HomeMy WebLinkAboutORDINANCE 0535-1979~. CITY OF KENAI
ORDINANCE. 535-79
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI INCREASING ESTIMATED
REVENUER AND APPROPRIATIONS IN THE 1979-80 ANTI-RECESSION ASSISTANCE.
FUND IN THE AMOUNT OF $5 , 000 .
WHEREAS, under regulations of the Revenue Sharing Act and under the loan agreement
with the Department of Housing and Urban Development, the Cfty is required to have
financial and compliance a~~ci:s performed by independent auditors of its Pederal
Revenue Sharing Fund, Anti-recession Assistance Fund, and the Airport Terminal
Enterprise fund for the fiscal year ended June 30, 1979, and
WHERF,AS, the City of Kenai has monies available in the Anti-recession Assistance Fund
for audit purposes, and
WHEREAS, proper accounting practices require that all appropriations of City monies
be made by ordinance .
NOW, THEREFORE, BE IT ORDAWED by the Council of the City of Kenai, Alaska
that estimated revenues and appropriations be increased as follows:
Anti-Recession Assistance Fund
Increase Estimated Revenues:
Contribution from Fund Balance $5,000
Increase Appropriations:
Transfer to Airport Terminal Enterprise Fund $1,500
Professional Services 3.500
5,000
Airport Terminal Fund
Increase Estimated Revenues:
Transfer from Anti-Recession Assistance Fund 1 500
Increase Appropriation:
Professional Services ~
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALA, this/21st d of N ember, 1979.
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ATTEST: ~ /~ /, VINCENT O'REIL
1/_ 0/~~.,.s. _ FIRST READING: November 7, 1979
J et Whelan,~City Clerk SECOND READING: November 21, 1979
EFFECTP~'E DATE: November 21, 1979
Approved by Finance DirectorfG~
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