HomeMy WebLinkAboutORDINANCE 0436-1978 CITY OF KENAI
ORDINANCE NO 436-78
&
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
ESTIMATED REVENUES AND APPROPRIATIO~iS IN THE AMOUNT OF $286,000 IN
THE AIRPORT LAND SYSTEM, AND IN THE AMOUNT OF $17,875 IN THE FEDERAL
REVENUE SHARING FUND FOR FY 1978/79.
WHEREAS, the US Department of Transportation, Federal Aviation
Administration has tendered a grant offer of $268,125 (which
represents 93.75% of the project) to purchase snow removal equipment,
and
WHEREAS, the Council of the City of Kenai has accepted this grant offer
by resolution, and
WHEREAS, of the remaining $17,875 of project funds, $8,937 (which
represents 3.125% of the project) ts expected to be provided by the
State of Alaska, and
WHEREAS, the City of Kenai has not formally received notice from the
State of Alaska offering to provide these funds, and
WHEREAS, it is desirable to expedite the establishment of this
project, and
WHEREAS, proper accounting practices require that all appropriations
of City monies be made by or4inance,
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI
THAT
(1) Estimated revenues and appropriations are hereby
increased as follows:
FEDERAL REVENUE SHARING
Increase estimated revenue
Federal Revenue Sharing
Increase appropriations
Transfers to Airport Land System
17,875
17,875
AIRPORT LAND SYSTEM
Increase estimated revenue
Transfer from Federal Revenue
Sharing Fund
Federal Grants, FAA
Increase appropr%ations
Machinery and Equipment
$ 17,875
$268,125
$286,000
ORDINANCE NO 736-78
Page 2
(2)
In the event that the State of Alaska offers to
participate 50/50 with the City of Kenai for the
remaining 6.25% of this project, the above
appropriation of Federal Revenue Sharing Funds will
be reduced accordingly.
PASSED BY THE COUNCIL OF THE CITY OF KENAI this 4th day o£
October 1978.
ATTEST:
Peter, City Clerk
FIRST READING September 20, 1978
SECOND READING October 4, 1978
EFFECTIVE November 4, 1978
Approved by Finance