HomeMy WebLinkAboutORDINANCE 0438-1978 CITY OF KENAI
ORDINANCE NO. 439-78
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
INCRF. ASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE AMOUNT
OF $2,799.00 IN THE WA'I~R AND SEWER SPECIAL REVENUE FUND 1978/79
BUDGET.
WHEREAS, the City of Kenal has recently completed const~-uction on a
water storai~e tank, and at present this tank is not covered by any of the City's
insurance policies, and
WItBREA8, insm'ance coveral~e for fire, vandalism, em'thquake, and other
damages is desired by the Council, and
WHEREAS, the City has received a proposal from Commercial Insurance
Ai~enoy to provide this ooverege for $2,789.00, and
WHEREAS, proper accounting praetiees require that all appropriations
of Ci~ monies be made by ordinance.
NOW, THEREFORE. BE IT ORDAINED by the Council of the City of
Kenai, Alaska that the following increases in estimated revenues and
appx. opx*iations i, the Water and Sewer Special Revenue Fund 1979/79 Budget
be made.
Inet*ease Estimated Revenues:
Appt'oprtai;~-n of Fund Balance
$2.789.00
Increase Approp~iations:
Water and Sewer Sexwiees-Insuranee
$2,789.00
PASSED BY T..t~ COUNCIL OF THE CITY OF KENAI. ALASKA this 18th day of
October, 1975. ~
VINCENT O'REILLY, ~rYOR
"~e~C. Peter, City Clerk
FIRST RF. ADING: October 4, 1978
SECOND READING: October 19, 1978
EFFECTIVE DATE: October 18, 1978