HomeMy WebLinkAboutORDINANCE 0340-1977 CITY OF KE~IAI
ORDINAl/CE NO. 340-77/78
AN ORDINANCE OF THE COUNCIL OF THE CITY OF I(ENAI, ALASKA, ADOPTING THE. ANNUAL
BUDGET FOR FlttCAL YEAR COMMENCING JULY I, 1977 AND ENDING JUNE 30, 1978 AND I~ETTING
THE TAX LEVY FOR SAID FISCAL YEAR.
WHEREAS, it is a requirement of the Code of the City of Kenal, Alaska, that the City Council,
not less than ten (I0) days prior to tbs. end of the fiscal year, adopt a budget for the following
fiscal year and make an appropriation of the money 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 I: A tax in the amount of 15.0 mills is hereby levied egainet all
taxable x*eal and personal property in the City of Y.~.nai for the fiscal year commencing on tl~e
let day of July, 1977, and ending on the 30th day of June, 1978.
Seotion 2: That certain document entitled "City of Kenal 1977-1978 Annual
Budget" which is attached herew and ~corporated herein by reference, is hereby adopted
as the budget for the City of lCenai for the fiscal year commencing July I, 1977 and ending
June 30, 1978.
ORDINANCE NO. 340-77/78, Page Two
Ssctlon 3: The following sums of money are hereby appropriated for the
operations, corporate purposes and objects of the City of Kenat for the fiscal year commencinf;
on the 1st day of July, 1977 and ending the 30th day of Juae, 1979 to defray all expenses and
liabilities of the City during the fiscal year to be expended consistent with and subject to the
restriettens, 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:
General Fund Operating Budget
Restricted Reserve - Capital Improvements
Restricted Reserve - Contingency
Water and Sewer Fund
Airport Terminal Fund
Airport Land System Fund
Debt Service Fund
2,069,210
305,000
3i,829
2,406,039
280,000
105,691
187,201
551,068
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA this 8th day of June, 1977.
ATTEST:
~Suo/C.-Peter, City Clerk
AMF.8 A. ELSOIg, MAYOR
FIRST READING:
SECOND READING:
EFFECTIVE DATE:
May 18, 1977
June 8, 1977
July 1, 1977