HomeMy WebLinkAboutORDINANCE 0406-1978CITY OF KENAI
ORDINANCE NO. 406-78
AN ORDINANCE OF THB COUNCIL OF THE CITY OF KF, NAI, ALASKA, ADOPTING THE ANNUAL
BUDGET FOR FISCAL YEAR COMMENCING JULY I, 1978 AND ENDING JUNE 30, 1979 AND SETTING
THE TAX .,ZVY FOR SAID FISCAL YEAR.
WHEREAS, it is a requirement of the Code of the City of Kenai, Alaska that the City Council
not less than ten (I0) 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 is a requirement of law that the rate of levy for the property tax be set annually.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA as
follows:
Section h, A tax in the amount of 14.14 mills is hereby levied against all
taxable rea! e,~d personal property in the City of genal for the fiscal year commencing
on the Ist day of July, 1978 and ending on the 30th day of June, 1979.
Section 2: That certain document entitled "City of Kenai 1978-79 Annual Budget~
which is attached hereto and incorporated herein by reference, is hereby adopted
as the budget for the City of Kenai for the fiscal year commencing July 1, 1978 and
ending June 30, 1979.
ORDIN,'~NCE NO. 406-78, Poge Two
1
Section 3: The following sums of money are hereby approp~'iated for the operations
corporate purposes and objects of the City of Renal for the fiscal year commencing
on the 1st day of July, 1978 and ending the 30th day of June, 1979 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 subs~entially by line item in the manner shown in lhe budget
adopted by Section 2 hereof:
General Fund
Operating Budget
Restricted Reaez,~re - Capital Improvements
Restricted Reserve - Contingency
Airport Terminal Fund
Water and Se~er Fund
Airport Land System Fund
Debt Service Fund
$2,470,489
362,500
30,000
$2,862,989
n9,390
330,000
165,306
549,602
PASSED BY THE COUNCIL OF THE CITY OF KF, NAI, ALASKA, this 31st day oflVlay, 1979
ATTEST:
VINCENT O'REILLY, MAYOR
Sue C, Peter, City Clerk
FIRST READING: May 17, 1978
SECOND READING: May 31, 1978
EFFECTIVE DATE: July 1, 1978