Administration desires to increase the Airport
premises legal liability insurance coverage from $10,000,000 to
$25,000,000 at a cost of $8,000 per year, which exceeds the
fiscal year 1981-82 budget by approximately $500, and
WHEREAS, the cost of the. first $10,000,000 of said coverage
exceeds the budget for fiscal year 1981-82 by approximately 98
$10,500 per year, and��
WHEREAS, proper accounting practices require that all
appropriations of City monies be made by ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALJASKA, that:
Section is The following monies be transferred in the 1981-
82 Airport Land System Budgets
Proms Airport Land - Contingency $ 11,000
To: Airport M&O-Transfer to General Fund $ 11,000
section 2: The following increases in estimated revenues
and appropriations in the 1981-82 General Fund Budget be made:
Increase Estimated Revenues:
Transfer from Airport Land System $ 11,000
Increase Appropriations:
Non -Departmental -Insurance $ 11,000
PASSED BY THE. COUNCIL OF THE CITY OF KENAI, ALASKA, this 19th
day of August, 1981,
VINCENT 0I REIOR
ATTESTS C
zln'et Whelan, City Clerk
First Reading: August 5, 1981
Second Readings August 19, 1981
Effective Date: August 19, 1981
Approved by Finances r"`%_ x.-
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