HomeMy WebLinkAboutORDINANCE 0494-1979
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CITY OF KENAI
ORDINANCE NO. 494-79
AN ORUTNaNCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA ADOPTING THE ANNUAL BUDGET
FOR FISCAL YEAR COMMENCING JULY 1, 1979 AND ENDING JUNE 30, 1980 AND SETTING THE TAX
~.,, LEVY FOR SAID FISCAL YEAR.
49HEREAB, it i.s a requirement of the Code of the City of Kenai, Alaska that the City
Council not less than ten (10) days prior to the end of the fiscal year, adopt a
budget for the following fiscal year and make an appropriation of the monies needed
therefor; and
~! WHEREAS, it i:~ a requirement of law that the rate of levy for the property tax be aet
annually.
NOW, THEREFORE, BE IT ORDAINED SY THE COUNCIL OF THE CITY GF KENAI, ALASKA as followss
Section 1. A tax in the amount of 12.5 mills is hereby levied against all
taxable real and personal property in the City of Kenai for the fiscal year commencing
on the 1st day of July, 1979 and ending on the 30th day of June, 1980.
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i Section 2. That certain document entitled "City of Kenai 1979-~03 AHnual BudaRt"
which shed hereto and incorporated herein by reference, is hereby adopted ss
'` the budget for the City of Kenai for the fiscal year commencing July 1, 1979 and
ending June 30, 1980.
Section 3. The following sums of money are hereby appropriated for the operations,
corporate purposes and objects of the City of Kenai for the fiscal year commencing on
the 1st day of July, 1979 and ending the 30th day of June, 1980 to defray all expenses
~~ and liabilities of the City during the fiscal year to be expended consistent with and
subject to the restrictions, procedures and purposes set forth in the Code of the
City of Kenai and to be expended substantially by line item in the manner shown in
the budget adopted by Section 2 hereof:
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Ord. 494-79, Page 2
General Funds
Operating Budget $3:030,518
Restricted Reserve-Capital Improvements 362,667
Restricted Reserve-Contingency 30,000
$3,423,185
Airport Terminal Pund 117,045
water and Sewer Pund 361,520
Airport Land System Fund 243,721
State Jail Contract Pund 215,000
Debt service Funds 404,830
PASSED BY THE COUNCIL OF THE CITY OF KEN , ALASKA is 6th day of June, 1979.
INCENT O REILL OR
ATTES s
8 C. Peter, C ty C er
Approved by Finances_~
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First Reading: May 16, 1979
Second Readings June 6, 1979
Effective Dates July 1, 1979