HomeMy WebLinkAboutOrdinance No. 3290-2022u
711,
KENAI
CITY OF KENAI
ORDINANCE NO. 3290-2022
Sponsored by: Administration
AN ORDINANCE AUTHORIZING THE RETURN OF FUNDS REMAINING FROM COMPLETED OR
CANCELED CAPITAL PROJECTS TO THE GENERAL, AIRPORT SPECIAL REVENUE AND WATER
AND SEWER SPECIAL REVENUE FUNDS.
WHEREAS, residual funds remain in capital project funds which resulted from completed or canceled
capital projects; and,
WHEREAS, return on these funds to the original operating fund provides a clearer picture on the available
resources of the operating funds; and,
WHEREAS, within the Kenai Recreation Center Capital Project Fund there is $77,500 remaining from a
FY19 appropriation of $27,500 for recreation center improvements and $50,000 from an FY20
appropriation for drainage improvements; and,
WHEREAS, $35,000 remains in the IT Capital Project Fund from the canceled IT Master Plan project.
That is being canceled as funding was insufficient for the scope of services that was requested; and,
WHEREAS, $766 remains in the Kenai Fine Arts Improvement Capital Project Fund after completion of
renovations to the Kenai Fine Arts Building; and,
WHEREAS, $4,539 remains in the Airport Terminal Improvement Capital Project Fund after completion
of the Terminal Rehabilitation Project; and,
WHEREAS, $143,878 remains in the Water & Sewer Improvement Capital Project Fund including
$12,048 from the Kenai Spur Highway watermain crossing, $11,430 from an FY18 project for lift station
upgrades, $110,400 from an FY19 appropriation for Reservoir #1 telemetry upgrades, and $10,000 from
other completed capital projects; and,
WHEREAS, $3,426 remains in the Waste Water Treatment Plant Improvements Capital Project Fund for
other completed capital projects; and,
WHEREAS, return of the available funds to the fund from which they came provides a better accounting
of reserves and the funds are available for re -appropriation by Council.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, AS
FOLLOWS:
Section 1. That the return of funds from completed or canceled capital projects to the following funds
is authorized:
General Fund from
Recreation Center Improvement Capital Project Fund $ 77,500
Information Technology Improvement Capital Project Fund 35,000
Kenai Fine Arts Improvement Capital Project Fund 766
$=20
Airport Special Revenue Fund from:
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Ordinance No. 3290-2022
Page 2 of 2
Airport Snow Removal Equipment Capita[ Project Fund $ 803,196
Terminal Improvement Capita[ Project Fund 4.539
M$47�7
Water & Sewer Special Revenue Fund from:
Water & Sewer Improvement Capital Project Fund $143,878
Waste Water Treatment Plant Improvement Capital Project Fund 3,426
$14_Z D4
Section 2. Severability: That if any part or provision of this ordinance or application thereof to any
person or circumstances is adjudged invalid by any court of competent jurisdiction, such judgment shall
be confined in its operation to the part, provision, or application directly involved in all controversy in
which this judgment shall have been rendered, and shall not affect or impair the validity of the remainder
of this title or application thereof to other persons or circumstances. The City Council hereby declares
that it would have enacted the remainder of this ordinance even without such part, provision, or
application.
Section 3. Effective Date: That pursuant to KMC 1.15.070(f), this ordinance shall take effect
immediately upon enactment.
ENACTED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, THIS 1' DAY OF JUNE, 2022.
ATTEST:
Miche M. er, MC, City Clerk
Approved by Finance:
��'g-
Brian Gabriel Sr., Mayor
Introduced:
May 18, 2022
Enacted:
June 1, 2022
Effective:
June 1, 2022
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K I N A
City of Kenai 1 210 Fidalgo Ave, Kenai, AK 99611-7794 1 907.283.7535 1 www.kenaixity
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Paul Ostrander, City Manager
FROM: Terry Eubank, Finance Director
DATE: May 10, 2022
SUBJECT: Ordinance 3290-2022 Returning Unspent Capital Project Funds From
Completed or Canceled Capital Project to the Originating Fund.
The purpose of this memo is to recommend enactment of Ordinance 3290-2022. Ordinance
3290-2022 authorizes the return of funds from completed or canceled capital projects to the fund
from which the funding originated. Return of these funds is important to avoid available funds
from being in multiple funds making it more difficult to determine resources.
The Ordinance will return $113,266 to the General Fund, $807,735 to the Airport Special Revenue
Fund, and $147,304 to the Water and Sewer Special Revenue Fund. Your support for Ordinance
3290-2022 is respectfully requested.