HomeMy WebLinkAboutORDINANCE 0560-1980AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE
CAPITAL PROJECT FUND ENTITLED "ADDITION TO FORT KENAY" BY
$590.
WHEREAS, the addition to Fort Kenay Capital Project Fund is
in need of an additional $590 in order to award the construction
bid to Timberline Industries, Inc., and
WHEREAS, there are sufficient monies within the Capital
Improvement Special Revenue Fund, which monies have been
dedicated by Ordinance No. 341-77 exclusively to capital
improvements with a life expectancy of not less than 20
years, to fund this additional appropriation; and
WHEREAS, this capital improvement is deemed to be desirable
and to meet the criteria as set out by Ordinance No. 341-77,
and
WHEREAS, proper accounting practices require that all
propriations of City monies be made by ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KEP:AI9 ALASKA that estimated revenues and appropriations be
increased as follows:
CAPITAL IMPROVEMENT SPECIAL REVENUE FUND
Increase Estimated Revenues:
Appropriation from Fund Balance
Increase Appropriations:
Transfer to Capital Projects
ADDITION TO FORT KENAY CAPITAL PROJECT FUND
Increase Estimated Revenues:
Transfer from Capital Improvement
Fund
Increase Appropriations:
Construction
a
p.
Ord. 560-80, Page 2
PASSED BY THE COUNCIL OF THE CITY 0 KENAI, ALASKA this loth
day of April, 1980.
VINCENT O REILLYy OR
ATTEST:
I 47%Z.44
�.
P4et a an, City Clerk
Approved by Finances f_�r
First Readings Apri110, 1980
Second Readings Apri] 10, 1980
Effective Date: Apri110, 1980
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