HomeMy WebLinkAbout2024-02-07 Council PacketKenai City Council - Regular Meeting Page 1 of 3
February 07, 2024
Kenai City Council - Regular Meeting
February 07, 2024 ꟷ 6:00 PM
Kenai City Council Chambers
210 Fidalgo Avenue, Kenai, Alaska
www.kenai.city
**Telephonic/Virtual Information on Page 3**
Agenda
A. CALL TO ORDER
1. Pledge of Allegiance
2. Roll Call
3. Approval of the Agenda and Consent Agenda (Public comments on Consent Agenda Items
limited to three (3) minutes per speaker; thirty (30) minutes aggregated)
*All items listed with an asterisk (*) are considered to be routine and non-controversial by the council
and will be approved by one motion. There will be no separate discussion of these items unless a
council member so requests, in which case the item will be removed from the consent agenda and
considered in its normal sequence on the agenda as part of the General Orders.
B. SCHEDULED ADMINISTRATIVE REPORTS
1. Kenai Permanent Fund Annual Review, 2023 Financial Performance, Financial Projections and
Recommended 2024 Asset Allocations for the City’s Permanent Fund, Brandy Niclai and Bill
Lierman, from Alaska Permanent Capital Management.
C. SCHEDULED PUBLIC COMMENTS (Public comments limited to ten (10) minutes per speaker)
1. Project Homeless Connect 2024, Jodi Stuart, Project Homeless Connect Publicity Chair.
2. Kenai Chamber of Commerce and Visitor Center Annual Report, Samantha Springer, Executive
Director.
D. UNSCHEDULED PUBLIC COMMENTS (Public comments limited to three (3) minutes per speaker;
thirty (30) minutes aggregated)
E. PUBLIC HEARINGS
1. Ordinance No. 3388-2024 - Increasing Estimated Revenues and Appropriations in the General
Fund for the City’s Joint Participation in the Kenai Peninsula Borough’s Safe Streets and Roads
for All Action Plan Grant Through the United States Department of Transportation.
(Administration)
2. Ordinance No. 3389-2024 - Accepting and Appropriating Donations from Kenai Senior
Connection, Inc., to the Kenai Senior Center. (Administration)
3. Ordinance No. 3390-2024 - Increasing Estimated Revenues and Appropriations in the Airport
Fund to Purchase Air Service Development Professional Services at the Kenai Municipal Airport
for Costs in Excess of Budgeted Amounts. (Administration)
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Kenai City Council - Regular Meeting Page 2 of 3
February 07, 2024
4. Resolution No. 2024-05 - Amending the Employee Classification Plan by Reclassifying the
Public Works Building Official/Manager to a Building Official and Adjusting the Range for this
Class. (Administration)
5. Resolution No. 2024-06 - Designating the Investment and Allocation Plan for the City’s
Permanent Funds and Establishing Appropriate Benchmarks to Measure Performance for
Calendar Year 2024. (Administration)
6. Resolution No. 2024-07 - Adopting the City’s Capital Improvement Plan for Fiscal Years 2025-
2029. (Administration)
F. MINUTES
1. *Regular Meeting of January 17, 2024. (City Clerk)
G. UNFINISHED BUSINESS
H. NEW BUSINESS
1. *Action/Approval - Bills to be Ratified. (Administration)
2. *Action/Approval - Purchase Orders and Purchase Order Amendments Requiring Council
Approval in Accordance with KMC 7.15.020. (Administration)
3. *Action/Approval - Confirmation of Mayoral Nomination for Appointment to the Council on
Aging. (Gabriel)
4. *Ordinance No. 3393-2024 - Accepting and Appropriating Donations to the Kenai Animal
Shelter for the Care of Animals. (Administration)
5. *Ordinance No. 3394-2024 - Increasing Estimated Revenues and Appropriations in the
General Fund to Provide Supplemental Funding to the Street Lights Repair and Maintenance
Operational Budget. (Administration)
6. *Ordinance No. 3395-2024 - Increasing Estimated Revenues and Appropriations in the
General Fund for Radio Advertising and Approving Council Policy 20.030-Radio Advertising for
Public Meetings and Elections. (Douthit)
7. *Ordinance No. 3396-2024 - Amending Kenai Municipal Code 4.31.015 - Local Amendments
to the 2009 International Fuel Gas Code for Housekeeping Purposes. (Administration)
8. *Ordinance No. 3397-2024 - Increasing Estimated Revenues and Appropriations in the Water
Sewer Capital Project Fund for the Cemetery Creek Culvert Replacement Project and Accepting
a Donation from the Kenai Foundation in Support of the Project. (Administration)
9. *Ordinance No. 3398-2024 - Amending Kenai Municipal Code Title 6 - Elections, to Enhance
Consistency, Promote Efficiencies and Make Housekeeping Changes. (City Clerk)
10. Action/Approval - Authorizing the City Manager Enter into an Agreement with Nutrien US, LLC.
for the Purpose of Loaning the Steelhead Drilling Platform Model for Display at the Nutrien’s
Local Facility. (Administration)
I. COMMISSION / COMMITTEE REPORTS
1. Council on Aging
2. Airport Commission
3. Harbor Commission
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Kenai City Council - Regular Meeting Page 3 of 3
February 07, 2024
4. Parks and Recreation Commission
5. Planning and Zoning Commission
6. Beautification Committee
J. REPORT OF THE MAYOR
K. ADMINISTRATION REPORTS
1. City Manager
2. City Attorney
3. City Clerk
L. ADDITIONAL PUBLIC COMMENTS
1. Citizens Comments (Public comments limited to five (5) minutes per speaker)
2. Council Comments
M. EXECUTIVE SESSION
N. PENDING ITEMS
1. Ordinance No. 3391-2024 - Amending the Imagine Kenai 2030 Comprehensive Plan Land Use
Plan Map for Certain Parcels from Industrial to Mixed-Use. (Knackstedt) [Referred to the Harbor
Commission and Planning & Zoning Commission; City Council Public Hearing Scheduled for
February 21, 2024.]
2. Ordinance No. 3392-2024 - Amending the Kenai Zoning Code to Add a New Zoning District,
Working Waterfront (WW) and Amending the Official Zoning Map for Certain Parcels from
Heavy Industrial (IH) to Working Waterfront (WW) or Conservation (C) Zoning District.
(Knackstedt) [Referred to the Harbor Commission and Planning & Zoning Commission; City
Council Public Hearing Scheduled for February 21, 2024.]
O. ADJOURNMENT
P. INFORMATION ITEMS
The agenda and supporting documents are posted on the City’s website at www.kenai.city. Copies of
resolutions and ordinances are available at the City Clerk’s Office or outside the Council Chamber prior
to the meeting. For additional information, please contact the City Clerk’s Office at 907-283-8231.
Join Zoom Meeting OR
https://us02web.zoom.us/j/82853332754 Dial In: (253) 215-8782 or (301) 715-8592
Meeting ID: 828 5333 2754 Passcode: 086363 Meeting ID: 828 5333 2754 Passcode: 086363
Page 3
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
B L A K E P H I L L I P S , C F A ® ( 9 0 7 ) 6 4 6 –3 5 0 5 W W W . A P C M . N E T
CITY OF KENAI PERMANENT FUNDS
ANNUAL REVIEW
for the period ending December 31, 2023
Agenda
1.Historical Review
2.Strategic Review
3.Appendix
Page 4
Account Summary as of December 31, 2023
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
Account Inception September 2008
Total Contributions $22,644,733
Withdrawals
Does not include custodial or management fees $16,230,442
Current Market Value
December 31, 2023 $34,151,481
Annualized Account Return*
Inception – December 31, 2023 +7.33%
Effective Annual Fee Rate
December 31, 2023 0.16%
Strategic Asset
Allocation
Risk Assets 54%
Risk Control 29%
Alternatives 17%
*Performance is gross of management fees, net of internal fund fees, and annualized for periods greater than one year.
1
Page 5
Historical Market Value as of December 31, 2023
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S2
15.6 13.1
-0.1
12.0 13.5
6.0
-0.1
7.5 12.0
-4.5
17.1
10.8 11.9
-13.6
12.8
$(5)
$-
$5
$10
$15
$20
$25
$30
$35
$40
2008 2010 2012 2014 2016 2018 2020 2022
Mi
l
l
i
o
n
s
Market Value as of December 31, 2023:
$34,151,481
The annualized return of the Kenai Permanent Funds has been
+7.33% since inception.
Chart shows month-end portfolio market value from September 2008 to December 2023 and calendar year returns from December 2008 to December 2023. Performance is gross of
management fees and net of internal fund fees. Annualized portfolio return begins September 30, 2008.
Page 6
Historical Review
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S3
Historical Review Strategic Review Appendix
Page 7
Historical Performance
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S4
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Calendar Year Return 15.59 13.09 -0.13 11.97 13.48 6.03 -0.15 7.49 12.03 -4.50 17.04 10.84 11.93 -13.61 12.78
Worst Month -6.09 -4.79 -6.05 -4.31 -2.10 -2.41 -3.65 -2.50 0.04 -4.28 -2.84 -8.40 -2.88 -7.04 -3.31
Best Month 5.73 5.66 7.04 3.98 3.42 2.84 3.92 4.73 1.74 2.05 5.05 7.06 3.17 5.35 6.44
Eurozone
Crisis
Chinese
Stock
Market
Crash
COVID-19
pandemic
Performance is gross of management fees and net of internal fund fees.
Despite
intra-year
declines, the
portfolio has
experienced a
positive return
in 73% of
calendar years
since inception.
HISTORICAL
REVIEW
Great
Recession
Page 8
MSCI ACWI IMI
MSCI EAFE IMI
MSCI EM IMI
U.S. Aggregate
Global Agg Ex USD
1-5 G/C
Commodities
U.S. REIT
Global Infra.
3M T-Bill
City of Kenai Permanent
Funds
60% Stocks / 40% Bonds
-4%
-2%
0%
2%
4%
6%
8%
10%
0%5%10%15%20%25%30%
HI
G
H
E
R
R
E
T
U
R
N
LOWER RISK
Risk and Return
Annualized Since Inception
Historical Risk and Return as of December 31, 2023
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S5
❖The graphic depicts
realized risk and
annualized return for
the City of Kenai
Permanent Funds
(7.33% return) since
inception relative to a
60% equity / 40% fixed
income portfolio (5.96%
return), illustrating the
benefits of strategic
planning and APCM’s
portfolio construction.
Performance is gross of management fees, net of internal fund fees, and annualized for periods greater than one year. Portfolio inception
performance begins on September 30, 2008. Source: Bloomberg. 60% Stocks / 40% Bond portfolio represented by a blend of the ACWI IMI index
and Global Agg.
HISTORICAL
REVIEW Page 9
Historical Asset Allocation
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
HISTORICAL
REVIEW
6
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Strategic Asset Allocation Since Inception
Large Cap Equity Mid Cap Equity Small Cap Equity International Equity Emerging Markets Equity
U.S. Fixed Income U.S. 1-5 Year Gov/Credit U.S. Corporate High Yield TIPS International Fixed Income
Cash REITs Infrastructure Commodities Alternative Beta
In 2022, the Council adopted a new asset allocation that incorporated additional asset classes,
including alternative beta. This change was beneficial, because in the calendar year 2022, global
stocks returned -18.36%, global bonds returned -16.25%, and alternative beta returned -5.62%.
Page 10
Building in Reinforcements for 2024
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S7
APCM’s 2024 strategy is designed to accommodate an array of
macroeconomic and market scenarios
Bond yields are attractive, and in the event of a recession, declining yields are expected to
provide attractive returns, surpassing the returns of alternative beta. APCM maintains an
overweight to bonds funded by alternative beta to leverage this situation. While equities
seem relatively expensive compared to bonds, we see potential opportunities within high-
quality names. Nonetheless, equities may continue to be supported if the economy proves
more resilient than currently anticipated of if monetary policy starts to normalize. As a
result, we maintain a neutral stance on equities, emphasizing the importance of
sustaining exposure to risk assets to balance potential upside gains with downside risks.
Additionally, we highlight the significance of exposure to oil, which serves as a hedge against
geopolitical risks in the Middle East.
Neutral
Risk
Assets
Underweight
Alternatives
Overweight
Risk
Control
HISTORICAL
REVIEW Page 11
Current Asset Allocation as of January 26, 2023
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S8
HISTORICAL
REVIEW
Alternative
Beta Infrastructure REITs U.S. Large Cap
Equity
U.S. Mid Cap
Equity
U.S. Small Cap
Equity
Developed
International
Equity
Emerging
Market Equity
U.S. High Yield
Fixed Income
U.S. Fixed
Income Cash
Alternatives Risk Asset Risk Control
Tilt%1%2%1%1%
Core%8%5%1%21%9%5%7%5%4%28%3%
SAA%10%5%2%22%10%5%8%5%4%26%3%
0%
5%
10%
15%
20%
25%
30%
W
e
i
g
h
t
Core%Tilt%SAA%
Page 12
Strategic Review
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S9
Historical Review Strategic Review Appendix
Page 13
▪APCM‘S prudent investment process
is an integrated set of steps undertaken
consistently to create and maintain an
optimal portfolio.
▪APCM designed this process to promote
and protect the City’s interests
and continuously confirm that each
client’s customized strategy achieves
the highest return possible given a
specified level of risk.
▪This process is perpetual and formal
reviews conducted each year maintain a
customized investment strategy.
An increase in APCM’s 10-year inflation expectations due to high inflation in the first few
years have been sufficiently offset by an increase in the expected return for the current
strategic asset allocation.
APCM does not have any recommendations for the Council at this time.
Prudent Investment Management Process
A framework for sound decision making
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S10
Risk
Target
APCM collaborates with clients to
develop investment solutions
based on their unique
requirements and liquidity needs.
Plan Analyze
Expert Guidance Optimized Portfolio
Consistent Reporting
ImplementReview
Customized Solution
Portfolios are designed, using an
analytical framework, to meet
clients’ return needs, risk
tolerance, and time horizon.
APCM invests and monitors the
customized portfolio, positioning
it dynamically based on the
results of the Planning stage and
current conditions.
Portfolio Review
Portfolio performance & current market
Strategic Review
Long term return expectations, goals,
objectives & constraints
STRATEGIC
REVIEW Page 14
Portfolio Objectives and Expectations
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S11
Risk
Assets
54%Alternatives
17%
Risk
Control
Assets
29%
Return and Risk Characteristics Current Asset Allocation
Expected Range*
Annual Return (Gross)7.8%-11.3% to 29.7%
Long-Term Return (Gross)7.3% (6.6% 2022)7.0% to 7.6%
Net Earnings
Long-Term Return Less 2.5% Expected Inflation 4.8%4.5% to 5.1%
Avg. Loss in Extreme Conditions (Gross)
Within a 1-Year Horizon -24.4%
Preservation
of
Capital
Sustain a
3.8% to 4.2%
withdrawal
Inflation
Protection
Withdrawals
have averaged
$1.1M
per year since
they began in
2009, for a
total of $16.2M.
* Range denotes the 95% confidence interval. Risk and return data from Windham Portfolio Advisor. APCM’s inflation expectation has been adjusted for CPI from PCE.
STRATEGIC
REVIEW Page 15
Wealth Simulations 10-Year Horizon
City of Kenai Permanent Funds
▪All simulations utilized a $28.3M starting market
value for the ALSPF and $3.7M for the GLSPF. No
contributions were included for either Fund.
▪Withdrawals for the ALSPF conformed to City of
Kenai Municipal Code 7.30.020(5)(i) utilizing the
actual change in CPI-U when available and
APCM’s forward-looking CPI expectation of 2.5%
for all future dates.
▪Withdrawals for the GLSPF conformed to City of
Kenai Municipal Code 7.30.020(6) utilizing the
actual change in CPI-U when available and
APCM’s forward-looking CPI expectation of 2.5%
for all future dates.
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
STRATEGIC
REVIEW
12
Distributions 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
ALSPF* ($ millions)1.09 1.12 1.14 1.15 1.18 1.23 1.26 1.30 1.34 1.40
GLSPF ($ thousands)150 160 160 170 180 180 190 200 200 210
Risk and return data from Windham Portfolio Advisor. Withdrawals shown at the 50th percentile. *All distributions simulated at the 50th percentile were at the 3.8% rate.
$23.4
Expected
(50%)
$39.3
$66.5
$20
$30
$40
$50
$60
$70
Airport Land Sale Permanent Fund
(ALSPF)
M
i
l
l
i
o
n
s
50%
of
outcomes
20%
of
outcomes
20%
of
outcomes
$3.9
Expected
(50%)
$5.3
$8.4
$3
$4
$5
$6
$7
$8
$9
General Fund Land Sale Permanent
Fund (GLSPF)
50%
of
outcomes
Monte Carlo Simulations
Page 16
ALSPF Appropriations Policy
City of Kenai Municipal Code 7.30.020(5)(i)
▪Appropriations from the ALSPF may be made as follows:
In any fiscal year, the amount available for appropriation for airport operations and capital needs will be based
upon the five (5) year average of the fund’s calendar year end market value. An amount not to exceed three
and four-fifths percent (3.8%) of the five (5) year average market value may be distributed if the average
market value is less than the fund’s inflation adjusted principal balance. An amount not the exceed four
and one-fifth percent (4.2%) of the five (5) year average market value may be distributed if the average
market value is greater than the fund’s inflation adjusted principal balance.
▪Due to high inflation in 2022, coupled with negative returns in both the stock and bonds
markets, there was a 20% shift between market value and inflation adjusted principal. At the
end of 2022, inflation adjusted principal was $30.2M and corpus was $26.1M, a difference of
$4.1M.
▪In 2023, strong returns and moderating inflation have improved this picture. At the end of the
year, inflation adjusted principal was $31.3M and market value $28.3M, a difference of 3.0M.
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
STRATEGIC
REVIEW
13
Page 17
ALSPF Withdrawal Amounts 10-Year Horizon
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
STRATEGIC
REVIEW
14
$1.06 $1.05 $1.02 $0.96 $0.94 $0.92 $0.91 $0.90 $0.90 $0.90
$1.09 $1.12 $1.14 $1.15 $1.18 $1.23 $1.26 $1.30 $1.34 $1.40
$1.13
$1.21
$1.43
$1.54
$1.69
$1.84
$1.98
$2.14
$2.30
$2.44
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
95th Percentile 75th Percentile 50th Percentile 25th Percentile 5th Percentile
Risk and return data from Windham Portfolio Advisor. Withdrawals calculated based upon City of Kenai Municipal Code 7.30.020(5)(i).
The probability that the ALSPF may withdraw at
the 4.2% rate begins at 0% and increases to 37%
over the simulation horizon.
Page 18
GLSPF Appropriations Policy
City of Kenai Municipal Code 7.30.020(6)
▪Appropriations from the GLSPF shall be limited to the lesser of the cumulative earnings at
calendar year end for the fund or four percent (4%) of the fund’s fair market value as of
December 31st of each year. “Cumulative earnings” is defined as the market value at calendar year
end minus the fund’s inflation adjusted balance.
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
STRATEGIC
REVIEW
15
December 31, 2022 December 31, 2023
Inflation Adj Corpus $3,361,272 $3,482,301
Ending Market Value $3,241,285 $3,655,682
Reserve Size -$119,987 $173,382
4% of Market Value $134,451 $146,227
Transfer Amount $0 $146,227
Remaining Reserve after Transfer -$119,987 $27,154
Page 19
GLSPF Key Data Points 10-Year Horizon
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
STRATEGIC
REVIEW
16
81%
The probability end of year market
value exceeds inflation adjusted
principal at the end of each calendar
year, and therefore a withdrawal may
be made from the GLSPF increases
from 69% to 81% over the
simulation horizon.
Best Case
Withdrawal
$294K
Average
Withdrawal
$177K
The average annual withdrawal at
the 50th percentile over all
simulations is expected to
be $177K, while the best
case (5th percentile)
single withdrawal is
expected to be $334K.
The average earnings reserve at
the 50th percentile over all
simulations was $403K,
while the ending earnings
reserve is expected
to be $869K.
Ending Earnings Reserve $869K
Average Earnings Reserve $403K69%
Page 20
Appendix
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S17
Historical Review Strategic Review Appendix
Page 21
Portfolio Review
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S18
Page 22
Historical Market Value as of December 31, 2023
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
PORTFOLIO
REVIEW
19
15.6 13.1
-0.1
12.0 13.5
6.0
-0.1
7.5 12.0
-4.5
17.1
10.8 11.9
-13.6
12.8
$(5)
$-
$5
$10
$15
$20
$25
$30
$35
$40
2008 2010 2012 2014 2016 2018 2020 2022
Mi
l
l
i
o
n
s
Market Value as of December 31, 2023:
$34,151,481
The annualized return of the Kenai Permanent Funds has been
+7.33% since inception.
Chart shows month-end portfolio market value from September 2008 to December 2023 and calendar year returns from December 2008 to December 2023. Performance is gross of
management fees and net of internal fund fees. Annualized portfolio return begins September 30, 2008.
Page 23
Asset Allocation as of December 31, 2023
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
PORTFOLIO
REVIEW
20
Asset Class Strategic
Weight
Overweight /
Underweight Range
Risk Control 29%0.9%
Risk Control US Fixed Income 26%-0.1%6 - 36%
Cash 3%1.0%0 - 10%
Risk Assets 54%-0.2%
Risk Assets High Yield 4%-0.2%0 - 8%
US Large Cap 22%-0.5%12 - 32%
US Mid Cap 10%0.3%0 - 18%
US Small Cap 5%0.3%0 - 10%
International Equity 8%0.0%4 - 16%
Emerging Markets 5%-0.1%0 - 10%
Alternatives 17%-0.7%
Alternatives Real Estate 2%0.1%0 - 4%
Infrastructure 5%0.0%0 - 10%
Alternative Beta 10%-0.9%0 - 15%
25.9%
4.0%
3.8%
21.5%
10.3%
5.3%
8.0%
4.9%
2.1%
5.0%
9.1%
US Fixed Income
Cash
High Yield
US Large Cap
US Mid Cap
US Small Cap
International Equity
Emerging Markets
Real Estate
Infrastructure
Alternative Beta
Ri
s
k
C
o
n
t
r
o
l
Ri
s
k
A
s
s
e
t
s
Al
t
e
r
n
a
t
i
v
e
s
Current
Weight
Page 24
Account Performance as of December 31, 2023
City of Kenai Permanent Funds
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
PORTFOLIO
REVIEW
21 T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S21
7.33
5.59
7.18
2.93
11.93
-13.61
12.78
7.46
5.76
7.36
2.92
11.58
-13.93
13.51
-20%
-10%
0%
10%
20%
Since Inception 10 Year 5 Year 3 Year CY 2021 CY 2022 CY 2023
To
t
a
l
R
e
t
u
r
n
Kenai PF Strategic Benchmark
All returns are net of internal fund fees, gross of management fees, and annualized for periods greater than one year. Portfolio inception performance begins on September 30, 2008.
Strategic benchmark is a blended return of the account’s target allocation.
Page 25
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S22
Market Review
APCM 2024 Views
For APCM’s full 2024 outlook, please see the short presentation linked above.
Page 26
Robust Economic Resilience in 2023
2023 Recap
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S23
MARKET
REVIEW
5.7
8.7
1.9
2.7
0.0
1.3 1.1 0.8
2.5
0.6
2.4
-0.5 -0.8
2.7
4.6
1.2
-2.1 -1.5
0.6
-1.7
0.9
1.8
-1.0 -0.9
-1.0 -0.3
-2.6
0.6
2.6
0.3
0.6
0.0
0.0
1.0
-0.8
-0.3
0.0
-0.5
-0.3
0.5
0.9
0.8
0.6
0.9
5.2
6.2
3.3
7.0
-2.0
-0.6
2.7 2.6 2.3 2.1
5.2
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23
Contribution to GDP Growth
(% QoQ SAAR)
Fiscal Expenditures
Net Exports
Private Investment
Personal Consumption
Total GDP Growth
3.0
0.0
1.5
4.9
-0.1
-0.4
1.4
4.4
U.S.Eurozone Japan China
Q3 2023
Real GDP Growth has been Strong and
Exceeded Expectations YTD
(% YoY)
Final Estimated
The global economy displayed remarkable resilience in 2023, and inflation generally slowed, easing
recessionary fears. In the U.S., Fiscal support contributed significantly to robust economic
performance, and interest rates remain near the highest level seen in decades as inflation is still
modestly above central bank targets.
Page 27
2023 Asset Class Returns
2023 Recap
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S24
Data: Bloomberg. Asset class performance is represented by the stated index return. Returns annualized for periods greater than one year.
Cash
U.S. Fixed
Income
1-5 Gov.
Credit TIPS
Intl. Fixed
Income
HY Fixed
Income
U.S. Large
Cap
U.S. Mid
Cap
Mid Cap
Quality
U.S. Small
Cap
Small Cap
Quality
Dev. Ex-
U.S.
Emerging
Markets Comm.
Real
Estate Infra.Alt. Beta
Dec. 2023 0.5 3.8 1.6 1.1 3.2 3.9 4.5 8.7 7.6 12.8 11.7 5.3 3.9 -2.7 9.9 4.6 0.4
CY' 2023 5.3 5.5 4.9 4.6 8.7 13.8 26.3 16.4 29.9 16.1 36.5 18.2 9.8 -7.9 13.8 8.8 4.4
CY' 2022 1.5 -13.0 -5.5 -2.7 -12.7 -11.9 -18.1 -13.1 -12.2 -16.1 -14.1 -14.5 -20.1 16.1 -24.4 -10.1 -5.6
5 Year 1.9 1.1 1.5 3.4 1.0 5.0 15.7 12.6 18.0 11.0 18.3 8.2 3.7 7.2 7.2 6.7 2.6
EQUITIES ALTERNATIVESFIXED INCOME
ALTERNATIVESRISK CONTROL RISK ASSETS
5.3%5.5%4.9%4.6%
8.7%
13.8%
26.3%
16.4%
29.9%
16.1%
36.5%
18.2%
9.8%
-7.9%
13.8%
8.8%
4.4%
-15%
-5%
5%
15%
25%
35%
T
o
t
a
l
R
e
t
u
r
n
MARKET
REVIEW
The combination of resilient growth and declining inflation has translated into healthy returns across
most asset classes. Fixed income now presents attractive forward-looking returns, offering the potential
to cushion portfolios in the event of a downturn. Bonds also appear relatively appealing compared to
stocks, although stocks, even at these levels, are not excessively priced.
Page 28
Peak Growth and Inflation
2024 Outlook
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S25
Peak Inflation Now
U.S.9.1%3.1%
Eurozone 10.6%2.4%
Japan 4.3%3.3%
China 2.8%-0.5%
We believe both growth and inflation have peaked. The robust economic
resilience witnessed in 2023 is poised to wane, yielding to weakness in the
face of diminishing fiscal support and the delayed impacts of tighter
monetary policies, which are gaining global traction.
MARKET
REVIEW
0
1
2
3
4
5
6
7
Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Real GDP Growth
(YOY %)
United States Eurozone Japan China
Page 29
Probability of Recession
2024 Outlook
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S26
This deceleration, however, is not uniform across countries. The United States seems better
positioned for a favorable economic outcome compared to Europe and the UK, where
recessions are likely. Consequently, we anticipate a divergence in economic and market
performance, prompting earlier rate cuts in Europe. In China, while there is an
acknowledgment of the need to support growth, domestic demand is expected to remain
subdued in 2024 due to insufficient stimulus in the wake of the lingering property downturn
and other challenges.
MARKET
REVIEW
0
10
20
30
40
50
60
70
As of November 30, 2023
Consensus Recession Probability in Next Twelve Months
United States Eurozone United Kingdom
Page 30
Impacts of Fiscal and Monetary Policies
2024 Outlook
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S27
Timing the business cycle is difficult. Growth could persist for some time as fiscal and monetary policies impact the
economy with long and variable lags. Noteworthy is the extension of debt maturities by households and
businesses, cushioning the economy against the gradual pass-through of rising interest rates. Post-pandemic
supply-chain normalization and potential AI-driven productivity enhancements could further bolster economic
prospects, but their immediate impact remains uncertain. Other factors that can support further growth include
healthy household and corporate balance sheets and the use of proactive financial stability policies, as
demonstrated by the U.S. Federal Deposit Insurance Corporation's swift extension of bank guarantees under
exceptional circumstances in 2023, effectively averting a recession.
MARKET
REVIEW Page 31
Global Economic Growth
2024 Outlook
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S28
While global economic growth is anticipated to be slower yet positive in 2024, historical precedents caution
against underestimating challenges. Achieving a soft landing amid elevated inflation is a rarity in central banking
history. Previous tightening cycles with policy rate hikes of 400 basis points or more have often culminated in
recession. Additionally, tight financial conditions heighten the risk of market accidents, particularly in vulnerable
sectors such as commercial real estate.
Finally, amid global uncertainties, though geopolitical strategists do not anticipate the escalation of the Middle
East war into a widespread regional conflict, risks remain which underscores the importance of maintaining
vigilance in the year ahead.
MARKET
REVIEW
1.2%
0.6%
4.5%
0.8%
United States Eurozone China Japan
2024 Projected Real GDP Growth
Page 32
Building in Reinforcements for 2024
Positioning
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S29
MARKET
REVIEW
APCM’s 2024 strategy is designed to accommodate an array of
macroeconomic and market scenarios
Bond yields are attractive, and in the event of a recession, declining yields are expected to
provide attractive returns, surpassing the returns of alternative beta. APCM maintains an
overweight to bonds funded by alternative beta to leverage this situation. While equities
seem relatively expensive compared to bonds, we see potential opportunities within high-
quality names. Nonetheless, equities may continue to be supported if the economy proves
more resilient than currently anticipated of if monetary policy starts to normalize. As a
result, we maintain a neutral stance on equities, emphasizing the importance of
sustaining exposure to risk assets to balance potential upside gains with downside risks.
Additionally, we highlight the significance of exposure to oil, which serves as a hedge against
geopolitical risks in the Middle East.
Neutral
Risk
Assets
Underweight
Alternatives
Overweight
Risk
Control
Page 33
Disclosures
T R U S T E D A D V I S O R S M O R E E X P E R T S B E T T E R A C C E S S
Important Assumptions
IMPORTANT: The projections or other information generated by Alaska Permanent Capital Management Company (APCM) regarding the likelihood of various outcomes are
hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. There can be no assurance that the projected or simulated results
will be achieved or sustained. The charts and data only present a range of possible outcomes. Actual results will vary over time, and such results may be better or worse
than the simulated scenarios. Clients should be aware that the potential for loss (or gain) may be greater than that demonstrated in the simulations. Please note that the
analysis does not take into consideration all asset classes, and other asset classes not considered may have characteristics similar or superior to those being analyzed.
Important Legal Information
These calculations are designed to be informational and educational only, and when used alone, do not constitute investment advice. APCM encourages investors to review
their investment strategy periodically as financial circumstances do change.
Model results are provided as a rough approximation of future financial performance. Actual results could produce different outcomes (either better or worse) than those
illustrated by the model, since it is not possible to anticipate every possible combination of financial market returns. APCM is not responsible for the consequences of any
decisions or actions taken in reliance upon or as a result of the information provided by the results of the model.
Other Influences on Rates of Return
Investment management fees: Returns are presented gross of management fees and include the reinvestment of all income. Actual returns will be reduced by investment
advisory fees and other expenses that may be incurred in the management of the account. The collection of fees produces a compounding effect on the total rate of return
net of management fees. As an example, the effect of investment management fees on the total value of a client’s portfolio assuming (a) quarterly fee assessment, (b)
$1,000,000 investment, (c) portfolio return of 8% a year, and (d) 1.00% annual investment advisory fee would be $10,416 in the first year, and cumulative effects of
$59,816 over five years and $143,430 over ten years. Actual investment advisory fees incurred by clients may vary.
Taxes: Unless noted otherwise, model results have not been adjusted for any state or federal taxes or penalties.
Inflation: Unless noted otherwise, model results do not adjust any inputs or outcomes for inflation. Inflation is assumed to be constant over the investment horizon.
Limitations Inherent in Model Results
Limitations include but are not restricted to the following:
Model results do not represent actual trading and may not reflect the impact that material economic and market factors might have had on APCM’s decision making if the
actual client money were being managed.
Extreme market movements may occur more frequently than represented in the model.
Some asset classes have relatively limited histories. While future results for all asset classes in the model may materially differ from those assumed in APCM’s calculations,
the future results for asset classes with limited histories may diverge to a greater extent than the future results of asset classes with longer track records.
Market crises can cause asset classes to perform similarly over time; reducing the accuracy of the projected portfolio volatility and returns. The model is based on the long-
term behavior of the asset classes and therefore is less reliable for short-term periods. This means that the model does not reflect the average periods of "bull" and "bear"
markets, which can be longer than those modeled.
The model represent APCM’s best view of the next 7-10 years, but is unlikely to reflect actual investment returns worldwide over this period.
30
Page 34
Year End Report
2023
Prepared by
Samantha Springer
Executive Director
Kenai Visitor & Cultural Center
Facility Management Services
Submitted to City of Kenai
Page 35
Table Of
Contents
YEAR IN REVIEW
FACILITY USAGE & VISITORS
STAFFING
BOARD OF DIRECTORS
HOURS OF OPERATION
FEE SCHEDULE
INVENTORY & EQUIPMENT
UPCOMING 2024 SCHEDULE
Kenai Visitor & Cultural Center Facility Management Services
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
Page 36
2023 Year in Review
As we conclude the calendar year 2023, I am pleased to present a comprehensive overview of the
achievements and milestones of the Kenai Chamber of Commerce and Visitor Center. Throughout the year,
our organization has remained steadfast in its commitment to community engagement, collaboration, and
fostering economic growth on the Kenai Peninsula.
Community Engagement and Visitors:
In the past year, the Kenai Chamber of Commerce and Visitor Center welcomed a substantial number of
visitors through its doors. The positive reception, indicative of the allure of the Kenai Peninsula, underscores
the importance of our role as a facilitator for local and tourist engagement. We emphasize the quality of
connections forged rather than merely the quantity, recognizing the value each interaction brings to our
community.
Successful Execution of Signature Events:
Our commitment to the continuity of time-honored traditions was evident in the successful execution of
signature events, notably the 4th of July celebration, Kenai Silver Salmon Derby, and Christmas Comes to
Kenai. These events contribute significantly to the social and community focus we are always striving to
achieve.
Introduction of New Community Events:
In response to evolving community interests, we introduced the Haunted Chamber, an extensive haunted
maze experience. The positive reception of this event demonstrates our willingness to provide more free
and accessible events for the community. The decision has been made to reprise the Haunted Chamber in
2024, as well as introduce more community events, lectures, and vendor events.
Strategic Collaborations with Local Businesses and the City of Kenai:
Throughout 2023, the Kenai Chamber of Commerce and Visitor Center actively nurtured relationships with
local businesses, fostering mutually beneficial collaborations. Our positive interaction with the City of Kenai
serves as a testament to our commitment to constructive partnerships that contribute to the overall
prosperity of our community.
Future Endeavors and Commitment to Excellence:
Looking ahead, the Kenai Chamber of Commerce and Visitor Center is poised for further expansion and
enhancement of its community and business events. Our dedication to being a resource for both residents
and businesses remains at the forefront of our mission. We anticipate continued growth, innovation, and
increased community impact in the coming year.
In conclusion, I extend my sincere gratitude to our members, partners, and the community at large for your
support throughout 2023. Together, we have laid a strong foundation for the Kenai Chamber of Commerce
and Visitor Center to continue serving as a positive resource on the Kenai Peninsula.
Respectfully,
Samantha Springer
Executive Director
Kenai Chamber of Commerce and Visitor Center
1.0 Kenai Visitor & Cultural Center Facility Management Services
Page 37
July
21.8%
August
19.5%
June
14.3%
October
9.5%
September
8.3%
November
8%
May
4.4%
April
4.3%
February
2.9%
2021 2022 2023
Exhibits Offered 4 4 4
Programs Offered 7 5 6
Facility Events Offered 13 8 10
Total Facility Rentals 32 14 32
Facility Usage
2.0 Kenai Visitor & Cultural Center Facility Management Services
2023 Visitors
22,451
2022 Visitors
20,091
2021 Visitors
24,024
2023 Exhibits
KCCVC Collection
Love from Alaska
Alaska Wild
Laura Dewey
2023 Programs
KCCVC Luncheons
Gingerbread Contest
Lemonade Day
Scholarship Program
Student of the Month
Job Shadow Day
2023 Events
Mother's Day Bazaar
Annual Fundraiser
4th of July Festivities and Parade
Last of the Leaves Bazaar
Silver Salmon Derby
KRM Feed
Kenai River Marathon
Haunted Chamber
Christmas Comes to Kenai
Happy Holly Jolly Festival
2023 Rentals
Kenai Historical Society x 9
Job Center
Hilcorp
LeeShore Center x 4
BBNC Job Fair
City of Kenai
AEA NEVI Plan Workshop
Anchor of Hope Church
Cook Inlet Harbor Safety Meeting
Veteran's Town Hall
KP Fish Habitat
AK Gasline Development Corp.
Kenai Alt. High School
Doyon Business Meeting
CCI Industrial
Kenai Vision
KSRM
Not Your Grandma's Bazaar
Southcentral Subsistence Regional
Advisory Council
Beluga's Count
Individual Event
Page 38
Position Quantity Hours Yearly or
Seasonally
KCCVC Manager
(Executive Director)1 Salary Yearly
Finance & Retail Sales
Coordinator 1 Full Time/40hrs Yearly
Recruitment & Development
Coordinator 1 Full Time/40hrs Yearly
Front Desk 1 Part Time/32hrs Yearly
Front Desk 1 Part Time/32hrs Seasonally
Staffing
3.0 Kenai Visitor & Cultural Center Facility Management Services
Staffing notes:
The Finance & Retail Sales Coordinator and Recruitment &
Development Coordinator both have been updated to salaried
positions for 2024.
We are hopeful to gain 2-3 additional staff positions for 2024
depending on funding and availability.
Page 39
Board of Directors
4.0 Kenai Visitor & Cultural Center Facility Management Services
Page 40
Winter
Summer
Hours of Operations
5.0 Kenai Visitor & Cultural Center Facility Management Services
Closed Days
Winter Hours (Labor Day to Memorial Day)
Monday - Friday 9AM - 5PM
Summer Hours (Memorial Day to Labor Day)
Monday - Friday 9AM - 6PM
Saturday 10AM - 5PM
Sunday 12PM - 5PM
New Years Day
Presidents Day
Memorial Day
Independence Day (Floating Holiday)
Labor Day
Veterans Day
Thanksgiving Day
Day after Thanksgiving Day (Floating
Holiday)
Day before Christmas
Christmas Day
Extended Holiday Dec 26-29
Page 41
Fee Schedule
6.0 Kenai Visitor & Cultural Center Facility Management Services
Page 42
Item Owner Quantity
Phones
Front Reception Landline COK COK 1
Office #1 Wired Landline COK COK 1
Office #2 Wired Landline COK COK 2
Kenai Municipal Airport
Mounted: 24 rack card brochure rack KCCVC KCCVC 1
Mounted: 9 magazine brochure rack KCCVC KCCVC 1
Foyer
Office Desk KCCVC KCCVC 1
Metal Brochure Racks KCCVC KCCVC 5
Open sandwich board KCCVC KCCVC 1
Janitor Office
Book shelf - 4 shelves KCCVC KCCVC 1
Book shelf - 3 shelf KCCVC KCCVC 1
Vacuum KCCVC KCCVC 1
Janitorial Supplies KCCVC KCCVC 1
Mop and bucket Integrity Janitorial KCCVC 1
Metal Shelf KCCVC KCCVC 1
Women's Restroom
Trash bin KCCVC KCCVC 1
Men's Restroom
Trash bin KCCVC KCCVC 1
Front Lobby
KVCC art posters-framed KCCVC KCCVC 12
Electric open sign KCCVC KCCVC 1
Wood Counter COK COK 1
Customer Reception Desk COK COK 1
Computer Desk KCCVC KCCVC 1
White island table COK COK 1
Office Chairs KCCVC KCCVC 3
Square POS System KCCVC KCCVC 1
Retail island display rack KCCVC KCCVC 2
Postcard display rack KCCVC KCCVC 1
Notecard display rack KCCVC KCCVC 1
Whiteboards KCCVC KCCVC 1
Retail coat hooks KCCVC KCCVC 9
Retail display hooks KCCVC KCCVC 48
Metal hanging baskets KCCVC KCCVC 6
Acrylic long display rack KCCVC KCCVC 6
Retail 5 slot brochure display KCCVC KCCVC 1
Retail 5 slot brochure display KCCVC KCCVC 1
5 shelf bookcase KCCVC KCCVC 2
Acrylic 12 slot magazine rack KCCVC KCCVC 1
Acrylic 32 slot rack card brochure rack KCCVC KCCVC 2
Acrylic 12 slot rack card brochure rack KCCVC KCCVC 1
Acrylic 8 slot rack card magazine rack KCCVC KCCVC 1
Trash bin KCCVC KCCVC 3
4 shelf glass shelves COK COK 2
Boardroom
15 ft. table KCCVC KCCVC 1
Red seated chairs KCCVC KCCVC 15
Stage - 4 Piece Set KCCVC KCCVC 1
INVENTORY & EQUIPMENT
7.0.1 Kenai Visitor & Cultural Center Facility Management Services
Page 43
Copy Room
Hangers KCCVC KCCVC 283
Office supplies KCCVC KCCVC 1
Xerox Printer Xerox 1
Radio System COK COK 1
Microphones COK COK 2
Paper cutter KCCVC KCCVC 2
File organizer-4 shelf KCCVC KCCVC 1
Copy Room Storage - Downstairs
12' x 12' Shelf COK COK 3
File Cabinet KCCVC KCCVC 4
Office # 1
Bluetooth keyboard KCCVC 1
Computer Chair KCCVC 1
3 shelf bookshelf KCCVC 2
Side table KCCVC 1
2 chairs with wooden arms KCCVC 1
Trash bin KCCVC 1
Small Electric Heater KCCVC 1
Computer Desk KCCVC 1
Computer Monitor KCCVC 3
Bluetooth Mouse KCCVC 1
Office # 2
File cabinet - 4 drawer KCCVC 1
File cabinet - 3 drawer KCCVC 1
Bluetooth Mouse KCCVC 2
Paper shredder KCCVC 1
Wall shelf KCCVC 4
Computer desk KCCVC 3
Computer chair KCCVC 2
Computer monitor KCCVC 4
Bluetooth keyboard KCCVC 2
Small Electric Heater KCCVC 2
Museum Storage
20' x 8' Cabinet - 12 cubbies COK 1
File cabinets COK 3
File Cabinets KCCVC 1
Computer Chair KCCVC 1
Storage # 1
Podium with KCCVC banner KCCVC 1
5' x 6' screen KCCVC 1
10' x 7.5' screen KCCVC 1
Laptop KCCVC 1
Projector and AV Cart KCCVC 1
Da-Lite Sound System COK 1
8' metal rack-5 shelf KCCVC 2
Swivel high chair KCCVC 1
VHS player KCCVC 1
File cabinet KCCVC 1
Wall Shelf COK 1
DVD player KCCVC 1
Overhead projector KCCVC 1
Tall stanchions KCCVC 25
Storage boxes and totes KCCVC 41
7.0.2 Kenai Visitor & Cultural Center Facility Management Services
INVENTORY & EQUIPMENT ContinuedPage 44
Storage # 2
Banquet tables KCCVC 12
8' table KCCVC 11
6' table KCCVC 1
4' table KCCVC 5
Banquet chairs KCCVC 117
Lounge chairs KCCVC 12
Plotter printer KCCVC 1
Museum Room
Floor Displays COK 4
Display cases COK 24
Collection Items COK 413
Bench Seats COK 2
LG TV COK 1
DVD Player and remote Kenaitze 1
DVD-R Movie - Denai'ina Way Kenaitze 1
Chain display COK 1
Storage # 4
Storage totes KCCVC 8
Banner display KCCVC 2
Kitchen
Contents in all cabinets KCCVC 1
Coffee urns-Pumpable KCCVC 4
Coffee urns-electric KCCVC 4
Glass coffee pot KCCVC 2
Tea box KCCVC 2
Ceramic coffee supplies organizer KCCVC 1
Warming oven COK 1
Microwave COK 2
Fridge COK 1
Coca Cola Mini fridge KCCVC 1
Garbage Cans KCCVC 8
7' x 3' shelf KCCVC 1
Linens KCCVC 333
Linen Inventory
Black Round KCCVC 55
Black Rectangle KCCVC 26
Black Tall Cover KCCVC 4
Cream Round KCCVC 43
Cream Rectangle KCCVC 39
Woven Cream Rectangle KCCVC 8
Woven White Rectangle KCCVC 8
White Round KCCVC 6
White Rectangle KCCVC 6
Bright White Round KCCVC 16
Beige Rectangle KCCVC 4
Quilted Gold Round KCCVC 1
Silver Square KCCVC 40
Green Rectangle KCCVC 2
Red Round KCCVC 15
Red Rectangle KCCVC 40
Orange Round KCCVC 8
Orange Rectangle KCCVC 12
INVENTORY & EQUIPMENT Continued
7.0.3 Kenai Visitor & Cultural Center Facility Management Services
Page 45
2024 Chamber Schedule (updated 1/31/24)
8.0 Kenai Visitor & Cultural Center Facility Management Services
January
Community Business Lecture Series –January 11 -
Public Speaking
Free Family Movie Night – The Super Mario Bros –
January 23
Membership Appreciation Day – January 29
February
First Friday Artist Series – February 2 – Susan
Watkins: Point of View
Luncheon – Joint Chamber, February 7:
Commissioner Bishop, Education Priorities
Community Business Lecture Series – February 8 -
Graphic Design for Beginners
Last Chance Valentines Day Bazaar – February 10-
11th
Job Shadow Day – February 13
Luncheon – Feb 21 – Dorothy Gray - The History of
Kenai's National Historic Landmark
Free Family Movie Night – Ready Player One –
February 27
March
First Friday Artist Series – March 1: Aslee Oliver-Frey
Luncheon – Joint Chamber, March 6: Mayor
Micciche, Borough Update
Soldotna: Joint Chamber Luncheon, March 13: Kenai
Watershed Forum
Community Business Lecture Series – March 14 -
Conflict Resolution and Mediation Skills
Luncheon – Joint Chamber, March 20: Kenai Radio
Presents St. Jude
Free Family Movie Night - Elemental – March 26
April
Luncheon - Joint Chamber, April 3: Cheri Smith,
LeeShore Services and Overview
First Friday Artist Series - April 5 – Edward Marsh:
Nature’s Beauty in Southcentral Alaska
Community Business Lecture Series – April 11 -
Search Engine Optimization Basics
Grand Reopening of the Cultural Center – April 17
Luncheon April 17: City of Kenai’s Annual State of
the City
Free Family Movie Night – Indiana Jones & the Dial
of Destiny – April 23
May
Luncheon – May 1 - Open
First Friday Artist Series – May 3 – Jessie Gacal:
Shutter and Strings
Mother’s Day Bazaar – May 4 & 5th
Community Business Lecture Series – May 9 –
Business Law
Kenai Clean Up Day – May 11
Luncheon - May 15 - Open
Free Family Movie Night – Paw Patrol: Mighty
Movie – May 28
June
Luncheon – June 5 - Open
First Friday Artist Series – June 7 – Lisa Weinmeister: Loving
an industry to death
Community Business Lecture Series - June 13 – Canva Basics
Lemonade Day – June 15
Luncheon –Joint Chamber, June 19: Senator Bjorkman,
Legislative Update
Summer Solstice Fun Run – June 21
July
4th of July Parade & Festivities (Vendor Event)
First Friday Artist Series – July 5: Kelly McCaughey & Jennifer
Howell: Sisters Sea Glass
Community Business Lecture Series – July 11 - Data Analysis
with Excel
August
First Friday Artist Series – August 2: Laura Dewey: Paintings
by Laura Dewey
Luncheon – August 7 - Open
Community Business Lecture Series – August 8 – Business
Banking
Luncheon – August 21 - Open
September
Luncheon – September 4 - Open
First Friday Artist Series -September 6: Barbara Dudley:
Mandala Magic & Jessica Veal AK Pure & Simple
Community Business Lecture Series – September 12 – Event
Planning
Luncheon – September 18: Silver Salmon Derby Awards
Kenai Silver Salmon Derby: September 10-15th
Kenai River Marathon Spaghetti Feed: September 28
Kenai River Marathon: September 29
October
Luncheon – October 2 - Open
Community Business Lecture Series – October 10 – ZOOM
ONLY - Customer Service Excellence
Annual Fundraiser – October 12
Haunted Chamber – October 18-31
November
Community Business Lecture Series – November 14 –
QuickBooks Tricks
Luncheon – November 20 - Open
Gingerbread Contest – November 1-20 drop-off, voting
November 21-December 21
Christmas Comes to Kenai – November 29
December
Luncheon – December 4 - Open
Holiday Bazaar – December 7 & 8
Free Family Movie Night - Elf – December 10
Community Business Lecture Series – December 12 –
Personal Branding
Page 46
Contact Us
907-283-1991
info@kenaichamber.org
www.kenaichamber.org
Kenai Visitor & Cultural Center Facility Management Services
Page 47
Sponsored by: Administration
New Text Underlined; [DELETED TEXT BRACKETED]
CITY OF KENAI
ORDINANCE NO. 3388-2024
AN ORDINANCE INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE GENERAL
FUND FOR THE CITY’S JOINT PARTICIPATION IN THE KENAI PENINSULA BOROUGH’S SAFE
STREETS AND ROADS FOR ALL ACTION PLAN GRANT THROUGH THE UNITED STATES
DEPARTMENT OF TRANSPORTATION.
WHEREAS, the Bipartisan Infrastructure Law established the Safe Streets and Roads for All (SS4A)
discretionary program with funds over 5 years (2022-2026) available for regional, local, Tribal initiatives
through grants to prevent roadway deaths and serious injuries; and,
WHEREAS, Resolution 2022-62, adopted by City Council on September 7, 2022, supported the Kenai
Peninsula Borough’s application for a Safe Streets and Roads for All (SS4A) Action Plan Grant and
authorized the City to be included as a joint applicant for the purposes of developing a comprehensive
safety action plan (“project”) for the Kenai Peninsula Borough and the participating cities; and,
WHEREAS, the SS4A Action Plan Grant is funded at an 80/20 cost share rate with 80% provided by the
Federal government and the remaining 20% provided by the applicants; and,
WHEREAS, the duration of the project is expected to take two (2) years, with a total cost of $1,200,000
with a 20% matching of $240,000 shared between joint applicants; and,
WHEREAS, as a joint applicant, the City’s portion of the project totals $21,449 which can be either in-
kind services or monetary payments; and,
WHEREAS, the City’s shared cost would require approximately 250 hours of in-kind services, which is
equivalent to 6 weeks of staff time; and,
WHEREAS, the project is estimated to require approximately 80 hours from city staff since a consultant
would develop the project; and,
WHEREAS, development of the project will better position the City to create safer streets and
communities, and to pursue further grant opportunities in future funding cycles to improve safety and help
prevent deaths and serious injuries on the road systems within the City; and,
WHEREAS, it is in the best interest of the City of Kenai to appropriate funds for this purpose.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, AS
FOLLOWS:
Section 1. That the estimated revenues and appropriations be increased as follows:
General Fund
Increase Estimated Revenues:
Appropriation of Fund Balance $14,750
Increase Appropriations:
Planning & Zoning - Miscellaneous $14,750
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Ordinance No. 3388-2024
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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 7TH DAY OF FEBRUARY, 2024.
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
Approved by Finance: _________________
Introduced: January 17, 2024
Enacted: February 7, 2024
Effective: February 7, 2024
Page 49
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Linda Mitchell, Planning Director
DATE: January 9, 2024
SUBJECT: An Ordinance Increasing Estimated Revenues and Appropriations in the
General Fund for the City’s Joint Participation in the Kenai Peninsula
Borough’s Safe Streets and Roads for All Action Plan Grant Through the
United States Department of Transportation
On September 7, 2022, City Council passed Resolution 2022-62, supporting the Kenai Peninsula
Borough’s (KPB) application for a Safe Streets and Roads for All (SS4A) Action Plan Grant, and
authorizing the City to be included as a joint applicant. This Federal grant program is funded at
an 80/20 cost share rate, with 80% provided by the Federal government and the remaining 20%
provided by the applicants.
The purpose of the SS4A grant program is to support the US Department of Transportation’s goal
of zero deaths and serious injuries on our nation’s roads. The first step in accomplishing this goal
would require the development of a comprehensive safety action plan (“action plan”). With an
adopted action plan, the City will be in a position to be eligible for Federal implementation grants.
Other participating cities in the development of an action plan includes Seward, Soldotna,
Seldovia, and Kenai.
This project is expected to take two (2) years to complete with a total cost of $1,200,000. All
participating cities and KPB will share in the 20% cost share obligation of $240,000. The actual
cost to the City is $21,449, and this Ordinance seeks your approval for $14,740 and City staff will
provide at least 80 hours in-kind services to offset the remaining amount.
Thank you for your consideration.
Attachment
Resolution 2022-62
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Sponsored by: Administration
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CITY OF KENAI
ORDINANCE NO. 3389-2024
AN ORDINANCE ACCEPTING AND APPROPRIATING DONATIONS FROM KENAI SENIOR
CONNECTION, INC., TO THE KENAI SENIOR CENTER.
WHEREAS, Kenai Senior Connection, Inc. (Connection) is a non-profit (“501(c)(3)”) corporation whose
purpose is to provide financial assistance for the continued operations of the Kenai Senior Center; and,
WHEREAS, the Connection has a gaming license through the State of Alaska to provide fundraising
efforts through raffles with the requirement that funds acquired must be spent by the end of each year;
and,
WHEREAS, at its December 22, 2023 meeting, the Connection Board voted to give the remaining funds
of $2,850 from its gaming account to the Kenai Senior Center for its use.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, AS
FOLLOWS:
Section 1. That the City Manager is authorized to accept a donation in the amount of $2,850.
Section 2. That the following budget revision is authorized:
Senior Citizen Fund:
Increase Estimated Revenues
Donations $2,850
Increase Appropriations
Senior Access – Small Tools $2,850
Section 3. 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 4. 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 7TH DAY OF FEBRUARY, 2024.
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
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Ordinance No. 3389-2024
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Approved by Finance: _________________
Introduced: January 17, 2024
Enacted: February 7, 2024
Effective: February 7, 2024
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MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Kathy Romain, Senior Center Director
DATE: January 9, 2024
SUBJECT: Ordinance 3389-2024 Senior Center Donation
Kenai Senior Connection, Inc. (Connection), as part of its ongoing fundraising for the Senior
Center, utilizes licensed gaming for raffles sanctioned by the State of Alaska. Funds generated
through this gaming activity must be expended by the conclusion of each year.
As the gaming account held a remaining balance of $2,850 in December, the Connection Board
unanimously decided to contribute these funds to the Senior Center for specific needs that fall
outside of the current budget. The Senior Center intends to allocate the donation towards
acquiring a new smart television for the dining room and addressing additional printing
expenditures.
We extend our sincere appreciation to the Connection for their relentless fundraising endeavors
in support of the Kenai Senior Center. The commitment displayed by this group is immeasurable
and serves as a genuine testament to the well-being of the seniors within our community.
Thank you for your consideration.
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Sponsored by: Administration
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CITY OF KENAI
ORDINANCE NO. 3390-2024
AN ORDINANCE INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE AIRPORT
FUND TO PURCHASE AIR SERVICE DEVELOPMENT PROFESSIONAL SERVICES AT THE KENAI
MUNICIPAL AIRPORT FOR COSTS IN EXCESS OF BUDGETED AMOUNTS.
WHEREAS, the FY2024 Annual Budget for the City of Kenai did not include funding for air service
development professional services at the Kenai Municipal Airport; and,
WHEREAS, on November 2, 2023 New Pacific Airlines d/b/a Ravn Alaska gave a 60-day notice of the
termination of their Airline Operating Agreement ending on January 1, 2024, creating a space for a new
airline to operate at the airport; and,
WHEREAS, with the departure of Ravn, the Airport Manager and Administration are working together to
explore opportunities for developing air service, outside the traditional routes between Kenai and
Anchorage, for the Kenai Municipal Airport and the traveling public; and,
WHEREAS, consulting services are needed for specialized air service development services, including
performance of a Catchment Leakage Study (a study to estimate the travel market of the local area),
preparation of presentation materials for and air service development meetings with prospective air
carriers, and preparation of a Small Community Air Service Development (SCASD) grant application for
the Kenai Municipal Airport; and,
WHEREAS, additional appropriated funds in the amount of $34,000 are needed for the purchase of these
air service development professional services; and,
WHEREAS, expansion of air travel opportunities for residents and visitors to the area is in the best
interest of the City.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, AS
FOLLOWS:
Section 1. That estimated revenues and appropriations be increased as follows:
Airport Fund:
Increase Estimated Revenues –
Appropriation of Fund Balance $34,000
Increase Expenditures –
Administration - Professional Services $34,000
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.
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Ordinance No. 3390-2024
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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 7TH DAY OF FEBRUARY, 2024.
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
Approved by Finance: _________________
Introduced: January 17, 2024
Enacted: February 7, 2024
Effective: February 7, 2024
Page 57
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Derek Ables, Airport Manager
DATE: January 5, 2024
SUBJECT: Ordinance No. 3390-2024 Appropriation of Funds for Professional Air
Service Development Services at the Kenai Municipal Airport.
This memo recommends support of appropriating funds for professional air service development
services at the Kenai Municipal Airport.
The approved FY2024 annual budget did not include funding for air service development services.
However, with the departure of New Pacific Airlines d/b/a Ravn Alaska in November, the Airport
Manager has worked with the Administration to explore opportunities for new air service, outside
of the traditional routes offered between Kenai and Anchorage, for the Kenai Municipal Airport.
Additional funds are necessary to procure specialized air service development services to include
a Catchment Leakage Study (a study to estimate the travel market of the local area), develop
presentation materials for airport service development meetings with prospective carriers, and to
complete a Small Community Air Service Development Grant (SCASD) application for the Kenai
Municipal Airport.
Consulting services are estimated to cost $34,000, and enactment of this Ordinance will allow the
Airport to proceed to develop opportunities to meet the current and future needs of passengers
at the Kenai Municipal Airport.
Thank you for your consideration.
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Sponsored by: Administration
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CITY OF KENAI
RESOLUTION NO. 2024-05
A RESOLUTION AMENDING THE EMPLOYEE CLASSIFICATION PLAN BY RECLASSIFYING THE
PUBLIC WORKS BUILDING OFFICIAL/MANAGER TO A BUILDING OFFICIAL AND ADJUSTING THE
RANGE FOR THIS CLASS.
WHEREAS, Ordinance 3353-2023 adopted the FY2024 annual budget, salary schedule, employee
classification plan and authorized staffing table for the fiscal year commencing July 1, 2023 and ending
June 30, 2024; and,
WHEREAS, the annual budget includes current authorized staffing for a full-time Building
Official/Manager in the Public Works Department; and,
WHEREAS, the Building Official/Manager position will be vacant on February 17, 2024; and,
WHEREAS, the role of the Building Official within the Public Works Department involves critical
responsibilities related to the inspection and compliance of various buildings with applicable codes and
regulations; and,
WHEREAS, a significant increase in building permits from 2022 and 2023 emphasizes the importance of
focusing on the core job duties and responsibilities of the Building Official to enhance efficiency and
effectiveness in building compliance and administrative functions; and,
WHEREAS, the Public Works Director worked with Human Resources to amend the position description
to remove the manager responsibilities to ensure a concentrated focus on key tasks related to building
inspection and compliance; and,
WHEREAS, these proposed changes would not result in an increase to the FY2024 budget and would
result in a potential decrease beginning in FY2025; and,
WHEREAS, the duties and responsibilities of the Building Official were compared to other positions in
the City within the City’s Classification Plan to ensure an amendment to the range of the Building Official
from a 22 to a 21 fairly reflects the compensation within the City’s classification plan and is competitive
with compensation for comparable positions in other places of public employment; and,
WHEREAS, this amendment ensures that the title and range for the Building Official accurately reflects
the duties and responsibilities of the position comparable to other positions within the City, is adequate
to recruit and retain qualified candidates for the position, and is in the best interests of the City.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA:
Section 1. The Council amends the Employee Classification Plan by reclassifying the position Public
Works Building Official position as follows:
401 – Building Official [/MANAGER] Range [22]21
Section 2. That this resolution takes effect immediately upon passage.
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Resolution No. 2024-05
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PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, THIS 7TH DAY OF FEBRUARY, 2024.
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
Page 60
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Stephanie Randall, Human Resources Director
DATE: January 26, 2024
SUBJECT: Resolution 2024-05 – Amending Public Works Building Official
position
This resolution amends the City’s Classification Plan to reclassify the Building Official/Manager
classification in Public Works. This change would remove manager responsibilities, rename the
class to “Building Official”, and amend the hourly pay range.
This class of employees is staffed with a single position, was initially classified as “Building
Official,” and was reclassified in 2018 as part of the FY19 budget process. The 2018 amendment
added supervisory responsibilities, oversight of the Building Maintenance division of the Public
Works Department, and City-wide Safety Coordinator duties formerly handled between the Public
Works Director and the Building Maintenance Lead positions. As part of this amendment, the
salary range was increased two steps to reflect the additional duties.
Since that time, the position has been considered “difficult to fill” and was vacant for over a year,
between 3/19/2021 and 4/4/2022. The Building Official/Manager position will become vacant on
February 17, 2024. The Public Works Director worked with Human Resources to recommend
changes to the job description to remove the supervision of Building Maintenance and related
responsibilities, which would be temporarily reassigned to the Public Works Director until such
time as the current Public Works organizational structure assessment is complete. This proposed
change would benefit the City by allowing the Building Official to concentrate on core
responsibilities, including building inspection, compliance, administrative direction, and effective
communications with the community.
This proposed change would remove “Manager” from the job title and would result in a
reclassification to a lower pay range from 22 to 21 which remains competitive with other building
official positions in the state of Alaska.
This resolution would amend the Employee Classification Plan by reclassifying the Public Works
Building Official position as follows:
401 – Building Official [/MANAGER] Range [22]21
Your consideration is appreciated.
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Sponsored by: Administration
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CITY OF KENAI
RESOLUTION NO. 2024-06
A RESOLUTION DESIGNATING THE INVESTMENT AND ALLOCATION PLAN FOR THE CITY’S
PERMANENT FUNDS AND ESTABLISHING APPROPRIATE BENCHMARKS TO MEASURE
PERFORMANCE FOR CALENDAR YEAR 2024.
WHEREAS, pursuant to KMC 7.30.020 (a) (2) the Council of the City of Kenai annually approves an
Asset Allocation Plan for investment of the City’s Permanent Funds; and,
WHEREAS, Kenai Municipal Code 7.30.020 (b) permits investment of the Permanent Funds in various
asset classes and the Council believes that establishing asset allocation criteria for these various asset
classes is in the best interest of the City of Kenai; and,
WHEREAS, the annually approved Asset Allocation Plan provides benchmarks to measure investment
performance.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA,
Section 1. That the Council adopts the Asset Allocation Plan for calendar year 2024 as follows:
The Asset Allocation Plan and Target Weightings with range restrictions are:
ASSET CLASS TARGET % WEIGHTING RANGE %
Cash 3 0-10
Fixed Income:
Investment Grade Domestic Bonds 26 16-36
High Yield Domestic Bonds 4 0-8
Domestic Equity:
Large-Cap Domestic Equity 22 12-32
Mid-Cap Equities 10 0-18
Small-Cap Equities 5 0-10
International Emerging Markets 5 0-10
International Equity 8 4-16
Real-estate equities 2 0-4
Infrastructure equities 5 0-10
Alternative Beta 10 0-15
Section 2. The performance of the Fund and investment managers will be measured as follows:
Performance measurement of the Cash allocation will be measured against the target weighting, using
the Citi Group 90 Day T-Bill Index as the benchmark.
Performance measurement of the Investment Grade Domestic Bond allocation will be measured against
the Target weighting, using the Bloomberg Barclays U.S. Aggregate Bond Index for the benchmark.
Performance measurement of the High Yield Domestic Bond allocation will be measured against the
Target weighting, using the Bloomberg Barclays U.S. Corporate High Yield Very Liquid Bond index for
the benchmark.
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Resolution No. 2024-06
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Performance measurement of the Large-Cap Domestic Equity allocation will be measured against the
Target weighting, using the Standard & Poor’s 500 Index for the benchmark.
Performance measurement of the Mid-Cap Equity allocation will be measured against the Target
weighting, using the Standard & Poor’s 400 Mid-Cap Index as the benchmark.
Performance measurement of the Small-Cap Equity allocation will be measured against the Target
weighting, using the Standard & Poor’s 600 Small-Cap Index as the benchmark.
Performance measurement of the International Emerging Markets allocation will be measured against
the Target weighting, using the Morgan Stanley Capital International Emerging Markets index as the
benchmark.
Performance measurement of the International Equity allocation will be measured against the Target
weighting, using the Morgan Stanley Capital International Europe, Australasia and Far East (MSCI EAFE)
index for the benchmark.
Performance measurement of the Real-Estate Equities allocation will be measured against the target
weighting, using the Standard & Poor’s US REIT Index as the benchmark.
Performance measurement of the Infrastructure Equities allocation will be measured against the target
weighting, using the STOXX Global Broad Infrastructure Index as the benchmark.
Performance measurement of the Alternative Beta allocation will be measured against the target
weighting, using the Wilshire Liquid Alternatives Index as the benchmark.
Section 3. That this Resolution takes effect on immediately upon passage.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, THIS 7TH DAY OF FEBRUARY, 2024.
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
Approved by Finance: _________
Page 63
MEMORANDUM
TO: Mayor Gabriel and Council Members
FROM: Terry Eubank, City Manager
DATE: January 31, 2024
SUBJECT: Resolution No. 2024-06 – Designating the Investment Allocations of and
Establishing Appropriate Benchmarks to Measure Performance of the
City’s Permanent Funds for Calendar Year 2024.
Pursuant to KMC 7.30.020 the Council annually designates by resolution, the authorized
investments and allocation plan for the City’s Permanent Funds. Resolution No. 2024-06
establishes the allocation plan and evaluation benchmarks to be used for calendar year 2024.
There is no recommended change to the asset allocation from 2023. The portfolio is projected to
yield 7.30% on average, a 0.70% increase from last year. The portfolio is projected to have an
annual risk of 10.45% compared to last year’s risk of 10.36%. This represents an increase of 0.09%
of portfolio risk, a 1.37% increase of overall risk.
Annual risk is the variation in the expected return of the portfolio at one standard deviation,
approximately 68% of all occurrences. The risk of the portfolio is doubled at two standard deviation,
95% of all occurrences. For the proposed portfolio which has an expected annual return of 7.80%
and a ten-year expected return of 7.30%, 68% of the time the portfolio should annually return
between (2.60)% and 18.10% and 95% of the time the portfolio should return annually between
(11.30)% and 29.70%
In addition to no change in the portfolio’s asset allocation, there is also no change in the portfolio’s
benchmarks. Benchmarks are used to evaluate the portfolio’s return as compared to the return of
the market. The following is the recommended 2024 asset allocation for your review.
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2024
Asset
Allocation
Cash 3%
Fixed Income
Domestic Investment Grade Bonds 26%
High Yield Domestic Bonds 4%
Total Cash and Fixed Income 30%
Domestic Equities
US Large Cap 22%
US Mid Cap 10%
US Small Cap 5%
International Equities 8%
Emerging Market Equities 5%
Total Equities 50%
Alternative Investments
Real Estate 2%
Infrastructure 5%
Alternative Beta 10%
Total Alternative Investments 17%
Total Portfolio 100%
Expected Average Annual Return 7.80%
Expected Risk (one Standard Deviation) 10.45%
Return Range (11.30)% to 29.70%
Long-term Expected Return 7.30%
Your support for adoption of Resolution 2024-06 is respectfully requested.
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Sponsored by: Administration
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CITY OF KENAI
RESOLUTION NO. 2024-07
A RESOLUTION ADOPTING THE CITY’S CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2025-
2029.
WHEREAS, City Council held a Work Session on January 17, 2024 where the draft Capital Improvement
Plan was reviewed and discussed; and,
WHEREAS, the Capital Improvement Plan included with this Resolution is inclusive of the comments and
minor revision requests received to date; and,
WHEREAS, the Airport Commission, Harbor Commission, Planning & Zoning Commission, Parks &
Recreation Commission, Beautification Committee and Council on Aging have expressed their support
of the Plan to Council; and,
WHEREAS, the Administration supports and recommends adoption of the plan; and,
WHEREAS, adoption of this plan is in the best interest of the City; and,
WHEREAS, the Capital Improvement Plan is adjusted annually to meet the ongoing needs of the City.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA:
Section 1. Council adopts the City of Kenai Capital Improvement Plan for Fiscal Years 2025-2029.
Section 2. Council authorizes the Administration to pursue grant opportunities in support of the
Capital Improvement Plan and to submit projects through CAPSIS, the Legislative Finance Capital
Project Submission and Information System.
Section 3. That this Resolution takes effect immediately upon passage.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, THIS 7TH DAY OF FEBRUARY, 2024.
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
Page 66
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Scott Curtin, Public Works Director
DATE: January 30, 2024
SUBJECT: Resolution 2024-07 Capital Improvement Plan FY2025-2029 Adoption
This memo requests Council’s Support of Resolution 2024-07 in the adoption of the Fiscal Year
2025-2029 Capital Improvement Plan. The Plan is a collective effort with input received from staff,
commissions, committees, and the community. Projects were provided by Department Heads
starting last fall, brought forth for discussion at the City’s various commission and committee
meetings in October, November and December as well as a Council Special Work Session
Meeting on January 17, 2024. The document before you today is the result of those efforts.
Modifications of note in this final version of the Plan include the correction to Airport Master Plan
– Phase 2 in the Airport Fund listed as Project Number 3 and correcting the grant funding and city
share amounts that were transposed. Changes
have not yet been made to the General Fund
Project Number 5 for the Emergency Services
Facility Improvement – 35% Design Development,
however Council should note this Plan does not
constitute funding of these projects at this time.
Council will be presented the annual budget and will
have opportunities to modify project funding as the
finances become clearer. Council may choose to
make adjustments at that time or to provide
direction now at Council’s discretion. Within the
Water & Sewer Fund a new Project Number 8 has
been added to reflect the Cemetery Creek Culvert
Replacement Project currently being coordinated
with US Fish & Wildlife, the City, and the Salamatof
native association.
I would like to thank everyone that participated in
the development of this document as well as
Council for the opportunity to present the projects at
the Special Work Session meeting.
Council’s support is respectfully requested.
Page 67
KENAI CITY COUNCIL – REGULAR MEETING
JANUARY 17, 2024 – 6:00 P.M.
KENAI CITY COUNCIL CHAMBERS
210 FIDALGO AVE., KENAI, AK 99611
MAYOR BRIAN GABRIEL, PRESIDING
City of Kenai Council Meeting Page 1 of 7
January 17, 2024
MINUTES
A. CALL TO ORDER
A Regular Meeting of the Kenai City Council was held on January 17, 2024, in City Hall Council
Chambers, Kenai, AK. Mayor Gabriel called the meeting to order at approximately 6:00 p.m.
1. Pledge of Allegiance
Mayor Gabriel led those assembled in the Pledge of Allegiance.
2. Roll Call
There were present:
Brian Gabriel, Mayor Henry Knackstedt, Vice Mayor
Phil Daniel Deborah Sounart
Alex Douthit Victoria Askin
James Baisden
A quorum was present.
Also in attendance were:
Terry Eubank, City Manager
Scott Bloom, City Attorney
David Swarner, Finance Director
Linda Mitchell, Planning Director
Katja Wolf, Library Director
Tyler Best, Parks and Recreation Director
Scott Curtin, Public Works Director
Derek Ables, Airport Manager
Dave Ross, Police Chief
Shellie Saner, City Clerk
3. Agenda Approval
Mayor Gabriel noted the following additions to the Packet:
Add to item E.5. Public Hearing - Resolution No. 2024-04
• Public Comments
Add to item H.7. Discussion - Public Meetings Remote Participation Update
• Public Comments
Introduction of Ordinance 3391-2024 and Ordinance 3392-2024 were removed by the sponsor from the
consent agenda to be heard at their regular place on the agenda.
MOTION:
Vice Mayor Knackstedt MOVED to approve the agenda and consent agenda with the requested revisions.
Council Member Askin SECONDED the motion.
The items on the Consent Agenda were read into the record.
Page 68
City of Kenai Council Meeting Page 2 of 7
January 17, 2024
Mayor Gabriel opened the floor for public comment on consent agenda items; there being no one wishing
to be heard, the public comment period was closed.
UNANIMOUS CONSENT was requested on the agenda and consent agenda as amended.
VOTE: There being no objection; SO ORDERED.
*All items listed with an asterisk (*) are considered to be routine and non-controversial by the council and
will be approved by one motion. There will be no separate discussion of these items unless a council
member so requests, in which case the item will be removed from the consent agenda and considered
in its normal sequence on the agenda as part of the General Orders.
B. SCHEDULED ADMINISTRATIVE REPORTS - None.
C. SCHEDULED PUBLIC COMMENTS - None.
D. UNSCHEDULED PUBLIC COMMENTS
Marion Nelson, Kenai Fine Art Center Board President addressed the Council regarding a future glass
show; and reported that next year fund raising would include selling decorated Christmas Trees.
Samantha Springer, Executive Director of the Kenai Chamber of Commerce and Visitor Center addressed
the Council regarding the success of the first community business lecture series; upcoming activities at the
Visitor Center; and that she would be attending the Alaska Chamber Legislative Fly-In in Juneau to meet
with the Legislature on issues affecting Alaska business.
E. PUBLIC HEARINGS
1. Ordinance No. 3385-2024 - Accepting and Appropriating a Donation to the Kenai
Community Library for the Purchase of Library Materials and Software for Room and Event
Scheduling. (Administration)
MOTION:
Vice Mayor Knackstedt MOVED to enact Ordinance No. 3385-2024. Council Member Sounart
SECONDED the motion.
Mayor Gabriel opened the floor for public comment. There being no one wishing to be heard, the public
comment period was closed.
Appreciation was stated for the donations.
VOTE:
YEA: Askin, Gabriel, Daniel, Sounart, Knackstedt, Douthit, Baisden
NAY: None
MOTION PASSED.
2. Ordinance No. 3386-2024 - Increasing Estimated Revenues and Appropriations in the
General Fund and Municipal Roadway Improvements Capital Fund to Conduct an
Assessment of City Street Lighting. (Administration)
MOTION:
Vice Mayor Knackstedt MOVED to enact Ordinance No. 3386-2024. Council Member Askin SECONDED
the motion.
Mayor Gabriel opened the floor for public comment. There being no one wishing to be heard, the public
comment period was closed.
Page 69
City of Kenai Council Meeting Page 3 of 7
January 17, 2024
It was reported that this funding would be used to examine the issues and establish a plan for repairs;
funding for the repairs would be included in the capital improvement funding.
VOTE:
YEA: Gabriel, Daniel, Sounart, Knackstedt, Douthit, Baisden, Askin
NAY: None
MOTION PASSED.
3. Ordinance No. 3387-2024 - Increasing Estimated Revenues and Appropriations in the
General Fund and Public Works Department’s Street Division’s Professional Services
Budget to Review and Update the City’s Roadway Improvements Standards.
(Administration)
MOTION:
Vice Mayor Knackstedt MOVED to enact Ordinance No. 3387-2024. Council Member Douthit
SECONDED the motion.
Mayor Gabriel opened the floor for public comment. There being no one wishing to be heard, the public
comment period was closed.
It was reported that this would assess our current standards against the standards of other competing
local government agencies; the goal would be to removed the standards from Kenai Municipal Code and
establish a standards manual that would be approved by the City Council.
VOTE:
YEA: Daniel, Sounart, Knackstedt, Douthit, Baisden, Askin, Gabriel
NAY: None
MOTION PASSED.
4. Resolution No. 2024-03 - Adopting Goals to Guide the Preparation of the Fiscal Year
2025 Annual Budget. (Administration)
MOTION:
Vice Mayor Knackstedt MOVED to adopt Resolution No. 2024-03. Council Member Sounart SECONDED
the motion.
Mayor Gabriel opened the floor for public comment. There being no one wishing to be heard, the public
comment period was closed.
UNANIMOUS CONSENT was requested.
VOTE: There being no objection; SO ORDERED.
5. Resolution No. 2024-04 - Requesting the State of Alaska Make a Meaningful Increase to
the Base Student Allocation for Public Schools. (Douthit, Daniel)
MOTION:
Council Member Douthit MOVED to adopt Resolution No. 2024-04. Council Member Daniel SECONDED
the motion.
Mayor Gabriel opened the floor for public comment.
Duane Bannock addressed the Council in opposition to Resolution No. 2024-04 noting that although
allowed, this subject was outside of the Council’s official duties; the term meaningful was undefined in
the resolution; this did not propose a solution for the problem; and funding was not the problem.
Additional questions and comments took place regarding the flaws in the Base Student Allocation (BSA)
formula; questions regarding if the BSA was just for education or did it cover other items; the six qualifying
factors of the BSA; and the complexity of the formula.
Page 70
City of Kenai Council Meeting Page 4 of 7
January 17, 2024
There being no one else wishing to be heard, the public comment period was closed.
There was Council discussion regarding this being brought forward in response to the Kenai Peninsula
Borough BSA resolution, specifics numbers and details were left out intentionally; the resolutions lack for
identifying specifically what the funding would do to benefit education; the current State of Alaska budget
deficit; where the funding would come from; current teaching positions that are open and no applicants
for those positions; the inability to attract a larger pool of teacher applicants due to pay and benefits
currently available; the need for competitive salaries and benefits to attract quality teachers; and the
challenges associated with using a one time funding process for education.
MOTION TO AMEND:
Council Member Sounart MOVED to amend Resolution No. 2024-04 as follows:
Insert a new final whereas clause to read, “the Kenai Peninsula Borough Assembly voted
unanimously by resolution to support a BSA increase, and we hereby support their request for a
BSA increase.”
Delete Section 1 in its entirety, “[THAT KENAI CITY COUNCIL REQUESTS THE STATE OF ALASKA MAKE A
MEANINGFUL INCREASE TO THE BASE STUDENT ALLOCATION FOR PUBLIC SCHOOLS.]
Insert a new Section 1 to read, “That Kenai City Council supports the Kenai Peninsula Borough’s
request for the Alaska Legislature to increase the BSA.”
Vice Mayor Knackstedt SECONDED the motion.
VOTE ON MOTION TO AMEND:
YEA: Sounart, Knackstedt, Douthit, Gabriel, Daniel
NAY: Baisden, Askin
MOTION TO AMEND PASSED.
VOTE ON MAIN MOTION AS AMENDED:
YEA: Knackstedt, Douthit, Gabriel, Daniel, Sounart
NAY: Baisden, Askin
MAIN MOTION AS AMENDED PASSED.
F. MINUTES
1. *Regular Meeting of January 3, 2024. (City Clerk)
G. UNFINISHED BUSINESS - None.
H. NEW BUSINESS
1. *Action/Approval - Bills to be Ratified. (Administration)
Approved by the consent agenda.
2. *Ordinance No. 3388-2024 - Increasing Estimated Revenues and Appropriations in the General
Fund for the City’s Joint Participation in the Kenai Peninsula Borough’s Safe Streets and Roads
for All Action Plan Grant Through the United States Department of Transportation.
(Administration)
Introduced by the consent agenda and Public Hearing set for February 7, 2024.
3. *Ordinance No. 3389-2024 - Accepting and Appropriating Donations from Kenai Senior
Connection, Inc., to the Kenai Senior Center. (Administration)
Introduced by the consent agenda and Public Hearing set for February 7, 2024.
Page 71
City of Kenai Council Meeting Page 5 of 7
January 17, 2024
4. *Ordinance No. 3390-2024 - Increasing Estimated Revenues and Appropriations in the Airport
Fund to Purchase Air Service Development Professional Services at the Kenai Municipal Airport
for Costs in Excess of Budgeted Amounts. (Administration)
Introduced by the consent agenda and Public Hearing set for February 7, 2024.
5. Ordinance No. 3391-2024 - Amending the Imagine Kenai 2030 Comprehensive Plan Land Use
Plan Map for Certain Parcels from Industrial to Mixed-Use. (Knackstedt)
MOTION:
Vice Mayor Knackstedt MOVED to introduce Ordinance No. 3391-2024; refer the ordinance to the
February 12, 2024 Harbor Commission meeting for their recommendation; refer the ordinance to the
February 14, 2024 Planning and Zoning Commission meeting for their recommendation; and to schedule
the City Council public hearing on the ordinance for February 21, 2024.
It was reported that introduction of this ordinance and the next were removed from the consent agenda
so that they could be referred to the Harbor Commission and Planning and Zoning Commission.
UNANIMOUS CONSENT was requested.
VOTE: There being no objection; SO ORDERED.
6. Ordinance No. 3392-2024 - Amending the Kenai Zoning Code to Add a New Zoning District,
Working Waterfront (WW) and Amending the Official Zoning Map for Certain Parcels from Heavy
Industrial (IH) to Working Waterfront (WW) or Conservation (C) Zoning District. (Knackstedt)
MOTION:
Vice Mayor Knackstedt MOVED to introduce Ordinance No. 3392-2024; refer the ordinance to the
February 12, 2024 Harbor Commission meeting for their recommendation; refer the ordinance to the
February 14, 2024 Planning and Zoning Commission meeting for their recommendation; and to schedule
the City Council public hearing on the ordinance for February 21, 2024.
UNANIMOUS CONSENT was requested.
VOTE: There being no objection; SO ORDERED.
7. Discussion - Public Meetings Remote Participation Update. (City Clerk)
It was reported that the transition to webinars addressed concerns regarding potential zoom bombings;
since links for remote participation would be available for members of the body and staff, the link would
also be made available for the public to attend and comment; a new process would be implemented and
rather than disrupting the flow of the meeting by asking if there were remote participants wanting to speak,
the staff administering the remote meeting would notify the presiding officer when a person wished to
speak.
There was discussion regarding with the transition to webinars and continued use of remote participation
as it had been over the last few years a written policy would not be needed; the added benefit when the
public participate in person or by providing written comments; and the potential of increased public
participation by allowing remote participation by the public.
I. COMMISSION / COMMITTEE REPORTS
1. Council on Aging
Council Member Knackstedt reported on the February 16, 2024 Work Session and Meeting, next meeting
February 8, 2024.
2. Airport Commission
Vice Mayor Knackstedt reported on the January 11, 2024 Work Session and Meeting, next meeting
February 8, 2024.
Page 72
City of Kenai Council Meeting Page 6 of 7
January 17, 2024
3. Harbor Commission
Council Member Askin reported on the January 8, 2024 Work Session and Special Meeting, next meeting
February 12, 2024.
4. Parks and Recreation Commission
Council Member Sounart reported on the January 4, 2024 Work Session and Meeting, next meeting
February 1, 2024.
5. Planning and Zoning Commission
No report, next meeting January 24, 2024.
6. Beautification Committee
Council Member Daniel reported on the January 9, 2024 Work Session and Meeting, Special Meeting
scheduled for February 6, 2024.
J. REPORT OF THE MAYOR
Mayor Gabriel thanked Vice Mayor Knackstedt for filling in for him at the last meeting.
K. ADMINISTRATION REPORTS
1. City Manager – City Manager Eubank reported on the following:
• Bluff Stabilization Project bids closed, and the Army Corp of Engineers was now reviewing
them.
• Trevor Miller was selected Officer of the Year; Co-Dispatchers of the Year were Gabe Boyle
and Jennifer Savely.
• The new Kenai Police Department Officer would be attending the Public Safety Training
Academy in Sitka, AK and Sergeant Coleman was accepted into the Federal Bureau of
Investication, National Academy.
2. City Attorney - No report.
3. City Clerk - No report.
L. ADDITIONAL PUBLIC COMMENTS
1. Citizen Comments (Public comments limited to (5) minutes per speaker)
2. Council Comments
Council Member Douthit reported that the remodel on the Chamber Museum was set for a soft opening
in April; noted his appreciation for the 2-hour parking signs on Kenai Ave; and reminded everyone to be
careful on snow machines as there is not a lot of snow out there.
Council Member Sounart thanked the administration for the Work Session and the Public Works
Department for plowing the Lawton extension.
Council Member Askin congratulated the Officer and Dispatchers of the Year.
Council Member Daniel thanked the Police Department for their work and City staff for keeping things
going.
M. EXECUTIVE SESSION - None.
Page 73
City of Kenai Council Meeting Page 7 of 7
January 17, 2024
N. PENDING ITEMS - None.
O. ADJOURNMENT
P. INFORMATIONAL ITEMS - None.
There being no further business before the Council, the meeting was adjourned at 8:20 p.m.
I certify the above represents accurate minutes of the Kenai City Council meeting of January 17, 2024.
___________________________________
Michelle M. Saner, MMC
City Clerk
** The student representative may cast advisory votes on all matters except those subject to executive
session discussion. Advisory votes shall be cast in the rotation of the official council vote and shall not
affect the outcome of the official council vote. Advisory votes shall be recorded in the minutes. A student
representative may not move or second items during a council meeting.
Page 74
PAYMENTS OVER $35,000.00 WHICH NEED COUNCIL RATIFICATION
COUNCIL MEETING OF: FEBRUARY 7, 2024
VENDOR DESCRIPTION
PERS PERS
ENSTAR NATURAL GAS GAS USAGE
INVESTMENTS
VENDOR DESCRIPTION
DEPARTMENT
VARIOUS
VARIOUS
MATURITY DATE
ACCOUNT
LIABILITY
UTILITIES
AMOUNT
AMOUNT
105,646.40
41,398.45
Effect. Int.
Page 75
PURCHASE ORDERS OVER $35,000.00 WHICH NEED COUNCIL APPROVAL
COUNCIL MEETING OF: FEBRUARY 7, 2024
VENDOR DESCRIPTION DEPT.
ANNUAL FIRE SYSTEM TESTING AND
YUKON FIRE PROTECTION INSPECTION VARIOUS
INCREASE OF EXISTING PURCHASE ORDER
VENDOR DESCRIPTION P.O.# -DEPT.
NALCO COMPANY FY24 CHEMICALS 127527 -WATER
ACCOUNT
REPAIR & MAINTENANCE
REASON
ADDITIONAL
CHEMICALS NEEDED
AMOUNT
44,000.00
AMOUNT TOTAL PO AMT
17,298.47 42,000.00
Page 76
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Scott Curtin, Public Works Director
DATE: January 31, 2024
SUBJECT: Purchase Order – Yukon Fire Protection
The purpose of this memo is to authorize our annual Fire System Testing & Inspection Purchase
Order to Yukon Fire Protection. Yukon is currently working under a term services agreement
executed on December 12, 2020. This purchase order covers costs with year four of the
agreement and covers expenses through fiscal year 2024 ending June 30, 2024.
The Purchase Order requested amount is $44,000 and covers monitoring services, fire alarm
system testing and inspection, fire sprinkler system testing and inspection, kitchen hood testing
and inspection, fire extinguisher testing, inspection and tagging, fire extinguisher replacement and
recharging of outdated units, miscellaneous deficient item replacements at City facilities.
Funding for this work has been included within the fiscal year 2024 operational budget. Yukon
Fire Protection continues to provide good service to the City in fulfillment of our fire protection
service needs. Completion of this work is in the best interest of the City.
Council’s approval is respectfully requested.
Funding for this work is provided within the following accounts:
• WWTP 010-467-4538 $3,799
• Water 010-465-4538 $3,521
• Buildings 001-434-4538 $23,488
• AP Terminal 008-461-4538 $3,099
• AP Gen Building 008-461-4538 $782
• AP Operations 008-462-4538 $3,122
• AP ARFT 008-465-4538 $1,471
• Cong Housing 009-462-4538 $4,718
• Total $44,000
Page 77
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Scott Curtin, Public Works Director
DATE: February 1, 2024
SUBJECT: Purchase Order Increase – Nalco Company LLC
This Memo is to request an increase to Nalco Company LLC’s annual Purchase for the supply of
proprietary chemicals for the Water Treatment Plant. Purchase Order 127527 will be increasing
from $24,701.53 to $42,000, an increase of $17,298.47. Sufficient budget for this purchase
resides in the Water Operating Repair & Maintenance Supply account.
Account information below:
010-465-2022 Water Operating Repair & Maintenance Supply - $17,298.47
Nalco Company LLC Purchase Order 127527 revised to $42,000
Council’s approval is respectfully requested.
It is also noted the department is working toward an alternative comparable product from
Polydyne that we will be transitioning to in the months ahead. We expect the new product to
reduce our operational costs by approximately $25,000 annually. This transition is why this
purchase order is less than in previous years.
Page 78
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Shellie Saner, City Clerk
FROM: Meghan Thibodeau, Deputy City Clerk
DATE: January 30, 2024
SUBJECT: Council on Aging Appointment
Vacancies currently exist on the Council on Aging; an application for one seat has been
received and is attached for consideration.
Pursuant to Kenai Municipal Code 1.90.010 members are nominated by the Mayor and confirmed
by the City Council. Mayor Gabriel has requested Council confirmation of the following
appointment:
William Sadler – Council on Aging term ending December 31, 2026
Your consideration is appreciated.
Page 79
From:William Sadler
To:City Clerk
Subject:Form submission from: Commission/Committee Application (Webform)
Date:Tuesday, January 9, 2024 2:03:08 PM
CAUTION: This email originated from outside your organization. Exercise caution when
opening attachments or clicking links, especially from unknown senders.
Submitted on Tuesday, January 9, 2024 - 2:03pm
Submitted by anonymous user: 63.140.120.6
Submitted values are:
Date: Tue, 01/09/2024
Name: William Sadler
Resident of City of Kenai?: Yes
If resident, how long?: 12 years
Residence Address: 381 Senior Court, #106, Kenai
Mailing Address: 381 Senior Court, #106, Kenai
Home Telephone: 907-953-0092
Home Fax:
Business Telephone:
Business Fax:
Email address: bluesdown@aol.com
May we include your contact information on our website?: Yes
If not all, what may we include?:
Employer: Self-Employed
Job Title: Resident Manager - Vintage Pointe Manor
Name of Spouse: Diane
Current Membership Organization: Board Member - Bishop's Attic
Past organizational memberships: Board Member - Kenai Peninsula Tourism & Marketing
Committees or commissions in which you are interested: Council on Aging
Why do you want to be involved with this commission or committee?: I have significant
experience with seniors
What background, experience, or credentials do you possess to bring the board, commission,
or committee membership?:
As Resident Manager of Vintage Pointe, I have worked daily with the Kenai Senior Center for
over 10 years. I also have a background of extensive senior management expertise.
The results of this submission may be viewed at:
https://www.kenai.city/node/2601/submission/11211
Page 80
Sponsored by: Administration
New Text Underlined; [DELETED TEXT BRACKETED]
CITY OF KENAI
ORDINANCE NO. 3393-2024
AN ORDINANCE ACCEPTING AND APPROPRIATING DONATIONS TO THE KENAI ANIMAL
SHELTER FOR THE CARE OF ANIMALS.
WHEREAS, the Kenai Animal Shelter recently received monetary donations from a number of donors
totaling $2,643.86, and those funds are intended to support the Kenai Animal Shelter; and,
WHEREAS, the Animal Control Chief has identified equipment needs at the Animal Shelter, including
safety equipment for staff and animal live traps, for the utilization of those donated funds; and,
WHEREAS, the acceptance of these donations to further the mission of the Animal Shelter is in the best
interest of the City and its residents.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, AS
FOLLOWS:
Section 1. That the City Manager is authorized to accept these donated funds and to expend them
as authorized by this ordinance and in line the intentions of the donors.
Section 2. That the following budget revision is authorized:
General Fund:
Increase Estimated Revenues –
Donations – Animal Control $2,643.86
Increase Appropriations –
Animal Control – Small Tools $2,643.86
Section 3. 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 4. 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 21st DAY OF FEBRUARY,
2024.
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
Page 81
Ordinance No. 3393-2024
Page 2 of 2
New Text Underlined; [DELETED TEXT BRACKETED]
Approved by Finance: _________________
Introduced: February 7, 2024
Enacted: February 21, 2024
Effective: February 21, 2024
Page 82
MEMORANDUM
TO: Mayor Brian Gabriel and Kenai City Council
THROUGH: Terry Eubank, City Manager
FROM: David Ross – Police Chief
DATE: January 22, 2024
SUBJECT: Ordinance No. 3393-2024 - Donations to Kenai Animal Shelter
The Kenai Animal shelter received a number of unsolicited private donations recently totaling
$2,643.86 The individual donors include: James Carpenter, John Percy, Henry & Shannon Iris,
Joe & Patti Holden, Karla & Paul Smith, Lorrene Forbes, Kathy Heus, Laurence & Tamera
Stearns, Pamela Satathite, Benjamin Eveland, Richard Hallmark, Brittany Taylor, Patrick &
Casady Herding, Peninsula Radiation Oncology Center, Michael Koob and Greg Fite. The Animal
Control Chief has identified the need for additional employee safety equipment and for additional
live traps to be purchased with these funds.
I am respectfully requesting consideration of the ordinance accepting and designating those funds
to the Kenai Animal Shelter as they were intended.
Page 83
Sponsored by: Administration
New Text Underlined; [DELETED TEXT BRACKETED]
CITY OF KENAI
ORDINANCE NO. 3394-2024
AN ORDINANCE INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE GENERAL
FUND TO PROVIDE SUPPLEMENTAL FUNDING TO THE STREET LIGHTS REPAIR AND
MAINTENANCE OPERATIONAL BUDGET.
WHEREAS, the City contracts annually for street light maintenance and utility locate services; and,
WHEREAS, currently Kachemak Electric has a contract with the City to provide these services; and,
WHEREAS, the current purchase order 126999 in the amount of $56,330 has received invoices totaling
$55,569.12 through December 2023; and,
WHEREAS, additional funds in the amount of $50,000 will be needed to carry through the remainder of
the fiscal year; and,
WHEREAS, the increase in costs stem primarily from an increase in utility locate requests which cost the
City a little over $100/each and about $14,000 in new street light fixture purchases; and,
WHEREAS, the additional funds being requested will allow utility locates to continue uninterrupted
through June 2024 and to continue with minor street lighting repairs as they arise.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, AS
FOLLOWS:
Section 1. That the estimated revenues and appropriations be increased as follows:
General Fund:
Increase Estimated Revenues –
Appropriation of Fund Balance $50,000
Increase Appropriations –
Transfer to Public Works Street Lights
Street Lights Repair & Maintenance $50,000
Section 2. That the City Manager is authorized to execute a change order and increase purchase
order 126999 to Kachemak Electric by $50,000 for a revised total purchase order of $106,330.
Section 3. 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 4. Effective Date: That pursuant to KMC 1.15.070(f), this ordinance shall take effect
immediately upon enactment.
Page 84
Ordinance No. 3394-2024
Page 2 of 2
New Text Underlined; [DELETED TEXT BRACKETED]
ENACTED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, THIS 21ST DAY OF FEBRUARY,
2024.
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
Approved by Finance: _________________
Introduced: February 7, 2024
Enacted: February 21, 2024
Effective: February 21, 2024
Page 85
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Scott Curtin, Public Works Director
DATE: January 30, 2024
SUBJECT: Ordinance 3394-2024 Street Light R&M Supplemental Funding
The Public Works Department has an annual service contract with Kachemak Electric to provide
street lighting utility locates and repair and maintenance services. We have had an increase in
construction activity in the community this past year, with greater than anticipated utility locate
requests coming into the Department. The City pays a little over $100/each for 811 utility locate
requests. Additionally, six new Sternberg light fixtures were installed to replace missing and
damaged fixtures. Through December the Department has expended 98% of its current budget
for street light repairs and locates.
The Department is requesting an additional $50,000 to allow utility locates to continue
uninterrupted into the spring and summer construction season through June 30th, 2024. We also
know we have some street lighting line breaks which we intend to repair in the spring when the
grounds thaws.
As a reminder to Council Ordinance 3386-2024 enacted January 17th, 2024 appropriated $80,000
toward professional services to assist with assessment of ongoing problems. We also have a
Capital Improvement Project for FY2025 which will provide $400,000 in funding toward
construction to correct issues identified during the assessment.
Providing the requested funds now is in the best interest of the City. Council’s approval is
respectfully requested.
Page 86
Sponsored by: Council Member Douthit
New Text Underlined; [DELETED TEXT BRACKETED]
CITY OF KENAI
ORDINANCE NO. 3395-2024
AN ORDINANCE INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE GENERAL
FUND FOR RADIO ADVERTISING AND APPROVING COUNCIL POLICY 20.030-RADIO
ADVERTISING FOR PUBLIC MEETINGS AND ELECTIONS.
WHEREAS, radio advertising is an effective means of communication and disseminating information
locally; and,
WHEREAS, the intent of this appropriation is to provide funding for the City to expand its radio presence
for communicating local City events and matters of local public concern; and,
WHEREAS, the Kenai Peninsula Borough’s 2023 survey showed 45% of residence in the Kenai
Peninsula Borough received information from local radio; and,
WHEREAS, public communications regarding City meetings and elections, are constrained by state and
local law; and,
WHEREAS, Council Policy 20-030 is intended to ensure any radio advertising is legally compliant while
encouraging public participation in elections and local government meetings.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, AS
FOLLOWS:
Section 1. That Council Policy 20.030-Radio Advertising for Public Meetings and Elections is
approved. Any future amendments to this Policy may be accomplished through a Resolution.
Section 2. That the following budget revision is authorized:
General Fund:
Increase Estimated Revenues–
Appropriation of Fund Balance $15,000
Increase Expenditures –
Non-Departmental-Advertising $15,000
Section 3. 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 4. 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 21ST DAY OF FEBRUARY,
2024.
Page 87
Ordinance No. 3395-2024
Page 2 of 2
New Text Underlined; [DELETED TEXT BRACKETED]
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
Approved by Finance: _________________
Introduced: February 7, 2024
Enacted: February 21, 2024
Effective: February 21, 2024
Page 88
MEMORANDUM
TO: Mayor Gabriel and Council Members
FROM: Council Member Douthit
DATE: February 1, 2024
SUBJECT: Ordinance No. 3395-2024 – Increasing General Fund for Radio
Advertising for Public Meetings and Elections
I respectfully ask for your support of Ordinance No. 3395-2024 supporting the new radio
advertising policy and funding for the City to utilize radio advertising. This policy is to allow for city
staff to promote elections and meetings via radio advertisements. The Ordinance also provides
funding for advertising of other governmental notifications brought forth by city staff as
needed. This will allow a much-needed resource to notify the public of City
governmental happenings with the goal of increasing resident participation in elections, meetings
and other events. This Ordinance is intended to bring in more applicants for board and
commission openings and raise awareness of events by radio notifications created by city staff.
Examples of some notifications that could done by city staff could be: animal shelter
notifications of animals available for adoption, library events and readings, city road closures and
public works notifications such as hydrant flushing/adoption opportunities and leaving water
running when is cold outside. In addition, these notifications could include city employment
openings and dip net fishery notifications. There are numerous possibilities for this type of
advertising.
Radio advertising is the probably the most effective advertising tool on the Kenai Peninsula and
is currently underutilized by the City. I have consistently received requests by Kenai constituents
that they have a desire to be more aware of what is happening within the City. Please support
this new policy and Ordinance No. 3395-2024 to reach the residents of Kenai and keep them
apprised to City government happenings and keep the city government as transparent as
possible for the public.
Thanks
Alex Douthit
Page 89
Page 1 of 1
CITY COUNCIL – 20.030
RADIO ADVERTISING FOR PUBLIC MEETINGS & ELECTIONS
Effective Date: Last Action Date:
Approved by: City Council
20.030 - Radio Advertising for Public Meetings & Elections Page 1 of 1
POLICY – 20.030 Radio Advertising for Public Meetings & Elections
Purpose
The purpose of this policy is to define rules for radio advertising when utilized for advertising meetings of
public bodies and promoting elections.
Scope
This policy applies to the use of radio advertising when promoting meetings of the public bodies of the City
of Kenai and City Elections.
Policy
A. The following applies to radio advertising of meetings of the public bodies of the City of Kenai:
1. When utilized for the purpose of promoting meetings of the public bodies, the radio advertisement will
not include reference to a specific meeting date and time; however, will promote attendance at City of
Kenai public meetings and where to find meeting details such as meeting dates and times and agenda
items. (i.e. city website).
2. Promotion of specific agenda items is strictly prohibited.
B. The following applies to radio advertising related to City Elections:
1. When utilized for City Elections, the radio advertisements will promote candidate filing periods, voter
registration deadlines and Election dates, times and polling locations.
2. The promotions of and/or opposition to a specific candidate is strictly prohibited.
3. Promotion of and/or opposition to a proposition/ballot question is prohibited, unless approved by a
majority vote of the City Council and in accordance with the applicable Local, State and Federal
Campaign laws.
_______________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Shellie Saner, MMC, City Clerk
Policy History: Ordinance No. 3395-2024
Page 90
Name __________________________________ Contact ____________________________________
Address ________________________________ Phone ________________Cell _________________
City _____________State_______Zip________ E-Mail ____________________________________
Beginning Run Date End Run Date Co-Op Date
MO____ DAY____YEAR____MO____ DAY____YEAR____Yes ___ No ____MO____DAY____ YEAR____
Radio Time Order
Length :30 :60 ___
Hour DAP TAP
(6a-7p) (6a-12a)
Time Specified ________
Live Read ____________
Quantity _____________
KSRM________KWHQ________
KKIS_________KSLD_________
KFSE_________KKNI_________
Rate ________________
Charges _____________
Sales Tax ___________
Agency _____________
Total Cost ___________
Consultant ___________
Client Signature:______________________________
The above signee agrees to the terms and conditions of this contract.
*Please see reverse for KSRM 5DGLR*URXSInc. Terms and Conditions
Type of Buy: __________________________________
Special Instructions: ____________________________
_____________________________________________
_____________________________________________
KSRM 5DGLR*URXSInc.
40960 K-Beach Road, Kenai, Alaska 99611
Office: (907) 283-8700 –Fax: (907) 283-9177
www.radiokenai.com –General Email: info@radiokenai.com
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
&DUW
$0
)0
)0
)0
$0
)0
City of Kenai Shellie Saner
210 Fidalgo ave
kenai ak 99611 ssaner@kenai.city
7 23 7 24 7 6 23
250 ads
$5,400.00
Tax Exempt
$5,400.00
Britney Baier
Annual Bulk Buy
250 ads to spread out for the year
250 ads per station for 1000 ads total per year
Page 91
*KSRM 5DGLR*URXSInc. Terms and Conditions
1.The program or announcement shall be of a quality and rendered and broadcast in a manner satisfactory to
KSRM Radio Group Inc. All advertising copy shall be subject to approval of KSRM Radio Group Inc. The
Advertiser agrees to comply with all Federal, State, Borough and City regulations, restrictions, and laws
covering the use of broadcasting stations operating under the authority of the Federal Communications
Commission.
2.All announcements and programs offered or contracted for are subject to change and must yield to change and
must yield to programs at the discretion of KSRM Radio Group Inc. The station is not liable for damages
should the station, because of emergencies, necessity, legal restrictions or the intervention of the Federal,
State, Borough or City authorizes or for any other reason beyond reasonable control of the station, be unable
to advertise any of the advertiser's program or announcements at the time or times specified.
3.This service is not subject to assignment. No time may be resold.
4.The station reserves the right to cancel this contract at any time, upon written notice.
5.Unless otherwise agreed to in writing, advertiser, by giving the station two weeks’ notice in writing may
terminate this contract. Upon cancellation 30% of the contract will be charged upon cancellation.
6.If it becomes necessary to institute suit for the collection of any monies due, or to become due, under this
contract, or to enforce any of the provisions herein, the advertiser agrees to pay the station a reasonable
attorney's fee (the minimum being $50.00) and the cost of this suit as the plaintiff.
7.The advertiser will save KSRM Radio Group Inc. harmless against all liability for libel or slander by reason of
broadcasting announcement or written copy furnished by the advertiser.
8.If the advertiser does terminate the contract, advertiser will pay for 100% of the announcements for all
services previously aired.
9.If the advertiser does terminate this agreement, and promotional materials were supplied to the advertiser for a
specific promotion, indicated on this contract, advertiser will be liable for billing up to the date of termination,
regardless of the number of announcements aired.
10.Unless otherwise agreed in writing all amounts due shall be paid on or before the 15th day of the month
indicated, and the client agrees to pay a service charge of 1.5% per month (18% annually) on any past due
amounts.
11.In accordance with Paragraphs 49 and 50 of United States Federal Communications Commission Report
and Order No. FCC 07-217,KSRM Radio Group Inc., will not discriminate in any contract for advertising on
the basis of race or ethnicity, and all such contracts will be evaluated, accepted, negotiated and completed
without regard to race or ethnicity.
12.Contract includes one (1) hour of studio recording time. Additional time may be purchased at a rate of
$75.00 per hour, with a one (1) minimum.
Page 92
Name __________________________________ Contact ____________________________________
Address ________________________________ Phone ________________Cell _________________
City _____________State_______Zip________ E-Mail ____________________________________
Beginning Run Date End Run Date Co-Op Date
MO____ DAY____YEAR____MO____ DAY____YEAR____Yes ___ No ____MO____DAY____ YEAR____
Radio Time Order
Length :30 :60 ___
Hour DAP TAP
(6a-7p) (6a-12a)
Time Specified ________
Live Read ____________
Quantity _____________
KSRM________KWHQ________
KKIS_________KSLD_________
KFSE_________KKNI_________
Rate ________________
Charges _____________
Sales Tax ___________
Agency _____________
Total Cost ___________
Consultant ___________
Client Signature:______________________________
The above signee agrees to the terms and conditions of this contract.
*Please see reverse for KSRM 5DGLR*URXSInc. Terms and Conditions
Type of Buy: __________________________________
Special Instructions: ____________________________
_____________________________________________
_____________________________________________
KSRM 5DGLR*URXSInc.
40960 K-Beach Road, Kenai, Alaska 99611
Office: (907) 283-8700 –Fax: (907) 283-9177
www.radiokenai.com –General Email: info@radiokenai.com
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
&DUW
$0
)0
)0
)0
$0
)0
City of Kenai Shelly
210 Fidalgo av
kenai ak 99611 ssaner@kenai.city
7 23 7 24 7 6 23
500 ads
$10,800.00
Tax Exempt
$10,800.00
Britney Baier
Annual Bulk Buy
500 ads to spread out for the year
500 ads per station for 2000 ads total per year
Page 93
*KSRM 5DGLR*URXSInc. Terms and Conditions
1.The program or announcement shall be of a quality and rendered and broadcast in a manner satisfactory to
KSRM Radio Group Inc. All advertising copy shall be subject to approval of KSRM Radio Group Inc. The
Advertiser agrees to comply with all Federal, State, Borough and City regulations, restrictions, and laws
covering the use of broadcasting stations operating under the authority of the Federal Communications
Commission.
2.All announcements and programs offered or contracted for are subject to change and must yield to change and
must yield to programs at the discretion of KSRM Radio Group Inc. The station is not liable for damages
should the station, because of emergencies, necessity, legal restrictions or the intervention of the Federal,
State, Borough or City authorizes or for any other reason beyond reasonable control of the station, be unable
to advertise any of the advertiser's program or announcements at the time or times specified.
3.This service is not subject to assignment. No time may be resold.
4.The station reserves the right to cancel this contract at any time, upon written notice.
5.Unless otherwise agreed to in writing, advertiser, by giving the station two weeks’ notice in writing may
terminate this contract. Upon cancellation 30% of the contract will be charged upon cancellation.
6.If it becomes necessary to institute suit for the collection of any monies due, or to become due, under this
contract, or to enforce any of the provisions herein, the advertiser agrees to pay the station a reasonable
attorney's fee (the minimum being $50.00) and the cost of this suit as the plaintiff.
7.The advertiser will save KSRM Radio Group Inc. harmless against all liability for libel or slander by reason of
broadcasting announcement or written copy furnished by the advertiser.
8.If the advertiser does terminate the contract, advertiser will pay for 100% of the announcements for all
services previously aired.
9.If the advertiser does terminate this agreement, and promotional materials were supplied to the advertiser for a
specific promotion, indicated on this contract, advertiser will be liable for billing up to the date of termination,
regardless of the number of announcements aired.
10.Unless otherwise agreed in writing all amounts due shall be paid on or before the 15th day of the month
indicated, and the client agrees to pay a service charge of 1.5% per month (18% annually) on any past due
amounts.
11.In accordance with Paragraphs 49 and 50 of United States Federal Communications Commission Report
and Order No. FCC 07-217,KSRM Radio Group Inc., will not discriminate in any contract for advertising on
the basis of race or ethnicity, and all such contracts will be evaluated, accepted, negotiated and completed
without regard to race or ethnicity.
12.Contract includes one (1) hour of studio recording time. Additional time may be purchased at a rate of
$75.00 per hour, with a one (1) minimum.
Page 94
1/24/2024
Option A – 600 (:30) ads per station, ads to air on 6 stations.
KSRM 920am & 92.5fm, KSLD 1140am & 96.9fm,
KWHQ 100.1fm, KKIS 96.5fm, KKNI 105.3fm and KFSE 106.9fm
Bulk purchase - $18,000.00
Option B – 500 (:30) ads per station, ads to air on 6 stations.
KSRM 920am & 92.5fm, KSLD 1140am & 96.9fm,
KWHQ 100.1fm, KKIS 96.5fm, KKNI 105.3fm and KFSE 106.9fm
Bulk purchase - $15,000.00
Option C – 400 (:30) ads per station, ads to air on 6 stations.
KSRM 920am & 92.5fm, KSLD 1140am & 96.9fm,
KWHQ 100.1fm, KKIS 96.5fm, KKNI 105.3fm and KFSE 106.9fm
Bulk purchase - $12,000.00
All rates and options expire 3/31/2024
Contact -Nathan Johnson 907-398-2628 or nathan@radiokenai.com
Page 95
Sponsored by: Administration
New Text Underlined; [DELETED TEXT BRACKETED]
CITY OF KENAI
ORDINANCE NO. 3396-2024
AN ORDINANCE AMENDING KENAI MUNICIPAL CODE 4.31.015 - LOCAL AMENDMENTS TO THE
2009 INTERNATIONAL FUEL GAS CODE FOR HOUSEKEEPING PURPOSES.
WHEREAS, the City of Kenai adopted the 2021 Editions of the Building Codes including the 2021
International Fuel Gas Code through passage of Ordinance 3334-2023; and,
WHEREAS, this Ordinance will make minor housekeeping corrections to KMC Chapter 4.31 Fuel Gas
Code that were missed during the adoption.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, AS
FOLLOWS:
Section 1. Amendment of Section 4.31.015 of Kenai Municipal Code: That Kenai Municipal Code,
Section 4.31.015 Local amendments to the 2009 International Fuel Gas Code is hereby amended as
follows:
4.31.015 Local Amendments to the [2009] 2021 International Fuel Gas Code.
Amend by deleting Chapter[S] 1 [THROUGH 5, CHAPTER 8, AND APPENDICES A THROUGH D].
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 30 days
after enactment.
ENACTED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, THIS 21ST DAY OF FEBRUARY,
2024.
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
Introduced: February 7, 2024
Enacted: February 21, 2024
Effective: March 22, 2024
Page 96
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Scott Curtin, Public Works Director
DATE: January 30, 2024
SUBJECT: Ordinance 3396-2024 KMC Code 4.31 Fuel Gas Code Amendment
The City Clerk and Building Official brought to my attention there were some minor revisions
necessary to clean up references within the City Code relating to KMC 4.31.015 and an earlier
code adoption. As Council may recall one year ago the City adopted the 2021 codes from our
previous 2009 versions. This Ordinance is cleaning up a section that still refers to the 2009 code.
One change of note, in the 2009 Fuel Gas Code adoption, our local amendments to that code
deleted references to Chapters 1-5, Chapter 8 and Appendices A through D. With the new 2021
Fuel Gas Code we are only removing references to the first chapter which outlines administrative
requirements, which do not necessarily match the City’s normal business practice. The other
Chapters will remain in effect.
I believe these chapters were previously left out due to overlap with the uniform plumbing code,
however, after reviewing the chapters and appendices, the guidance they provide is important to
assist design teams with preferred installation methods. It is the department’s recommendation
that they remain.
With Council’s approval of this Ordinance the City’s website will be updated to correct the
reference. Council’s support is respectfully requested.
Page 97
Sponsored by: Administration
New Text Underlined; [DELETED TEXT BRACKETED]
CITY OF KENAI
ORDINANCE NO. 3397-2024
AN ORDINANCE INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE WATER
SEWER CAPITAL PROJECT FUND FOR THE CEMETERY CREEK CULVERT REPLACEMENT
PROJECT AND ACCEPTING A DONATION FROM THE KENAI FOUNDATION IN SUPPORT OF THE
PROJECT.
WHEREAS, the City in coordination with US Fish & Wildlife has been working to replace the existing
Cemetery Creek culvert with a new fish passage culvert; and,
WHEREAS, the project located between Birch St. and Coral St. along Cohoe Ave. has been proven to
be a primary area for juvenile salmon to gather; and,
WHEREAS, the City previously appropriated $30,000 in funding through passage of Ordinance 3364-
2023 on August 2, 2023 of which $25,000 was provided by US Fish & Wildlife and $5,000 from the Silver
Salmon Derby through the Kenai Foundation; and,
WHEREAS, an additional $4,838 is needed to complete the 35% design effort and to execute contract
amendment one with PND Engineers, Inc. for additional services as requested by US Fish & Wildlife;
and,
WHEREAS, the completed 35% design documents will be used to pursue grant opportunities in support
of completing the design and ultimately constructing the proposed improvements; and,
WHEREAS, staff is working closely with the Salamatof Native Association for grant opportunities.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, AS
FOLLOWS:
Section 1. That the City Manager is authorized to accept a grant in the amount of $4,838 from the
Kenai Foundation.
Section 2. That the estimated revenues and appropriations be increased as follows:
Water & Sewer Special Revenue Fund:
Increase Estimated Revenues –
Appropriation of Grant Funds from the Kenai Foundation $4,838
Increase Appropriations –
Transfer to Water & Sewer Capital Project Fund $4,838
Water & Sewer Capital Project Fund:
Increase Estimated Revenues –
Transfer from Water & Sewer Special Revenue Fund $4,838
Increase Appropriations –
Cemetery Creek Culvert Replacement Project –
Construction $4,838
Page 98
Ordinance No. 3397-2024
Page 2 of 2
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Section 3. 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 4. 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 21ST DAY OF FEBRUARY,
2024.
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
Approved by Finance: _________________
Introduced: February 7, 2024
Enacted: February 21, 2024
Effective: February 21, 2024
Page 99
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Scott Curtin, Public Works Director
DATE: January 30, 2024
SUBJECT: Ordinance 3397-2024 Cemetery Creek Culvert Replacement
This memo requests Council’s approval to accept grant funding from the Kenai Foundation in the
amount of $4,838 to support costs associated with Contract Amendment One to PND Engineers
for additional services requested by US Fish & Wildlife relating to more preliminary detail of stream
bed design. Staff reached out to representatives of the Kenai Foundation requesting support with
funds acquired through the Silver Salmon Derby.
The 35% Design Documents are now complete and have been delivered to US Fish & Wildlife as
well as the Salamatof Native Association. Staff is coordinating with both agencies, working toward
a larger grant to complete the overall design and construction. The project has progressed well,
with PND Engineers providing exceptional service and coordination on our behalf.
Photos below depict the existing drainage area and culverts as well as a site location map.
Council’s continued support of the project is appreciated and requested.
Page 100
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Sponsored by: City Clerk
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CITY OF KENAI
ORDINANCE NO. 3398-2024
AN ORDINANCE AMENDING KENAI MUNICIPAL CODE TITLE 6 - ELECTIONS, TO ENHANCE
CONSISTENCY, PROMOTE EFFICIENCIES AND MAKE HOUSEKEEPING CHANGES.
WHEREAS, Alaska Statutes provide for local governments to establish procedures governing local
elections; and,
WHEREAS, periodic reviews of the election code and updates when needed improves efficiency in the
election process; and,
WHEREAS, it is in the best interest of the voters, candidates and City to provide clear election procedures
within municipal code.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, AS
FOLLOWS:
Section 1. Amendment of Section 6.05.040 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.05.040 Votes Required for Election to Office, is hereby amended as follows:
6.05.040 Votes required for election to office.
(a) Each City office [SHALL] will be filled by the candidate receiving the greatest number of votes as
authorized by the City Charter, Section 10-4.
(b) Tie Votes. In case of a failure to elect because of a tie vote, [THE COUNCIL SHALL IMMEDIATELY
ORDER A RECOUNT OF BALLOTS PURSUANT TO] the clerk will notify the Council and the candidates
who are tied and proceed with the recount of votes pursuant to KMC 6.45.030. If there is still a
failure to elect because of a tie after completion of the recount, the election [SHALL] will be
determined fairly by lot from among the candidates tying, in a meeting of the Council and under
its direction, in accordance with the City Charter, Section 10-4.
Section 2. Amendment of Section 6.05.050 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.05.050 Preservation of Election Ballots, Papers and Materials, is hereby amended as follows:
6.05.050 Preservation of election ballots, papers, and materials.
[(A) THE CERTIFICATE OF RETURNS OF THE CANVASSING BOARD SHALL BE MAINTAINED PERMANENTLY, AND
DESCRIPTIONS OF ELECTION BOUNDARIES, PRECINCTS, AND POLLING PLACES SHALL BE MAINTAINED
UNTIL THEY ARE REVISED.
(B) FINANCIAL DISCLOSURE FORMS SHALL BE MAINTAINED FOR A PERIOD OF SIX (6) YEARS AND THEN MAY
BE DESTROYED.
(C) ELECTION REGISTERS, NOMINATING PETITIONS, DECLARATION OF CANDIDACY, AND REJECTED BALLOTS
SHALL BE RETAINED FOR ONE (1) YEAR AFTER THE CERTIFICATION OF THE ELECTION. THESE MATERIALS
MAY BE DESTROYED AFTER THEIR RETENTION PERIOD HAS LAPSED UNLESS THEIR DESTRUCTION IS
STAYED BY AN ORDER OF THE COURT.]
The City Clerk will preserve all precinct election certificates, tallies, registers, voted ballots and
sworn statements of candidacy not less than one year after certification of the election and in
accordance with the City of Kenai Records Management Schedule and Record Retention Policy as
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Ordinance No. 3398-2024
Page 2 of 10
New Text Underlined; [DELETED TEXT BRACKETED]
adopted by the City Council pursuant to KMC 10.30.030. These materials may be destroyed after their
retention period has lapsed unless their destruction has been stayed by an order of the court.
Section 3. Amendment of Section 6.15.010 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.15.010 Candidate Qualifications, paragraph (a) is hereby amended as follows:
A candidate for elective City office:
(a) [SHALL] Must be at least twenty-one (21) years of age and have the qualifications required in City
Charter, Section 2-1(b), as of the date of the [DECLARATION] sworn statement of candidacy;
Section 4. Amendment of Section 6.15.020 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.15.020 Nomination and Declaration of Candidacy, is hereby amended as follows:
6.15.020 Nomination Petition and [DECLARATION] Sworn Statement of Candidacy.
(a) Any qualified person may have their name placed on the ballot for the election as a candidate for
Council or Mayor by filing with the Clerk, between August 1st and August 15th, 4:30 p.m., a
nominating petition with sufficient signatures, [AND] a sworn statement of [HIS OR HER] candidacy,
[ON A FORM OR FORMS PROVIDED BY THE CLERK, ACCOMPANIED BY THE] and a public financial
disclosure statement required by KMC 1.85.010(a). If August 15th is not a regular City workday,
then candidates [SHALL] will have until noon on the first workday following to file their candidacy
paperwork.
([B]b) The [A] nominating petition [SHALL] must be on a form provided by the clerk and must include:
(1) The full name of the candidate the petitioners are sponsoring; and
(2) The full residence address of the candidate; and
(3) The office for which the petitioners are nominating the candidate; and
(4) The length of the term of office for which the petitioners are nominating the candidate; and
(5) Certification that the petitioners’ names appear on current voter registration rolls for the City
of Kenai, are qualified to vote for a candidate for elective municipal office and have not signed
[ANY OTHER] more nominating petition than there are vacancies to be filled for the particular
office the named candidate seeks.
(c) If a voter signs more nomination petitions than hereby authorized, the voters’ signature will be
void except as to the authorized number of petitions first filed with the clerk.
([C]d) The sworn statement of candidacy must be on a form provided by the clerk and must [A SWORN
STATEMENT OF CANDIDACY AND CERTIFICATION OF QUALIFICATION SHALL] include:
(1) The office for which the candidate accepts nomination; and
(2) A statement that the candidate agrees to serve, if elected; and
(3) A statement that the candidate is qualified for the office as provided by law; and
(4) The date and signature of the candidate; and
(5) Attestation and date by the Clerk; and
([D]e) A candidate [SHALL] must provide any other information the Clerk reasonably requires to
determine whether the candidate is qualified for the office as provided by law.
([E]f) Within three (3) days after the filing of the [DECLARATION] sworn statement of candidacy and
nominating petition, the Clerk [SHALL] will determine whether the nominating petition is signed by
the required number of registered voters, and so notify the candidate. If insufficient, the Clerk will
[SHALL RETURN THE PETITION IMMEDIATELY TO] notify the candidate with a statement as to why the
petition is insufficient. [WITHIN THE REGULAR TIME FOR FILING PETITIONS AND DECLARATIONS OF
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Ordinance No. 3398-2024
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CANDIDACY, A NEW PETITION AND DECLARATION OF CANDIDACY MAY BE FILED BY THE CANDIDATE.] The
[ABOVE] notice to the candidate [AND THE RETURN OF AN INSUFFICIENT PETITION] may be in person
or by mail and will include a copy of the insufficient petition.
(g) A Candidate may correct an insufficient nomination petition by filing a new nomination petitions
within the regular time for filing nomination petitions and sworn statements of candidacy, with the
exception that a nomination petition that has an insufficient number of signatures may be
supplemented with additional signatures on a form provided by the Clerk, supplemental
signatures must be obtained and filed with the Clerk within the regular time for filing nomination
petitions and a sworn statement of candidacy.
([F]h) Any candidate for office may correct, amend or withdraw their candidacy at any time before the
expiration of the time when candidates may file statements of candidacy, by filing a written notice
of correction, amendment or withdrawal with the City Clerk. If a candidate desires to file for a
different seat, the candidate must file a new nomination petition and sworn statement of
candidacy.
Section 5. Amendment of Section 6.15.030 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.15.030 Review of Candidate Qualifications, paragraphs (c) and (f), is hereby amended as
follows:
(c) Any person may question the eligibility of a candidate who has filed a [DECLARATION] a sworn
statement of candidacy by filing a complaint with the Clerk. A complaint regarding the eligibility of
a candidate must be received by the Clerk not later than the close of business on the tenth
calendar day after the filing deadline for the office for which the candidate seeks election.
…
(f) Upon receipt of a complaint, the Clerk will review any evidence relevant to the issues identified in
the complaint which is in the custody of the municipal Clerk’s office including evidence provided
with the complaint, the candidate’s registration record, [DECLARATION] sworn statement of
candidacy, and, in the discretion of the Clerk, any other public record. Following review of all
relevant evidence in the case, and within twenty (20) days of receiving the complaint, the Clerk
will determine whether a preponderance of evidence supports or does not support the eligibility
of the candidate. The process for issuing a final determination will be as follows:
Section 6. Amendment of Section 6.15.050 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.15.050 Notice of Vacancy, is hereby amended as follows:
At least ten (10) days before nominations are open for each regular or special election, the Clerk
[SHALL] will publish at least twice in a newspaper of general circulation, a notice of offices to be filled at
the election and the procedure for filing a nomination petition and sworn statement of candidacy for the
offices.
Section 7. Enactment of Section 6.15.060 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.15.060 Write-In Candidates, is hereby enacted as follows:
6.15.060 Write-In Candidates
An individual who misses the nomination petition and sworn statement of candidacy filing period
may run as a write-in candidate. Votes for a write-in candidate for elective city office will not be
counted unless that candidate has filed with the Clerk, at least five-days prior to the election date a
nomination petition with sufficient signatures, a sworn statement of candidacy and a public financial
disclosure statement as required by KMC 1.85.010(a). In order to protect the integrity of the
process, the deadlines for filing for elected office and the printing requirements, a write-in
candidates name and statement will not be included in any published materials of the City or
published materials generated on behalf of the City.
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Ordinance No. 3398-2024
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Section 8. Amendment of Section 6.20.030 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.20.030 Ballot Form, paragraph (b), is hereby amended as follows:
(b) The title of the office to be filled [SHALL] will be followed by the printed names of the candidates for
such office, below which [SHALL] will be blank lines equal in number to the candidates to be elected
to such office, upon which the voter may write the names of persons not listed on the ballot. The
words “Vote for no more than _______” with the appropriate number replacing the blank, [SHALL]
will be placed before the list of candidates for each office. The names of the candidates [SHALL]
will be printed as they appear upon the [DECLARATION] sworn statement of candidacy filed with the
Clerk, except that any honorary or assumed title or prefix [SHALL] will be omitted. However, the
candidate’s name appearing on the ballot may include a nickname or familiar form of a proper
name. The names of candidates [SHALL] will be set out in order as provided in subsection (a) of
this section.
Section 9. Repeal and Reenact Section 6.30.050 of Kenai Municipal Code: That Kenai Municipal
Code, Section 6.30.050 Absentee Voting - By Mail, is hereby repealed and reenacted as Section 6.30.050
Absentee Voting By-Mail or Electronic Transmission as follows:
[6.30.050 ABSENTEE VOTING - BY MAIL
(A) A QUALIFIED VOTER MAY APPLY FOR AN ABSENTEE BALLOT BY MAIL IF POSTMARKED NOT EARLIER THAN
THE FIRST OF THE YEAR IN WHICH THE ELECTION IS TO BE HELD NOR LESS THAN SEVEN (7) DAYS BEFORE
AN ELECTION. A VOTER MAY REQUEST THEIR NAME BE PLACED ON PERMANENT ABSENTEE BY MAIL
STATUS. THE APPLICATION SHALL INCLUDE THE ADDRESS TO WHICH THE ABSENTEE BALLOT IS TO BE
RETURNED, THE APPLICANT’S FULL ALASKA RESIDENCE ADDRESS, A VOTER IDENTIFIER SUCH AS A
VOTER NUMBER, SOCIAL SECURITY NUMBER OR DATE OF BIRTH, AND THE APPLICANT’S SIGNATURE.
(B) AFTER RECEIPT OF AN APPLICATION FOR AN ABSENTEE BALLOT BY MAIL, THE CLERK SHALL SEND THE
ABSENTEE BALLOT AND OTHER ABSENTEE VOTING MATERIAL TO THE APPLICANT BY FIRST CLASS MAIL.
THE MATERIALS SHALL BE SENT AS SOON AS THEY ARE READY FOR DISTRIBUTION. THE POSTAGE PAID
RETURN ENVELOPE SENT WITH THE MATERIALS SHALL BE ADDRESSED TO THE CLERK.
(C) UPON RECEIPT OF AN ABSENTEE BALLOT BY MAIL, THE VOTER MAY PROCEED TO MARK THE BALLOT IN
SECRET, TO PLACE THE BALLOT IN THE SMALL ENVELOPE, TO PLACE THE SMALL ENVELOPE IN THE
LARGER ENVELOPE, AND TO SIGN THE VOTER’S CERTIFICATE ON THE BACK OF THE LARGER ENVELOPE
IN THE PRESENCE OF AN OFFICIAL WHO SHALL SIGN AS ATTESTING OFFICIAL AND SHALL DATE THEIR
SIGNATURE. OFFICIALS RECOGNIZED TO ATTEST TO THE VERACITY OF SIGNATURES LISTED IN THIS
SUBSECTION ARE: A NOTARY PUBLIC, A COMMISSIONED OFFICER OF THE ARMED FORCES, INCLUDING
THE NATIONAL GUARD, STATE COURT JUDGE, STATE COURT CLERK, UNITED STATES POSTAL OFFICIAL,
OR OTHER PERSON QUALIFIED TO ADMINISTER OATHS. IF NONE OF THE OFFICIALS LISTED IN THIS
SUBSECTION ARE REASONABLY ACCESSIBLE, AN ABSENTEE VOTER SHALL HAVE THE BALLOT
WITNESSED BY ONE (1) UNITED STATES CITIZEN WHO IS EIGHTEEN (18) YEARS OF AGE OR OLDER. A
SELF-CERTIFICATION OF THE WITNESS’S QUALIFICATIONS MAY BE ACCEPTED.
(D) AN ABSENTEE BALLOT MUST BE MARKED AND ATTESTED ON OR BEFORE THE DATE OF THE ELECTION. IF
THE VOTER RETURNS THE BALLOT BY MAIL, THEY SHALL USE THE MOST EXPEDITIOUS MAIL SERVICE AND
MAIL THE BALLOT NOT LATER THAN THE DAY OF THE ELECTION TO THE CLERK. IT MUST BE POSTMARKED
ON OR BEFORE MIDNIGHT OF ELECTION DAY AND RECEIVED BY THE CLERK NO LATER THAN NOON ON
THE SEVENTH DAY FOLLOWING THE ELECTION. BALLOT ENVELOPES RECEIVED AFTER THAT TIME SHALL
NOT BE OPENED BUT SHALL BE MARKED “INVALID,” WITH THE DATE OF RECEIPT NOTED THEREON, AND
SHALL BE PRESERVED WITH OTHER BALLOTS OF THE ELECTION.
(E) THE CLERK SHALL, AS SOON AS PRACTICABLE, MAKE A REASONABLE EFFORT TO CONTACT EACH
ABSENTEE BY MAIL VOTER, WHOSE ABSENTEE BALLOT W OULD BE REJECTED UNDER KMC 6.40.030,
EXPLAIN WHY THE BALLOT WOULD BE REJECTED, AND PROVIDE A REASONABLE OPPORTUNITY, UNTIL
5:00 P.M. ON THE SIXTH DAY AFTER ELECTION DAY, TO CURE THE BALLOT.
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(F) THE CLERK MAY REQUIRE A VOTER CASTING AN ABSENTEE BALLOT BY MAIL TO PROVIDE PROOF OF
IDENTIFICATION OR OTHER INFORMATION TO AID IN THE ESTABLISHMENT OF THEIR IDENTITY.
(G) THE CLERK SHALL MAINTAIN A RECORD OF THE NAME OF EACH VOTER TO WHOM AN ABSENTEE BALLOT
IS SENT BY MAIL. THE RECORD MUST LIST THE DATE ON WHICH THE BALLOT IS MAILED AND THE DATE
ON WHICH THE BALLOT IS RECEIVED BY THE CLERK AND THE DATES ON WHICH THE BALLOT WAS
EXECUTED AND POSTMARKED.]
6.30.050 Absentee Voting By-Mail or Electronic Transmission.
(a) Qualified voters of the city may apply for delivery of an absentee ballot. Application for delivery of
an absentee ballot may not be submitted earlier than the first of the year in which the election is to
be held; and
(1) Application requesting delivery by mail must be received not less than seven days before an
election; or
(2) Application requesting delivery by electronic transmission must be received not later than 5:00
p.m. the day preceding the election.
(b) Applications to receive an absentee ballot by-mail or by electronic transmission may be submitted
to the clerk in person, by mail, by facsimile or other electronic means as prescribed by the clerk.
(c) A qualified voter may request that their name be placed on a permanent list to receive an absentee
ballot application annually.
(d) Absentee ballot applications will be on a form provided by the clerk and will Include the following:
(1) Applicants full name; and
(2) Applicants full city residence address; and
(3) By-Mail delivery requests will include the address the applicant desires the absentee ballot to
be mailed to; and
(4) By-Electronic transmission requests include the facsimile number or email address to which
the ballot is to be sent to; and
(5) A voter identifier such as a voter number, social security number or date of birth; and
(6) The applicants signature.
(e) After receipt of an application for a by-request ballot, the clerk will as soon as the absentee voting
materials are ready for distribution send the absentee voting package:
(1) By-mail absentee voting package will be sent to the applicant by first class mail and include a
ballot, a secrecy sleeve, a postage paid return absentee ballot affidavit envelope addressed
to the city clerk and instructions for returning an absentee by-mail affidavit envelope and ballot.
(2) By-Electronic transmission absentee voting package will be sent to the applicant by electronic
transmission and include a copy of the ballot in a form that is suitable for electronic
transmission, a voter affidavit form, a return facsimile number and instructions for returning
the voter affidavit form and electronic transmission ballot.
(f) The clerk will maintain a record of absentee voters pursuant to KMC 6.30.110.
(g) Voters may proceed as follows upon receipt of the by-requested absentee ballot packet:
(1) Mark the ballot in secret; and
(i) By-mail ballots. Fold the ballot in half and place it in the provided secrecy sleeve, then
placed the secrecy sleeve containing the voted ballot into the larger postage paid affidavit
envelope; or
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(ii) By-electronic transmission ballots. Fold the ballot in half in a manner to preserve the
secrecy of the voted ballot; and
(2) In the presence of an authorized individual as identified within this paragraph, sign and date
the voter certification/oath. Authorized officials include: notary public; commissioned officer of
the armed forces including the National Guard; district judge or magistrate; United States
postal official or other person qualified to administer oath. If no authorized official is available,
the absentee voter will sign the voter certificate in the presence of an individual who is a United
States citizen and 18 years of age or older; and
(3) Have the authorized official sign and date the witness affidavit portion of the affidavit envelope
or electronic transmission affidavit form; and
(4) Complete the voter identification section of the return absentee affidavit envelope or electronic
transmission affidavit form.
(h) Voted absentee by-request ballots will comply with subsection g of this section and will be returned
as follows:
(1) By-mail voted ballot must be marked and attested to on or before the date of the election. If
the ballot is returned by mail it must be postmarked on or before midnight of the election day
and received by the clerk no later than noon on the seventh day following the election. All
absentee by mail ballots will meet the requirements of KMC 6.30.100.
(2) By-electronic transmission ballot must be marked and attested to on or before the date of the
election; and
(i) May not be returned by email; and
(ii) If returned by facsimile, must be received not later than 8:00 p.m. on the date of the
election; and
(iii) If returned by mail the voter will use a mail service at least equal to first class mail,
comply with subsection h. 1. of this section and meet the requirements of KMC
6.30.100; and
(iv) Include the following statement:
I understand that by using electronic transmission to return my marked ballot, I am
voluntarily waiving a portion of my right to a secret ballot to the extent necessary to
process my ballot, but expect my vote will be held as confidential as possible.
(i) The clerk may require a voter casting an absentee ballot by-mail or electronic transmission to
provide proof of identification or other information to aid in the establishment of their identity.
Section 10. Repeal of Section 6.30.060 of Kenai Municipal Code: That Kenai Municipal Code, Section
6.30.060 Absentee Voting - By Electronic Transmission, is hereby repealed as follows:
[6.30.060 ABSENTEE VOTING—BY ELECTRONIC TRANSMISSION.
(A) A QUALIFIED VOTER MAY APPLY FOR AN ABSENTEE BALLOT TO BE SENT BY ELECTRONIC TRANSMISSION.
SUCH REQUEST MUST BE MADE NOT LESS THAN THE DAY IMMEDIATELY PRECEDING THE ELECTION.
ABSENTEE BALLOTS WILL BE ELECTRONICALLY TRANSMITTED TO THE LOCATION DESIGNATED IN THE
APPLICATION. IF NO LOCATION IS DESIGNATED, AND IF THE REQUEST IS RECEIVED NO LATER THAN
SEVEN (7) DAYS PRIOR TO THE ELECTION, THE BALLOT WILL BE MAILED IN THE MANNER PROVIDED IN
KMC 6.30.050 FOR ABSENTEE BALLOTS BY MAIL. THE CLERK WILL PROVIDE REASONABLE CONDITIONS
FOR ELECTRONICALLY TRANSMITTING ABSENTEE BALLOTS.
(B) A BALLOT ELECTRONICALLY TRANSMITTED SHALL CONTAIN A COPY OF THE BALLOT TO BE USED AT THE
ELECTION IN A FORM SUITABLE FOR TRANSMISSION. A PHOTOCOPY OF THE COMPUTERIZED BALLOT
CARD TO BE USED BY PERSONS VOTING IN PERSON AT THE POLLING PLACE IS ACCEPTABLE.
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(C) AN ABSENTEE BALLOT THAT IS COMPLETED AND RETURNED BY THE VOTER BY ELECTRONIC
TRANSMISSION MUST:
(1) CONTAIN THE FOLLOWING STATEMENT:
I UNDERSTAND THAT BY USING ELECTRONIC TRANSMISSION TO RETURN MY MARKED BALLOT, I AM
VOLUNTARILY WAIVING A PORTION OF MY RIGHT TO A SECRET BALLOT TO THE EXTENT NECESSARY
TO PROCESS MY BALLOT, BUT EXPECT THAT MY VOTE WILL BE HELD AS CONFIDENTIAL AS
POSSIBLE.
FOLLOWED BY THE VOTER’S SIGNATURE AND DATE OF SIGNATURE; AND
(2) BE ACCOMPANIED BY A STATEMENT EXECUTED UNDER OATH AS TO THE VOTER’S IDENTITY; THE
STATEMENT UNDER OATH MUST BE WITNESSED BY ONE (1) UNITED STATES CITIZEN WHO IS
EIGHTEEN (18) YEARS OF AGE OR OLDER. A SELF-CERTIFICATION OF THE WITNESS’S
QUALIFICATIONS MAY BE ACCEPTED.
(D) THE VOTER SHALL MARK THE BALLOT ON OR BEFORE THE DATE OF THE ELECTION AND MAY USE A MAIL
SERVICE AT LEAST EQUAL TO FIRST CLASS AND MAIL THE BALLOT NOT LATER THAN THE DAY OF THE
ELECTION TO THE CLERK. THE BALLOT MAY NOT BE COUNTED UNLESS IT IS RECEIVED BY NOON ON THE
SEVENTH DAY AFTER THE ELECTION.
(E) A VOTER WHO RETURNS THE ABSENTEE BALLOT BY ELECTRONIC TRANSMISSION MUST COMPLY WITH
THE SAME DEADLINES AS FOR VOTING IN PERSON ON OR BEFORE THE CLOSING OF THE POLLS.
(F) WHEN A COMPLETED ABSENTEE BALLOT IS RECEIVED BY ELECTRONIC TRANSMISSION, THE CLERK WILL
NOTE THE DATE OF RECEIPT ON THE ABSENTEE BALLOT APPLICATION LOG AND, IF THE BALLOT IS
RECEIVED ON ELECTION DAY, THE TIME OF RECEIPT. THE CLERK WILL THEN:
(1) REMOVE THE BALLOT PORTION OF THE TRANSMISSION FROM THE PORTION THAT IDENTIFIES THE
VOTER;
(2) PLACE THE BALLOT PORTION IN A SECRECY SLEEVE;
(3) SEAL THE SECRECY SLEEVE IN AN OUTER ENVELOPE OF THE TYPE USED FOR ABSENTEE BALLOTS
RETURNED BY MAIL, AND SEAL THAT ENVELOPE;
(4) ATTACH THE VOTER IDENTIFICATION PORTION TO THE OUTER ENVELOPE; AND
(5) FORWARD THE OUTER SEALED ENVELOPE TO THE CANVASSING BOARD FOR REVIEW .
(G) THE CLERK SHALL, AS SOON AS PRACTICABLE, MAKE A REASONABLE EFFORT TO CONTACT EACH
ABSENTEE BY ELECTRONIC TRANSMISSION VOTER, WHOSE ABSENTEE BALLOT WOULD BE REJECTED
UNDER KMC 6.40.030, EXPLAIN WHY THE BALLOT WOULD BE REJECTED, AND PROVIDE A REASONABLE
OPPORTUNITY, UNTIL 5:00 P.M. ON THE SIXTH DAY AFTER ELECTION DAY, TO CURE THE BALLOT.
(H) AN ELECTRONICALLY TRANSMITTED BALLOT SHALL BE COUNTED IN THE SAME MANNER AS OTHER
ABSENTEE BALLOTS, EVEN THOUGH THIS PROCEDURE MAY REVEAL TO ONE (1) OR MORE ELECTION
OFFICIALS THE MANNER IN WHICH A PARTICULAR ABSENTEE VOTER CAST HIS OR HER BALLOT.
HOWEVER, IT SHALL BE UNLAWFUL TO DISPLAY A TELEFAX BALLOT IN A MANNER REVEALING THE WAY
IN WHICH A PARTICULAR VOTER CAST HIS OR HER BALLOT TO ANY PERSON OTHER THAN THE CLERK, A
MEMBER OF THE CLERK’S STAFF, AN ELECTION OFFICIAL IN THE COURSE OF HIS OR HER DUTIES, OR AN
ATTORNEY ADVISING THE CLERK ON LEGAL QUESTIONS CONCERNING THE BALLOT.]
Section 11. Enactment of Section 6.30.055 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.30.055 Review of Returned By-Mail or Electronic Transmission Affidavits, is hereby enacted
as follows:
6.30.055 Review of Returned By-Mail or Electronic Transmission Affidavits.
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(a) Upon the return of a voted by-request ballot, the clerk or designee will record receipt of such ballot
in accordance with KMC 6.30.110. When a ballot is returned by electronic transmission on election
day the clerk will also record the time of receipt.
(b) Electronically transmitted ballots will be counted in the same manner as other absentee ballots,
even though the receiving process established within this section may reveal to one or more
election officials the manner in which a particular absentee voter cast their ballot. It will be unlawful
to display an electronically transmitted ballot in a manner revealing the way in which a particular
voter cast their ballot to any person other than the clerk, member of the clerk’s staff, an election
official in the course of their duties or an attorney advising the clerk on legal questions concerning
the ballot.
(1) When a ballot is returned by electronic transmission, the city clerk will:
(i) Fold and place the electronic transmitted ballot in a secrecy sleeve; and
(ii) Seal the secrecy sleeve containing the voted ballot in an outer envelope, then seal the
outer envelope; and
(iii) Attach the voter affidavit form and identification portion of the transmission to the outside
of the sealed envelope; and
(c) Returned voted by-request absentee ballots, regardless of the method in which they were returned
will be stored in a secure location until delivered to the canvass board.
(d) If a returned ballot affidavit envelope or an electronically transmitted affidavit form is received by
the office of the clerk on or before the closing of the polls on election day, the clerk or designee
will review the affidavit for completeness. If the affidavit is incomplete causing the ballot to be
rejected pursuant to KMC 6.40.030, the city clerk or designee will within 24 hours of receipt of the
voted ballot affidavit, notify the voter of the deficiency.
(e) Incomplete affidavits may be corrected by the voter, in person at the office of the city clerk during
regular business hours. In person corrections must be made by the voter no later than 5:00 p.m.
on the sixth day following the election. Should the sixth day following the election be a Saturday,
Sunday or recognized city holiday, the voter will have until 10:00 a.m. on the following business.
(1) If the voter is unable to correct the deficiency in person, the voter may:
(i) Request delivery of a replacement by-mail absentee ballot package, provided that the
request must be received not less than seven days before an election; or
(ii) Request delivery of a replacement by-electronic transmission ballot package, provided
that the request must be received no later than 5:00 p.m. the day preceding the election;
and
(iii) All voted replacement ballot package will meet the requirements of KMC 6.30.050 and
KMC 6.30.100.
(f) Voted absentee by-mail or electronic transmission ballots received after the deadlines as
established in the subsections of KMC 6.30.050(h) will be marked “invalid”, remain un-opened with
the date of receipt on the envelope and be preserved in accordance with the records retention
schedule as adopted by the City Council.
Section 12. Amendment of Section 6.40.010 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.40.010 Canvassing Board, paragraph (a)(2), is hereby amended as follows:
(2) The Canvassing Board shall consist of the City Clerk and up to [five (5)] six additional judges
selected from among the qualified voters of the City. In the event any such appointed member of
the Board is absent from the City, ill, or otherwise unable to attend at the time set for canvassing
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the ballot, the City Clerk is hereby authorized to appoint another election judge from the same
precinct to substitute for the appointed member.
Section 13. Amendment of Section 6.40.020 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.40.020 Canvass Returns, paragraph (a) is hereby amended as follows:
(a) The Canvassing Board [SHALL] will meet on the [TUESDAY] seventh day following each election.
The election Canvassing Board shall meet in public session and canvass all election returns. In
full view of those present, the election Canvassing Board shall judge the applicability of by mail
and absentee ballots, shall open and tally those accepted, and shall compile the total votes cast
in the election. The canvass of the ballot vote counted by the precinct election boards shall be
accomplished by reviewing the tallies of the recorded vote to check for mathematical error by
comparing totals with the precinct’s certificate of results. All obvious errors found by the election
canvass in the transfer of totals from the precinct tally sheets to the precinct certificate of results
shall be corrected by the Canvassing Board. A mistake which has been made in precinct returns
that is not clearly an error in the transfer of the results from the tallies to the certificate of results
empowers the Canvassing Board to recommend a recount of the results of the precinct or
precincts for that portion of the returns in question. Upon completion of the canvass, the
Canvassing Board shall prepare a final certificate of the results of votes cast by absentee ballot
and of votes cast by mail ballot, and shall prepare a written report of the results.
Section 14. Amendment of Section 6.45.020 of Kenai Municipal Code: That Kenai Municipal Code,
Section 6.45.020 Date of Recount - Notice, is hereby amended as follows:
6.45.020 Date of Recount - Notice.
(a) If the Clerk determines that the application is substantially in the required form, the Clerk [SHALL]
will fix the date of the recount to be held within [FORTY-EIGHT (48) HOURS] three-days, excluding
any Saturday, Sunday, or holiday, after the receipt of an application requesting a recount of the
votes in a City election after it has been initiated under KMC 6.45.010.
(b) The Clerk shall give the recount applicant and other directly interested parties notice of the time
and place of the recount by telephone or electronic transmission.
Section 15. 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 16. Effective Date: That pursuant to KMC 1.15.070(f), this ordinance shall take effect 30 days
after enactment.
ENACTED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, THIS 21ST DAY OF FEBRUARY,
2024.
___________________________________
Brian Gabriel Sr., Mayor
ATTEST:
___________________________________
Michelle M. Saner, MMC, City Clerk
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Introduced: February 7, 2024
Enacted: February 21, 2024
Effective: March 22, 2024
Page 111
MEMORANDUM
TO: Mayor Gabriel and Council Members
FROM: Shellie Saner, City clerk
DATE: January 25, 2024
SUBJECT: Amendments to Kenai Municipal Code Title 6 - Elections
The amendments to the KMC Title 6 - Elections as proposed in the attached ordinance include some
minor housekeeping amendments and codification of certain election current election procedures. The
following identifies the proposed amendments by ordinance section:
Section 1. Addresses the initiation of a recount in the case of a tie. Current code requires the Council
to order a recount in the case of a tie, the proposed amendment would direct the clerk to notify the
tied candidates and Council, and proceed with the recount in accordance with KMC 6.45.030 - Date
of Recount Notice. (Note: Section 14 of the Ordinance proposes an amendment to the number of days
in which the recount must be held.)
The proposed change will expedite the initiation of a recount by eliminating the need to call and notice
a special meeting of the council as well as allowing the recount to be scheduled and conducted before
the next regular Council Meeting, allowing certification of the election to be on schedule.
Section 2. Removes retention requirements for election materials from KMC and instead refers to the
City of Kenai Records Retention Policy.
The records retention policy in accordance with KMC 10.30-Records Retention is adopted by the
Council and any changes to the retention of election materials would be brought to the Council as an
amendment to the policy. The amendment as proposed in the ordinance would prevent any potential
conflicts if the retention were to be changed in one location and not the other.
Section 3. Housekeeping, Kenai Municipal Charter references a sworn statement of candidacy, there
are several sections within the ordinance that propose changing “declaration of candidacy” to “sworn
statement of candidacy”. This will provide continuity throughout the election charter and code.
Section 4. Includes some housekeeping; provides clarification for the number of nominations petitions
a voter may sign and if a voter signs more than allowed, which signature would be counted; establishes
additional standards for insufficient nomination petitions; and adds standards for correction and
amendments to sworn statements of candidacy to the existing withdrawal section. The following
identifies specific amendments within the section.
• Paragraph (a). Mostly housekeeping amendments. The language “on a form or forms provided
by the clerk” was relocated to the beginning of the subsections specifically related to the
nomination petition form and the sworn statement of candidacy form.
• Paragraph (b), subparagraph (5). Increases the number of nomination-petitions a voter can sign
to equal the number of vacancies to be filled. City Council seats are at large and during regular
election a voter may vote for no more than two candidates; however, current code prohibits a
voter from signing more than one nomination petitions, the proposed amendment will permit a
voter to sign as many petitions as there are vacancies to be filled.
• Paragraph (c). This is a new paragraph and provides clear direction on which signatures would
count if a voter signed more petitions than vacancies. As written it establishes that the signatures
on the nomination petitions first filed would be the signatures used. This provision prevents the
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possibility of a candidate who had already been certified, having that certification revoked at a
later date due to a voter signing more petitions than permitted.
• Paragraph (d). Clarifies that the sworn statement of candidacy is on a form provided by the clerk.
• Paragraph (e). Housekeeping amendments.
• Paragraph (f). New language in this subsection clarifies that the candidate will be provided a
copy of the insufficient nomination petition which allows the clerk to retain the original for records
retention purposes. The language being removed related to filing a new petition was included in
the new subparagraph (g).
• Paragraph (g). Continued with the intent of the language that was removed from paragraph (f);
however, added new language that if the nomination petition was insufficient due to signatures,
the candidate could gather supplemental signatures instead of circulating a new petition.
• Paragraph (h). Expanded the rules for withdrawals of sworn statements candidacy to include
corrections or amendments of sworn statements of candidacy. Also establishes that if a
candidate desires to file for a different seat, they would be required to file a new nomination
petition and sworn statement of candidacy.
Section 5 & 6. Housekeeping amendments.
Section 7. Establishes a new section of code for write in candidates. Kenai Municipal Charter 10-04
allows that a voter may write in a person whose name does not appear on the ballot and KMC 6.35
establishes rules for counting write-in-votes; however, there is no established code for write-in
candidates.
At the State level, thirty-three states including Alaska only accept votes for write-in candidates who
officially register as a candidate, eight states have no regulations regarding write-in candidates, and
nine states do not accept write-in candidates at all. Alaska Statutes (AS) 15.25.105 applicable only in
state elections, in part provides that votes for a write-in candidate may not be counted unless that
candidate has filed a letter of intent with the director, not less than five days before the election.
The Kenai Peninsula Borough, City of Seward and City of Soldotna require write in candidates to file
prior to the election and of the eleven Home Rule City’s in the State of Alaska seven have filing
requirements for write-in candidates.
Including provisions for write-in candidates in KMC will ensure that write in candidates meet the same
standards and requirements as the candidates who filed during the open filing period.
Section 8. Housekeeping amendment.
Section 9. Repeals KMC 6.30.050 Absentee Voting - By Mail and reenacts KMC 6.30.050 Absentee
Voting By-Mail or Electronic Transmission. Attachment B shows the repealed section of code with
comments on where and how those sections were incorporated into the reenacted code.
This proposed amendment will combine the current KMC 6.30.050 Absentee Voting - By-Mail and
KMC 6.30.060 Absentee Voting - By-Electronic Transmission into one section of code.
The overall procedures for managing requests for delivery of absentee voting packages should be
consistent regardless of the method in which the voting materials are delivered and the method in
which the voter chooses to return the voted materials. The proposed new section of code provides a
consistent process for both the by-mail and by-electronic transmission absentee voting as well as
providing clear regulations regarding the methods of delivery and return available. The following
identifies more substantive changes proposed in the new section of code:
• Paragraph (c). Codifies the current practice, clarifying that if a voter wishes to receive an
absentee ballot package permanently, that voter will be required to complete an absentee
ballot application on an annual basis.
• Paragraph (d). Established the required form of an absentee ballot application.
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• Paragraph (h)(2)(i). Establishes the electronic voted materials may not be returned by email.
This is the current practice in place to protect not only the voter’s identifiers that are required
on the affidavit, but also how the voter voted.
Section 10. Repeals KMC 6.30.060 Absentee Voting - By Electronic Transmission. Attachment C
shows the repealed section KMC 6.30.060 with comments on where and how those sections were
incorporated into the reenacted KMC 6.30.050 Absentee Voting By-Mail or Electronic Transmission.
Section 11. Establishes a new section of code KMC 6.30.055 Review of Returned Absentee By-Mail
or Electronic Transmission Affidavits. This new section will codify the process in which returned
absentee by-mail or electronic transmission voted ballots are processed when received and ensures
consistency and security, it also incorporates and substantially expands portions of the repealed KMC
6.30.050 & 6.30.060 regarding procedures for an absentee voter to correct incomplete affidavits.
Section 12. Increases the number of canvass board members from five to six. Canvass board
members work in teams of two, this process is done to ensure that all voted ballot materials remain in
dual custody and accountability reporting is confirmed by the two members who canvassed a specific
voting location, no canvass board member may canvass their own work. During canvassing the clerk
is frequently requested to provide direction to different canvassing teams, causing interruption to the
team in which the clerk is participating in. An additional member will allow the clerk to oversee each
team during the canvassing of an election.
Section 13. Amends the date in which the canvass board meets after an election from Tuesday to the
seventh day. This amendment does not change the actual number of days after an election that the
canvass board meets, it addresses the potential of an election being conducted on a day other than a
Tuesday.
Section 14. Changes the number of days in which the clerk has to conduct a recount from two (48-
hours) to three days.
Alaska Statutes (AS 15.20.460) and Kenai Peninsula Borough (KPB 4.100.030) provides for the date
of the recount to be held within three days. Allowing one additional day before the recount will be held
provides consistency in the process with others and allows the clerk additional time to recruit a recount
board and make other necessary preparations for a recount.
Attachment A - Council Adopted Retention Policy for Elections
Attachment B - Repealed KMC 6.30.050 Absentee Voting - By Mail
Attachment C - Repealed KMC 6.30.060 Absentee Voting - By Electronic Transmission
Page 114
CLERK
RECORD
SERIES SUBJECTS DESCRIPTION DATA
OWNER
RETENTION CITATION COMMENTS/NOTES
CLK1000 Councils, Boards, or
Commissions –
Appointments to Boards
and Commissions
Including, but not limited to:
•Appointments, and
•Resignations
City Clerk Act + 6 years LGM #300.1
2.6
Master list of appointments is
kept permanently, see CLK1100
CLK1100 Councils, Boards, or
Commissions –
Minutes, Ordinances and
Resolutions;
Master List of Board,
Commission, Commission,
and Committee Members;
Oaths of Office
Including, but not limited to:
•Minutes, ordinances, and resolutions,
•Charter, code supplements,
ordinance and resolution indexes,
•Master list of names, terms, and
dates of service,
•Oaths of office,
•Proclamations, and
•Any other records that constitute
official accounts of the proceedings
and actions of the body.
City Clerk Permanent LGM #300.1
2.4, 2.5, 2.6
AS 29.20.380
CLK1200 Councils, Boards, or
Commissions –
Supporting Documentation
Including, but not limited to:
•Audio/Visual Recordings,
•Correspondence,
•Meeting information/packets, and
•Public notices.
City Clerk C + 10 years LGM #300.1
2.1.2
C = Until minutes have been
approved.
*Meeting packets are
maintained electronically for the
life of the electronic file.
CLK2000 Elections - Permanent Including, but not limited to:
•Canvass board reports,
•Council certificate of election,
•Preclearance records.
City Clerk Permanent KMC 6.05.280
LGM #300.1
8.3, 8.6
CLK2100 Elections – General Including, but not limited to:
•Candidate lists,
•Financial Disclosure Statements,
•Correspondence,
•Election officials’ records,
•Initiative, referendum, and recall
records filed by private citizens or
groups requesting governing body
action,
•Materials for absentee, early,
questioned voter, or special needs
voting, and,
•Posting notices/materials.
City Clerk Act + 6 years AS 15.15.470
AS 29.26
AS 15.25.230
KMC 6.05.280
LGM #300.1
2.3, 8.4, 8.7,
8.11, 8.13
CLK2200 Elections –
Registers & Tally Books
Includes:
•Precinct, final voting, questioned
voter, special needs voting, and
absentee voter.
•Special needs voting applications
City Clerk C + 4 years KMC 6.05.280 C = Until election is certified
Retain longer if election is
contested per AS 15.15.470
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CLERK
RECORD
SERIES SUBJECTS DESCRIPTION DATA
OWNER
RETENTION CITATION COMMENTS/NOTES
CLK2300 Elections –
Declarations of
Candidacy/Nomination
Petitions
Declarations of Candidacy and Nomination
petitions
City Clerk C + 3 years KMC 6.05.280
KMC 6.10.040
C = Until term expires
CLK2400 Elections –
Recount Petitions &
Election Contests
Includes:
•Candidate requests for recount of
individual machine or paper ballot
tallies; includes candidates’ reason for
request
•Contested election and runoff data
City Clerk C + 1 year KMC 6.05.280
LGM #300.1
8.5
C = Until election is certified.
CLK2500 Elections –
Ballots
Including, but not limited to:
•Ballot stubs,
•Ballot transport envelopes,
•Counted questioned, early, and
absentee by mail ballots,
•Destroyed and unused ballots and
•Official election ballots.
City Clerk 30 days after
election is
certified
LGM #300.1
8.1
CLK2600 Elections – Rejected
Ballots
Includes ballots rejected for counting by the
canvass board.
City Clerk C + 1 year KMC 6.05.280 C = Until election is certified.
CLK3000 Annexation/Consolidation Petition and supporting files City Clerk Permanent LGM #300.1
2.9
5 year retention if fail;
permanent if passed
CLK4000 Records Management –
Permanent
Adopted retention schedules and destruction
documentation
City Clerk Permanent LGM #300.1
1.1, 1.16
CLK4100 Records Management –
General
Completed inventories, record storage forms,
and training materials
City Clerk Act + 6 years LGM #300.1
1.32
CLK4200 Public Records Requests Public records request forms and related
material produced with response
City Clerk 1 year LGM #300.1
1.14
CLK5000 Cemetery/Memorial Park
Records
Includes:
•Diagrams,
•Maps and indices of burial plots,
•Record of plot sales, and
•Burial permits.
City Clerk Permanent LGM #300.1
2.12
CLK6000 Licenses and Permits
-Business License
Including but not limited to:
•Applications,
•Correspondence,
•Supporting documentation,
•Alcohol Beverage Control Board
Applications, and
•Marijuana Control Board Applications.
C + 3 years LGM #300.1
14.1
C = Until license or permit
expires.
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Page 116
KMC 6.30.050, Absentee voting—By mail Attachment B
The following information is the current section of KMC 6.30.050 -Absentee Voting - By Mail which is
proposed to be repealed in the attached ordinance. The notes to the right indicate where or how these
sections were or were not incorporated into the proposed reenactment of KMC 6.30.050 Absentee Voting
By-Mail or Electronic Transmission. (shown in Section 9 of the ordinance)
6.30.050 Absentee voting—By mail.
(a) A qualified voter may apply for an absentee ballot by mail if postmarked not earlier than the first
of the year in which the election is to be held nor less than seven (7) days before an election. A voter
may request their name be placed on permanent absentee by mail status. The application shall
include the address to which the absentee ballot is to be returned, the applicant’s full Alaska
residence address, a voter identifier such as a voter number, social security number or date of birth,
and the applicant’s signature.
(b)After receipt of an application for an absentee ballot by mail, the Clerk shall send the absentee
ballot and other absentee voting material to the applicant by first class mail. The materials shall be
sent as soon as they are ready for distribution. The postage paid return envelope sent with the
materials shall be addressed to the Clerk.
(c) Upon receipt of an absentee ballot by mail, the voter may proceed to mark the ballot in secret,
to place the ballot in the small envelope, to place the small envelope in the larger envelope, and to
sign the voter’s certificate on the back of the larger envelope in the presence of an official who shall
sign as attesting official and shall date their signature. Officials recognized to attest to the veracity of
signatures listed in this subsection are: a notary public, a commissioned officer of the armed forces,
including the National Guard, State court judge, State court clerk, United States postal official, or
other person qualified to administer oaths. If none of the officials listed in this subsection are
reasonably accessible, an absentee voter shall have the ballot witnessed by one (1) United States
citizen who is eighteen (18) years of age or older. A self-certification of the witness’s qualifications
may be accepted.
(d)An absentee ballot must be marked and attested on or before the date of the election. If the
voter returns the ballot by mail, they shall use the most expeditious mail service and mail the ballot
not later than the day of the election to the Clerk. It must be postmarked on or before midnight of
election day and received by the Clerk no later than noon on the seventh day following the election.
Ballot envelopes received after that time shall not be opened but shall be marked “invalid,” with the
date of receipt noted thereon, and shall be preserved with other ballots of the election.
(e)The Clerk shall, as soon as practicable, make a reasonable effort to contact each absentee by
mail voter, whose absentee ballot would be rejected under KMC 6.40.030, explain why the ballot
would be rejected, and provide a reasonable opportunity, until 5:00 p.m. on the sixth day after
election day, to cure the ballot.
(f) The Clerk may require a voter casting an absentee ballot by mail to provide proof of identification
or other information to aid in the establishment of their identity.
Commented [SS1]: First sentence is included in as two
paragraphs: (a)(1)
Second sentence was substantially modified as paragraph
(c). There is no permanent absentee mail status. A voter
may request an application be sent each year. The new
paragraph reflects the actual practice.
Third sentence was included in paragraphs (d) 1-6.
Commented [SS2]: This was included and expanded as
two paragraphs: (e)(1)
Commented [SS3]: This was included and expanded in
paragraphs: (g)(1)(8) and (g)(2)(3)(4)
Commented [SS4]: This was included and modified as
paragraphs: (h)(1)
Commented [SS5]: This was moved to another section
and modified. The new section is 6.30.055 Review of
Returned By-Mail or Electronic Transmission Affidavits.
Commented [SS6]: This was included as paragraph (i)
Page 117
KMC 6.30.050, Absentee voting—By mail Attachment B
(g) The Clerk shall maintain a record of the name of each voter to whom an absentee ballot is sent
by mail. The record must list the date on which the ballot is mailed and the date on which the ballot
is received by the Clerk and the dates on which the ballot was executed and postmarked.
Commented [SS7]: Included, substantially modified. KMC
6.30.110 requires a log of absentee voters. Instead of
repeating the requirements reference to KMC 6.30.110 was
included as paragraph (f)
Page 118
KMC 6.30.060, Absentee voting—By electronic transmission Attachment C
The following information is the current section of KMC 6.30.060 Absentee Voting - By Electronic
Transmission which is proposed to be repealed in its entirety. The notes to the right indicate where or
how these sections were or were not incorporated into the new proposed reenacted section KMC
6.30.050 Absentee Voting By-Mail or Electronic Transmission. (shown in Section 9 of the ordinance)
6.30.060 Absentee voting—By electronic transmission.
(a) A qualified voter may apply for an absentee ballot to be sent by electronic transmission. Such
request must be made not less than the day immediately preceding the election. Absentee ballots
will be electronically transmitted to the location designated in the application. If no location is
designated, and if the request is received no later than seven (7) days prior to the election, the ballot
will be mailed in the manner provided in KMC 6.30.050 for absentee ballots by mail. The Clerk will
provide reasonable conditions for electronically transmitting absentee ballots.
(b)A ballot electronically transmitted shall contain a copy of the ballot to be used at the election in
a form suitable for transmission. A photocopy of the computerized ballot card to be used by persons
voting in person at the polling place is acceptable.
(c)An absentee ballot that is completed and returned by the voter by electronic transmission must:
(1)Contain the following statement:
I understand that by using electronic transmission to return my marked ballot, I am
voluntarily waiving a portion of my right to a secret ballot to the extent necessary to
process my ballot, but expect that my vote will be held as confidential as possible.
followed by the voter’s signature and date of signature; and
(2)Be accompanied by a statement executed under oath as to the voter’s identity; the
statement under oath must be witnessed by one (1) United States citizen who is eighteen (18)
years of age or older. A self-certification of the witness’s qualifications may be accepted.
(d)The voter shall mark the ballot on or before the date of the election and may use a mail service
at least equal to first class and mail the ballot not later than the day of the election to the Clerk. The
ballot may not be counted unless it is received by noon on the seventh day after the election.
(e) A voter who returns the absentee ballot by electronic transmission must comply with the same
deadlines as for voting in person on or before the closing of the polls.
Commented [SS1]: First and Second sentence were
included in paragraphs (a)(2)
Third sentence was omitted. New paragraph (d)(4) is the
replacement for it and does not provide for mailing an
absentee voting packet if an electronic address was not
included.
Fourth sentence was omitted. New paragraph (e)(2)
provides direction on how the voting package is sent.
Commented [SS2]: This was included and substantially
expanded as paragraph (e)(2)
Commented [SS3]: This with the subparagraphs were
included as paragraph (h)(2)(iv)
Commented [SS4]: This was omitted. The new paragraph
that has a similar intent is (g)(2)(3)
Commented [SS5]: This was included and modified as
paragraph (h)(2)(iii)
Commented [SS6]: This was included and modified as
paragraph (h)(2)(ii)
Page 119
KMC 6.30.060, Absentee voting—By electronic transmission Attachment C
(f) When a completed absentee ballot is received by electronic transmission, the Clerk will note the
date of receipt on the absentee ballot application log and, if the ballot is received on election day, the
time of receipt. The Clerk will then:
(1)Remove the ballot portion of the transmission from the portion that identifies the voter;
(2)Place the ballot portion in a secrecy sleeve;
(3)Seal the secrecy sleeve in an outer envelope of the type used for absentee ballots returned
by mail, and seal that envelope;
(4)Attach the voter identification portion to the outer envelope; and
(5)Forward the outer sealed envelope to the Canvassing Board for review.
(g)The Clerk shall, as soon as practicable, make a reasonable effort to contact each absentee by
electronic transmission voter, whose absentee ballot would be rejected under KMC 6.40.030, explain
why the ballot would be rejected, and provide a reasonable opportunity, until 5:00 p.m. on the sixth
day after election day, to cure the ballot.
(h) An electronically transmitted ballot shall be counted in the same manner as other absentee
ballots, even though this procedure may reveal to one (1) or more election officials the manner in
which a particular absentee voter cast his or her ballot. However, it shall be unlawful to display a
telefax ballot in a manner revealing the way in which a particular voter cast his or her ballot to any
person other than the Clerk, a member of the Clerk’s staff, an election official in the course of his or
her duties, or an attorney advising the Clerk on legal questions concerning the ballot.
Commented [SS7]: This was relocated and modified to
the new section 6.30.055 Review of Returned By-Mail or
Electronic Transmission Affidavits, as paragraphs (b)(1)
Commented [SS8]: This was relocated to the new
6.30.055 as modified paragraph (e) to include the
subparagraphs.
Commented [SS9]: This was relocated to the new
6.30.055 as paragraph (b)
Page 120
MEMORANDUM
TO: Mayor Gabriel and Council Members
FROM: Terry Eubank, City Manager
DATE: February 1, 2024
SUBJECT: Action / Approval – Steelhead Drilling Platform Model
The Kenai Chamber of Commerce and Visitor Center, Inc (KCCVC) has been working with the
Kenaitze Indian Tribe to update exhibits included in the Kenai Visitor and Cultural Center’s
Cultural Exhibition Area, which houses the City’s permanent collection of natural history objects,
archeological material, native artifacts, and contemporary art. As part of that project, the KCCVC
has requested relocation of the Steelhead Drilling Platform Model, which was donated to the City
by Marathon Oil Company in 1990 and relocated from the Kenai Municipal Airport to the Visitor
Center prior to the start of the Airport Terminal Building Rehabilitation Project.
The KCCVC pursued several suitable relocation sites and requested the Model be relocated and
displayed at the Nutrien facility pursuant to the attached Agreement. The Agreement was
reviewed by the City Attorney, and Administration supports the KCCVC’s request to relocate the
Model.
Suggested Motion:
Council’s support is respectfully requested.
Attachment
I move that the City Manager is authorized to enter into an agreement between the City of
Kenai and Nutrien US, LLC to loan to Nutrien a model of the Steelhead drilling platform owned
by the City for display at Nutrien’s local facility.
Page 121
Model Steelhead Platform Agreement Page 1 of 2
MODEL STEELHEAD PLATFORM LOAN AGREEMENT
BETWEEN THE CITY OF KENAI AND NUTRIEN US LLC
WHEREAS, City of Kenai, a Home Rule Municipal Corporation, (hereinafter “City”) whose
address is 210 Fidalgo Avenue, Kenai, Alaska 99611, desires to loan to Nutrien
US LLC, (hereinafter “Nutrien”) whose local address is 47769 Kenai Spur Hwy,
Kenai, AK 99611, a model of the Steelhead drilling platform, owned by the City,
for display at Nutrien’s local facility; and,
THEREFORE, for good and valuable consideration, including the covenants, terms and
conditions in this Agreement, City and Owner agree as follows:
1. By signing this Agreement, the City affirms and verifies that it has legal possession and
control of the Model Steelhead Platform (hereinafter “Model”) and authority to execute
this agreement.
2. City and Nutrien agree that Nutrien will transport and display the Model at its local
facility.
3. City and Nutrien agree that the value of the Model for purposes of Nutrien maintaining
insurance on the Model is $10,000.
4. Nutrien shall maintain insurance on the Model for the above agreed upon value or
reimburse the City not less than $10,000 in the event of damage or destruction..
5. Nutrien will exhibit the Model in an area of its facility that meets its business and
operational needs, taking into consideration protection of the Model related to weather,
heat and natural light.
6. Nutrien will arrange and provide for transportation of the Model from the Kenai
Visitor’s to it location at 47769 Kenia Spur Hwy at its sole cost and will be responsible
for any damage that occurs during transport.
7. The Term of this Agreement is for ten years, beginning on the date of execution.
8. Upon termination of the term of this Agreement, Nutrien and the City agree to work
cooperatively to relocate the Model or extend this agreement mutually in writing.
9. This Agreement may be cancelled or amended by mutual agreement of the City and
Nutrien in writing.
THE CITY OF KENAI,
Terry Eubank, City Manager Date
Page 122
Model Steelhead Platform Agreement Page 2 of 2
ACKNOWLEDGEMENT
STATE OF ALASKA )
) ss.
THIRD JUDICIAL DISTRICT )
The foregoing instrument was acknowledged before me this ____ day of ___________, 2024,
by Terry Eubank, City Manager of the City of Kenai, a municipal corporation, for and on behalf
of the corporation.
Notary Public for Alaska.
My Commission Expires:
ATTEST:
____________________________
Michelle Saner, City Clerk
SEAL:
Nutrien US, LLC
Fred Werth, Its: Kenai Manager Date
ACKNOWLEDGEMENT
STATE OF ALASKA )
) ss.
THIRD JUDICIAL DISTRICT )
The foregoing instrument was acknowledged before me this ____ day of ___________, 2024,
by Fred Werth, Kenai Manager.
Notary Public for State of Alaska.
My Commission Expires:
APPROVED AS TO FORM:
____________________________
Scott Bloom, City Attorney
Page 123
KENAI COUNCIL ON AGING – REGULAR MEETING
JANUARY 1 6, 2024 – 6:00 P.M.
KENAI SENIOR CENTER
361 SENIOR CT., KENAI, AK 99611
Council on Aging Meeting Page 1 of 3
January 16, 2024
ACTION MINUTES
A. CALL TO ORDER
A Regular Meeting of the Council on Aging was held on January 16, 2024, at the Kenai Senior Center,
Kenai, AK. Chair Craig called the meeting to order at approximately 4:00 p.m.
1. Pledge of Allegiance
Chair Craig led those assembled in the Pledge of Allegiance.
2. Roll Call
There were present:
Rachael Craig Kit Hill
Velda Geller Kenneth Ayers
Frances Kilfoyle Barbara Modigh
Jim Glendening
A quorum was present.
Absent:
Roy Williams
Also in attendance were:
Kathy Romain, Senior Center Director
Red Piersee, Senior Center Administrative Assistant
Henry Knackstedt, City Council Member
3. Election of Chair and Vice Chair
MOTION:
Member Geller MOVED to appoint Ken Ayers as Chair. Member Hill SECONDED the motion.
VOTE: There being no objection; SO ORDERED.
MOTION:
Member Glendening MOVED to appoint Rachael Craig as Vice Chair. Chair Ayers SECONDED the
motion.
VOTE: There being no objection; SO ORDERED.
4. Agenda Approval
MOTION:
Vice Chair Craig MOVED to approve the agenda as presented. Member Glendening SECONDED the
motion.
VOTE: There being no objection; SO ORDERED.
B. SCHEDULED PUBLIC COMMENTS - None.
Page 124
Council on Aging Meeting Page 2 of 3
January 16, 2024
C. UNSCHEDULED PUBLIC COMMENTS - None.
D. APPROVAL OF ACTION MINUTES
1. December 14, 2023
MOTION:
Member Geller MOVED to approve the December 14, 2023 Council on Aging minutes. Member Hill
SECONDED the motion.
VOTE: There being no objection; SO ORDERED.
E. UNFINISHED BUSINESS – None.
F. NEW BUSINESS
1. Discussion/Recommendation - Recommendations as Discussed During the Council on Aging
Review Work Session Held Immediately Prior.
Chair Ayers stated that during the prior work session, the documents presented in the packet were
reviewed and the members were given the opportunity to provide input and discuss concerns; it was
noted that this feedback would be taken into consideration by Administration when drafting changes to
bring back to the Council on Aging at their next meeting for recommendation to the City Council.
G. REPORTS
1. Senior Center Director – Director Romain reported on the following:
• Bill Sadler had applied to become a member of the Council on Aging.
• After last December’s work session, the Senior Center was in need of new goals applying to
budget goals of FY25 and proposed a work session prior to next month’s regular Council on
Aging session for input and feedback.
• Reported on the positive feedback after submitting the quarterly report to the Kenai
Peninsula Borough grant.
• Invited members of COA to the Volunteer Appreciation Dinner to be held at the Center on
January 26, 2024.
2. Commission Chair – No report.
3. City Council Liaison – Council Member Knackstedt reported on the actions of the January 3, 2024
City Council Meeting; noted upcoming Council work sessions; bluff erosion project update;
Wildfire mitigation at the airport; re-platting by Bingo hall, and approval of new police trucks.
H. ADDITIONAL PUBLIC COMMENTS – None.
I. NEXT MEETING ATTENDANCE NOTIFICATION – February 8, 2024
J. COMMISSION QUESTIONS AND COMMENTS
Member Glendening noted he was thankful to be able to be a part of the Council on Aging; recently
utilized the Meals on Wheels program and was very happy with the services he received.
Member Geller noted the upcoming Meals on Wheels function occurring in April; reported she would be
contacting members for donations to this year’s function.
Page 125
Council on Aging Meeting Page 3 of 3
January 16, 2024
K. ADJOURNMENT
L. INFORMATIONAL ITEMS – None.
There being no further business before the Council on Aging, the meeting was adjourned at 4:30 p.m.
I certify the above represents accurate minutes of the Council on Aging meeting of January 16, 2024.
___________________________________
Meghan Thibodeau
Deputy City Clerk
Page 126
KENAI AIRPORT COMMISSION – REGULAR MEETING
JANUARY 11, 2024 – 6:00 P.M.
KENAI CITY COUNCIL CHAMBERS
210 FIDALGO AVE., KENAI, AK 99611
CHAIR GLENDA FEEKEN, PRESIDING
Airport Commission Meeting Page 1 of 3
January 11, 2024
ACTION MINUTES
A. CALL TO ORDER
A Regular Meeting of the Airport Commission was held on January 11, 2024, in the Kenai City Council
Chambers, Kenai, AK. Chair Feeken called the meeting to order at 6:13 p.m.
1. Pledge of Allegiance
Chair Feeken led those assembled in the Pledge of Allegiance.
2. Roll Call
There were present:
Glenda Feeken, Chair Paul Minelga, Vice Chair
James Bielefeld Jacob Caldwell
Joshua Daily James Zirul
A quorum was present.
Absent:
Dan Pitts
Also in attendance were:
Derek Ables, Airport Manager
Sarah Conley, Airport Administrative Assistant
Dave Swarner, Finance Director
Henry Knackstedt, City Council Liaison
3. Election of Chair and Vice Chair
MOTION:
Commissioner Bielefeld MOVED to re-appoint Glenda Feeken as Chair. Commissioner Daily
SECONDED the motion.
VOTE: There being no objection; SO ORDERED.
MOTION:
Commissioner Zirul MOVED to re-appoint Paul Minelga as Vice Chair. Commissioner Daily SECONDED
the motion.
VOTE: There being no objection; SO ORDERED.
4. Agenda Approval
Chair Feeken noted the following additions to the Packet:
Add Item F.4
Discussion/Recommendation – Recommending City Council Enactment
of Ordinance No. 3390-2024 - Increasing Estimated Revenues and
Appropriations in the Airport Fund to Purchase Air Service Development
Professional Services at the Kenai Municipal Airport for Costs in Excess of
Budgeted Amounts.
Page 127
Airport Commission Meeting Page 2 of 3
January 11, 2024
MOTION:
Commissioner Caldwell MOVED to approve the agenda with the requested laydown. Commissioner
Daily SECONDED the motion.
VOTE: There being no objection; SO ORDERED.
B. SCHEDULED PUBLIC COMMENTS - None.
C. UNSCHEDULED PUBLIC COMMENTS - None.
D. APPROVAL OF ACTION MINUTES
1. December 14, 2023
MOTION:
Commissioner Daily MOVED to approve the December 14, 2023 Airport Commission action minutes.
Commissioner Zirul SECONDED the motion.
VOTE: There being no objection; SO ORDERED.
E. UNFINISHED BUSINESS – None.
F. NEW BUSINESS
1. Discussion/Recommendation - Recommendations as Discussed During the Commission
Review Work Session Held Immediately Prior.
Commissioner Caldwell stated that during the prior work session, the documents presented in the packet
were reviewed and the Commission was given the opportunity to provide input and discuss concerns; it
was noted that this feedback would be taken into consideration by Administration when drafting changes
to bring back to the Commission at their next meeting for recommendation to Council.
2. Discussion - Schedule a Tour of the Alaska Regional Fire Training Center.
The Alaska Regional Fire Training Center Tour work session was scheduled for Saturday, January 27,
2024 at 12:00 p.m.
3. Discussion/Recommendation - First Amendment to Agreement with Tim’s Janitorial for
Janitorial Services at the Alaska Regional Fire Training Center.
MOTION:
Commissioner Bielefeld MOVED to recommend City Council approval of First Amendment to Agreement
with Tim’s Janitorial for Janitorial Services at the Alaska Regional Fire Training Center. Commissioner
Caldwell SECONDED the motion.
Airport Manager Ables gave a staff report from information provided in the packet, and noted that the
agreement will be month-to-month due to anticipation of using City of Kenai janitorial services in the
future.
UNANIMOUS CONSENT was requested on the motion.
VOTE: There being no objection; SO ORDERED.
4. Discussion/Recommendation – Recommending City Council Enactment of Ordinance No.
3390-2024 - Increasing Estimated Revenues and Appropriations in the Airport Fund to Purchase
Air Service Development Professional Services at the Kenai Municipal Airport for Costs in Excess
of Budgeted Amounts.
Page 128
Airport Commission Meeting Page 3 of 3
January 11, 2024
MOTION:
Commissioner Bielefeld MOVED to recommend City Council enactment of Ordinance No. 3390-2024.
Commissioner Zirul SECONDED the motion.
Airport Manager Ables gave a staff report from information provided in the laydown. City Manager Eubank
clarified that this study would better represent Kenai Airport traveler data than the current FAA data.
Discussion ensued. Commissioners Feeken and Zirul spoke in support; Commissioners Bielefeld, Daily
and Caldwell spoke in opposition.
VOTE:
YEA: Feeken, Minelga, Zirul
NAY: Bielefeld, Daily
ABSTAIN: Caldwell
ABSENT: Pitts
MOTION PASSED.
G. REPORTS
1. Airport Manager – Airport Manager Ables reported on the following:
• Turnout at the Airport meet & greet event was good.
• The Airport Security Plan was updated to reflect personnel changes.
• Disadvantaged Business Enterprise goals have been updated.
• Airport Manager and Assistant completed their Airport Security Plan training and were
added to the Transportation Vetting Portal.
• Avis won the 6th annual Christmas tree contest.
2. Finance Director – Finance Director Swarner introduced himself and noted he was available for
questions.
3. Commission Chair – No report.
4. City Council Liaison – Council Member Knackstedt reported on the actions of the December 20,
2023 and January 3, 2024 City Council Meetings.
H. ADDITIONAL PUBLIC COMMENTS – None.
I. NEXT MEETING ATTENDANCE NOTIFICATION – February 8, 2024
J. COMMISSION QUESTIONS AND COMMENTS
K. ADJOURNMENT
L. INFORMATIONAL ITEMS
1. Admin Assistant Report: Vehicle Parking Revenue, Air Traffic Control Tower Counts, Air Carrier
Enplanements
There being no further business before the Airport Commission, the meeting was adjourned at 7:09 p.m.
I certify the above represents accurate minutes of the Airport Commission meeting of January 11, 2024.
___________________________________
Meghan Thibodeau, Deputy City Clerk
Page 129
KENAI PLANNING & ZONING COMMISSION
REGULAR MEETING
JANUARY 24, 2024 – 7:00 P.M.
KENAI CITY COUNCIL CHAMBERS
210 FIDALGO AVE., KENAI, AK 99611
Planning & Zoning Commission Meeting Page 1 of 4
January 24, 2024
MINUTES
A. CALL TO ORDER
A Regular Meeting of the Kenai Planning & Zoning Commission was held on January 24, 2024, in City
Hall Council Chambers, Kenai, AK. Chair Twait called the meeting to order at approximately 7:00 p.m.
1. Pledge of Allegiance
Chair Twait led those assembled in the Pledge of Allegiance.
2. Roll Call
There were present:
Jeff Twait Joe Halstead
Glenese Pettey Sonja Barbaza
John Coston Diane Fikes
Gwen Woodard
A quorum was present.
Also in attendance were:
Linda Mitchell, Planning Director
Alex Douthit, City Council Liaison
Meghan Thibodeau, Deputy City Clerk
3. Election of Chair and Vice Chair
MOTION:
Commissioner Fikes MOVED to nominate Joe Halstead as Chair.
MOTION:
Commissioner Pettey MOVED to nominate Jeff Twait as Chair.
Commissioner Twait declined the nomination; the motion to nominate him as Chair was withdrawn.
VOTE ON APPOINTMENT OF JOE HALSTEAD AS CHAIR:
There being no objection; SO ORDERED.
MOTION:
Commissioner Woodard MOVED to nominate John Coston as Vice Chair.
VOTE ON APPOINTMENT OF JOHN COSTON AS VICE CHAIR:
There being no objection; SO ORDERED.
4. Approval of Agenda and Consent Agenda
MOTION:
Commissioner Pettey MOVED to approve the agenda and consent agenda. Commissioner Woodard
SECONDED the motion.
The items on the Consent Agenda were read into the record.
Page 130
Planning & Zoning Commission Meeting Page 2 of 4
January 24, 2024
Chair Halstead opened the floor for public comment on consent agenda items; there being no one wishing
to be heard, the public comment period was closed.
UNANIMOUS CONSENT was requested.
There being no objection; SO ORDERED.
*All items listed with an asterisk (*) are considered to be routine and non-controversial by the Commission
and will be approved by one motion. There will be no separate discussion of these items unless a
Commission Member so requests, in which case the item will be removed from the Consent Agenda and
considered in its normal sequence on the agenda as part of the General Orders.
B. APPROVAL OF MINUTES
1. *Regular Meeting of December 27, 2023
Approved by the consent agenda.
C. SCHEDULED PUBLIC COMMENTS - None.
D. UNSCHEDULED PUBLIC COMMENTS - None.
E. CONSIDERATION OF PLATS
1. Resolution No. PZ2024-01 – Recommending Approval for Preliminary Plat – 5 D
Subdivision for a Replat of Government Lot 170 in the General Commercial (CG) Zoning
District.
MOTION:
Commissioner Twait MOVED to approve Resolution PZ2024-01. Commissioner Woodard SECONDED
the motion.
Planning Director Mitchell presented her staff report with information provided in the packet, and
explained that the applicant requested to replat the 1.25-acre lot into five lots. Zoning and uses of lots
were reviewed; staff recommended approval subject to the following condition:
1. Revised the preliminary plat to subdivide Government Lot 170 into four (4) lots with dimensions
equal to or greater than the minimum lot width and depth requirements outlined in KMC Section
14.10.070.
[Clerk’s Note: Commissioner Barbaza joined the meeting at 7:10 p.m.]
Chair Halstead opened for public testimony.
Jason Young, the surveyor working on the project, noted that the owners agreed to the four-lot subdivision
instead of five, and the plat will be revised after the decision is made.
There being no one else wishing to be heard, the public comment period was closed.
Discussion ensued.
VOTE:
YEA: Twait, Halstead, Pettey, Barbaza, Woodard, Coston, Fikes
NAY: None
MOTION PASSED UNANIMOUSLY.
2. Resolution No. PZ2024-02 – Recommending Approval for Preliminary Plat – Cinderella
Subdivision Glover Replat for a Parcel Merger of Lot 1A, Enchanted Forest 2011 Replat
and Lot 6, Cinderella Subdivision in the Rural Residential 1 (RR-1) Zoning District.
Page 131
Planning & Zoning Commission Meeting Page 3 of 4
January 24, 2024
MOTION:
Vice Chair Coston MOVED to approve Resolution PZ2024-02. Commissioner Woodard SECONDED the
motion.
Planning Director Mitchell presented her staff report with information provided in the packet, and
explained that the applicant requested to merge two parcels. Zoning and uses of lots were reviewed; staff
recommended approval subject to the following conditions:
1. Remove the building setbacks on the preliminary plat as all development will be subject to the
setback requirements of the zoning district.
2. Remove Note 1 from the preliminary plat.
3. Add a note that states the following, “When an improvement district is formed, the real property
involved will be part of the improvement district without further action by the then owner of the
property in question”.
Chair Halstead opened for public testimony. There being no one wishing to be heard, the public comment
period was closed.
Discussion ensued.
VOTE:
YEA: Pettey, Woodard, Barbaza, Coston, Fikes, Twait, Halstead
NAY: None
MOTION PASSED UNANIMOUSLY.
F. PUBLIC HEARINGS – None.
G. UNFINISHED BUSINESS – None.
H. NEW BUSINESS – None.
I. REPORTS
1. City Council – Council Member Douthit reported on the actions of the January 18, 2024 City
Council Joint Work Session with Kenaitze Indian Tribe and January 17, 2024 City Council
Regular Meeting.
2. Kenai Peninsula Borough Planning – Commissioner Fikes reported on the actions of the
January 22, 2024 Kenai Peninsula Borough Planning Commission Meeting.
3. City Administration – Planning Director Mitchell reported on the following:
• Welcomed new commissioners Glenese Pettey and Sonja Barbaza.
• Thanked commissioners who attended the Joint Work Session on the Capital
Improvement Plan.
• Noted the Commission Survey results in the laydown; explained there would not be a
work session to discuss them because Planning & Zoning has clear duties and roles
outlined in code, but they can request that the Clerk review them.
• Recruitment for the full-time Planning Technician position is ongoing.
• City Building Official has resigned.
• New code-enforcement software to be implemented by next summer; will assist Planning
staff in streamlining tasks and communication.
• Joint Planning & Zoning and Harbor Commission Work Session on February 12, 2024 to
discuss waterfront rezoning.
• Storefront Improvement Grant Program application period will be open with a month.
Page 132
Planning & Zoning Commission Meeting Page 4 of 4
January 24, 2024
J. ADDITIONAL PUBLIC COMMENT – None.
K. NEXT MEETING ATTENDANCE NOTIFICATION
1. Next Meeting: February 14, 2024
Commissioner Twait noted that he might be absent or participate remotely.
L. COMMISSION COMMENTS AND QUESTIONS
Vice Chair Coston congratulated Halstead on the appointment of Chair.
Commissioner Twait congratulated Chair Halstead, Vice Chair Coston and new commissioners Pettey
and Barbaza.
Commissioner Pettey noted it is an honor to serve on the commission, and congratulated Chair Halstead,
Vice Chair Coston and new commissioner Barbaza.
Commissioner Fikes welcomed said congratulations and welcome to new commissioners; thanked staff
for Commission Survey results in laydown.
Chair Halstead thanked the Commission for his appointment.
M. PENDING ITEMS – None.
N. ADJOURNMENT
O. INFORMATIONAL ITEMS – None.
There being no further business before the Planning & Zoning Commission, the meeting was adjourned
at 7:46 p.m.
I certify the above represents accurate minutes of the Planning & Zoning Commission meeting of January
24, 2024.
___________________________________
Meghan Thibodeau
Deputy City Clerk
Page 133
KENAI BEAUTIFICATION COMMITTEE – REGULAR MEETING
JANUARY 9, 2024 – 6:00 P.M.
KENAI CITY COUNCIL CHAMBERS
210 FIDALGO AVE., KENAI, AK 99611
CHAIR SARAH DOUTHIT, PRESIDING
Beautification Committee Meeting Page 1 of 3
January 9, 2024
ACTION MINUTES
A. CALL TO ORDER
A Regular Meeting of the Beautification Committee was held on January 9, 2024, in the Kenai City Council
Chambers, Kenai, AK. Chair Douthit called the meeting to order at approximately 6:35 p.m.
1. Pledge of Allegiance
Chair Douthit led those assembled in the Pledge of Allegiance.
2. Roll Call
There were present:
Sarah Douthit, Chair Terri Wilson
Christina Warner Brittney Hoffert
A quorum was present.
Absent:
Emily Heale Sonja Barbaza
Also in attendance were:
Tyler Best, Parks & Recreation Director
Phil Daniel, City Council Liaison
3. Election of Chair and Vice Chair
MOTION:
Committee Member Warner MOVED to re-appoint Sarah Douthit as Chair. Committee Member Hoffert
SECONDED the motion.
VOTE:
YEA: Douthit, Wilson, Warner, Hoffert
NAY: None
ABSENT: Heale, Barbaza
MOTION PASSED WITHOUT OBJECTION.
MOTION:
Chair Douthit MOVED to appoint Christina Warner as Vice Chair. Committee Member Hoffert
SECONDED the motion.
VOTE: There being no objection; SO ORDERED.
4. Agenda Approval
MOTION:
Chair Douthit MOVED to approve the agenda as presented. Vice Chair Warner SECONDED the motion.
VOTE: There being no objection; SO ORDERED.
Page 134
Beautification Committee Meeting Page 2 of 3
January 9, 2024
B. SCHEDULED PUBLIC COMMENTS - None.
C. UNSCHEDULED PUBLIC COMMENTS - None.
D. APPROVAL OF ACTION MINUTES
1. September 12, 2023
2. November 14, 2023
MOTION:
Vice Chair Warner MOVED to approve the September 12 and November 14, 2023 Beautification
Committee minutes. Committee Member Hoffert SECONDED the motion.
VOTE: There being no objection; SO ORDERED.
E. UNFINISHED BUSINESS – None.
F. NEW BUSINESS
1. Discussion/Recommendation – Recommendations as Discussed During the Committee
Review Work Session Held Immediately Prior.
Chair Douthit stated that during the prior work session, the documents presented in the packet were
reviewed and the Commission was given the opportunity to provide input and discuss concerns; it was
noted that this feedback would be taken into consideration by Administration when drafting changes to
bring back to the Commission at their next meeting for recommendation to Council.
G. REPORTS
1. Parks & Recreation Director – Director Best reported on the activities of the Parks & Recreation
Department during the month of November, including hanging Christmas lights, ski trail grooming,
and plowing of walking trails and Daubenspeck Pond.
2. Commission Chair – Chair Douthit inquired about the status of the flower order for plant day on
the first Saturday in June, and noted the community clean up day on May 11th.
3. City Council Liaison – Council Member Daniel reported on the actions of the January 3, 2024 City
Council Meeting.
H. ADDITIONAL PUBLIC COMMENTS – None.
I. NEXT MEETING ATTENDANCE NOTIFICATION – Special Meeting, February 6, 2024
J. COMMISSION QUESTIONS AND COMMENTS
Committee Member Wilson asked about the previous work session.
Committee Member Hoffert noted she is excited to be a part of the Committee
Vice Chair Warner noted she is looking forward to where the Committee is going.
K. ADJOURNMENT
L. INFORMATIONAL ITEMS – None.
Page 135
Beautification Committee Meeting Page 3 of 3
January 9, 2024
There being no further business before the Beautification Committee, the meeting was adjourned at 7:03
p.m.
I certify the above represents accurate minutes of the Beautification Committee meeting of January 9,
2024.
___________________________________
Meghan Thibodeau
Deputy City Clerk
Page 136
MEMORANDUM
TO: Mayor Gabriel and Council Members
FROM: Terry Eubank, City Manager
DATE: January 29, 2024
SUBJECT: December 2023 Quarterly Investment Report
City of Kenai Investment Portfolio
At December 31, 2023 the City had investments with a market value of $34,021,865. That is down
from $35,161,256 at September 30, 2023. The City’s portfolio is yielding 4.18% that is up from
4.03% at September 30, 2023. There was no change to the Federal Fund Rate during the quarter
with the rate staying at 5.50%-5.25%. Fair market value adjustments to the portfolio through
December 31, 2023 are a negative $597,066. As of June 30, 2023, the portfolios fair market
value adjustment was a negative $983,755. Rates are projected to decrease further decreasing
the negative fair market value adjustment but lower yield for the portfolio will also occur.
City’s Investment Portfolio
US Agency Securities $18,740,870
AML Investment Pool 3,799,207
Wells Fargo Money Market 9,062,567
FDIC Insured Certificates of Deposit 1,910,762
Bank Balance 508,459
Total $ 34,021,865
Permanent Fund Investments
Fourth quarter 2023 saw recovery in the equity markets. 2023 was a good year in equity markets
with the annual return of the portfolio at 12.78%. Returns for the fourth quarter of 2023 were
8.94%. Since inception the portfolio has returned 7.33%. As of December 31, 2023, the portfolio
value was $34,140,378, comprised of $28,316,544, 82.94% Airport Land Sale Permanent Fund,
$3,654,494, 10.71% General Land Sale Permanent Fund monies, $1,205,415, 3.53% Kenai
Senior Connection monies, $769,679, 2.25% Kenai Senior Center Cone Memorial Trust monies,
and $194,246, 0.57% Kenai Community Foundation holdings.
With the Airport Land Sale Permanent Fund’s year ending balance of $28,316,544, the current
spending policy is designed to acknowledge the goal of preserving purchasing power (inflation
proofing) while allowing for annual transfers to support the Kenai Municipal Airport by adjusting
the spending rate based upon the level of principal preservation (3.8% - 4.2%). At 2023 calendar
year end, the 5 year-average market value of the portfolio, $28,042,585 was below the inflation
adjusted principal, $31,302,494, thus the allowable transfer is limited to the lower bound of the
Page 137
Page 2 of 2
spending rate (3.8%). The FY2024 allowable transfer based upon this calculation is $1,065,518.
The FY2024 budgeted amount for this transfer was $1,053,635 resulting in a transfer, $11,983
more than budgeted. An Ordinance will be prepared for introduction on February 21, 2024 to
appropriate the additional transfer amount.
The General Land Sale Permanent Fund’s year ending balance was $3,654,494. The current
spending policy is designed to allow for annual transfers to the General Fund, while
acknowledging the constraint on spending inflation adjusted principal (KMC Section 5-11). To
increase the likelihood of annual distributions, spending is limited to 4% annually and excess
earnings are reserved to supplement spending when portfolio earnings are less than the 4% limit
in any given year. In 2023, gains in the portfolio were significant enough to allow transfer from the
fund to the General Fund in FY2024.
The reserve balance on December 31, 2023 was $172,193 compared to the December 31, 2022
reserve deficit balance of $(119,987). The budgeted transfer for FY2024 was $138,209, $7,971
less than the allowable $146,180. An Ordinance will be prepared for introduction on February 21,
2024 to appropriate the additional transfer amount.
Page 138
CITY OF KENAI
INVESTMENT PORTFOLIO SUMMARY
December 31, 2023
Fair Market Current
Value Yield
Cash & Cash Equivalents
Wells Fargo Checking 508,459$ 0.01%
Wells Fargo Secured Money Market 9,062,567 5.36%
FDIC Insured Certificates of Deposit 1,910,762 2.89%
Alaska Municipal League Investment Pool 3,799,207 5.36%
Total Cash & Cash Equivalents 15,280,995 4.87%
Average
Yield
Government Securities
Maturities Less than 1 Year 9,292,497 3.86%
Maturities 1 to 2 Years 2,806,006 4.34%
Maturities Greater than 2 Years 6,642,367 2.99%
Total Government Securities 18,740,870 3.62%
Total Portfolio 34,021,865$ 4.18%
Investment Portfolio - Purchase Price 35,005,620$
Investment Portfolio - Fair Value 12/31/23 34,021,865
Fair Value Adjustment - 06/30/23 (983,755)
Fair Value Adjustment thru - 12/31/2023 386,689
Cummulative Change in Fair Value (597,066)$
December 31, 2023
$0
$4,000,000
$8,000,000
$12,000,000
$16,000,000
Liquidity 20%
Minimum
Maturity 1 - 2 years Maturity over 2 years
30% Maximum
Portfolio Liquidity
Policy Minimum/Maximum Actual
Page 139
CITY OF KENAI
Investments 12-31-23 COK
CITY OF KENAI
INVESTMENTS
12/31/2023
Current year cost or Unrealized
Expected Call 06/30/23 12/31/23 Gain Accrued EFFECT.
SECURITY or Maturity CUSIP original cost Market Value Market Value or Loss Interest RATE
FHLB 4.625 12/13/24 Bullet 3130ATUR6 2,542,787 2,477,825.00 2,494,550.00 16,725.00 5,781.25 4.625
FHLB 4.725 4/15/24 Bullet 3130AU6R0 1,001,925 992,630.00 998,370.00 5,740.00 9,975.00 4.725
FNMA 5.20 4/26/24 Quarterly W/10 Days 3135GAH87 1,000,000 995,320.00 998,670.00 3,350.00 9,388.89 5.200
FNA 2017-M1 A2 Bullet 3136AUG21 141,459.31 135,816.74 138,902.15 3,085.41 295.27 3.223
FHR 2011-3824 CL JY Mtge Bullet 3137A7SV3 203,715.91 191,062.57 194,930.82 3,868.25 659.07 3.045
FHMS K047 A1 Bullet 3137BKRH5 47,532 29,837.18 30,757.05 919.87 72.96 0.297
FHR 4543 VH Mtge Bullet 3137BMQ58 453,197.04 428,737.56 437,279.57 8,542.01 1,135.87 3.094
FHMS K053 A1 Bullet 3137BN6F6 211,049.61 174,977.51 178,780.62 3,803.11 387.19 0.383
FHMS K057 AM Bullet 3137BRQK4 1,201,808.86 1,153,749.35 1,175,608.85 21,859.50 2,700.53 3.357
FHMS K064 A2 Bullet 3137BXQY1 1,009,373.33 950,030.00 965,400.00 15,370.00 2,686.67 3.010
FHMS KMP1 A1 Bullet 3137FATD0 102,009.79 85,988.46 88,483.78 2,495.32 167.25 0.302
FHMS K732 A2 Bullet 3137FG7F6 2,506,519.91 2,489,334.04 2,517,054.95 27,720.91 7,897.06 4.719
FN Am47124 Bullet 3138L74J2 814,017 716,096.63 727,641.61 11,544.98 1,988.90 0.759
FN AM7514 Bullet 3138L8K45 970,171 962,010.00 977,980.00 15,970.00 2,643.61 4.529
FN AN4476 Bullet 3138LG6N1 2,379,605.59 2,191,304.26 2,227,128.33 35,824.07 6,386.18 3.193
FHR 2935 AC Mtge Bullet 31395MQ28 14,025.59 6,959.46 7,087.61 128.15 29.80 0.487
FN BL4497 Bullet 3140HV7K4 966,114.42 879,364.08 895,670.25 16,306.17 2,183.04 2.137
FN BL5704 Bullet 3140HXKS8 476,061.45 451,256.11 461,160.51 9,904.40 1,078.97 3.158
G2 5122 Mtge Bullet 36202FVP8 168,420.19 143,979.77 146,286.21 2,306.44 434.63 0.874
GNR 2010-114 CL KB Bullet 38377KBE9 112,109.10 101,424.32 103,082.42 1,658.10 348.09 2.327
T0 7/5 01/31/24 Bullet 91282CDV0 725,928.99 730,635.00 747,345.00 16,710.00 2,746.26 3.150
T 2 1/4 3/31/24 Bullet 91282CEG2 745,378 732,450.00 744,405.00 11,955.00 4,287.91 3.160
T 2 1/2 4/30/24 Bullet 91282CEK3 747,064 732,097.50 743,145.00 11,047.50 3,193.68 3.160
T 3 7/31/24 Bullet 91282CFA4 748,311.20 730,987.50 741,150.00 10,162.50 9,415.76 3.170
TOTAL 19,288,584.14 18,483,873.04 18,740,869.73 256,996.69 75,883.84 2.753
3.860
FDIC Insured CD's CD - 12/31/10
3.4 GMATBK 8/4/25 57803 02007GXF5 245,114 235,312.70 239,220.45 3,907.75 3,423.29 3.400
1.75 SECSTB 12/18/24 8941 062163BN9 245,000 232,237.95 237,118.35 4,880.40 164.45 1.750
3.40 COF 8/10/27 33954 14042TJK4 245,000 227,862.25 237,880.30 10,018.05 3,286.36 3.400
1.75 CNBMIL 12/9/24 3814 17801GBW8 245,000 232,441.30 237,324.15 4,882.85 270.17 1.750
3.40 DFS 8/16/27 5649 254673Q41 245,000 227,805.90 233,786.35 5,980.45 3,149.42 3.400
1.85 LIVOAK 12/11/24 58665 538036HF4 245,000 232,737.75 237,517.70 4,779.95 384.95 1.850
2.80 SALLMA 4/17/24 58177 7954502H7 245,000 240,087.75 243,169.85 3,082.10 1,428.38 2.590
5.00 WAL 10/28/24 57512 95763PLV1 245,000 243,542.25 244,745.20 1,202.95 2,215.07 5.000
TOTAL FDIC Insured CD's 1,960,114.11 1,872,027.85 1,910,762.35 38,734.50 14,322.09 2.893
WELLS MONEY MKT 9,062,566.50 9,062,566.50 9,062,566.50 36,228.67 5.360
AML POOL - City ACCT Agreed to Amlip 3,799,207.05 3,799,207.05 3,799,207.05 13,513.33 5.360
Agreed to GL 34,110,471.80 33,217,674.44 33,513,405.63 295,731.19 139,947.93
WF Cash Agreed to WF 508,459.25 508,459.25 508,459.25 - - 0.010
TOTAL 34,618,931.05 33,726,133.69 34,021,864.88 295,731.19 139,947.93
MONTHS (597,066.17)
TOTAL CURRENT YIELD 4.1855%
Max/Min Return Actual Difference
Maturity over 2 years 30% Maximum 10,206,559.46 3.0164% 7,114,033 3,092,526.12 OK
Liquidity 20% Minimum 6,804,372.98 4.5233% 23,862,605 (17,058,232.52) OK
Maturity 1 - 2 years 4.2700% 3,045,226
4.1855% 34,021,865
Page 140
CITY OF KENAI
PERMANENT FUND
INVESTMENT PORTFOLIO SUMMARY
December 31, 2023
Current or Current
Average Portfolio Target Portfolio
30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 Yield Weight Weight Maximum
Cash
Cash & Cash Equivalents 1,119,889 1,354,864 793,407 913,140 948,884 1,308,042 5.31% 3.83% 3.00% 10.00%
Fixed Income
Investment Grade Government & Corporate Securities
Government Securities 5,818,997 5,861,565 6,340,844 6,612,561 6,319,451 6,940,375 4.36% 20.33%
Corporate Securities Investment Grade 1,938,710 1,895,021 1,934,718 1,976,261 1,769,098 1,885,811 5.15%5.52%
Total Investment Grade Government & Corporate
Securities 7,757,707 7,756,586 8,275,562 8,588,822 8,088,549 8,826,186 4.56% 25.85% 26.00% 36.00%
Domestic Fixed Income Exchange Traded Funds -
Vanguard Short-term TIPS - - 326,850 464,858 - - 0.00%
High Yield Domestic -
SPDR Portfolio High Yield Bonds 25,945 26,563 27,323 27,157 - - 0.00%
Vanguard Hi Yield Corporate Fund Admiral Shares 1,070,708 1,180,923 1,253,182 1,235,782 1,250,762 1,321,228 3.87%
Total High Yield Domestic 1,096,653 1,207,486 1,280,505 1,262,939 1,250,762 1,321,228 3.87%4.00%8.00%
Total Fixed Income 8,854,360 8,964,072 9,882,917 10,316,619 9,339,311 10,147,414 4.56% 29.72% 30.00% 44.00%
Equities:
Domestic Equities:
Large-Cap Index 6,166,612 6,616,990 7,135,090 7,270,411 6,921,490 7,359,149 21.56% 22.00% 32.00%
Small-Cap Index 1,342,552 1,457,267 1,509,958 1,552,414 1,595,049 1,826,236 5.35% 5.00% 10.00%
Mid-Cap Index 2,725,621 3,006,935 3,046,448 3,151,357 3,179,061 3,514,258 10.29%10.00%18.00%
Total Domestic Equities 10,234,785 11,081,192 11,691,496 11,974,182 11,695,600 12,699,643 37.20% 37.00% 60.00%
International Equities:
International Equity 2,019,501 2,348,427 2,566,238 2,564,393 2,506,111 2,739,781 8.03% 8.00% 16.00%
Emerging Markets 1,279,558 1,390,306 1,543,374 1,543,073 1,569,042 1,667,623 4.88%5.00%10.00%
Total International Equities 3,299,059 3,738,733 4,109,612 4,107,466 4,075,153 4,407,404 12.91%13.00% 26.00%
Real Estate:
JP Morgan Beta Builders MSCI Reit 485,048 505,104 591,337 581,769 626,986 729,274 2.14%
Total Real Estate 485,048 505,104 591,337 581,769 626,986 729,274 2.14% 2.00% 4.00%
Infrastructure -
Flexshares Stoxx Global Broad Infrastucture 1,312,464 1,448,683 1,577,254 1,573,411 1,546,153 1,707,934 5.00%5.00%10.00%
Total Equities 15,331,356 16,773,712 17,969,699 18,236,828 17,943,892 19,544,255 57.25%57.00%100.00%
Alternative Beta:
Blackrock Systematic Multi-Strategy 1,709,314 1,691,801 1,535,944 1,249,468 1,556,892 1,558,476 4.56%
IQ Hedge Multi-Strategy Tracker - - 479,219 577,240 781,321 815,055 2.39%
Core Alternative ETF 1,703,463 1,810,987 1,159,701 1,040,448 770,206 767,136 2.25%
Total Alternative Beta 3,412,777 3,502,788 3,174,864 2,867,156 3,108,419 3,140,667 9.20%10.00%15.00%
Total Portfolio 28,718,382 30,595,436 31,820,887 32,333,743 31,340,506 34,140,378 12.78%100.00%100.00%169.00%
Total ALSPF Balance 24,510,683 26,112,716 28,316,545 26,818,093 25,994,288 28,316,544
Total GLSPF Balance 3,042,450 3,241,306 3,654,495 3,461,107 3,354,787 3,654,494
Total Kenai Community Foundation 161,714 172,284 194,246 183,967 178,316 194,246
Total Kenai Senior Connection 1,003,535 1,069,127 1,205,415 1,141,627 1,106,558 1,205,415
Total Cone Memorial Trust Permanent Fund - - - 728,949 706,557 769,679
Fair Market Value
0.00%
25.00%
50.00%
Cash Fixed Income Large-Cap
Index
Small-Cap
Index
Mid-Cap Index International
Equity
Emerging
Markets
Real Estate: Infrastructure
-
Alternative
Beta:
Portfolio Composition
Current Portfolio Weight Target Portfolio Weight Maximum Portfolio Weight
Current Month Current Quarter Year to Date Last 1 Year Inception to Date
Portfolio 4.87% 8.94% 12.78% 12.78% 7.33%
Benchmark 4.77% 8.93% 13.51% 13.51% 7.46%
-5.00%
0.00%
5.00%
10.00%
15.00%Portfolio Performance
Page 141
$15,000,000
$17,000,000
$19,000,000
$21,000,000
$23,000,000
$25,000,000
$27,000,000
$29,000,000
$31,000,000
$33,000,000
Total ALSPF Balance
Transfer of $1,210,348 to
Airport Operations.
Transfer of $1,028,478 to
Airport Operations.
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
Total GLSPF Balance
$-
$50,000
$100,000
$150,000
$200,000
$250,000
Total Kenai Community Foundation Balance
Transfer of $1,203,690
to Airport Operations.
Transfer of $161,561 to
General Fund Operations.
$-
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
Total Kenai Senior Connection Balance
Initial investment.
Transfer of $137,239 to
General Fund Operations.
Transfer of $928,251 to
Airport Operations.
Transfer of $148,315 to
General Fund Operations.
Transfer of $1,012,722
to Airport Operations.
Transfer of $157,043 to
General Fund Operations.
Transfer of $1,025,736
to Airport Operations.
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
Total Cone Memorial Trust Permanent Fund
Initial investment.
Page 142
December 2023
CITY OF KENAI PERMANENT FUNDS
Investment Report
Page 143
BEGINNING VALUE
+ ACCRUED $32,565,149
TRANSFERS IN/
OUT -$473
REALIZED GAINS/
LOSSES $126
CHANGE IN
MARKET VALUE $1,316,047
INTEREST INCOME $102,085
DIVIDEND INCOME $168,547
ENDING VALUE +
ACCRUED $34,151,481
Investment Performance
Portfolio Composition
Performance is annualized for periods greater than one year. Inception to date performance begins October 01,
2008Past performance is not indicative of future results.
Portfolio Overview
2 | TRUSTED ADVISORS · MORE EXPERTS · BETTER ACCESS
CITY OF KENAI PERMANENT FUNDS | DECEMBER 2023
Page 144
3 | TRUSTED ADVISORS · MORE EXPERTS · BETTER ACCESS
CITY OF KENAI PERMANENT FUNDS | DECEMBER 2023
Portfolio Summary and Target
MARKET VALUE ($)ASSETS (%)TARGET (%)RANGE
RISK CONTROL
U.S. Fixed Income 8,835,722 25.9%26%6% to 36%
Cash 1,379,435 4.0%3%0% to 10%
Risk Control Total 10,215,157 29.9%
RISK ASSET
U.S. High Yield Fixed Income 1,314,620 3.8%4%0% to 8%
U.S. Large Cap Equity 7,327,077 21.5%22%12% to 32%
U.S. Mid Cap Equity 3,514,374 10.3%10%0% to 18%
U.S. Small Cap Equity 1,825,061 5.3%5%0% to 10%
Developed International Equity 2,737,196 8.0%8%4% to 16%
Emerging Market Equity 1,667,088 4.9%5%0% to 10%
Risk Asset Total 18,385,415 53.8%
ALTERNATIVES
REITs 728,568 2.1%2%0% to 4%
Alternative Beta 3,111,534 9.1%10%0% to 15%
Infrastructure 1,710,807 5.0%5%0% to 10%
Alternatives Total 5,550,909 16.3%
TOTAL PORTFOLIO 34,151,481 100.0%
We urge you compare the account statement we provide with the account statement you receive from your custodian. We cannot guarantee the accuracy of this information for tax purposes.
Please verify all information from trade confirmations.
Past performance is not indicative of future results.
Page 145
Standard Supplemental Reports
CITY OF KENAI PERMANENT FUNDS (350286)
Quarter End (Q4 Y2023)
10/01/2023 - 12/31/2023
Dated: 01/29/2024
Locked Down
Page 146
Portfolio Appraisal (CITY OF KENAI PERMANENT FUNDS (350286))1
Transaction Summary (CITY OF KENAI PERMANENT FUNDS (350286))12
Realized Gains and Losses (CITY OF KENAI PERMANENT FUNDS
(350286))
21
Cash Ledger (CITY OF KENAI PERMANENT FUNDS (350286))24
Table of Contents
Dated: 01/29/2024
Page 147
U.S. Fixed Income
Agency
U.S. Fixed Income
Corporate Bonds
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
50,000.00 FEDERAL FARM
CREDIT BANKS
FUNDING CORP
2.49%
05/19/2036
3133EMA44 78.94 39,469.50 50,000.00 50,000.00 79.06 39,673.25 145.25 0.1%4.74 1,245.00
45,000.00 FEDERAL HOME
LOAN BANKS
2.40%
02/17/2032
3130AQRW5 85.94 38,672.55 45,000.00 45,000.00 85.78 39,004.67 402.00 0.1%4.51 1,080.00
125,000.00 FEDERAL HOME
LOAN BANKS
0.60%
08/27/2025
3130AJZ36 99.90 124,875.00 125,000.00 125,000.00 93.79 117,501.33 258.33 0.3%4.52 750.00
125,000.00 FEDERAL HOME
LOAN BANKS
1.63%
03/12/2027
3130AJ4B2 104.27 130,335.00 125,000.00 125,000.00 92.69 116,471.64 615.02 0.3%4.08 2,031.25
45,000.00 FEDERAL FARM
CREDIT BANKS
FUNDING CORP
2.50%
04/14/2036
3133EMVU3 79.15 35,618.40 45,000.00 45,000.00 79.29 35,923.06 240.63 0.1%4.74 1,125.00
--- ---------368,970.45 390,000.00 390,000.00 ---348,573.95 1,661.23 1.0%4.41 6,231.25
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
70,000.00 NNN REIT INC
4.80%
10/15/2048
637417AM8 126.03 88,222.40 70,000.00 70,000.00 87.62 62,043.19 709.33 0.2%5.74 3,360.00
75,000.00 NUTRIEN LTD
3.95%
05/13/2050
67077MAX6 99.74 74,803.50 75,000.00 75,000.00 80.62 60,859.25 395.00 0.2%5.33 2,962.50
70,000.00 ANHEUSER-
BUSCH INBEV
WORLDWIDE
INC 4.00%
04/13/2028
035240AL4 114.31 80,016.30 70,000.00 70,000.00 98.82 69,783.40 606.67 0.2%4.30 2,800.00
100,000.00 HOME DEPOT
INC 4.88%
02/15/2044
437076BD3 115.63 115,627.00 100,000.00 100,000.00 99.07 100,913.67 1,841.67 0.3%4.95 4,875.00
60,000.00 KIMCO REALTY
OP LLC 3.20%
04/01/2032
49446RAZ2 99.17 59,501.40 60,000.00 60,000.00 87.10 52,738.80 480.00 0.2%5.14 1,920.00
50,000.00 PHILLIPS 66
4.88%
11/15/2044
718546AL8 126.49 63,243.00 50,000.00 50,000.00 95.69 48,157.26 311.46 0.1%5.22 2,437.50
100,000.00 ENBRIDGE INC
3.70%
07/15/2027
29250NAR6 101.13 101,135.00 100,000.00 100,000.00 96.56 98,262.61 1,706.11 0.3%4.77 3,700.00
60,000.00 BORGWARNER
INC 2.65%
07/01/2027
099724AL0 107.34 64,402.80 60,000.00 60,000.00 92.68 56,401.80 795.00 0.2%4.95 1,590.00
Portfolio Appraisal CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD As of 12/31/2023 Return to Table of Contents Dated: 01/29/2024
1
Page 148
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
50,000.00 TELUS CORP
4.30%
06/15/2049
87971MBK8 121.52 60,762.10 50,000.00 50,000.00 83.46 41,824.71 95.56 0.1%5.52 2,150.00
27,000.00 CENOVUS
ENERGY INC
5.25%
06/15/2037
15135UAP4 119.59 32,290.38 27,000.00 27,000.00 95.82 25,933.54 63.00 0.1%5.70 1,417.50
50,000.00 GENERAL
DYNAMICS
CORP 3.50%
04/01/2027
369550BL1 106.12 53,060.00 50,000.00 50,000.00 97.43 49,151.15 437.50 0.1%4.35 1,750.00
110,000.00 MAGELLAN
MIDSTREAM
PARTNERS LP
3.95%
03/01/2050
559080AP1 109.07 119,975.90 110,000.00 110,000.00 76.35 85,437.73 1,448.33 0.3%5.70 4,345.00
100,000.00 REYNOLDS
AMERICAN INC
4.45%
06/12/2025
761713BG0 108.47 108,467.00 100,000.00 100,000.00 98.86 99,096.86 234.86 0.3%5.27 4,450.00
100,000.00 CITIGROUP INC
3.70%
01/12/2026
172967KG5 101.65 101,647.00 100,000.00 100,000.00 97.45 99,183.04 1,736.94 0.3%5.03 3,700.00
70,000.00 ESSEX
PORTFOLIO LP
4.00%
03/01/2029
29717PAT4 111.75 78,224.30 70,000.00 70,000.00 95.66 67,894.49 933.33 0.2%4.96 2,800.00
100,000.00 BANK OF
AMERICA CORP
4.44%
01/20/2048
06051GGG8 106.31 106,308.00 100,000.00 100,000.00 90.05 92,040.61 1,987.01 0.3%5.24 4,443.00
35,000.00 DARDEN
RESTAURANTS
INC 3.85%
05/01/2027
237194AL9 110.59 38,705.80 35,000.00 35,000.00 96.75 34,085.54 224.58 0.1%4.92 1,347.50
100,000.00 RYDER SYSTEM
INC 2.90%
12/01/2026
78355HKP3 90.81 90,807.00 100,000.00 100,000.00 94.35 94,587.27 241.67 0.3%5.00 2,900.00
100,000.00 INTEL CORP
3.90%
03/25/2030
458140BR0 113.48 113,484.00 100,000.00 100,000.00 97.04 98,076.80 1,040.00 0.3%4.45 3,900.00
100,000.00 CARDINAL
HEALTH INC
4.90%
09/15/2045
14149YBD9 111.47 111,470.00 100,000.00 100,000.00 91.24 92,679.48 1,442.78 0.3%5.60 4,900.00
100,000.00 SYSCO CORP
4.45%
03/15/2048
871829BH9 120.54 120,536.00 100,000.00 100,000.00 88.12 89,435.08 1,310.28 0.3%5.33 4,450.00
100,000.00 JPMORGAN
CHASE & CO
3.88%
02/01/2024
46625HJT8 105.18 105,181.00 100,000.00 100,000.00 99.84 101,449.88 1,614.58 0.3%5.65 3,875.00
100,000.00 MORGAN
STANLEY 3.88%
04/29/2024
61746BDQ6 103.71 103,711.00 100,000.00 100,000.00 99.39 100,060.36 667.36 0.3%5.69 3,875.00
65,000.00 AERCAP
IRELAND
CAPITAL DAC
5.75%
06/06/2028
00774MBC8 99.03 64,370.15 65,000.00 65,000.00 102.24 66,717.69 259.55 0.2%5.18 3,737.50
100,000.00 WELLS FARGO
& CO 3.30%
09/09/2024
94974BGA2 99.88 99,882.00 100,000.00 100,000.00 98.69 99,716.07 1,026.67 0.3%5.24 3,300.00
--- ---------2,155,833.03 1,992,000.00 1,992,000.00 ---1,886,530.28 21,609.24 5.5%5.18 80,985.50
Portfolio Appraisal CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD As of 12/31/2023 Return to Table of Contents Dated: 01/29/2024
2
Page 149
U.S. Fixed Income
MBS
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
22,001.59 FN MA3871
3.00%
12/01/2049
31418DJR4 101.91 22,420.97 100,000.00 22,001.59 89.10 19,658.87 55.00 0.1%4.59 660.05
21,944.64 FN CB3918
4.50%
06/01/2052
3140QPK89 96.58 21,193.72 25,000.00 21,944.64 96.92 21,350.69 82.29 0.1%4.97 987.51
59,324.95 FN MA4562
2.00%
03/01/2052
31418EB82 83.87 49,758.80 65,000.00 59,324.95 81.70 48,568.94 98.87 0.1%4.51 1,186.50
35,444.88 FH RA1343
3.00%
09/01/2049
3133KGP44 104.69 37,106.33 100,000.00 35,444.88 89.43 31,786.77 88.61 0.1%4.55 1,063.35
57,093.31 FN MA4978
5.00%
04/01/2053
31418EQ86 99.34 56,718.63 60,000.00 57,093.31 99.01 56,767.16 237.89 0.2%5.15 2,854.67
37,222.36 FN MA3305
3.50%
03/01/2048
31418CU77 103.02 38,344.86 225,000.00 37,222.36 92.82 34,658.11 108.57 0.1%4.62 1,302.78
140,970.28 FN MA4398
2.00%
08/01/2051
31418D3G5 78.81 111,102.19 165,000.00 140,970.28 82.05 115,900.05 234.95 0.3%4.50 2,819.41
43,197.70 FH G61893
3.00%
07/01/2047
31335CC69 101.14 43,690.40 150,000.00 43,197.70 89.95 38,964.94 107.99 0.1%4.62 1,295.93
40,773.60 FH C91270
4.50%
10/01/2029
3128P7MT7 105.67 43,086.21 2,000,000.00 40,773.60 98.66 40,379.40 152.90 0.1%5.09 1,834.81
35,415.26 FN FS0822
2.00%
03/01/2052
3140XF4G3 88.61 31,381.24 40,000.00 35,415.26 82.46 29,261.82 59.03 0.1%4.40 708.31
83,732.51 FN MA4383
2.00%
07/01/2036
31418D2R2 90.54 75,807.36 115,000.00 83,732.51 90.03 75,527.57 139.55 0.2%4.33 1,674.65
82,191.73 FN AL3180
3.00%
01/01/2043
3138EKRA5 100.20 82,358.69 374,582.00 82,191.73 90.79 74,827.11 205.48 0.2%4.65 2,465.75
48,789.06 FH G16255
2.50%
07/01/2032
3128MFE46 99.70 48,644.22 190,000.00 48,789.06 94.61 46,258.65 101.64 0.1%4.20 1,219.73
106,847.16 FH RA8415
5.50%
01/01/2053
3133KQK47 101.52 108,468.74 115,000.00 106,847.16 102.39 109,890.02 489.72 0.3%5.08 5,876.59
146,965.98 FN MA4492
2.00%
12/01/2051
31418D7E6 78.73 115,701.26 165,000.00 146,965.98 82.05 120,824.44 244.94 0.4%4.48 2,939.32
63,813.15 FN CB1783
2.50%
10/01/2051
3140QL6V3 92.13 58,787.86 75,000.00 63,813.15 85.90 54,951.58 132.94 0.2%4.51 1,595.33
31,202.93 FN AS8483
3.00%
12/01/2046
3138WJM96 102.95 32,124.32 125,000.00 31,202.93 90.67 28,369.35 78.01 0.1%4.48 936.09
230,742.47 FH QC4235
2.50%
07/01/2051
3133ANV43 102.31 236,078.36 300,000.00 230,742.47 85.91 198,717.59 480.71 0.6%4.50 5,768.56
88,881.07 FN AT2324
3.00%
05/01/2043
3138WPSN5 100.20 89,061.62 335,507.00 88,881.07 91.41 81,468.30 222.20 0.2%4.49 2,666.43
Portfolio Appraisal CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD As of 12/31/2023 Return to Table of Contents Dated: 01/29/2024
3
Page 150
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
20,173.54 FN MA3276
3.50%
02/01/2048
31418CUA0 105.75 21,333.52 125,000.00 20,173.54 92.82 18,783.91 58.84 0.1%4.62 706.07
129,232.45 FH V80057
3.00%
05/01/2043
3132L5B28 100.23 129,535.33 450,000.00 129,232.45 94.07 121,888.17 323.08 0.4%4.03 3,876.97
20,353.41 FN MA3834
3.00%
11/01/2049
31418DHL9 101.90 20,739.79 100,000.00 20,353.41 89.52 18,270.98 50.88 0.1%4.52 610.60
38,181.37 FH SD8129
2.50%
02/01/2051
3132DWA60 84.93 32,427.33 60,000.00 38,181.37 85.32 32,657.15 79.54 0.1%4.65 954.53
50,721.56 FN BP6826
2.50%
05/01/2050
3140KESQ2 104.98 53,249.69 100,000.00 50,721.56 85.47 43,459.40 105.67 0.1%4.69 1,268.04
2,387.59 FH G14203
4.00%
04/01/2026
3128MC3L7 104.56 2,496.51 256,397.00 2,387.59 97.71 2,340.80 7.96 0.0%6.51 95.50
28,230.98 FH QA5517
3.00%
12/01/2049
3133A0DW1 102.31 28,883.80 100,000.00 28,230.98 89.10 25,225.20 70.58 0.1%4.58 846.93
55,602.57 FN BD2453
3.00%
01/01/2047
3140F9WP6 99.89 55,541.72 139,000.00 55,602.57 90.70 50,570.08 139.01 0.1%4.48 1,668.08
196,876.40 FN BR1668
2.00%
03/01/2051
3140KY2A1 99.54 195,961.22 250,000.00 196,876.40 82.05 161,869.72 328.13 0.5%4.53 3,937.53
36,612.87 FH QE9566
5.00%
09/01/2052
3133BKTX7 98.78 36,166.64 40,000.00 36,612.87 99.12 36,442.22 152.55 0.1%5.14 1,830.64
81,519.37 FN MA4475
2.50%
11/01/2041
31418D6M9 103.58 84,436.23 100,000.00 81,519.37 90.14 73,647.95 169.83 0.2%4.37 2,037.98
73,208.85 FH G08722
3.50%
09/01/2046
3128MJYU8 102.09 74,735.96 477,000.00 73,208.85 93.22 68,458.73 213.53 0.2%4.60 2,562.31
10,938.76 FN MA3638
4.00%
04/01/2049
31418DBG6 103.09 11,277.20 101,000.00 10,938.76 95.73 10,507.74 36.46 0.0%4.68 437.55
246,346.13 FN MA4414
2.50%
09/01/2051
31418D3Y6 86.05 211,973.14 300,000.00 246,346.13 85.32 210,705.92 513.22 0.6%4.60 6,158.65
81,925.86 FH RB5095
2.00%
01/01/2041
3133KYUU1 103.84 85,068.46 115,000.00 81,925.86 88.35 72,518.14 136.54 0.2%4.15 1,638.52
54,943.97 FH RA4518
3.50%
02/01/2051
3133KLAT4 91.20 50,108.47 90,000.00 54,943.97 92.54 51,004.03 160.25 0.1%4.60 1,923.04
54,803.04 FN 995373
4.50%
02/01/2039
31416BXA1 106.72 58,485.08 4,000,000.00 54,803.04 99.39 54,674.76 205.51 0.2%4.61 2,466.14
13,766.24 FH SD1884
5.00%
11/01/2052
3132DPCV8 100.30 13,808.18 15,000.00 13,766.24 98.97 13,682.39 57.36 0.0%5.17 688.31
135,946.08 FN AJ1405
4.00%
09/01/2041
3138ASR38 104.48 142,042.32 1,500,000.00 135,946.08 98.25 134,024.98 453.15 0.4%4.32 5,437.84
72,354.26 FH SB8503
2.00%
08/01/2035
3132D6NU0 102.81 74,389.22 125,000.00 72,354.26 90.13 65,335.44 120.59 0.2%4.43 1,447.09
23,673.82 FN MA3960
3.00%
03/01/2050
31418DMJ8 102.31 24,221.27 100,000.00 23,673.82 89.07 21,145.75 59.18 0.1%4.59 710.21
Portfolio Appraisal CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD As of 12/31/2023 Return to Table of Contents Dated: 01/29/2024
4
Page 151
U.S. Fixed Income
U.S. Treasuries
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
71,191.28 FN CA7738
2.50%
11/01/2050
3140QFS42 105.64 75,206.90 115,000.00 71,191.28 86.33 61,608.43 148.32 0.2%4.42 1,779.78
40,430.84 FN MA2930
4.00%
03/01/2047
31418CHG2 103.56 41,871.26 344,000.00 40,430.84 96.53 39,164.53 134.77 0.1%4.55 1,617.23
40,047.69 FH J30401 3.00%
01/01/2030
31307LNS3 101.30 40,567.03 301,000.00 40,047.69 96.29 38,661.56 100.12 0.1%4.66 1,201.43
19,974.80 FH SD4229
6.00%
11/01/2053
3132E0VW9 100.13 19,999.76 20,000.00 19,974.80 102.01 20,476.86 99.87 0.1%5.64 1,198.49
29,545.44 FH SD3698
6.00%
08/01/2053
3132E0DB5 102.80 30,371.79 30,000.00 29,545.44 102.61 30,463.55 147.73 0.1%5.51 1,772.73
--- ---------2,916,733.60 14,078,486.00 3,005,543.78 ---2,705,719.74 7,394.00 7.9%4.55 88,727.97
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
160,000.00 UNITED STATES
TREASURY
2.88%
05/15/2032
91282CEP2 99.71 159,535.94 160,000.00 160,000.00 92.81 149,093.96 593.96 0.4%3.89 4,600.00
20,000.00 UNITED STATES
TREASURY
2.63%
02/15/2029
9128286B1 106.94 21,388.28 20,000.00 20,000.00 94.22 19,042.05 198.30 0.1%3.88 525.00
180,000.00 UNITED STATES
TREASURY
4.00%
02/29/2028
91282CGP0 101.49 182,685.94 180,000.00 180,000.00 100.38 183,107.97 2,432.97 0.5%3.90 7,200.00
75,000.00 UNITED STATES
TREASURY
1.63%
11/15/2050
912810SS8 95.70 71,776.95 75,000.00 75,000.00 59.84 45,040.18 157.37 0.1%4.11 1,218.75
105,000.00 UNITED STATES
TREASURY
0.38%
11/30/2025
91282CAZ4 92.33 96,947.66 105,000.00 105,000.00 92.86 97,536.77 34.43 0.3%4.29 393.75
115,000.00 UNITED STATES
TREASURY
3.00%
09/30/2025
9128285C0 100.99 116,136.52 115,000.00 115,000.00 97.70 113,235.23 876.64 0.3%4.37 3,450.00
145,000.00 UNITED STATES
TREASURY
2.88%
05/15/2052
912810TG3 87.50 126,879.88 145,000.00 145,000.00 79.97 116,492.96 538.27 0.3%4.07 4,168.75
25,000.00 UNITED STATES
TREASURY
0.88%
01/31/2024
91282CDV0 98.65 24,662.11 25,000.00 25,000.00 99.64 25,001.70 91.54 0.1%4.88 218.75
15,000.00 UNITED STATES
TREASURY
1.88%
11/15/2051
912810TB4 95.26 14,288.67 15,000.00 15,000.00 63.52 9,563.66 36.32 0.0%4.08 281.25
85,000.00 UNITED STATES
TREASURY
3.88%
08/15/2040
912810QK7 128.02 108,819.93 85,000.00 85,000.00 97.72 84,305.04 1,244.11 0.2%4.06 3,293.75
Portfolio Appraisal CITY OF KENAI PERMANENT FUNDS
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Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
100,000.00 UNITED STATES
TREASURY
0.38%
04/15/2024
91282CBV2 99.53 99,527.34 100,000.00 100,000.00 98.61 98,689.29 79.92 0.3%5.16 375.00
75,000.00 UNITED STATES
TREASURY
2.75%
06/30/2025
912828XZ8 99.71 74,780.27 75,000.00 75,000.00 97.56 73,177.54 5.67 0.2%4.44 2,062.50
50,000.00 UNITED STATES
TREASURY
0.38%
07/31/2027
91282CAD3 95.14 47,568.36 50,000.00 50,000.00 88.22 44,187.84 78.46 0.1%3.93 187.50
95,000.00 UNITED STATES
TREASURY
2.88%
05/15/2043
912810RB6 76.58 72,749.22 95,000.00 95,000.00 82.31 78,549.54 352.66 0.2%4.22 2,731.25
25,000.00 UNITED STATES
TREASURY
2.75%
08/15/2042
912810QX9 110.86 27,715.82 25,000.00 25,000.00 81.30 20,583.90 259.68 0.1%4.21 687.50
70,000.00 UNITED STATES
TREASURY
0.63%
08/15/2030
91282CAE1 84.59 59,215.63 70,000.00 70,000.00 81.19 56,996.50 165.25 0.2%3.87 437.50
50,000.00 UNITED STATES
TREASURY
3.25%
06/30/2029
91282CEV9 100.53 50,263.67 50,000.00 50,000.00 96.89 48,449.78 4.46 0.1%3.88 1,625.00
35,000.00 UNITED STATES
TREASURY
1.88%
02/15/2032
91282CDY4 90.94 31,829.49 35,000.00 35,000.00 86.08 30,375.22 247.88 0.1%3.89 656.25
120,000.00 UNITED STATES
TREASURY
0.25%
07/31/2025
91282CAB7 96.66 115,992.97 120,000.00 120,000.00 93.64 112,494.29 125.54 0.3%4.44 300.00
105,000.00 UNITED STATES
TREASURY
1.75%
11/15/2029
912828YS3 93.71 98,400.59 105,000.00 105,000.00 89.31 94,015.38 237.26 0.3%3.80 1,837.50
50,000.00 UNITED STATES
TREASURY
2.00%
08/15/2051
912810SZ2 100.88 50,439.45 50,000.00 50,000.00 65.59 33,174.59 377.72 0.1%4.09 1,000.00
55,000.00 UNITED STATES
TREASURY
1.63%
05/15/2031
91282CCB5 100.89 55,489.84 55,000.00 55,000.00 85.88 47,346.65 115.40 0.1%3.84 893.75
40,000.00 UNITED STATES
TREASURY
3.00%
08/15/2052
912810TJ7 90.09 36,037.50 40,000.00 40,000.00 82.13 33,303.26 453.26 0.1%4.06 1,200.00
10,000.00 UNITED STATES
TREASURY
3.38%
08/15/2042
912810TK4 96.23 9,623.44 10,000.00 10,000.00 89.47 9,074.35 127.48 0.0%4.20 337.50
40,000.00 UNITED STATES
TREASURY
3.50%
01/31/2030
91282CGJ4 100.61 40,243.75 40,000.00 40,000.00 97.91 39,748.37 585.87 0.1%3.89 1,400.00
100,000.00 UNITED STATES
TREASURY
3.13%
11/15/2028
9128285M8 103.28 103,277.34 100,000.00 100,000.00 96.66 97,059.75 403.50 0.3%3.88 3,125.00
Portfolio Appraisal CITY OF KENAI PERMANENT FUNDS
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Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
140,000.00 UNITED STATES
TREASURY
1.13%
02/15/2031
91282CBL4 99.68 139,551.56 140,000.00 140,000.00 83.55 117,560.53 594.90 0.3%3.78 1,575.00
45,000.00 UNITED STATES
TREASURY
2.88%
05/15/2049
912810SH2 104.41 46,986.33 45,000.00 45,000.00 79.80 36,075.64 167.05 0.1%4.17 1,293.75
20,000.00 UNITED STATES
TREASURY
2.25%
02/15/2052
912810TD0 83.97 16,794.53 20,000.00 20,000.00 69.63 14,094.97 169.97 0.0%4.07 450.00
15,000.00 UNITED STATES
TREASURY
1.25%
05/15/2050
912810SN9 100.74 15,110.74 15,000.00 15,000.00 54.16 8,147.65 24.21 0.0%4.11 187.50
75,000.00 UNITED STATES
TREASURY
1.63%
05/15/2026
912828R36 98.43 73,822.27 75,000.00 75,000.00 94.36 70,926.90 157.37 0.2%4.14 1,218.75
65,000.00 UNITED STATES
TREASURY
2.75%
08/15/2032
91282CFF3 95.15 61,846.48 65,000.00 65,000.00 91.72 60,292.36 675.17 0.2%3.89 1,787.50
125,000.00 UNITED STATES
TREASURY
0.88%
11/15/2030
91282CAV3 97.64 122,045.90 125,000.00 125,000.00 82.25 102,953.73 141.23 0.3%3.83 1,093.75
35,000.00 UNITED STATES
TREASURY
2.88%
04/30/2029
91282CEM9 96.88 33,908.98 35,000.00 35,000.00 95.20 33,492.49 171.39 0.1%3.88 1,006.25
25,000.00 UNITED STATES
TREASURY
3.13%
02/15/2043
912810QZ4 97.13 24,283.20 25,000.00 25,000.00 85.70 21,720.87 295.09 0.1%4.22 781.25
10,000.00 UNITED STATES
TREASURY
0.63%
05/15/2030
912828ZQ6 100.79 10,079.30 10,000.00 10,000.00 81.78 8,186.20 8.07 0.0%3.88 62.50
10,000.00 UNITED STATES
TREASURY
3.63%
02/15/2053
912810TN8 97.77 9,777.34 10,000.00 10,000.00 92.73 9,410.36 136.92 0.0%4.05 362.50
75,000.00 UNITED STATES
TREASURY
4.00%
02/15/2026
91282CGL9 100.28 75,208.01 75,000.00 75,000.00 99.56 75,805.03 1,133.15 0.2%4.21 3,000.00
200,000.00 UNITED STATES
TREASURY
3.63%
03/31/2028
91282CGT2 100.14 200,287.51 200,000.00 200,000.00 98.94 199,717.21 1,842.21 0.6%3.90 7,250.00
100,000.00 UNITED STATES
TREASURY
0.25%
05/15/2024
91282CCC3 99.86 99,855.47 100,000.00 100,000.00 98.19 98,219.78 32.28 0.3%5.12 250.00
100,000.00 UNITED STATES
TREASURY
3.38%
05/15/2033
91282CHC8 96.46 96,462.89 100,000.00 100,000.00 96.13 96,560.78 435.78 0.3%3.87 3,375.00
70,000.00 UNITED STATES
TREASURY
3.63%
05/15/2053
912810TR9 94.26 65,981.25 70,000.00 70,000.00 92.86 65,329.21 327.64 0.2%4.04 2,537.50
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U.S. High Yield Fixed Income
Open-End Fund
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
70,000.00 UNITED STATES
TREASURY
3.88%
05/15/2043
912810TS7 96.62 67,630.86 70,000.00 70,000.00 95.67 67,320.55 350.24 0.2%4.20 2,712.50
120,000.00 UNITED STATES
TREASURY
3.50%
04/30/2028
91282CHA2 97.80 117,360.94 120,000.00 120,000.00 98.47 118,877.88 715.38 0.3%3.89 4,200.00
120,000.00 UNITED STATES
TREASURY
3.63%
05/15/2026
91282CHB0 98.16 117,787.50 120,000.00 120,000.00 98.86 119,192.93 561.68 0.3%4.13 4,350.00
50,000.00 UNITED STATES
TREASURY
3.75%
05/31/2030
91282CHF1 99.41 49,705.08 50,000.00 50,000.00 99.22 49,773.31 163.93 0.1%3.89 1,875.00
75,000.00 UNITED STATES
TREASURY
3.63%
05/31/2028
91282CHE4 98.69 74,018.55 75,000.00 75,000.00 99.00 74,487.70 237.70 0.2%3.87 2,718.75
80,000.00 UNITED STATES
TREASURY
4.13%
06/15/2026
91282CHH7 99.00 79,196.88 80,000.00 80,000.00 100.00 80,153.28 153.28 0.2%4.12 3,300.00
20,000.00 UNITED STATES
TREASURY
3.75%
06/30/2030
91282CHJ3 98.70 19,739.06 20,000.00 20,000.00 99.20 19,842.69 2.06 0.1%3.89 750.00
32,000.00 UNITED STATES
TREASURY
4.13%
08/15/2053
912810TT5 88.90 28,447.03 32,000.00 32,000.00 101.53 32,988.59 498.59 0.1%4.04 1,320.00
105,000.00 UNITED STATES
TREASURY
3.88%
08/15/2033
91282CHT1 92.90 97,547.85 105,000.00 105,000.00 100.03 106,569.65 1,536.84 0.3%3.87 4,068.75
50,000.00 UNITED STATES
TREASURY
4.38%
08/31/2028
91282CHX2 98.54 49,267.58 50,000.00 50,000.00 102.19 51,832.93 739.18 0.2%3.86 2,187.50
45,000.00 UNITED STATES
TREASURY
4.38%
08/15/2043
912810TU2 89.82 40,420.90 45,000.00 45,000.00 102.42 46,833.47 743.63 0.1%4.19 1,968.75
150,000.00 UNITED STATES
TREASURY
5.00%
10/31/2025
91282CJE2 99.86 149,783.20 150,000.00 150,000.00 101.16 153,011.85 1,277.47 0.4%4.34 7,500.00
30,000.00 UNITED STATES
TREASURY
4.63%
10/15/2026
91282CJC6 99.24 29,772.66 30,000.00 30,000.00 101.52 30,750.38 295.70 0.1%4.04 1,387.50
170,000.00 UNITED STATES
TREASURY
1.50%
11/30/2024
912828YV6 102.28 173,871.48 170,000.00 170,000.00 97.00 165,122.95 222.95 0.5%4.87 2,550.00
--- ---------4,082,827.89 4,172,000.00 4,172,000.00 ---3,894,897.66 23,635.00 11.4%4.12 111,326.25
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Cash
CASH
Cash
MMFUND
U.S. Large Cap Equity
ETF
U.S. Mid Cap Equity
ETF
U.S. Small Cap Equity
ETF
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
242,549.85 VANGUARD HY
CORP ADM
VWEAX 5.50 1,333,793.90 242,549.85 242,549.85 5.42 1,314,620.18 0.00 3.8%------
--- ---------1,333,793.90 242,549.85 242,549.85 ---1,314,620.18 0.00 3.8%---0.00
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
67,228.92 Cash USD 1.00 67,228.92 67,228.92 67,228.92 1.00 67,228.92 0.00 0.2%0.00 0.00
76,399.25 Receivable USD 1.00 76,399.25 76,399.25 76,399.25 1.00 76,399.25 0.00 0.2%0.00 0.00
--- ---------143,628.17 143,628.17 143,628.17 ---143,628.17 0.00 0.4%0.00 0.00
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
1,235,807.08 ALLSPRING:GO
VT MM I
GVIXX 1.00 1,235,807.08 1,235,807.08 1,235,807.08 1.00 1,235,807.08 0.00 3.6%5.22 64,385.55
--- ---------1,235,807.08 1,235,807.08 1,235,807.08 ---1,235,807.08 0.00 3.6%5.22 64,385.55
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
15,421.00 SPDR S&P 500
ETF
SPY 327.72 5,053,709.96 15,421.00 15,421.00 475.14 7,327,076.84 0.00 21.5%---126,667.77
--- ---------5,053,709.96 15,421.00 15,421.00 ---7,327,076.84 0.00 21.5%---126,667.77
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
10,152.00 ISHARES:CORE
S&P MD-CP
IJH 195.22 1,981,858.60 10,152.00 10,152.00 277.21 2,814,215.92 0.00 8.2%---41,094.82
7,898.00 INVESCO S&P
MIDCAP QLTY
XMHQ 79.51 627,938.39 7,898.00 7,898.00 88.65 700,157.70 0.00 2.1%------
--- ---------2,609,796.99 18,050.00 18,050.00 ---3,514,373.62 0.00 10.3%---41,094.82
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Developed International Equity
ETF
Emerging Market Equity
ETF
Infrastructure
ETF
REITs
ETF
Alternative Beta
ETF
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
13,446.00 ISHARES:CORE
S&P SM-CP
IJR 86.42 1,161,999.92 13,446.00 13,446.00 108.26 1,455,601.84 0.00 4.3%---19,125.79
7,692.00 PACER US SC
CSH CWS 100
CALF 35.49 272,984.75 7,692.00 7,692.00 48.03 369,459.07 0.00 1.1%------
--- ---------1,434,984.67 21,138.00 21,138.00 ---1,825,060.91 0.00 5.3%---19,125.79
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
38,945.00 ISHARES:CORE
MSCI EAFE
IEFA 67.09 2,612,834.71 38,945.00 38,945.00 70.28 2,737,195.54 0.00 8.0%---87,612.59
--- ---------2,612,834.71 38,945.00 38,945.00 ---2,737,195.54 0.00 8.0%---87,612.59
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
32,970.00 ISHARES:CORE
MSCI EMMKTS
IEMG 60.82 2,005,337.25 32,970.00 32,970.00 50.56 1,667,087.89 0.00 4.9%---48,126.57
--- ---------2,005,337.25 32,970.00 32,970.00 ---1,667,087.89 0.00 4.9%---48,126.57
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
31,924.00 FLEXSHS:STOX
X GL BRD INF
NFRA 52.82 1,686,185.38 31,924.00 31,924.00 53.59 1,710,807.16 0.00 5.0%------
--- ---------1,686,185.38 31,924.00 31,924.00 ---1,710,807.16 0.00 5.0%---0.00
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
5,380.00 JPMORGAN:BB
MSCI US REIT
BBRE 85.07 457,650.98 5,380.00 5,380.00 89.30 480,434.00 0.00 1.4%---16,451.96
5,941.00 PACER
INDUSTRIAL RE
INDS 40.53 240,805.91 5,941.00 5,941.00 41.77 248,133.59 0.00 0.7%------
--- ---------698,456.90 11,321.00 11,321.00 ---728,567.59 0.00 2.1%---16,451.96
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Alternative Beta
Open-End Fund
Summary
* Grouped by: APCM Asset Type -> Custom Security Type Classifier. * Groups Sorted by: APCM Asset Type -> Custom Security Type Classifier. * Weighted by: Base Book Value + Accrued. * Holdings Displayed by: Position.
* Quantity = [Quantity (With Summary)]. * Description = IF(Empty([Final Maturity])OR([Manual Asset Class]='Cash'), [Original Description], concat([Original Description],' ', TEXTNUMBER([Coupon Rate],'0.00'),'% ',TEXTDATE([Legal Final Maturity],'MM/dd/yyyy'))). * Identifier =
If([Fixed Income]=TRUE, [CUSIP],[Ticker]). * Original Cost = [Original Price (With Summary)]. * Market Price = [Market Price (With Summary)]. * Yield To Maturity = IF((TEXTBOOLEAN([Fixed Income], 'Yes,No'))='No', [Book Yield], IF([Reporting - Report
Type]='Operating',[Book Yield],[Yield to Maturity - Portfolio Yield])), Summary Calculation: Weighted Average.
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
27,906.00 CORE
ALTERNATIVE
CCOR 30.02 837,638.37 27,906.00 27,906.00 27.57 769,240.05 0.00 2.3%---9,329.32
26,018.00 INDEXIQ:HDG
MLT-STR TRCK
QAI 29.68 772,254.81 26,018.00 26,018.00 30.13 783,818.31 0.00 2.3%---29,592.92
--- ---------1,609,893.18 53,924.00 53,924.00 ---1,553,058.36 0.00 4.5%---38,922.24
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
158,381.70 BLACKROCK:SY
S MLTI STR I
BIMBX 10.08 1,596,193.21 158,381.70 158,381.70 9.84 1,558,475.98 0.00 4.6%------
--- ---------1,596,193.21 158,381.70 158,381.70 ---1,558,475.98 0.00 4.6%---0.00
Quantity Description Identifier Original Cost Total Cost Original Units Current Units Market Price Market Value +
Accrued
Accrued Interest % of Market
Value +
Accrued
Yield To Maturity Estimated Annual
Income
--- --------- 31,544,986.36 22,636,545.80 11,563,603.58 --- 34,151,480.93 54,299.46 100.0%4.53 729,658.26
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* Does not Lock Down.
Equity Dividend
Other Income
Custody Fee
Open-End Fund Payment
Buy
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
U.S. Large Cap Equity 12/15/2023 01/31/2024 78462F103 SPDR S&P 500 ETF 0.00 29,393.55 0.00
Alternative Beta 12/20/2023 12/22/2023 53656F847 CORE ALTERNATIVE 0.00 1,732.02 0.00
Infrastructure 12/15/2023 12/21/2023 33939L795 FLEXSHS:STOXX GL BRD INF 0.00 11,962.27 0.00
U.S. Mid Cap Equity 12/18/2023 12/22/2023 46137V472 INVESCO S&P MIDCAP QLTY 0.00 1,299.14 0.00
Alternative Beta 12/28/2023 01/05/2024 45409B107 INDEXIQ:HDG MLT-STR TRCK 0.00 31,913.68 0.00
Developed International Equity 12/20/2023 12/27/2023 46432F842 ISHARES:CORE MSCI EAFE 0.00 37,691.40 0.00
Emerging Market Equity 12/20/2023 12/27/2023 46434G103 ISHARES:CORE MSCI EMMKTS 0.00 32,212.45 0.00
U.S. Mid Cap Equity 12/20/2023 12/27/2023 464287507 ISHARES:CORE S&P MD-CP 0.00 12,241.38 0.00
U.S. Small Cap Equity 12/20/2023 12/27/2023 464287804 ISHARES:CORE S&P SM-CP 0.00 3,800.85 0.00
REITs 12/19/2023 12/22/2023 46641Q738 JPMORGAN:BB MSCI US REIT 0.00 5,040.31 0.00
U.S. Small Cap Equity 12/27/2023 01/03/2024 69374H857 PACER US SC CSH CWS 100 0.00 1,259.63 0.00
---------------0.00 168,546.68 0.00
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
Cash 10/02/2023 10/02/2023 CCYUSD US DOLLAR 0.00 54.53 0.00
Cash 10/02/2023 10/02/2023 CCYUSD US DOLLAR 0.00 54.53 0.00
Cash 10/02/2023 10/02/2023 CCYUSD US DOLLAR 0.00 54.52 0.00
---10/02/2023 10/02/2023 CCYUSD ---0.00 163.58 0.00
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
Cash 10/26/2023 10/26/2023 CCYUSD US DOLLAR 0.00 538.57 0.00
Cash 11/20/2023 11/20/2023 CCYUSD US DOLLAR 0.00 368.73 0.00
Cash 12/20/2023 12/20/2023 CCYUSD US DOLLAR 0.00 472.78 0.00
---------CCYUSD ---0.00 1,380.08 0.00
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
Alternative Beta 12/28/2023 12/28/2023 09260C307 BLACKROCK:SYS MLTI STR I 0.00 67,228.92 0.00
U.S. High Yield Fixed Income 10/31/2023 10/31/2023 922031760 VANGUARD HY CORP ADM 0.00 6,606.30 0.00
U.S. High Yield Fixed Income 11/30/2023 11/30/2023 922031760 VANGUARD HY CORP ADM 0.00 6,498.23 0.00
U.S. High Yield Fixed Income 12/29/2023 12/29/2023 922031760 VANGUARD HY CORP ADM 0.00 6,607.96 0.00
---------------0.00 86,941.41 0.00
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
MBS 12/21/2023 12/26/2023 3132E0DB5 FH SD3698 6.00% 08/01/2053 29,545.44 30,371.79 123.11
MBS 11/17/2023 11/21/2023 3132E0VW9 FH SD4229 6.00% 11/01/2053 20,000.00 20,025.00 66.67
U.S. Treasuries 10/31/2023 11/01/2023 912810TT5 UNITED STATES TREASURY
4.13% 08/15/2053
20,000.00 17,275.78 174.86
U.S. Treasuries 10/31/2023 11/02/2023 912810TU2 UNITED STATES TREASURY
4.38% 08/15/2043
45,000.00 40,420.90 422.64
Transaction Summary CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD 10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
12
Page 159
Coupon
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
U.S. Treasuries 10/31/2023 11/02/2023 91282CHT1 UNITED STATES TREASURY
3.88% 08/15/2033
85,000.00 78,495.51 707.08
U.S. Treasuries 10/31/2023 11/02/2023 91282CJC6 UNITED STATES TREASURY
4.63% 10/15/2026
30,000.00 29,772.66 68.24
U.S. Treasuries 10/31/2023 11/02/2023 91282CJE2 UNITED STATES TREASURY
5.00% 10/31/2025
150,000.00 149,783.20 41.21
---------------379,545.44 366,144.84 1,603.81
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
Corporate Bonds 12/06/2023 12/06/2023 00774MBC8 AERCAP IRELAND CAPITAL DAC
5.75% 06/06/2028
0.00 1,868.75 0.00
Corporate Bonds 10/13/2023 10/13/2023 035240AL4 ANHEUSER-BUSCH INBEV
WORLDWIDE INC 4.00%
04/13/2028
0.00 1,400.00 0.00
Corporate Bonds 12/15/2023 12/15/2023 15135UAP4 CENOVUS ENERGY INC 5.25%
06/15/2037
0.00 708.75 0.00
Corporate Bonds 11/01/2023 11/01/2023 237194AL9 DARDEN RESTAURANTS INC
3.85% 05/01/2027
0.00 673.75 0.00
MBS 12/01/2023 12/01/2023 3128P7MT7 FH C91270 4.50% 10/01/2029 0.00 155.20 0.00
MBS 11/01/2023 11/01/2023 3128P7MT7 FH C91270 4.50% 10/01/2029 0.00 158.79 0.00
MBS 10/01/2023 10/01/2023 3128P7MT7 FH C91270 4.50% 10/01/2029 0.00 161.30 0.00
MBS 12/01/2023 12/01/2023 3128MJYU8 FH G08722 3.50% 09/01/2046 0.00 215.19 0.00
MBS 11/01/2023 11/01/2023 3128MJYU8 FH G08722 3.50% 09/01/2046 0.00 216.31 0.00
MBS 10/01/2023 10/01/2023 3128MJYU8 FH G08722 3.50% 09/01/2046 0.00 217.55 0.00
MBS 12/01/2023 12/01/2023 3128MC3L7 FH G14203 4.00% 04/01/2026 0.00 8.43 0.00
MBS 11/01/2023 11/01/2023 3128MC3L7 FH G14203 4.00% 04/01/2026 0.00 8.88 0.00
MBS 10/01/2023 10/01/2023 3128MC3L7 FH G14203 4.00% 04/01/2026 0.00 9.34 0.00
MBS 12/01/2023 12/01/2023 3128MFE46 FH G16255 2.50% 07/01/2032 0.00 103.51 0.00
MBS 11/01/2023 11/01/2023 3128MFE46 FH G16255 2.50% 07/01/2032 0.00 105.39 0.00
MBS 10/01/2023 10/01/2023 3128MFE46 FH G16255 2.50% 07/01/2032 0.00 107.68 0.00
MBS 12/01/2023 12/01/2023 31335CC69 FH G61893 3.00% 07/01/2047 0.00 108.62 0.00
MBS 11/01/2023 11/01/2023 31335CC69 FH G61893 3.00% 07/01/2047 0.00 109.28 0.00
MBS 10/01/2023 10/01/2023 31335CC69 FH G61893 3.00% 07/01/2047 0.00 110.07 0.00
MBS 12/01/2023 12/01/2023 31307LNS3 FH J30401 3.00% 01/01/2030 0.00 103.99 0.00
MBS 11/01/2023 11/01/2023 31307LNS3 FH J30401 3.00% 01/01/2030 0.00 107.29 0.00
MBS 10/01/2023 10/01/2023 31307LNS3 FH J30401 3.00% 01/01/2030 0.00 109.68 0.00
MBS 12/01/2023 12/01/2023 3133A0DW1 FH QA5517 3.00% 12/01/2049 0.00 70.73 0.00
MBS 11/01/2023 11/01/2023 3133A0DW1 FH QA5517 3.00% 12/01/2049 0.00 71.00 0.00
MBS 10/01/2023 10/01/2023 3133A0DW1 FH QA5517 3.00% 12/01/2049 0.00 71.74 0.00
MBS 12/01/2023 12/01/2023 3133ANV43 FH QC4235 2.50% 07/01/2051 0.00 481.70 0.00
MBS 11/01/2023 11/01/2023 3133ANV43 FH QC4235 2.50% 07/01/2051 0.00 482.65 0.00
MBS 10/01/2023 10/01/2023 3133ANV43 FH QC4235 2.50% 07/01/2051 0.00 490.87 0.00
MBS 12/01/2023 12/01/2023 3133KGP44 FH RA1343 3.00% 09/01/2049 0.00 89.20 0.00
MBS 11/01/2023 11/01/2023 3133KGP44 FH RA1343 3.00% 09/01/2049 0.00 89.61 0.00
MBS 10/01/2023 10/01/2023 3133KGP44 FH RA1343 3.00% 09/01/2049 0.00 90.18 0.00
MBS 12/01/2023 12/01/2023 3133KYUU1 FH RB5095 2.00% 12/01/2040 0.00 137.46 0.00
MBS 11/01/2023 11/01/2023 3133KYUU1 FH RB5095 2.00% 12/01/2040 0.00 138.29 0.00
MBS 10/01/2023 10/01/2023 3133KYUU1 FH RB5095 2.00% 12/01/2040 0.00 139.10 0.00
MBS 12/01/2023 12/01/2023 3132D6NU0 FH SB8503 2.00% 08/01/2035 0.00 121.77 0.00
MBS 11/01/2023 11/01/2023 3132D6NU0 FH SB8503 2.00% 08/01/2035 0.00 123.10 0.00
MBS 10/01/2023 10/01/2023 3132D6NU0 FH SB8503 2.00% 08/01/2035 0.00 124.45 0.00
Transaction Summary CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD 10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
13
Page 160
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
MBS 12/01/2023 12/01/2023 3132DWA60 FH SD8129 2.50% 02/01/2051 0.00 79.93 0.00
MBS 11/01/2023 11/01/2023 3132DWA60 FH SD8129 2.50% 02/01/2051 0.00 80.45 0.00
MBS 10/01/2023 10/01/2023 3132DWA60 FH SD8129 2.50% 02/01/2051 0.00 80.95 0.00
MBS 12/01/2023 12/01/2023 3132L5B28 FH V80057 3.00% 05/01/2043 0.00 326.58 0.00
MBS 11/01/2023 11/01/2023 3132L5B28 FH V80057 3.00% 05/01/2043 0.00 327.87 0.00
MBS 10/01/2023 10/01/2023 3132L5B28 FH V80057 3.00% 05/01/2043 0.00 330.86 0.00
MBS 12/01/2023 12/01/2023 3133BKTX7 FH QE9566 5.00% 09/01/2052 0.00 152.73 0.00
MBS 11/01/2023 11/01/2023 3133BKTX7 FH QE9566 5.00% 09/01/2052 0.00 152.91 0.00
MBS 10/01/2023 10/01/2023 3133BKTX7 FH QE9566 5.00% 09/01/2052 0.00 153.09 0.00
MBS 12/01/2023 12/01/2023 3133KLAT4 FH RA4518 3.50% 02/01/2051 0.00 161.46 0.00
MBS 11/01/2023 11/01/2023 3133KLAT4 FH RA4518 3.50% 02/01/2051 0.00 161.75 0.00
MBS 10/01/2023 10/01/2023 3133KLAT4 FH RA4518 3.50% 02/01/2051 0.00 162.15 0.00
MBS 12/01/2023 12/01/2023 3133KQK47 FH RA8415 5.50% 01/01/2053 0.00 491.87 0.00
MBS 11/01/2023 11/01/2023 3133KQK47 FH RA8415 5.50% 01/01/2053 0.00 493.87 0.00
MBS 10/01/2023 10/01/2023 3133KQK47 FH RA8415 5.50% 01/01/2053 0.00 495.34 0.00
MBS 12/01/2023 12/01/2023 3132DPCV8 FH SD1884 5.00% 11/01/2052 0.00 57.43 0.00
MBS 11/01/2023 11/01/2023 3132DPCV8 FH SD1884 5.00% 11/01/2052 0.00 57.70 0.00
MBS 10/01/2023 10/01/2023 3132DPCV8 FH SD1884 5.00% 11/01/2052 0.00 57.77 0.00
MBS 12/01/2023 12/01/2023 3132E0VW9 FH SD4229 6.00% 11/01/2053 0.00 100.00 0.00
MBS 12/01/2023 12/01/2023 31416BXA1 FN 995373 4.50% 02/01/2039 0.00 207.06 0.00
MBS 11/01/2023 11/01/2023 31416BXA1 FN 995373 4.50% 02/01/2039 0.00 209.62 0.00
MBS 10/01/2023 10/01/2023 31416BXA1 FN 995373 4.50% 02/01/2039 0.00 211.33 0.00
MBS 12/01/2023 12/01/2023 3138ASR38 FN AJ1405 4.00% 09/01/2041 0.00 455.27 0.00
MBS 11/01/2023 11/01/2023 3138ASR38 FN AJ1405 4.00% 09/01/2041 0.00 461.42 0.00
MBS 10/01/2023 10/01/2023 3138ASR38 FN AJ1405 4.00% 09/01/2041 0.00 472.57 0.00
MBS 12/01/2023 12/01/2023 3138EKRA5 FN AL3180 3.00% 01/01/2043 0.00 207.71 0.00
MBS 11/01/2023 11/01/2023 3138EKRA5 FN AL3180 3.00% 01/01/2043 0.00 209.89 0.00
MBS 10/01/2023 10/01/2023 3138EKRA5 FN AL3180 3.00% 01/01/2043 0.00 210.80 0.00
MBS 12/01/2023 12/01/2023 3138WJM96 FN AS8483 3.00% 12/01/2046 0.00 78.47 0.00
MBS 11/01/2023 11/01/2023 3138WJM96 FN AS8483 3.00% 12/01/2046 0.00 78.96 0.00
MBS 10/01/2023 10/01/2023 3138WJM96 FN AS8483 3.00% 12/01/2046 0.00 79.55 0.00
MBS 12/01/2023 12/01/2023 3138WPSN5 FN AT2324 3.00% 05/01/2043 0.00 223.07 0.00
MBS 11/01/2023 11/01/2023 3138WPSN5 FN AT2324 3.00% 05/01/2043 0.00 224.19 0.00
MBS 10/01/2023 10/01/2023 3138WPSN5 FN AT2324 3.00% 05/01/2043 0.00 225.10 0.00
MBS 12/01/2023 12/01/2023 3140F9WP6 FN BD2453 3.00% 01/01/2047 0.00 139.84 0.00
MBS 11/01/2023 11/01/2023 3140F9WP6 FN BD2453 3.00% 01/01/2047 0.00 140.38 0.00
MBS 10/01/2023 10/01/2023 3140F9WP6 FN BD2453 3.00% 01/01/2047 0.00 141.01 0.00
MBS 12/01/2023 12/01/2023 3140KESQ2 FN BP6826 2.50% 05/01/2050 0.00 105.96 0.00
MBS 11/01/2023 11/01/2023 3140KESQ2 FN BP6826 2.50% 05/01/2050 0.00 106.26 0.00
MBS 10/01/2023 10/01/2023 3140KESQ2 FN BP6826 2.50% 05/01/2050 0.00 106.55 0.00
MBS 12/01/2023 12/01/2023 3140KY2A1 FN BR1668 2.00% 03/01/2051 0.00 328.87 0.00
MBS 11/01/2023 11/01/2023 3140KY2A1 FN BR1668 2.00% 03/01/2051 0.00 331.29 0.00
MBS 10/01/2023 10/01/2023 3140KY2A1 FN BR1668 2.00% 03/01/2051 0.00 332.03 0.00
MBS 12/01/2023 12/01/2023 3140QFS42 FN CA7738 2.50% 11/01/2050 0.00 150.14 0.00
MBS 11/01/2023 11/01/2023 3140QFS42 FN CA7738 2.50% 11/01/2050 0.00 151.30 0.00
MBS 10/01/2023 10/01/2023 3140QFS42 FN CA7738 2.50% 11/01/2050 0.00 151.59 0.00
MBS 12/01/2023 12/01/2023 31418CHG2 FN MA2930 4.00% 03/01/2047 0.00 135.62 0.00
MBS 11/01/2023 11/01/2023 31418CHG2 FN MA2930 4.00% 03/01/2047 0.00 137.07 0.00
MBS 10/01/2023 10/01/2023 31418CHG2 FN MA2930 4.00% 03/01/2047 0.00 137.74 0.00
MBS 12/01/2023 12/01/2023 31418CUA0 FN MA3276 3.50% 02/01/2048 0.00 59.30 0.00
Transaction Summary CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD 10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
14
Page 161
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
MBS 11/01/2023 11/01/2023 31418CUA0 FN MA3276 3.50% 02/01/2048 0.00 59.67 0.00
MBS 10/01/2023 10/01/2023 31418CUA0 FN MA3276 3.50% 02/01/2048 0.00 60.20 0.00
MBS 12/01/2023 12/01/2023 31418CU77 FN MA3305 3.50% 03/01/2048 0.00 109.34 0.00
MBS 11/01/2023 11/01/2023 31418CU77 FN MA3305 3.50% 03/01/2048 0.00 110.00 0.00
MBS 10/01/2023 10/01/2023 31418CU77 FN MA3305 3.50% 03/01/2048 0.00 110.81 0.00
MBS 12/01/2023 12/01/2023 31418DBG6 FN MA3638 4.00% 04/01/2049 0.00 36.69 0.00
MBS 11/01/2023 11/01/2023 31418DBG6 FN MA3638 4.00% 04/01/2049 0.00 36.95 0.00
MBS 10/01/2023 10/01/2023 31418DBG6 FN MA3638 4.00% 04/01/2049 0.00 37.16 0.00
MBS 12/01/2023 12/01/2023 31418DHL9 FN MA3834 3.00% 11/01/2049 0.00 51.20 0.00
MBS 11/01/2023 11/01/2023 31418DHL9 FN MA3834 3.00% 11/01/2049 0.00 51.49 0.00
MBS 10/01/2023 10/01/2023 31418DHL9 FN MA3834 3.00% 11/01/2049 0.00 51.81 0.00
MBS 12/01/2023 12/01/2023 31418DJR4 FN MA3871 3.00% 12/01/2049 0.00 55.34 0.00
MBS 11/01/2023 11/01/2023 31418DJR4 FN MA3871 3.00% 12/01/2049 0.00 55.71 0.00
MBS 10/01/2023 10/01/2023 31418DJR4 FN MA3871 3.00% 12/01/2049 0.00 56.08 0.00
MBS 12/01/2023 12/01/2023 31418DMJ8 FN MA3960 3.00% 03/01/2050 0.00 59.53 0.00
MBS 11/01/2023 11/01/2023 31418DMJ8 FN MA3960 3.00% 03/01/2050 0.00 59.91 0.00
MBS 10/01/2023 10/01/2023 31418DMJ8 FN MA3960 3.00% 03/01/2050 0.00 60.28 0.00
MBS 12/01/2023 12/01/2023 31418D2R2 FN MA4383 2.00% 07/01/2036 0.00 140.83 0.00
MBS 11/01/2023 11/01/2023 31418D2R2 FN MA4383 2.00% 07/01/2036 0.00 142.21 0.00
MBS 10/01/2023 10/01/2023 31418D2R2 FN MA4383 2.00% 07/01/2036 0.00 143.67 0.00
MBS 12/01/2023 12/01/2023 31418D3G5 FN MA4398 2.00% 08/01/2051 0.00 235.99 0.00
MBS 11/01/2023 11/01/2023 31418D3G5 FN MA4398 2.00% 08/01/2051 0.00 237.08 0.00
MBS 10/01/2023 10/01/2023 31418D3G5 FN MA4398 2.00% 08/01/2051 0.00 238.21 0.00
MBS 12/01/2023 12/01/2023 31418D3Y6 FN MA4414 2.50% 09/01/2051 0.00 515.69 0.00
MBS 11/01/2023 11/01/2023 31418D3Y6 FN MA4414 2.50% 09/01/2051 0.00 518.36 0.00
MBS 10/01/2023 10/01/2023 31418D3Y6 FN MA4414 2.50% 09/01/2051 0.00 521.24 0.00
MBS 12/01/2023 12/01/2023 31418D6M9 FN MA4475 2.50% 11/01/2041 0.00 172.29 0.00
MBS 11/01/2023 11/01/2023 31418D6M9 FN MA4475 2.50% 11/01/2041 0.00 172.97 0.00
MBS 10/01/2023 10/01/2023 31418D6M9 FN MA4475 2.50% 11/01/2041 0.00 173.91 0.00
MBS 12/01/2023 12/01/2023 31418D7E6 FN MA4492 2.00% 12/01/2051 0.00 245.99 0.00
MBS 11/01/2023 11/01/2023 31418D7E6 FN MA4492 2.00% 12/01/2051 0.00 247.10 0.00
MBS 10/01/2023 10/01/2023 31418D7E6 FN MA4492 2.00% 12/01/2051 0.00 248.19 0.00
Agency 10/14/2023 10/14/2023 3133EMVU3 FEDERAL FARM CREDIT BANKS
FUNDING CORP 2.50% 04/14/2036
0.00 562.50 0.00
Agency 11/19/2023 11/19/2023 3133EMA44 FEDERAL FARM CREDIT BANKS
FUNDING CORP 2.49% 05/19/2036
0.00 622.50 0.00
MBS 12/01/2023 12/01/2023 3140QL6V3 FN CB1783 2.50% 10/01/2051 0.00 134.05 0.00
MBS 11/01/2023 11/01/2023 3140QL6V3 FN CB1783 2.50% 10/01/2051 0.00 134.62 0.00
MBS 10/01/2023 10/01/2023 3140QL6V3 FN CB1783 2.50% 10/01/2051 0.00 135.53 0.00
MBS 12/01/2023 12/01/2023 3140QPK89 FN CB3918 4.50% 06/01/2052 0.00 82.40 0.00
MBS 11/01/2023 11/01/2023 3140QPK89 FN CB3918 4.50% 06/01/2052 0.00 82.50 0.00
MBS 10/01/2023 10/01/2023 3140QPK89 FN CB3918 4.50% 06/01/2052 0.00 83.39 0.00
MBS 12/01/2023 12/01/2023 3140XF4G3 FN FS0822 2.00% 03/01/2052 0.00 59.28 0.00
MBS 11/01/2023 11/01/2023 3140XF4G3 FN FS0822 2.00% 03/01/2052 0.00 59.66 0.00
MBS 10/01/2023 10/01/2023 3140XF4G3 FN FS0822 2.00% 03/01/2052 0.00 59.97 0.00
MBS 12/01/2023 12/01/2023 31418EB82 FN MA4562 2.00% 03/01/2052 0.00 99.23 0.00
MBS 11/01/2023 11/01/2023 31418EB82 FN MA4562 2.00% 03/01/2052 0.00 99.66 0.00
MBS 10/01/2023 10/01/2023 31418EB82 FN MA4562 2.00% 03/01/2052 0.00 100.12 0.00
MBS 12/01/2023 12/01/2023 31418EQ86 FN MA4978 5.00% 04/01/2053 0.00 238.96 0.00
MBS 11/01/2023 11/01/2023 31418EQ86 FN MA4978 5.00% 04/01/2053 0.00 240.51 0.00
MBS 10/01/2023 10/01/2023 31418EQ86 FN MA4978 5.00% 04/01/2053 0.00 241.51 0.00
Transaction Summary CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD 10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
15
Page 162
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
Corporate Bonds 10/01/2023 10/01/2023 369550BL1 GENERAL DYNAMICS CORP
3.50% 04/01/2027
0.00 875.00 0.00
Corporate Bonds 10/01/2023 10/01/2023 49446RAZ2 KIMCO REALTY OP LLC 3.20%
04/01/2032
0.00 960.00 0.00
Corporate Bonds 10/29/2023 10/29/2023 61746BDQ6 MORGAN STANLEY 3.88%
04/29/2024
0.00 1,937.50 0.00
Corporate Bonds 10/15/2023 10/15/2023 637417AM8 NNN REIT INC 4.80% 10/15/2048 0.00 1,680.00 0.00
Corporate Bonds 11/13/2023 11/13/2023 67077MAX6 NUTRIEN LTD 3.95% 05/13/2050 0.00 1,481.25 0.00
Corporate Bonds 11/15/2023 11/15/2023 718546AL8 PHILLIPS 66 4.88% 11/15/2044 0.00 1,218.75 0.00
Corporate Bonds 12/12/2023 12/12/2023 761713BG0 REYNOLDS AMERICAN INC 4.45%
06/12/2025
0.00 2,225.00 0.00
Corporate Bonds 12/01/2023 12/01/2023 78355HKP3 RYDER SYSTEM INC 2.90%
12/01/2026
0.00 1,450.00 0.00
Corporate Bonds 12/15/2023 12/15/2023 87971MBK8 TELUS CORP 4.30% 06/15/2049 0.00 1,075.00 0.00
U.S. Treasuries 11/15/2023 11/15/2023 912810TG3 UNITED STATES TREASURY
2.88% 05/15/2052
0.00 2,084.38 0.00
U.S. Treasuries 11/15/2023 11/15/2023 912810TR9 UNITED STATES TREASURY
3.63% 05/15/2053
0.00 1,268.75 0.00
U.S. Treasuries 11/15/2023 11/15/2023 912810TS7 UNITED STATES TREASURY
3.88% 05/15/2043
0.00 1,356.25 0.00
U.S. Treasuries 10/31/2023 10/31/2023 91282CEM9 UNITED STATES TREASURY
2.88% 04/30/2029
0.00 503.13 0.00
U.S. Treasuries 10/31/2023 10/31/2023 91282CHA2 UNITED STATES TREASURY
3.50% 04/30/2028
0.00 2,100.00 0.00
U.S. Treasuries 11/15/2023 11/15/2023 91282CEP2 UNITED STATES TREASURY
2.88% 05/15/2032
0.00 2,300.00 0.00
U.S. Treasuries 11/15/2023 11/15/2023 91282CHC8 UNITED STATES TREASURY
3.38% 05/15/2033
0.00 1,687.50 0.00
U.S. Treasuries 11/15/2023 11/15/2023 91282CHB0 UNITED STATES TREASURY
3.63% 05/15/2026
0.00 2,175.00 0.00
U.S. Treasuries 11/30/2023 11/30/2023 91282CHE4 UNITED STATES TREASURY
3.63% 05/31/2028
0.00 1,359.38 0.00
U.S. Treasuries 11/30/2023 11/30/2023 91282CHF1 UNITED STATES TREASURY
3.75% 05/31/2030
0.00 937.50 0.00
U.S. Treasuries 12/15/2023 12/15/2023 91282CHH7 UNITED STATES TREASURY
4.13% 06/15/2026
0.00 1,650.00 0.00
U.S. Treasuries 12/31/2023 12/31/2023 91282CEV9 UNITED STATES TREASURY
3.25% 06/30/2029
0.00 812.50 0.00
U.S. Treasuries 12/31/2023 12/31/2023 91282CHJ3 UNITED STATES TREASURY
3.75% 06/30/2030
0.00 375.00 0.00
U.S. Treasuries 11/15/2023 11/15/2023 912810RB6 UNITED STATES TREASURY
2.88% 05/15/2043
0.00 1,365.63 0.00
U.S. Treasuries 11/15/2023 11/15/2023 912810SH2 UNITED STATES TREASURY
2.88% 05/15/2049
0.00 646.88 0.00
U.S. Treasuries 11/15/2023 11/15/2023 912810SN9 UNITED STATES TREASURY
1.25% 05/15/2050
0.00 93.75 0.00
U.S. Treasuries 11/15/2023 11/15/2023 912810TB4 UNITED STATES TREASURY
1.88% 11/15/2051
0.00 140.63 0.00
U.S. Treasuries 11/15/2023 11/15/2023 912810SS8 UNITED STATES TREASURY
1.63% 11/15/2050
0.00 609.38 0.00
U.S. Treasuries 10/16/2023 10/16/2023 91282CBV2 UNITED STATES TREASURY
0.38% 04/15/2024
0.00 187.50 0.00
U.S. Treasuries 11/15/2023 11/15/2023 912828ZQ6 UNITED STATES TREASURY
0.63% 05/15/2030
0.00 31.25 0.00
U.S. Treasuries 11/15/2023 11/15/2023 912828R36 UNITED STATES TREASURY
1.63% 05/15/2026
0.00 609.38 0.00
U.S. Treasuries 11/15/2023 11/15/2023 91282CCC3 UNITED STATES TREASURY
0.25% 05/15/2024
0.00 125.00 0.00
Transaction Summary CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD 10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
16
Page 163
Money Market Funds
Maturity
Principal Paydown
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
U.S. Treasuries 11/15/2023 11/15/2023 91282CCB5 UNITED STATES TREASURY
1.63% 05/15/2031
0.00 446.88 0.00
U.S. Treasuries 12/31/2023 12/31/2023 912828XZ8 UNITED STATES TREASURY
2.75% 06/30/2025
0.00 1,031.25 0.00
U.S. Treasuries 11/15/2023 11/15/2023 9128285M8 UNITED STATES TREASURY
3.13% 11/15/2028
0.00 1,562.50 0.00
U.S. Treasuries 11/15/2023 11/15/2023 912828YS3 UNITED STATES TREASURY
1.75% 11/15/2029
0.00 918.75 0.00
U.S. Treasuries 11/15/2023 11/15/2023 91282CAW1 UNITED STATES TREASURY
0.25% 11/15/2023
0.00 18.75 0.00
U.S. Treasuries 11/15/2023 11/15/2023 91282CAV3 UNITED STATES TREASURY
0.88% 11/15/2030
0.00 546.88 0.00
U.S. Treasuries 11/30/2023 11/30/2023 91282CAZ4 UNITED STATES TREASURY
0.38% 11/30/2025
0.00 196.88 0.00
U.S. Treasuries 11/30/2023 11/30/2023 912828YV6 UNITED STATES TREASURY
1.50% 11/30/2024
0.00 1,275.00 0.00
---------------0.00 68,994.74 0.00
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
Cash 10/31/2023 10/31/2023 94975P405 ALLSPRING:GOVT MM I 0.00 4,404.48 0.00
Cash 11/30/2023 11/30/2023 94975P405 ALLSPRING:GOVT MM I 0.00 4,534.55 0.00
Cash 12/29/2023 12/29/2023 94975P405 ALLSPRING:GOVT MM I 0.00 5,005.68 0.00
---------94975P405 ---0.00 13,944.71 0.00
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
U.S. Treasuries 11/15/2023 11/15/2023 91282CAW1 UNITED STATES TREASURY
0.25% 11/15/2023
15,000.00 15,000.00 0.00
---11/15/2023 11/15/2023 91282CAW1 ---15,000.00 15,000.00 0.00
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
MBS 10/01/2023 10/01/2023 3128P7MT7 FH C91270 4.50% 10/01/2029 667.46 667.46 0.00
MBS 11/01/2023 11/01/2023 3128P7MT7 FH C91270 4.50% 10/01/2029 959.34 959.34 0.00
MBS 12/01/2023 12/01/2023 3128P7MT7 FH C91270 4.50% 10/01/2029 611.88 611.88 0.00
MBS 10/01/2023 10/01/2023 3128MJYU8 FH G08722 3.50% 09/01/2046 427.60 427.60 0.00
MBS 11/01/2023 11/01/2023 3128MJYU8 FH G08722 3.50% 09/01/2046 382.99 382.99 0.00
MBS 12/01/2023 12/01/2023 3128MJYU8 FH G08722 3.50% 09/01/2046 569.88 569.88 0.00
MBS 10/01/2023 10/01/2023 3128MC3L7 FH G14203 4.00% 04/01/2026 137.11 137.11 0.00
MBS 11/01/2023 11/01/2023 3128MC3L7 FH G14203 4.00% 04/01/2026 136.31 136.31 0.00
MBS 12/01/2023 12/01/2023 3128MC3L7 FH G14203 4.00% 04/01/2026 141.19 141.19 0.00
MBS 10/01/2023 10/01/2023 3128MFE46 FH G16255 2.50% 07/01/2032 1,101.87 1,101.87 0.00
MBS 11/01/2023 11/01/2023 3128MFE46 FH G16255 2.50% 07/01/2032 899.67 899.67 0.00
MBS 12/01/2023 12/01/2023 3128MFE46 FH G16255 2.50% 07/01/2032 896.84 896.84 0.00
MBS 10/01/2023 10/01/2023 31335CC69 FH G61893 3.00% 07/01/2047 312.58 312.58 0.00
MBS 11/01/2023 11/01/2023 31335CC69 FH G61893 3.00% 07/01/2047 267.24 267.24 0.00
MBS 12/01/2023 12/01/2023 31335CC69 FH G61893 3.00% 07/01/2047 248.63 248.63 0.00
MBS 10/01/2023 10/01/2023 31307LNS3 FH J30401 3.00% 01/01/2030 956.80 956.80 0.00
MBS 11/01/2023 11/01/2023 31307LNS3 FH J30401 3.00% 01/01/2030 1,322.88 1,322.88 0.00
Transaction Summary CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD 10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
17
Page 164
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
MBS 12/01/2023 12/01/2023 31307LNS3 FH J30401 3.00% 01/01/2030 1,546.52 1,546.52 0.00
MBS 10/01/2023 10/01/2023 3133A0DW1 FH QA5517 3.00% 12/01/2049 297.30 297.30 0.00
MBS 11/01/2023 11/01/2023 3133A0DW1 FH QA5517 3.00% 12/01/2049 105.99 105.99 0.00
MBS 12/01/2023 12/01/2023 3133A0DW1 FH QA5517 3.00% 12/01/2049 62.71 62.71 0.00
MBS 10/01/2023 10/01/2023 3133ANV43 FH QC4235 2.50% 07/01/2051 3,950.03 3,950.03 0.00
MBS 11/01/2023 11/01/2023 3133ANV43 FH QC4235 2.50% 07/01/2051 452.60 452.60 0.00
MBS 12/01/2023 12/01/2023 3133ANV43 FH QC4235 2.50% 07/01/2051 474.53 474.53 0.00
MBS 10/01/2023 10/01/2023 3133KGP44 FH RA1343 3.00% 09/01/2049 229.62 229.62 0.00
MBS 11/01/2023 11/01/2023 3133KGP44 FH RA1343 3.00% 09/01/2049 163.89 163.89 0.00
MBS 12/01/2023 12/01/2023 3133KGP44 FH RA1343 3.00% 09/01/2049 233.92 233.92 0.00
MBS 10/01/2023 10/01/2023 3133KYUU1 FH RB5095 2.00% 12/01/2040 491.06 491.06 0.00
MBS 11/01/2023 11/01/2023 3133KYUU1 FH RB5095 2.00% 12/01/2040 496.77 496.77 0.00
MBS 12/01/2023 12/01/2023 3133KYUU1 FH RB5095 2.00% 12/01/2040 549.28 549.28 0.00
MBS 10/01/2023 10/01/2023 3132D6NU0 FH SB8503 2.00% 08/01/2035 808.98 808.98 0.00
MBS 11/01/2023 11/01/2023 3132D6NU0 FH SB8503 2.00% 08/01/2035 794.07 794.07 0.00
MBS 12/01/2023 12/01/2023 3132D6NU0 FH SB8503 2.00% 08/01/2035 710.72 710.72 0.00
MBS 10/01/2023 10/01/2023 3132DWA60 FH SD8129 2.50% 02/01/2051 239.21 239.21 0.00
MBS 11/01/2023 11/01/2023 3132DWA60 FH SD8129 2.50% 02/01/2051 252.33 252.33 0.00
MBS 12/01/2023 12/01/2023 3132DWA60 FH SD8129 2.50% 02/01/2051 183.02 183.02 0.00
MBS 10/01/2023 10/01/2023 3132L5B28 FH V80057 3.00% 05/01/2043 1,198.08 1,198.08 0.00
MBS 11/01/2023 11/01/2023 3132L5B28 FH V80057 3.00% 05/01/2043 514.22 514.22 0.00
MBS 12/01/2023 12/01/2023 3132L5B28 FH V80057 3.00% 05/01/2043 1,400.08 1,400.08 0.00
MBS 10/01/2023 10/01/2023 3133BKTX7 FH QE9566 5.00% 09/01/2052 43.91 43.91 0.00
MBS 11/01/2023 11/01/2023 3133BKTX7 FH QE9566 5.00% 09/01/2052 42.14 42.14 0.00
MBS 12/01/2023 12/01/2023 3133BKTX7 FH QE9566 5.00% 09/01/2052 42.73 42.73 0.00
MBS 10/01/2023 10/01/2023 3133KLAT4 FH RA4518 3.50% 02/01/2051 134.37 134.37 0.00
MBS 11/01/2023 11/01/2023 3133KLAT4 FH RA4518 3.50% 02/01/2051 101.50 101.50 0.00
MBS 12/01/2023 12/01/2023 3133KLAT4 FH RA4518 3.50% 02/01/2051 412.97 412.97 0.00
MBS 10/01/2023 10/01/2023 3133KQK47 FH RA8415 5.50% 01/01/2053 319.77 319.77 0.00
MBS 11/01/2023 11/01/2023 3133KQK47 FH RA8415 5.50% 01/01/2053 438.64 438.64 0.00
MBS 12/01/2023 12/01/2023 3133KQK47 FH RA8415 5.50% 01/01/2053 468.84 468.84 0.00
MBS 10/01/2023 10/01/2023 3132DPCV8 FH SD1884 5.00% 11/01/2052 16.62 16.62 0.00
MBS 11/01/2023 11/01/2023 3132DPCV8 FH SD1884 5.00% 11/01/2052 65.59 65.59 0.00
MBS 12/01/2023 12/01/2023 3132DPCV8 FH SD1884 5.00% 11/01/2052 16.23 16.23 0.00
MBS 12/01/2023 12/01/2023 3132E0VW9 FH SD4229 6.00% 11/01/2053 25.20 25.20 0.00
MBS 10/01/2023 10/01/2023 31416BXA1 FN 995373 4.50% 02/01/2039 456.84 456.84 0.00
MBS 11/01/2023 11/01/2023 31416BXA1 FN 995373 4.50% 02/01/2039 681.48 681.48 0.00
MBS 12/01/2023 12/01/2023 31416BXA1 FN 995373 4.50% 02/01/2039 413.96 413.96 0.00
MBS 10/01/2023 10/01/2023 3138ASR38 FN AJ1405 4.00% 09/01/2041 3,344.24 3,344.24 0.00
MBS 11/01/2023 11/01/2023 3138ASR38 FN AJ1405 4.00% 09/01/2041 1,844.76 1,844.76 0.00
MBS 12/01/2023 12/01/2023 3138ASR38 FN AJ1405 4.00% 09/01/2041 635.17 635.18 0.00
MBS 10/01/2023 10/01/2023 3138EKRA5 FN AL3180 3.00% 01/01/2043 365.70 365.70 0.00
MBS 11/01/2023 11/01/2023 3138EKRA5 FN AL3180 3.00% 01/01/2043 871.31 871.31 0.00
MBS 12/01/2023 12/01/2023 3138EKRA5 FN AL3180 3.00% 01/01/2043 892.78 892.78 0.00
MBS 10/01/2023 10/01/2023 3138WJM96 FN AS8483 3.00% 12/01/2046 232.51 232.51 0.00
MBS 11/01/2023 11/01/2023 3138WJM96 FN AS8483 3.00% 12/01/2046 197.22 197.22 0.00
MBS 12/01/2023 12/01/2023 3138WJM96 FN AS8483 3.00% 12/01/2046 185.75 185.75 0.00
MBS 10/01/2023 10/01/2023 3138WPSN5 FN AT2324 3.00% 05/01/2043 363.58 363.58 0.00
MBS 11/01/2023 11/01/2023 3138WPSN5 FN AT2324 3.00% 05/01/2043 450.09 450.09 0.00
MBS 12/01/2023 12/01/2023 3138WPSN5 FN AT2324 3.00% 05/01/2043 345.56 345.56 0.00
Transaction Summary CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD 10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
18
Page 165
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
MBS 10/01/2023 10/01/2023 3140F9WP6 FN BD2453 3.00% 01/01/2047 252.95 252.95 0.00
MBS 11/01/2023 11/01/2023 3140F9WP6 FN BD2453 3.00% 01/01/2047 216.12 216.12 0.00
MBS 12/01/2023 12/01/2023 3140F9WP6 FN BD2453 3.00% 01/01/2047 333.19 333.19 0.00
MBS 10/01/2023 10/01/2023 3140KESQ2 FN BP6826 2.50% 05/01/2050 139.00 139.00 0.00
MBS 11/01/2023 11/01/2023 3140KESQ2 FN BP6826 2.50% 05/01/2050 141.00 141.00 0.00
MBS 12/01/2023 12/01/2023 3140KESQ2 FN BP6826 2.50% 05/01/2050 140.59 140.59 0.00
MBS 10/01/2023 10/01/2023 3140KY2A1 FN BR1668 2.00% 03/01/2051 446.31 446.31 0.00
MBS 11/01/2023 11/01/2023 3140KY2A1 FN BR1668 2.00% 03/01/2051 1,454.92 1,454.92 0.00
MBS 12/01/2023 12/01/2023 3140KY2A1 FN BR1668 2.00% 03/01/2051 442.79 442.79 0.00
MBS 10/01/2023 10/01/2023 3140QFS42 FN CA7738 2.50% 11/01/2050 142.95 142.95 0.00
MBS 11/01/2023 11/01/2023 3140QFS42 FN CA7738 2.50% 11/01/2050 554.34 554.34 0.00
MBS 12/01/2023 12/01/2023 3140QFS42 FN CA7738 2.50% 11/01/2050 876.78 876.78 0.00
MBS 10/01/2023 10/01/2023 31418CHG2 FN MA2930 4.00% 03/01/2047 201.35 201.35 0.00
MBS 11/01/2023 11/01/2023 31418CHG2 FN MA2930 4.00% 03/01/2047 434.50 434.50 0.00
MBS 12/01/2023 12/01/2023 31418CHG2 FN MA2930 4.00% 03/01/2047 255.30 255.30 0.00
MBS 10/01/2023 10/01/2023 31418CUA0 FN MA3276 3.50% 02/01/2048 178.57 178.57 0.00
MBS 11/01/2023 11/01/2023 31418CUA0 FN MA3276 3.50% 02/01/2048 128.61 128.61 0.00
MBS 12/01/2023 12/01/2023 31418CUA0 FN MA3276 3.50% 02/01/2048 157.67 157.67 0.00
MBS 10/01/2023 10/01/2023 31418CU77 FN MA3305 3.50% 03/01/2048 277.42 277.42 0.00
MBS 11/01/2023 11/01/2023 31418CU77 FN MA3305 3.50% 03/01/2048 225.41 225.41 0.00
MBS 12/01/2023 12/01/2023 31418CU77 FN MA3305 3.50% 03/01/2048 266.24 266.24 0.00
MBS 10/01/2023 10/01/2023 31418DBG6 FN MA3638 4.00% 04/01/2049 62.34 62.34 0.00
MBS 11/01/2023 11/01/2023 31418DBG6 FN MA3638 4.00% 04/01/2049 77.30 77.30 0.00
MBS 12/01/2023 12/01/2023 31418DBG6 FN MA3638 4.00% 04/01/2049 68.70 68.70 0.00
MBS 10/01/2023 10/01/2023 31418DHL9 FN MA3834 3.00% 11/01/2049 128.21 128.21 0.00
MBS 11/01/2023 11/01/2023 31418DHL9 FN MA3834 3.00% 11/01/2049 118.50 118.50 0.00
MBS 12/01/2023 12/01/2023 31418DHL9 FN MA3834 3.00% 11/01/2049 125.53 125.53 0.00
MBS 10/01/2023 10/01/2023 31418DJR4 FN MA3871 3.00% 12/01/2049 146.66 146.66 0.00
MBS 11/01/2023 11/01/2023 31418DJR4 FN MA3871 3.00% 12/01/2049 150.53 150.54 0.00
MBS 12/01/2023 12/01/2023 31418DJR4 FN MA3871 3.00% 12/01/2049 132.97 132.97 0.00
MBS 10/01/2023 10/01/2023 31418DMJ8 FN MA3960 3.00% 03/01/2050 148.33 148.33 0.00
MBS 11/01/2023 11/01/2023 31418DMJ8 FN MA3960 3.00% 03/01/2050 149.57 149.57 0.00
MBS 12/01/2023 12/01/2023 31418DMJ8 FN MA3960 3.00% 03/01/2050 139.04 139.04 0.00
MBS 10/01/2023 10/01/2023 31418D2R2 FN MA4383 2.00% 07/01/2036 877.56 877.56 0.00
MBS 11/01/2023 11/01/2023 31418D2R2 FN MA4383 2.00% 07/01/2036 825.41 825.41 0.00
MBS 12/01/2023 12/01/2023 31418D2R2 FN MA4383 2.00% 07/01/2036 766.52 766.52 0.00
MBS 10/01/2023 10/01/2023 31418D3G5 FN MA4398 2.00% 08/01/2051 675.96 675.96 0.00
MBS 11/01/2023 11/01/2023 31418D3G5 FN MA4398 2.00% 08/01/2051 654.93 654.93 0.00
MBS 12/01/2023 12/01/2023 31418D3G5 FN MA4398 2.00% 08/01/2051 622.22 622.22 0.00
MBS 10/01/2023 10/01/2023 31418D3Y6 FN MA4414 2.50% 09/01/2051 1,384.69 1,384.69 0.00
MBS 11/01/2023 11/01/2023 31418D3Y6 FN MA4414 2.50% 09/01/2051 1,281.77 1,281.77 0.00
MBS 12/01/2023 12/01/2023 31418D3Y6 FN MA4414 2.50% 09/01/2051 1,184.44 1,184.44 0.00
MBS 10/01/2023 10/01/2023 31418D6M9 FN MA4475 2.50% 11/01/2041 454.24 454.24 0.00
MBS 11/01/2023 11/01/2023 31418D6M9 FN MA4475 2.50% 11/01/2041 324.31 324.31 0.00
MBS 12/01/2023 12/01/2023 31418D6M9 FN MA4475 2.50% 11/01/2041 1,180.52 1,180.52 0.00
MBS 10/01/2023 10/01/2023 31418D7E6 FN MA4492 2.00% 12/01/2051 657.90 657.90 0.00
MBS 11/01/2023 11/01/2023 31418D7E6 FN MA4492 2.00% 12/01/2051 661.44 661.44 0.00
MBS 12/01/2023 12/01/2023 31418D7E6 FN MA4492 2.00% 12/01/2051 630.90 630.90 0.00
MBS 10/01/2023 10/01/2023 3140QL6V3 FN CB1783 2.50% 10/01/2051 434.67 434.67 0.00
MBS 11/01/2023 11/01/2023 3140QL6V3 FN CB1783 2.50% 10/01/2051 271.23 271.23 0.00
Transaction Summary CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD 10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
19
Page 166
Sell
Summary
* Grouped by: Transaction Type. * Groups Sorted by: Sector. * Filtered By: Security Type Including Dividend ¹ "MMFUND". * Showing transactions with Trade Date within selected date range. * Weighted by: Absolute Value of Base Principal. * MMF transactions are
expanded.
* Sector = IF([APCM Sectors - Fixed Income (Transaction)]='Funds',[Manual Asset Class],[APCM Sectors - Fixed Income (Transaction)]). * Description = IF([Transaction Type]='Management Fee', [Custody Description], IF(Empty([Maturity])OR([Manual Asset Class]='Cash'),
[Description], concat([Description],' ', TEXTNUMBER([Coupon],'0.00'),'% ',TEXTDATE([Maturity],'MM/dd/yyyy')))). * Quantity = ABS([Current Units (With Summary)]), Summary Calculation: Sum. * Trade Amount = ABS([Trade Amount]+[Accrued Interest]), Summary Calculation:
Sum. * Accrued Interest = ABS([Accrued Interest (Original)]), Summary Calculation: Sum.
* The Transaction Detail/Trading Activity reports provide our most up-to-date transactional details. As such, these reports are subject to change even after the other reports on the website have been locked down. While these reports can be useful tools in understanding recent activity,
due to their dynamic nature we do not recommend using them for booking journal entries or reconciliation.
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
MBS 12/01/2023 12/01/2023 3140QL6V3 FN CB1783 2.50% 10/01/2051 532.97 532.97 0.00
MBS 10/01/2023 10/01/2023 3140QPK89 FN CB3918 4.50% 06/01/2052 236.73 236.73 0.00
MBS 11/01/2023 11/01/2023 3140QPK89 FN CB3918 4.50% 06/01/2052 28.04 28.04 0.00
MBS 12/01/2023 12/01/2023 3140QPK89 FN CB3918 4.50% 06/01/2052 28.04 28.04 0.00
MBS 10/01/2023 10/01/2023 3140XF4G3 FN FS0822 2.00% 03/01/2052 185.62 185.62 0.00
MBS 11/01/2023 11/01/2023 3140XF4G3 FN FS0822 2.00% 03/01/2052 224.36 224.36 0.00
MBS 12/01/2023 12/01/2023 3140XF4G3 FN FS0822 2.00% 03/01/2052 153.95 153.95 0.00
MBS 10/01/2023 10/01/2023 31418EB82 FN MA4562 2.00% 03/01/2052 279.78 279.78 0.00
MBS 11/01/2023 11/01/2023 31418EB82 FN MA4562 2.00% 03/01/2052 254.40 254.40 0.00
MBS 12/01/2023 12/01/2023 31418EB82 FN MA4562 2.00% 03/01/2052 215.31 215.31 0.00
MBS 10/01/2023 10/01/2023 31418EQ86 FN MA4978 5.00% 04/01/2053 241.09 241.09 0.00
MBS 11/01/2023 11/01/2023 31418EQ86 FN MA4978 5.00% 04/01/2053 371.98 371.98 0.00
MBS 12/01/2023 12/01/2023 31418EQ86 FN MA4978 5.00% 04/01/2053 256.42 256.42 0.00
---------------63,215.72 63,215.77 0.00
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
U.S. Large Cap Equity 10/31/2023 11/02/2023 78462F103 SPDR S&P 500 ETF 711.00 295,556.07 0.00
U.S. Treasuries 12/21/2023 12/26/2023 91282CDV0 UNITED STATES TREASURY
0.88% 01/31/2024
30,000.00 29,866.41 105.57
---------------30,711.00 325,422.48 105.57
Sector Trade Date Settle Date CUSIP Description Quantity Trade Amount Accrued Interest
---------------488,472.16 1,109,754.29 1,709.38
Transaction Summary CITY OF KENAI PERMANENT FUNDS
(350286)
Base Currency: USD 10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
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Date Quantity Identifier Description Book Value Principal Amount Net Realized Gain/Loss
10/16/2023 667.46 3128P7MT7 FH C91270 4.50% 10/01/2029 -697.58 667.46 -30.12
10/16/2023 137.11 3128MC3L7 FH G14203 4.00% 04/01/2026 -139.59 137.11 -2.48
10/16/2023 1,198.08 3132L5B28 FH V80057 3.00% 05/01/2043 -1,201.15 1,198.08 -3.07
10/16/2023 427.60 3128MJYU8 FH G08722 3.50% 09/01/2046 -446.82 427.60 -19.22
10/16/2023 956.80 31307LNS3 FH J30401 3.00% 01/01/2030 -966.29 956.80 -9.49
10/16/2023 312.58 31335CC69 FH G61893 3.00% 07/01/2047 -318.88 312.58 -6.30
10/16/2023 1,101.87 3128MFE46 FH G16255 2.50% 07/01/2032 -1,098.69 1,101.87 3.18
10/25/2023 456.84 31416BXA1 FN 995373 4.50% 02/01/2039 -493.37 456.84 -36.53
10/25/2023 232.51 3138WJM96 FN AS8483 3.00% 12/01/2046 -244.67 232.51 -12.16
10/25/2023 252.95 3140F9WP6 FN BD2453 3.00% 01/01/2047 -252.70 252.95 0.25
10/25/2023 201.35 31418CHG2 FN MA2930 4.00% 03/01/2047 -219.78 201.35 -18.43
10/25/2023 178.57 31418CUA0 FN MA3276 3.50% 02/01/2048 -205.90 178.57 -27.33
10/25/2023 277.42 31418CU77 FN MA3305 3.50% 03/01/2048 -298.40 277.42 -20.98
10/25/2023 62.34 31418DBG6 FN MA3638 4.00% 04/01/2049 -69.03 62.34 -6.69
10/25/2023 229.62 3133KGP44 FH RA1343 3.00% 09/01/2049 -248.26 229.62 -18.64
10/25/2023 128.21 31418DHL9 FN MA3834 3.00% 11/01/2049 -134.82 128.21 -6.61
10/25/2023 146.66 31418DJR4 FN MA3871 3.00% 12/01/2049 -153.81 146.66 -7.15
10/25/2023 148.33 31418DMJ8 FN MA3960 3.00% 03/01/2050 -156.98 148.33 -8.65
10/25/2023 3,344.24 3138ASR38 FN AJ1405 4.00% 09/01/2041 -3,550.64 3,344.24 -206.40
10/25/2023 808.98 3132D6NU0 FH SB8503 2.00% 08/01/2035 -830.21 808.98 -21.23
10/25/2023 491.06 3133KYUU1 FH RB5095 2.00% 12/01/2040 -508.73 491.06 -17.67
10/25/2023 142.95 3140QFS42 FN CA7738 2.50% 11/01/2050 -152.58 142.95 -9.63
10/25/2023 239.21 3132DWA60 FH SD8129 2.50% 02/01/2051 -203.64 239.21 35.57
10/25/2023 363.58 3138WPSN5 FN AT2324 3.00% 05/01/2043 -364.50 363.58 -0.92
10/25/2023 877.56 31418D2R2 FN MA4383 2.00% 07/01/2036 -796.18 877.56 81.38
10/25/2023 675.96 31418D3G5 FN MA4398 2.00% 08/01/2051 -536.28 675.96 139.68
10/25/2023 1,384.69 31418D3Y6 FN MA4414 2.50% 09/01/2051 -1,191.82 1,384.69 192.87
10/25/2023 657.90 31418D7E6 FN MA4492 2.00% 12/01/2051 -521.76 657.90 136.14
10/25/2023 446.31 3140KY2A1 FN BR1668 2.00% 03/01/2051 -444.26 446.31 2.05
10/25/2023 454.24 31418D6M9 FN MA4475 2.50% 11/01/2041 -469.20 454.24 -14.96
10/25/2023 279.78 31418EB82 FN MA4562 2.00% 03/01/2052 -235.77 279.78 44.01
10/25/2023 365.70 3138EKRA5 FN AL3180 3.00% 01/01/2043 -366.65 365.70 -0.95
10/25/2023 236.73 3140QPK89 FN CB3918 4.50% 06/01/2052 -228.57 236.73 8.16
10/25/2023 43.91 3133BKTX7 FH QE9566 5.00% 09/01/2052 -43.38 43.91 0.53
10/25/2023 16.62 3132DPCV8 FH SD1884 5.00% 11/01/2052 -16.66 16.62 -0.04
10/25/2023 319.77 3133KQK47 FH RA8415 5.50% 01/01/2053 -324.52 319.77 -4.75
10/25/2023 241.09 31418EQ86 FN MA4978 5.00% 04/01/2053 -239.52 241.09 1.57
10/25/2023 134.37 3133KLAT4 FH RA4518 3.50% 02/01/2051 -122.64 134.37 11.73
10/25/2023 185.62 3140XF4G3 FN FS0822 2.00% 03/01/2052 -165.07 185.62 20.55
10/25/2023 297.30 3133A0DW1 FH QA5517 3.00% 12/01/2049 -312.28 297.30 -14.98
10/25/2023 434.67 3140QL6V3 FN CB1783 2.50% 10/01/2051 -400.95 434.67 33.72
10/25/2023 139.00 3140KESQ2 FN BP6826 2.50% 05/01/2050 -148.74 139.00 -9.74
10/25/2023 3,950.03 3133ANV43 FH QC4235 2.50% 07/01/2051 -4,047.10 3,950.03 -97.07
10/31/2023 711.00 78462F103 SPDR S&P 500 ETF -141,494.33 295,556.07 154,061.74
11/15/2023 959.34 3128P7MT7 FH C91270 4.50% 10/01/2029 -1,002.08 959.34 -42.74
11/15/2023 136.31 3128MC3L7 FH G14203 4.00% 04/01/2026 -138.68 136.31 -2.37
11/15/2023 514.22 3132L5B28 FH V80057 3.00% 05/01/2043 -515.53 514.22 -1.31
11/15/2023 382.99 3128MJYU8 FH G08722 3.50% 09/01/2046 -400.17 382.99 -17.18
11/15/2023 1,322.88 31307LNS3 FH J30401 3.00% 01/01/2030 -1,335.82 1,322.88 -12.94
11/15/2023 267.24 31335CC69 FH G61893 3.00% 07/01/2047 -272.61 267.24 -5.37
Realized Gains and Losses CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
21
Page 168
Date Quantity Identifier Description Book Value Principal Amount Net Realized Gain/Loss
11/15/2023 899.67 3128MFE46 FH G16255 2.50% 07/01/2032 -897.08 899.67 2.59
11/15/2023 15,000.00 91282CAW1 UNITED STATES TREASURY
0.25% 11/15/2023
-15,000.00 15,000.00 0.00
11/27/2023 681.48 31416BXA1 FN 995373 4.50% 02/01/2039 -735.73 681.48 -54.25
11/27/2023 197.22 3138WJM96 FN AS8483 3.00% 12/01/2046 -207.51 197.22 -10.29
11/27/2023 216.12 3140F9WP6 FN BD2453 3.00% 01/01/2047 -215.92 216.12 0.20
11/27/2023 434.50 31418CHG2 FN MA2930 4.00% 03/01/2047 -474.17 434.50 -39.67
11/27/2023 128.61 31418CUA0 FN MA3276 3.50% 02/01/2048 -148.25 128.61 -19.64
11/27/2023 225.41 31418CU77 FN MA3305 3.50% 03/01/2048 -242.42 225.41 -17.01
11/27/2023 77.30 31418DBG6 FN MA3638 4.00% 04/01/2049 -85.58 77.30 -8.28
11/27/2023 163.89 3133KGP44 FH RA1343 3.00% 09/01/2049 -177.18 163.89 -13.29
11/27/2023 118.50 31418DHL9 FN MA3834 3.00% 11/01/2049 -124.61 118.50 -6.11
11/27/2023 150.53 31418DJR4 FN MA3871 3.00% 12/01/2049 -157.86 150.54 -7.32
11/27/2023 149.57 31418DMJ8 FN MA3960 3.00% 03/01/2050 -158.28 149.57 -8.71
11/27/2023 1,844.76 3138ASR38 FN AJ1405 4.00% 09/01/2041 -1,958.22 1,844.76 -113.46
11/27/2023 794.07 3132D6NU0 FH SB8503 2.00% 08/01/2035 -814.79 794.07 -20.72
11/27/2023 496.77 3133KYUU1 FH RB5095 2.00% 12/01/2040 -514.59 496.77 -17.82
11/27/2023 554.34 3140QFS42 FN CA7738 2.50% 11/01/2050 -591.59 554.34 -37.25
11/27/2023 252.33 3132DWA60 FH SD8129 2.50% 02/01/2051 -214.86 252.33 37.47
11/27/2023 450.09 3138WPSN5 FN AT2324 3.00% 05/01/2043 -451.22 450.09 -1.13
11/27/2023 825.41 31418D2R2 FN MA4383 2.00% 07/01/2036 -749.22 825.41 76.19
11/27/2023 654.93 31418D3G5 FN MA4398 2.00% 08/01/2051 -519.82 654.93 135.11
11/27/2023 1,281.77 31418D3Y6 FN MA4414 2.50% 09/01/2051 -1,103.56 1,281.77 178.21
11/27/2023 661.44 31418D7E6 FN MA4492 2.00% 12/01/2051 -524.86 661.44 136.58
11/27/2023 1,454.92 3140KY2A1 FN BR1668 2.00% 03/01/2051 -1,448.24 1,454.92 6.68
11/27/2023 324.31 31418D6M9 FN MA4475 2.50% 11/01/2041 -334.95 324.31 -10.64
11/27/2023 254.40 31418EB82 FN MA4562 2.00% 03/01/2052 -214.48 254.40 39.92
11/27/2023 871.31 3138EKRA5 FN AL3180 3.00% 01/01/2043 -873.58 871.31 -2.27
11/27/2023 28.04 3140QPK89 FN CB3918 4.50% 06/01/2052 -27.07 28.04 0.97
11/27/2023 42.14 3133BKTX7 FH QE9566 5.00% 09/01/2052 -41.64 42.14 0.50
11/27/2023 65.59 3132DPCV8 FH SD1884 5.00% 11/01/2052 -65.78 65.59 -0.19
11/27/2023 438.64 3133KQK47 FH RA8415 5.50% 01/01/2053 -445.11 438.64 -6.47
11/27/2023 371.98 31418EQ86 FN MA4978 5.00% 04/01/2053 -369.57 371.98 2.41
11/27/2023 101.50 3133KLAT4 FH RA4518 3.50% 02/01/2051 -92.66 101.50 8.84
11/27/2023 224.36 3140XF4G3 FN FS0822 2.00% 03/01/2052 -199.58 224.36 24.78
11/27/2023 105.99 3133A0DW1 FH QA5517 3.00% 12/01/2049 -111.32 105.99 -5.33
11/27/2023 271.23 3140QL6V3 FN CB1783 2.50% 10/01/2051 -250.23 271.23 21.00
11/27/2023 141.00 3140KESQ2 FN BP6826 2.50% 05/01/2050 -150.86 141.00 -9.86
11/27/2023 452.60 3133ANV43 FH QC4235 2.50% 07/01/2051 -463.70 452.60 -11.10
12/15/2023 611.88 3128P7MT7 FH C91270 4.50% 10/01/2029 -638.78 611.88 -26.90
12/15/2023 141.19 3128MC3L7 FH G14203 4.00% 04/01/2026 -143.54 141.19 -2.35
12/15/2023 1,400.08 3132L5B28 FH V80057 3.00% 05/01/2043 -1,403.63 1,400.08 -3.55
12/15/2023 569.88 3128MJYU8 FH G08722 3.50% 09/01/2046 -595.38 569.88 -25.50
12/15/2023 1,546.52 31307LNS3 FH J30401 3.00% 01/01/2030 -1,561.41 1,546.52 -14.89
12/15/2023 248.63 31335CC69 FH G61893 3.00% 07/01/2047 -253.62 248.63 -4.99
12/15/2023 896.84 3128MFE46 FH G16255 2.50% 07/01/2032 -894.28 896.84 2.56
12/21/2023 30,000.00 91282CDV0 UNITED STATES TREASURY
0.88% 01/31/2024
-29,952.28 29,866.41 -85.87
12/26/2023 413.96 31416BXA1 FN 995373 4.50% 02/01/2039 -446.77 413.96 -32.81
12/26/2023 185.75 3138WJM96 FN AS8483 3.00% 12/01/2046 -195.42 185.75 -9.67
12/26/2023 333.19 3140F9WP6 FN BD2453 3.00% 01/01/2047 -332.88 333.19 0.31
Realized Gains and Losses CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
22
Page 169
* Filtered By: Transaction Type not in Buy, Cash Transfer, Coupon, Equity Dividend, Money Market Funds, Open-End Fund Payment and Current Units ¹ 0.00 and Security Type not in "CASH", "MMFUND". * Weighted by: Absolute Value of Principal Amount. * MMF transactions
are collapsed. * Trade transactions are collapsed. * Cash Entry transactions are expanded.
* Date = IF([Transaction Type]='Principal Paydown',[Post Date],([Trade Date (With Summary)])). * Quantity = ABS(([Current Units (With Summary)])). * Description = IF(Empty([Final Maturity]), [Original Description], concat([Original Description],' ', TEXTNUMBER([Coupon
Rate],'0.00'),'% ',TEXTDATE([Final Maturity],'MM/dd/yyyy'))).
Date Quantity Identifier Description Book Value Principal Amount Net Realized Gain/Loss
12/26/2023 255.30 31418CHG2 FN MA2930 4.00% 03/01/2047 -278.56 255.30 -23.26
12/26/2023 157.67 31418CUA0 FN MA3276 3.50% 02/01/2048 -181.69 157.67 -24.02
12/26/2023 266.24 31418CU77 FN MA3305 3.50% 03/01/2048 -286.30 266.24 -20.06
12/26/2023 68.70 31418DBG6 FN MA3638 4.00% 04/01/2049 -76.04 68.70 -7.34
12/26/2023 233.92 3133KGP44 FH RA1343 3.00% 09/01/2049 -252.84 233.92 -18.92
12/26/2023 125.53 31418DHL9 FN MA3834 3.00% 11/01/2049 -131.98 125.53 -6.45
12/26/2023 132.97 31418DJR4 FN MA3871 3.00% 12/01/2049 -139.42 132.97 -6.45
12/26/2023 139.04 31418DMJ8 FN MA3960 3.00% 03/01/2050 -147.11 139.04 -8.07
12/26/2023 635.17 3138ASR38 FN AJ1405 4.00% 09/01/2041 -674.11 635.18 -38.93
12/26/2023 710.72 3132D6NU0 FH SB8503 2.00% 08/01/2035 -729.14 710.72 -18.42
12/26/2023 549.28 3133KYUU1 FH RB5095 2.00% 12/01/2040 -568.91 549.28 -19.63
12/26/2023 876.78 3140QFS42 FN CA7738 2.50% 11/01/2050 -935.57 876.78 -58.79
12/26/2023 183.02 3132DWA60 FH SD8129 2.50% 02/01/2051 -155.88 183.02 27.14
12/26/2023 345.56 3138WPSN5 FN AT2324 3.00% 05/01/2043 -346.42 345.56 -0.86
12/26/2023 766.52 31418D2R2 FN MA4383 2.00% 07/01/2036 -696.09 766.52 70.43
12/26/2023 622.22 31418D3G5 FN MA4398 2.00% 08/01/2051 -494.05 622.22 128.17
12/26/2023 1,184.44 31418D3Y6 FN MA4414 2.50% 09/01/2051 -1,020.04 1,184.44 164.40
12/26/2023 630.90 31418D7E6 FN MA4492 2.00% 12/01/2051 -500.89 630.90 130.01
12/26/2023 442.79 3140KY2A1 FN BR1668 2.00% 03/01/2051 -440.76 442.79 2.03
12/26/2023 1,180.52 31418D6M9 FN MA4475 2.50% 11/01/2041 -1,219.10 1,180.52 -38.58
12/26/2023 215.31 31418EB82 FN MA4562 2.00% 03/01/2052 -181.62 215.31 33.69
12/26/2023 892.78 3138EKRA5 FN AL3180 3.00% 01/01/2043 -895.09 892.78 -2.31
12/26/2023 28.04 3140QPK89 FN CB3918 4.50% 06/01/2052 -27.08 28.04 0.96
12/26/2023 42.73 3133BKTX7 FH QE9566 5.00% 09/01/2052 -42.22 42.73 0.51
12/26/2023 16.23 3132DPCV8 FH SD1884 5.00% 11/01/2052 -16.28 16.23 -0.05
12/26/2023 468.84 3133KQK47 FH RA8415 5.50% 01/01/2053 -475.70 468.84 -6.86
12/26/2023 256.42 31418EQ86 FN MA4978 5.00% 04/01/2053 -254.76 256.42 1.66
12/26/2023 412.97 3133KLAT4 FH RA4518 3.50% 02/01/2051 -377.04 412.97 35.93
12/26/2023 153.95 3140XF4G3 FN FS0822 2.00% 03/01/2052 -136.99 153.95 16.96
12/26/2023 62.71 3133A0DW1 FH QA5517 3.00% 12/01/2049 -65.85 62.71 -3.14
12/26/2023 532.97 3140QL6V3 FN CB1783 2.50% 10/01/2051 -491.79 532.97 41.18
12/26/2023 140.59 3140KESQ2 FN BP6826 2.50% 05/01/2050 -150.40 140.59 -9.81
12/26/2023 474.53 3133ANV43 FH QC4235 2.50% 07/01/2051 -486.15 474.53 -11.62
12/26/2023 25.20 3132E0VW9 FH SD4229 6.00% 11/01/2053 -25.24 25.20 -0.04
------ -------249,202.75 403,638.25 154,435.50
Realized Gains and Losses CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
23
Page 170
Account ID Principal Balance Date In or Out Amount Description
350286 944,429.76 09/30/2023 ------Beginning Balance
350286 948,884.67 10/02/2023 In 4,454.91 Money Market Funds - ALLSPRING:GOVT
MM I - GVIXX (94975P405)
350286 949,759.67 10/02/2023 In 875.00 Coupon - GENERAL DYNAMICS CORP -
GD (369550BL1)
350286 963,821.31 10/02/2023 In 14,061.64 Equity Dividend - ISHARES:CORE S&P MD-
CP - IJH (464287507)
350286 969,752.59 10/02/2023 In 5,931.28 Equity Dividend - ISHARES:CORE S&P SM-
CP - IJR (464287804)
350286 970,712.59 10/02/2023 In 960.00 Coupon - KIMCO REALTY OP LLC - KIM
(49446RAZ2)
350286 974,337.59 10/02/2023 In 3,625.00 Coupon - UNITED STATES TREASURY - T
(91282CGT2)
350286 976,062.59 10/02/2023 In 1,725.00 Coupon - UNITED STATES TREASURY - T
(9128285C0)
350286 976,117.12 10/02/2023 In 54.53 Other Income - ADDITION TO ACCOUNT
MUTUAL FUND REV SHARE SUB
T/A,04/2023,09260C307,711522558
BLCKRCK SYST MULTI-STR-INST #1905
350286 976,171.65 10/02/2023 In 54.53 Other Income - ADDITION TO ACCOUNT
MUTUAL FUND REV SHARE SUB
T/A,05/2023,09260C307,711522558
BLCKRCK SYST MULTI-STR-INST #1905
350286 976,226.17 10/02/2023 In 54.52 Other Income - ADDITION TO ACCOUNT
MUTUAL FUND REV SHARE SUB
T/A,06/2023,09260C307,711522558
BLCKRCK SYST MULTI-STR-INST #1905
350286 982,844.67 10/02/2023 In 6,618.50 Open-End Fund Payment - VANGUARD HY
CORP ADM - VWEAX (922031760)
350286 984,244.67 10/13/2023 In 1,400.00 Coupon - ANHEUSER-BUSCH INBEV
WORLDWIDE INC - ABIBB (035240AL4)
350286 984,807.17 10/16/2023 In 562.50 Coupon - FEDERAL FARM CREDIT BANKS
FUNDING CORP - FFCB (3133EMVU3)
350286 984,968.47 10/16/2023 In 161.30 Coupon - FH C91270 - FG (3128P7MT7)
350286 985,635.93 10/16/2023 In 667.46 Principal Paydown - FH C91270 - FG
(3128P7MT7)
350286 985,853.48 10/16/2023 In 217.55 Coupon - FH G08722 - FG (3128MJYU8)
350286 986,281.08 10/16/2023 In 427.60 Principal Paydown - FH G08722 - FG
(3128MJYU8)
350286 986,290.42 10/16/2023 In 9.34 Coupon - FH G14203 - FG (3128MC3L7)
350286 986,427.53 10/16/2023 In 137.11 Principal Paydown - FH G14203 - FG
(3128MC3L7)
350286 986,535.21 10/16/2023 In 107.68 Coupon - FH G16255 - FG (3128MFE46)
350286 987,637.08 10/16/2023 In 1,101.87 Principal Paydown - FH G16255 - FG
(3128MFE46)
350286 987,747.15 10/16/2023 In 110.07 Coupon - FH G61893 - FG (31335CC69)
350286 988,059.73 10/16/2023 In 312.58 Principal Paydown - FH G61893 - FG
(31335CC69)
350286 988,169.41 10/16/2023 In 109.68 Coupon - FH J30401 - FG (31307LNS3)
350286 989,126.21 10/16/2023 In 956.80 Principal Paydown - FH J30401 - FG
(31307LNS3)
350286 989,457.07 10/16/2023 In 330.86 Coupon - FH V80057 - FG (3132L5B28)
350286 990,655.15 10/16/2023 In 1,198.08 Principal Paydown - FH V80057 - FG
(3132L5B28)
350286 992,335.15 10/16/2023 In 1,680.00 Coupon - NNN REIT INC - NNN
(637417AM8)
350286 992,522.65 10/16/2023 In 187.50 Coupon - UNITED STATES TREASURY - T
(91282CBV2)
350286 992,594.39 10/25/2023 In 71.74 Coupon - FH QA5517 - FR (3133A0DW1)
Cash Ledger CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
24
Page 171
Account ID Principal Balance Date In or Out Amount Description
350286 992,891.69 10/25/2023 In 297.30 Principal Paydown - FH QA5517 - FR
(3133A0DW1)
350286 993,382.56 10/25/2023 In 490.87 Coupon - FH QC4235 - FR (3133ANV43)
350286 997,332.59 10/25/2023 In 3,950.03 Principal Paydown - FH QC4235 - FR
(3133ANV43)
350286 997,485.68 10/25/2023 In 153.09 Coupon - FH QE9566 - FR (3133BKTX7)
350286 997,529.59 10/25/2023 In 43.91 Principal Paydown - FH QE9566 - FR
(3133BKTX7)
350286 997,619.77 10/25/2023 In 90.18 Coupon - FH RA1343 - FR (3133KGP44)
350286 997,849.39 10/25/2023 In 229.62 Principal Paydown - FH RA1343 - FR
(3133KGP44)
350286 998,011.54 10/25/2023 In 162.15 Coupon - FH RA4518 - FR (3133KLAT4)
350286 998,145.91 10/25/2023 In 134.37 Principal Paydown - FH RA4518 - FR
(3133KLAT4)
350286 998,641.25 10/25/2023 In 495.34 Coupon - FH RA8415 - FR (3133KQK47)
350286 998,961.02 10/25/2023 In 319.77 Principal Paydown - FH RA8415 - FR
(3133KQK47)
350286 999,100.12 10/25/2023 In 139.10 Coupon - FH RB5095 - FR (3133KYUU1)
350286 999,591.18 10/25/2023 In 491.06 Principal Paydown - FH RB5095 - FR
(3133KYUU1)
350286 999,715.63 10/25/2023 In 124.45 Coupon - FH SB8503 - FR (3132D6NU0)
350286 1,000,524.61 10/25/2023 In 808.98 Principal Paydown - FH SB8503 - FR
(3132D6NU0)
350286 1,000,582.38 10/25/2023 In 57.77 Coupon - FH SD1884 - FR (3132DPCV8)
350286 1,000,599.00 10/25/2023 In 16.62 Principal Paydown - FH SD1884 - FR
(3132DPCV8)
350286 1,000,679.95 10/25/2023 In 80.95 Coupon - FH SD8129 - FR (3132DWA60)
350286 1,000,919.16 10/25/2023 In 239.21 Principal Paydown - FH SD8129 - FR
(3132DWA60)
350286 1,001,130.49 10/25/2023 In 211.33 Coupon - FN 995373 - FN (31416BXA1)
350286 1,001,587.33 10/25/2023 In 456.84 Principal Paydown - FN 995373 - FN
(31416BXA1)
350286 1,002,059.90 10/25/2023 In 472.57 Coupon - FN AJ1405 - FN (3138ASR38)
350286 1,005,404.14 10/25/2023 In 3,344.24 Principal Paydown - FN AJ1405 - FN
(3138ASR38)
350286 1,005,614.94 10/25/2023 In 210.80 Coupon - FN AL3180 - FN (3138EKRA5)
350286 1,005,980.64 10/25/2023 In 365.70 Principal Paydown - FN AL3180 - FN
(3138EKRA5)
350286 1,006,060.19 10/25/2023 In 79.55 Coupon - FN AS8483 - FN (3138WJM96)
350286 1,006,292.70 10/25/2023 In 232.51 Principal Paydown - FN AS8483 - FN
(3138WJM96)
350286 1,006,517.80 10/25/2023 In 225.10 Coupon - FN AT2324 - FN (3138WPSN5)
350286 1,006,881.38 10/25/2023 In 363.58 Principal Paydown - FN AT2324 - FN
(3138WPSN5)
350286 1,007,022.39 10/25/2023 In 141.01 Coupon - FN BD2453 - FN (3140F9WP6)
350286 1,007,275.34 10/25/2023 In 252.95 Principal Paydown - FN BD2453 - FN
(3140F9WP6)
350286 1,007,381.89 10/25/2023 In 106.55 Coupon - FN BP6826 - FN (3140KESQ2)
350286 1,007,520.89 10/25/2023 In 139.00 Principal Paydown - FN BP6826 - FN
(3140KESQ2)
350286 1,007,852.92 10/25/2023 In 332.03 Coupon - FN BR1668 - FN (3140KY2A1)
350286 1,008,299.23 10/25/2023 In 446.31 Principal Paydown - FN BR1668 - FN
(3140KY2A1)
350286 1,008,450.82 10/25/2023 In 151.59 Coupon - FN CA7738 - FN (3140QFS42)
350286 1,008,593.77 10/25/2023 In 142.95 Principal Paydown - FN CA7738 - FN
(3140QFS42)
Cash Ledger CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
25
Page 172
Account ID Principal Balance Date In or Out Amount Description
350286 1,008,729.30 10/25/2023 In 135.53 Coupon - FN CB1783 - FN (3140QL6V3)
350286 1,009,163.97 10/25/2023 In 434.67 Principal Paydown - FN CB1783 - FN
(3140QL6V3)
350286 1,009,247.36 10/25/2023 In 83.39 Coupon - FN CB3918 - FN (3140QPK89)
350286 1,009,484.09 10/25/2023 In 236.73 Principal Paydown - FN CB3918 - FN
(3140QPK89)
350286 1,009,544.06 10/25/2023 In 59.97 Coupon - FN FS0822 - FN (3140XF4G3)
350286 1,009,729.68 10/25/2023 In 185.62 Principal Paydown - FN FS0822 - FN
(3140XF4G3)
350286 1,009,867.42 10/25/2023 In 137.74 Coupon - FN MA2930 - FN (31418CHG2)
350286 1,010,068.77 10/25/2023 In 201.35 Principal Paydown - FN MA2930 - FN
(31418CHG2)
350286 1,010,128.97 10/25/2023 In 60.20 Coupon - FN MA3276 - FN (31418CUA0)
350286 1,010,307.54 10/25/2023 In 178.57 Principal Paydown - FN MA3276 - FN
(31418CUA0)
350286 1,010,418.35 10/25/2023 In 110.81 Coupon - FN MA3305 - FN (31418CU77)
350286 1,010,695.77 10/25/2023 In 277.42 Principal Paydown - FN MA3305 - FN
(31418CU77)
350286 1,010,732.93 10/25/2023 In 37.16 Coupon - FN MA3638 - FN (31418DBG6)
350286 1,010,795.27 10/25/2023 In 62.34 Principal Paydown - FN MA3638 - FN
(31418DBG6)
350286 1,010,847.08 10/25/2023 In 51.81 Coupon - FN MA3834 - FN (31418DHL9)
350286 1,010,975.29 10/25/2023 In 128.21 Principal Paydown - FN MA3834 - FN
(31418DHL9)
350286 1,011,031.37 10/25/2023 In 56.08 Coupon - FN MA3871 - FN (31418DJR4)
350286 1,011,178.03 10/25/2023 In 146.66 Principal Paydown - FN MA3871 - FN
(31418DJR4)
350286 1,011,238.31 10/25/2023 In 60.28 Coupon - FN MA3960 - FN (31418DMJ8)
350286 1,011,386.64 10/25/2023 In 148.33 Principal Paydown - FN MA3960 - FN
(31418DMJ8)
350286 1,011,530.31 10/25/2023 In 143.67 Coupon - FN MA4383 - FN (31418D2R2)
350286 1,012,407.87 10/25/2023 In 877.56 Principal Paydown - FN MA4383 - FN
(31418D2R2)
350286 1,012,646.08 10/25/2023 In 238.21 Coupon - FN MA4398 - FN (31418D3G5)
350286 1,013,322.04 10/25/2023 In 675.96 Principal Paydown - FN MA4398 - FN
(31418D3G5)
350286 1,013,843.28 10/25/2023 In 521.24 Coupon - FN MA4414 - FN (31418D3Y6)
350286 1,015,227.97 10/25/2023 In 1,384.69 Principal Paydown - FN MA4414 - FN
(31418D3Y6)
350286 1,015,401.88 10/25/2023 In 173.91 Coupon - FN MA4475 - FN (31418D6M9)
350286 1,015,856.12 10/25/2023 In 454.24 Principal Paydown - FN MA4475 - FN
(31418D6M9)
350286 1,016,104.31 10/25/2023 In 248.19 Coupon - FN MA4492 - FN (31418D7E6)
350286 1,016,762.21 10/25/2023 In 657.90 Principal Paydown - FN MA4492 - FN
(31418D7E6)
350286 1,016,862.33 10/25/2023 In 100.12 Coupon - FN MA4562 - FN (31418EB82)
350286 1,017,142.11 10/25/2023 In 279.78 Principal Paydown - FN MA4562 - FN
(31418EB82)
350286 1,017,383.62 10/25/2023 In 241.51 Coupon - FN MA4978 - FN (31418EQ86)
350286 1,017,624.71 10/25/2023 In 241.09 Principal Paydown - FN MA4978 - FN
(31418EQ86)
350286 1,017,086.14 10/26/2023 Out -538.57 Custody Fee - ADMINISTRATIVE
FEE/EXPENSE CUSTODIAN FEE-PRIN
350286 1,019,023.64 10/30/2023 In 1,937.50 Coupon - MORGAN STANLEY - MS
(61746BDQ6)
350286 1,044,406.59 10/31/2023 In 25,382.95 Equity Dividend - SPDR S&P 500 ETF -
SPY (78462F103)
Cash Ledger CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
26
Page 173
Account ID Principal Balance Date In or Out Amount Description
350286 1,046,506.59 10/31/2023 In 2,100.00 Coupon - UNITED STATES TREASURY - T
(91282CHA2)
350286 1,047,009.72 10/31/2023 In 503.13 Coupon - UNITED STATES TREASURY - T
(91282CEM9)
350286 1,051,414.20 11/01/2023 In 4,404.48 Money Market Funds - ALLSPRING:GOVT
MM I - GVIXX (94975P405)
350286 1,052,087.95 11/01/2023 In 673.75 Coupon - DARDEN RESTAURANTS INC -
DRI (237194AL9)
350286 1,034,637.31 11/01/2023 Out -17,450.64 Buy - UNITED STATES TREASURY - T
(912810TT5)
350286 1,041,243.61 11/01/2023 In 6,606.30 Open-End Fund Payment - VANGUARD HY
CORP ADM - VWEAX (922031760)
350286 1,336,799.68 11/02/2023 In 295,556.07 Sell - SPDR S&P 500 ETF - SPY
(78462F103)
350286 1,306,958.78 11/02/2023 Out -29,840.90 Buy - UNITED STATES TREASURY - T
(91282CJC6)
350286 1,266,115.24 11/02/2023 Out -40,843.54 Buy - UNITED STATES TREASURY - T
(912810TU2)
350286 1,186,912.65 11/02/2023 Out -79,202.59 Buy - UNITED STATES TREASURY - T
(91282CHT1)
350286 1,037,088.24 11/02/2023 Out -149,824.41 Buy - UNITED STATES TREASURY - T
(91282CJE2)
350286 1,038,569.49 11/13/2023 In 1,481.25 Coupon - NUTRIEN LTD - NTRCN
(67077MAX6)
350286 1,038,728.28 11/15/2023 In 158.79 Coupon - FH C91270 - FG (3128P7MT7)
350286 1,039,687.62 11/15/2023 In 959.34 Principal Paydown - FH C91270 - FG
(3128P7MT7)
350286 1,039,903.93 11/15/2023 In 216.31 Coupon - FH G08722 - FG (3128MJYU8)
350286 1,040,286.92 11/15/2023 In 382.99 Principal Paydown - FH G08722 - FG
(3128MJYU8)
350286 1,040,295.80 11/15/2023 In 8.88 Coupon - FH G14203 - FG (3128MC3L7)
350286 1,040,432.11 11/15/2023 In 136.31 Principal Paydown - FH G14203 - FG
(3128MC3L7)
350286 1,040,537.50 11/15/2023 In 105.39 Coupon - FH G16255 - FG (3128MFE46)
350286 1,041,437.17 11/15/2023 In 899.67 Principal Paydown - FH G16255 - FG
(3128MFE46)
350286 1,041,546.45 11/15/2023 In 109.28 Coupon - FH G61893 - FG (31335CC69)
350286 1,041,813.69 11/15/2023 In 267.24 Principal Paydown - FH G61893 - FG
(31335CC69)
350286 1,041,920.98 11/15/2023 In 107.29 Coupon - FH J30401 - FG (31307LNS3)
350286 1,043,243.86 11/15/2023 In 1,322.88 Principal Paydown - FH J30401 - FG
(31307LNS3)
350286 1,043,571.73 11/15/2023 In 327.87 Coupon - FH V80057 - FG (3132L5B28)
350286 1,044,085.95 11/15/2023 In 514.22 Principal Paydown - FH V80057 - FG
(3132L5B28)
350286 1,045,304.70 11/15/2023 In 1,218.75 Coupon - PHILLIPS 66 - PSX (718546AL8)
350286 1,047,604.70 11/15/2023 In 2,300.00 Coupon - UNITED STATES TREASURY - T
(91282CEP2)
350286 1,049,779.70 11/15/2023 In 2,175.00 Coupon - UNITED STATES TREASURY - T
(91282CHB0)
350286 1,051,864.08 11/15/2023 In 2,084.38 Coupon - UNITED STATES TREASURY - T
(912810TG3)
350286 1,053,551.58 11/15/2023 In 1,687.50 Coupon - UNITED STATES TREASURY - T
(91282CHC8)
350286 1,055,114.08 11/15/2023 In 1,562.50 Coupon - UNITED STATES TREASURY - T
(9128285M8)
350286 1,056,479.71 11/15/2023 In 1,365.63 Coupon - UNITED STATES TREASURY - T
(912810RB6)
Cash Ledger CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
27
Page 174
Account ID Principal Balance Date In or Out Amount Description
350286 1,057,835.96 11/15/2023 In 1,356.25 Coupon - UNITED STATES TREASURY - T
(912810TS7)
350286 1,059,104.71 11/15/2023 In 1,268.75 Coupon - UNITED STATES TREASURY - T
(912810TR9)
350286 1,060,023.46 11/15/2023 In 918.75 Coupon - UNITED STATES TREASURY - T
(912828YS3)
350286 1,060,670.34 11/15/2023 In 646.88 Coupon - UNITED STATES TREASURY - T
(912810SH2)
350286 1,061,279.72 11/15/2023 In 609.38 Coupon - UNITED STATES TREASURY - T
(912810SS8)
350286 1,061,889.10 11/15/2023 In 609.38 Coupon - UNITED STATES TREASURY - T
(912828R36)
350286 1,062,435.98 11/15/2023 In 546.88 Coupon - UNITED STATES TREASURY - T
(91282CAV3)
350286 1,062,882.86 11/15/2023 In 446.88 Coupon - UNITED STATES TREASURY - T
(91282CCB5)
350286 1,063,023.49 11/15/2023 In 140.63 Coupon - UNITED STATES TREASURY - T
(912810TB4)
350286 1,063,148.49 11/15/2023 In 125.00 Coupon - UNITED STATES TREASURY - T
(91282CCC3)
350286 1,063,242.24 11/15/2023 In 93.75 Coupon - UNITED STATES TREASURY - T
(912810SN9)
350286 1,063,273.49 11/15/2023 In 31.25 Coupon - UNITED STATES TREASURY - T
(912828ZQ6)
350286 1,063,292.24 11/15/2023 In 18.75 Coupon - UNITED STATES TREASURY - T
(91282CAW1)
350286 1,078,292.24 11/15/2023 In 15,000.00 Maturity - UNITED STATES TREASURY - T
(91282CAW1)
350286 1,078,914.74 11/20/2023 In 622.50 Coupon - FEDERAL FARM CREDIT BANKS
FUNDING CORP - FFCB (3133EMA44)
350286 1,078,546.01 11/20/2023 Out -368.73 Custody Fee - ADMINISTRATIVE
FEE/EXPENSE CUSTODIAN FEE-PRIN
350286 1,058,454.34 11/21/2023 Out -20,091.67 Buy - FH SD4229 - FR (3132E0VW9)
350286 1,058,525.34 11/27/2023 In 71.00 Coupon - FH QA5517 - FR (3133A0DW1)
350286 1,058,631.33 11/27/2023 In 105.99 Principal Paydown - FH QA5517 - FR
(3133A0DW1)
350286 1,059,113.98 11/27/2023 In 482.65 Coupon - FH QC4235 - FR (3133ANV43)
350286 1,059,566.58 11/27/2023 In 452.60 Principal Paydown - FH QC4235 - FR
(3133ANV43)
350286 1,059,719.49 11/27/2023 In 152.91 Coupon - FH QE9566 - FR (3133BKTX7)
350286 1,059,761.63 11/27/2023 In 42.14 Principal Paydown - FH QE9566 - FR
(3133BKTX7)
350286 1,059,851.24 11/27/2023 In 89.61 Coupon - FH RA1343 - FR (3133KGP44)
350286 1,060,015.13 11/27/2023 In 163.89 Principal Paydown - FH RA1343 - FR
(3133KGP44)
350286 1,060,176.88 11/27/2023 In 161.75 Coupon - FH RA4518 - FR (3133KLAT4)
350286 1,060,278.38 11/27/2023 In 101.50 Principal Paydown - FH RA4518 - FR
(3133KLAT4)
350286 1,060,772.25 11/27/2023 In 493.87 Coupon - FH RA8415 - FR (3133KQK47)
350286 1,061,210.89 11/27/2023 In 438.64 Principal Paydown - FH RA8415 - FR
(3133KQK47)
350286 1,061,349.18 11/27/2023 In 138.29 Coupon - FH RB5095 - FR (3133KYUU1)
350286 1,061,845.95 11/27/2023 In 496.77 Principal Paydown - FH RB5095 - FR
(3133KYUU1)
350286 1,061,969.05 11/27/2023 In 123.10 Coupon - FH SB8503 - FR (3132D6NU0)
350286 1,062,763.12 11/27/2023 In 794.07 Principal Paydown - FH SB8503 - FR
(3132D6NU0)
350286 1,062,820.82 11/27/2023 In 57.70 Coupon - FH SD1884 - FR (3132DPCV8)
Cash Ledger CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
28
Page 175
Account ID Principal Balance Date In or Out Amount Description
350286 1,062,886.41 11/27/2023 In 65.59 Principal Paydown - FH SD1884 - FR
(3132DPCV8)
350286 1,062,966.86 11/27/2023 In 80.45 Coupon - FH SD8129 - FR (3132DWA60)
350286 1,063,219.19 11/27/2023 In 252.33 Principal Paydown - FH SD8129 - FR
(3132DWA60)
350286 1,063,428.81 11/27/2023 In 209.62 Coupon - FN 995373 - FN (31416BXA1)
350286 1,064,110.29 11/27/2023 In 681.48 Principal Paydown - FN 995373 - FN
(31416BXA1)
350286 1,064,571.71 11/27/2023 In 461.42 Coupon - FN AJ1405 - FN (3138ASR38)
350286 1,066,416.47 11/27/2023 In 1,844.76 Principal Paydown - FN AJ1405 - FN
(3138ASR38)
350286 1,066,626.36 11/27/2023 In 209.89 Coupon - FN AL3180 - FN (3138EKRA5)
350286 1,067,497.67 11/27/2023 In 871.31 Principal Paydown - FN AL3180 - FN
(3138EKRA5)
350286 1,067,576.63 11/27/2023 In 78.96 Coupon - FN AS8483 - FN (3138WJM96)
350286 1,067,773.85 11/27/2023 In 197.22 Principal Paydown - FN AS8483 - FN
(3138WJM96)
350286 1,067,998.04 11/27/2023 In 224.19 Coupon - FN AT2324 - FN (3138WPSN5)
350286 1,068,448.13 11/27/2023 In 450.09 Principal Paydown - FN AT2324 - FN
(3138WPSN5)
350286 1,068,588.51 11/27/2023 In 140.38 Coupon - FN BD2453 - FN (3140F9WP6)
350286 1,068,804.63 11/27/2023 In 216.12 Principal Paydown - FN BD2453 - FN
(3140F9WP6)
350286 1,068,910.89 11/27/2023 In 106.26 Coupon - FN BP6826 - FN (3140KESQ2)
350286 1,069,051.89 11/27/2023 In 141.00 Principal Paydown - FN BP6826 - FN
(3140KESQ2)
350286 1,069,383.18 11/27/2023 In 331.29 Coupon - FN BR1668 - FN (3140KY2A1)
350286 1,070,838.10 11/27/2023 In 1,454.92 Principal Paydown - FN BR1668 - FN
(3140KY2A1)
350286 1,070,989.40 11/27/2023 In 151.30 Coupon - FN CA7738 - FN (3140QFS42)
350286 1,071,543.74 11/27/2023 In 554.34 Principal Paydown - FN CA7738 - FN
(3140QFS42)
350286 1,071,678.36 11/27/2023 In 134.62 Coupon - FN CB1783 - FN (3140QL6V3)
350286 1,071,949.59 11/27/2023 In 271.23 Principal Paydown - FN CB1783 - FN
(3140QL6V3)
350286 1,072,032.09 11/27/2023 In 82.50 Coupon - FN CB3918 - FN (3140QPK89)
350286 1,072,060.13 11/27/2023 In 28.04 Principal Paydown - FN CB3918 - FN
(3140QPK89)
350286 1,072,119.79 11/27/2023 In 59.66 Coupon - FN FS0822 - FN (3140XF4G3)
350286 1,072,344.15 11/27/2023 In 224.36 Principal Paydown - FN FS0822 - FN
(3140XF4G3)
350286 1,072,481.22 11/27/2023 In 137.07 Coupon - FN MA2930 - FN (31418CHG2)
350286 1,072,915.72 11/27/2023 In 434.50 Principal Paydown - FN MA2930 - FN
(31418CHG2)
350286 1,072,975.39 11/27/2023 In 59.67 Coupon - FN MA3276 - FN (31418CUA0)
350286 1,073,104.00 11/27/2023 In 128.61 Principal Paydown - FN MA3276 - FN
(31418CUA0)
350286 1,073,214.00 11/27/2023 In 110.00 Coupon - FN MA3305 - FN (31418CU77)
350286 1,073,439.41 11/27/2023 In 225.41 Principal Paydown - FN MA3305 - FN
(31418CU77)
350286 1,073,476.36 11/27/2023 In 36.95 Coupon - FN MA3638 - FN (31418DBG6)
350286 1,073,553.66 11/27/2023 In 77.30 Principal Paydown - FN MA3638 - FN
(31418DBG6)
350286 1,073,605.15 11/27/2023 In 51.49 Coupon - FN MA3834 - FN (31418DHL9)
350286 1,073,723.65 11/27/2023 In 118.50 Principal Paydown - FN MA3834 - FN
(31418DHL9)
Cash Ledger CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
29
Page 176
Account ID Principal Balance Date In or Out Amount Description
350286 1,073,779.36 11/27/2023 In 55.71 Coupon - FN MA3871 - FN (31418DJR4)
350286 1,073,929.90 11/27/2023 In 150.54 Principal Paydown - FN MA3871 - FN
(31418DJR4)
350286 1,073,989.81 11/27/2023 In 59.91 Coupon - FN MA3960 - FN (31418DMJ8)
350286 1,074,139.38 11/27/2023 In 149.57 Principal Paydown - FN MA3960 - FN
(31418DMJ8)
350286 1,074,281.59 11/27/2023 In 142.21 Coupon - FN MA4383 - FN (31418D2R2)
350286 1,075,107.00 11/27/2023 In 825.41 Principal Paydown - FN MA4383 - FN
(31418D2R2)
350286 1,075,344.08 11/27/2023 In 237.08 Coupon - FN MA4398 - FN (31418D3G5)
350286 1,075,999.01 11/27/2023 In 654.93 Principal Paydown - FN MA4398 - FN
(31418D3G5)
350286 1,076,517.37 11/27/2023 In 518.36 Coupon - FN MA4414 - FN (31418D3Y6)
350286 1,077,799.14 11/27/2023 In 1,281.77 Principal Paydown - FN MA4414 - FN
(31418D3Y6)
350286 1,077,972.11 11/27/2023 In 172.97 Coupon - FN MA4475 - FN (31418D6M9)
350286 1,078,296.42 11/27/2023 In 324.31 Principal Paydown - FN MA4475 - FN
(31418D6M9)
350286 1,078,543.52 11/27/2023 In 247.10 Coupon - FN MA4492 - FN (31418D7E6)
350286 1,079,204.96 11/27/2023 In 661.44 Principal Paydown - FN MA4492 - FN
(31418D7E6)
350286 1,079,304.62 11/27/2023 In 99.66 Coupon - FN MA4562 - FN (31418EB82)
350286 1,079,559.02 11/27/2023 In 254.40 Principal Paydown - FN MA4562 - FN
(31418EB82)
350286 1,079,799.53 11/27/2023 In 240.51 Coupon - FN MA4978 - FN (31418EQ86)
350286 1,080,171.51 11/27/2023 In 371.98 Principal Paydown - FN MA4978 - FN
(31418EQ86)
350286 1,081,530.89 11/30/2023 In 1,359.38 Coupon - UNITED STATES TREASURY - T
(91282CHE4)
350286 1,082,805.89 11/30/2023 In 1,275.00 Coupon - UNITED STATES TREASURY - T
(912828YV6)
350286 1,083,743.39 11/30/2023 In 937.50 Coupon - UNITED STATES TREASURY - T
(91282CHF1)
350286 1,083,940.27 11/30/2023 In 196.88 Coupon - UNITED STATES TREASURY - T
(91282CAZ4)
350286 1,088,474.82 12/01/2023 In 4,534.55 Money Market Funds - ALLSPRING:GOVT
MM I - GVIXX (94975P405)
350286 1,089,924.82 12/01/2023 In 1,450.00 Coupon - RYDER SYSTEM INC - R
(78355HKP3)
350286 1,096,423.05 12/01/2023 In 6,498.23 Open-End Fund Payment - VANGUARD HY
CORP ADM - VWEAX (922031760)
350286 1,098,291.80 12/06/2023 In 1,868.75 Coupon - AERCAP IRELAND CAPITAL
DAC - AER (00774MBC8)
350286 1,100,516.80 12/12/2023 In 2,225.00 Coupon - REYNOLDS AMERICAN INC -
BATSLN (761713BG0)
350286 1,101,225.55 12/15/2023 In 708.75 Coupon - CENOVUS ENERGY INC -
CVECN (15135UAP4)
350286 1,101,380.75 12/15/2023 In 155.20 Coupon - FH C91270 - FG (3128P7MT7)
350286 1,101,992.63 12/15/2023 In 611.88 Principal Paydown - FH C91270 - FG
(3128P7MT7)
350286 1,102,207.82 12/15/2023 In 215.19 Coupon - FH G08722 - FG (3128MJYU8)
350286 1,102,777.70 12/15/2023 In 569.88 Principal Paydown - FH G08722 - FG
(3128MJYU8)
350286 1,102,786.13 12/15/2023 In 8.43 Coupon - FH G14203 - FG (3128MC3L7)
350286 1,102,927.32 12/15/2023 In 141.19 Principal Paydown - FH G14203 - FG
(3128MC3L7)
350286 1,103,030.83 12/15/2023 In 103.51 Coupon - FH G16255 - FG (3128MFE46)
Cash Ledger CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
30
Page 177
Account ID Principal Balance Date In or Out Amount Description
350286 1,103,927.67 12/15/2023 In 896.84 Principal Paydown - FH G16255 - FG
(3128MFE46)
350286 1,104,036.29 12/15/2023 In 108.62 Coupon - FH G61893 - FG (31335CC69)
350286 1,104,284.92 12/15/2023 In 248.63 Principal Paydown - FH G61893 - FG
(31335CC69)
350286 1,104,388.91 12/15/2023 In 103.99 Coupon - FH J30401 - FG (31307LNS3)
350286 1,105,935.43 12/15/2023 In 1,546.52 Principal Paydown - FH J30401 - FG
(31307LNS3)
350286 1,106,262.01 12/15/2023 In 326.58 Coupon - FH V80057 - FG (3132L5B28)
350286 1,107,662.09 12/15/2023 In 1,400.08 Principal Paydown - FH V80057 - FG
(3132L5B28)
350286 1,108,737.09 12/15/2023 In 1,075.00 Coupon - TELUS CORP - TCN
(87971MBK8)
350286 1,110,387.09 12/15/2023 In 1,650.00 Coupon - UNITED STATES TREASURY - T
(91282CHH7)
350286 1,109,914.31 12/20/2023 Out -472.78 Custody Fee - ADMINISTRATIVE
FEE/EXPENSE CUSTODIAN FEE-PRIN
350286 1,121,876.58 12/21/2023 In 11,962.27 Equity Dividend - FLEXSHS:STOXX GL
BRD INF - NFRA (33939L795)
350286 1,123,608.60 12/22/2023 In 1,732.02 Equity Dividend - CORE ALTERNATIVE -
CCOR (53656F847)
350286 1,124,907.74 12/22/2023 In 1,299.14 Equity Dividend - INVESCO S&P MIDCAP
QLTY - XMHQ (46137V472)
350286 1,129,948.05 12/22/2023 In 5,040.31 Equity Dividend - JPMORGAN:BB MSCI US
REIT - BBRE (46641Q738)
350286 1,130,018.78 12/26/2023 In 70.73 Coupon - FH QA5517 - FR (3133A0DW1)
350286 1,130,081.49 12/26/2023 In 62.71 Principal Paydown - FH QA5517 - FR
(3133A0DW1)
350286 1,130,563.19 12/26/2023 In 481.70 Coupon - FH QC4235 - FR (3133ANV43)
350286 1,131,037.72 12/26/2023 In 474.53 Principal Paydown - FH QC4235 - FR
(3133ANV43)
350286 1,131,190.45 12/26/2023 In 152.73 Coupon - FH QE9566 - FR (3133BKTX7)
350286 1,131,233.18 12/26/2023 In 42.73 Principal Paydown - FH QE9566 - FR
(3133BKTX7)
350286 1,131,322.38 12/26/2023 In 89.20 Coupon - FH RA1343 - FR (3133KGP44)
350286 1,131,556.30 12/26/2023 In 233.92 Principal Paydown - FH RA1343 - FR
(3133KGP44)
350286 1,131,717.76 12/26/2023 In 161.46 Coupon - FH RA4518 - FR (3133KLAT4)
350286 1,132,130.73 12/26/2023 In 412.97 Principal Paydown - FH RA4518 - FR
(3133KLAT4)
350286 1,132,622.60 12/26/2023 In 491.87 Coupon - FH RA8415 - FR (3133KQK47)
350286 1,133,091.44 12/26/2023 In 468.84 Principal Paydown - FH RA8415 - FR
(3133KQK47)
350286 1,133,228.90 12/26/2023 In 137.46 Coupon - FH RB5095 - FR (3133KYUU1)
350286 1,133,778.18 12/26/2023 In 549.28 Principal Paydown - FH RB5095 - FR
(3133KYUU1)
350286 1,133,899.95 12/26/2023 In 121.77 Coupon - FH SB8503 - FR (3132D6NU0)
350286 1,134,610.67 12/26/2023 In 710.72 Principal Paydown - FH SB8503 - FR
(3132D6NU0)
350286 1,134,668.10 12/26/2023 In 57.43 Coupon - FH SD1884 - FR (3132DPCV8)
350286 1,134,684.33 12/26/2023 In 16.23 Principal Paydown - FH SD1884 - FR
(3132DPCV8)
350286 1,104,189.43 12/26/2023 Out -30,494.90 Buy - FH SD3698 - FR (3132E0DB5)
350286 1,104,289.43 12/26/2023 In 100.00 Coupon - FH SD4229 - FR (3132E0VW9)
350286 1,104,314.63 12/26/2023 In 25.20 Principal Paydown - FH SD4229 - FR
(3132E0VW9)
350286 1,104,394.56 12/26/2023 In 79.93 Coupon - FH SD8129 - FR (3132DWA60)
Cash Ledger CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
31
Page 178
Account ID Principal Balance Date In or Out Amount Description
350286 1,104,577.58 12/26/2023 In 183.02 Principal Paydown - FH SD8129 - FR
(3132DWA60)
350286 1,104,784.64 12/26/2023 In 207.06 Coupon - FN 995373 - FN (31416BXA1)
350286 1,105,198.60 12/26/2023 In 413.96 Principal Paydown - FN 995373 - FN
(31416BXA1)
350286 1,105,653.87 12/26/2023 In 455.27 Coupon - FN AJ1405 - FN (3138ASR38)
350286 1,106,289.05 12/26/2023 In 635.18 Principal Paydown - FN AJ1405 - FN
(3138ASR38)
350286 1,106,496.76 12/26/2023 In 207.71 Coupon - FN AL3180 - FN (3138EKRA5)
350286 1,107,389.54 12/26/2023 In 892.78 Principal Paydown - FN AL3180 - FN
(3138EKRA5)
350286 1,107,468.01 12/26/2023 In 78.47 Coupon - FN AS8483 - FN (3138WJM96)
350286 1,107,653.76 12/26/2023 In 185.75 Principal Paydown - FN AS8483 - FN
(3138WJM96)
350286 1,107,876.83 12/26/2023 In 223.07 Coupon - FN AT2324 - FN (3138WPSN5)
350286 1,108,222.39 12/26/2023 In 345.56 Principal Paydown - FN AT2324 - FN
(3138WPSN5)
350286 1,108,362.23 12/26/2023 In 139.84 Coupon - FN BD2453 - FN (3140F9WP6)
350286 1,108,695.42 12/26/2023 In 333.19 Principal Paydown - FN BD2453 - FN
(3140F9WP6)
350286 1,108,801.38 12/26/2023 In 105.96 Coupon - FN BP6826 - FN (3140KESQ2)
350286 1,108,941.97 12/26/2023 In 140.59 Principal Paydown - FN BP6826 - FN
(3140KESQ2)
350286 1,109,270.84 12/26/2023 In 328.87 Coupon - FN BR1668 - FN (3140KY2A1)
350286 1,109,713.63 12/26/2023 In 442.79 Principal Paydown - FN BR1668 - FN
(3140KY2A1)
350286 1,109,863.77 12/26/2023 In 150.14 Coupon - FN CA7738 - FN (3140QFS42)
350286 1,110,740.55 12/26/2023 In 876.78 Principal Paydown - FN CA7738 - FN
(3140QFS42)
350286 1,110,874.60 12/26/2023 In 134.05 Coupon - FN CB1783 - FN (3140QL6V3)
350286 1,111,407.57 12/26/2023 In 532.97 Principal Paydown - FN CB1783 - FN
(3140QL6V3)
350286 1,111,489.97 12/26/2023 In 82.40 Coupon - FN CB3918 - FN (3140QPK89)
350286 1,111,518.01 12/26/2023 In 28.04 Principal Paydown - FN CB3918 - FN
(3140QPK89)
350286 1,111,577.29 12/26/2023 In 59.28 Coupon - FN FS0822 - FN (3140XF4G3)
350286 1,111,731.24 12/26/2023 In 153.95 Principal Paydown - FN FS0822 - FN
(3140XF4G3)
350286 1,111,866.86 12/26/2023 In 135.62 Coupon - FN MA2930 - FN (31418CHG2)
350286 1,112,122.16 12/26/2023 In 255.30 Principal Paydown - FN MA2930 - FN
(31418CHG2)
350286 1,112,181.46 12/26/2023 In 59.30 Coupon - FN MA3276 - FN (31418CUA0)
350286 1,112,339.13 12/26/2023 In 157.67 Principal Paydown - FN MA3276 - FN
(31418CUA0)
350286 1,112,448.47 12/26/2023 In 109.34 Coupon - FN MA3305 - FN (31418CU77)
350286 1,112,714.71 12/26/2023 In 266.24 Principal Paydown - FN MA3305 - FN
(31418CU77)
350286 1,112,751.40 12/26/2023 In 36.69 Coupon - FN MA3638 - FN (31418DBG6)
350286 1,112,820.10 12/26/2023 In 68.70 Principal Paydown - FN MA3638 - FN
(31418DBG6)
350286 1,112,871.30 12/26/2023 In 51.20 Coupon - FN MA3834 - FN (31418DHL9)
350286 1,112,996.83 12/26/2023 In 125.53 Principal Paydown - FN MA3834 - FN
(31418DHL9)
350286 1,113,052.17 12/26/2023 In 55.34 Coupon - FN MA3871 - FN (31418DJR4)
350286 1,113,185.14 12/26/2023 In 132.97 Principal Paydown - FN MA3871 - FN
(31418DJR4)
Cash Ledger CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
32
Page 179
Account ID Principal Balance Date In or Out Amount Description
350286 1,113,244.67 12/26/2023 In 59.53 Coupon - FN MA3960 - FN (31418DMJ8)
350286 1,113,383.71 12/26/2023 In 139.04 Principal Paydown - FN MA3960 - FN
(31418DMJ8)
350286 1,113,524.54 12/26/2023 In 140.83 Coupon - FN MA4383 - FN (31418D2R2)
350286 1,114,291.06 12/26/2023 In 766.52 Principal Paydown - FN MA4383 - FN
(31418D2R2)
350286 1,114,527.05 12/26/2023 In 235.99 Coupon - FN MA4398 - FN (31418D3G5)
350286 1,115,149.27 12/26/2023 In 622.22 Principal Paydown - FN MA4398 - FN
(31418D3G5)
350286 1,115,664.96 12/26/2023 In 515.69 Coupon - FN MA4414 - FN (31418D3Y6)
350286 1,116,849.40 12/26/2023 In 1,184.44 Principal Paydown - FN MA4414 - FN
(31418D3Y6)
350286 1,117,021.69 12/26/2023 In 172.29 Coupon - FN MA4475 - FN (31418D6M9)
350286 1,118,202.21 12/26/2023 In 1,180.52 Principal Paydown - FN MA4475 - FN
(31418D6M9)
350286 1,118,448.20 12/26/2023 In 245.99 Coupon - FN MA4492 - FN (31418D7E6)
350286 1,119,079.10 12/26/2023 In 630.90 Principal Paydown - FN MA4492 - FN
(31418D7E6)
350286 1,119,178.33 12/26/2023 In 99.23 Coupon - FN MA4562 - FN (31418EB82)
350286 1,119,393.64 12/26/2023 In 215.31 Principal Paydown - FN MA4562 - FN
(31418EB82)
350286 1,119,632.60 12/26/2023 In 238.96 Coupon - FN MA4978 - FN (31418EQ86)
350286 1,119,889.02 12/26/2023 In 256.42 Principal Paydown - FN MA4978 - FN
(31418EQ86)
350286 1,149,861.00 12/26/2023 In 29,971.98 Sell - UNITED STATES TREASURY - T
(91282CDV0)
350286 1,187,552.40 12/27/2023 In 37,691.40 Equity Dividend - ISHARES:CORE MSCI
EAFE - IEFA (46432F842)
350286 1,219,764.85 12/27/2023 In 32,212.45 Equity Dividend - ISHARES:CORE MSCI
EMMKTS - IEMG (46434G103)
350286 1,232,006.23 12/27/2023 In 12,241.38 Equity Dividend - ISHARES:CORE S&P MD-
CP - IJH (464287507)
350286 1,235,807.08 12/27/2023 In 3,800.85 Equity Dividend - ISHARES:CORE S&P SM-
CP - IJR (464287804)
350286 1,303,036.00 12/29/2023 In 67,228.92 Open-End Fund Payment -
BLACKROCK:SYS MLTI STR I - BIMBX
(09260C307)
350286 1,303,036.00 12/31/2023 ------Ending Balance
Cash Ledger CITY OF KENAI PERMANENT FUNDS
(350286)
10/01/2023 - 12/31/2023 Return to Table of Contents Dated: 01/29/2024
33
Page 180
Project
Homeless
Connect:
2024 Data
Brought to you in partnership with the
Kenai Peninsula Continuum of Care, the
Kenai Peninsula Homelessness Coalition,
and the Kenai Peninsula Project Homeless
Connect Sub-committee
Speaker: Jodi Stuart-PR Chair
Our Goals
•Connect people to services
efficiently and effectively that
would otherwise be difficult to
access
•Build a more compassionate
community
•Reduce stigma
•Provide data
Our Organizational Structure
CoC is a regional planning body that
coordinates housing and services funding
for homeless families and individuals
Mission: To help individuals and families
experiencing homelessness achieve
stability
A one-day event to connect people to
services
Data Over
Time
Data Over
Time
Data Over
Time
Data Over
Time
Data Over
Time
Homer/Anchor Point
1/30/2024
Homer
•105 attended newly branded
Community Resource Connect
•Held at the SPARC
Anchor Point
•35 attended
2024 Point in Time Count/PHC
Where did you sleep
on 1/29/2024?
The Point in Time Count is a count of sheltered and unsheltered persons
experiencing homelessness carried out on one night in the last 10 calendar
days of January.According to HUD guidance,the PIT count should be
completed using unduplicated counts or statistically reliable estimates of
persons experiencing homelessness in both sheltered and unsheltered
locations on a single night.
Project Homeless Connect is honored as a best practice model by HUD.
Types of
Homelessness
For 2024
•Homeless: 9%
•Temporary/Permanent: 75%
•*13% reported “Other”
Episodes of Homelessness
•1st Time: 28%
•2nd -3rd Time: 20%
•4 or More Times: 31%
*Primary reason of homelessness:
15% loss of job/lack of job
10% Illness/Injury
10% substance use disorder
What the people need:
•87% stated if an emergency cold weather shelter existed, they would use it.
•Primary needs reported: Clothing, Transportation & Food
•Secondary needs included: low-income housing, rental assistance, firewood,
utility assistance, dentures, housing that allows pets, heating assistance, help
with storage, child care, gas vouchers, propane
Highlights
of the 2024
Event
•6 animals received supplies with an additional 15 people taking assorted pet supplies•140 individuals participated representing a total of 203community members•73% reported this was their first PHC event•18% were between 18-34, prime employability•9% were veterans•5% slept in the car the night prior•41% had been homeless for a year or more•35% reported their last permanent address in Kenai•32% reported their last permanent address in Soldotna•42% reported being a survivor of domestic violence•There were 40 haircuts provided•17 hand massages were provided
Kenai Peninsula Stats
Out of Reach: Alaska | National Low Income
Housing Coalition (nlihc.org)
Thank you to our vendors/donors!
ABC Life Choices AK Breast & Cervical Screenings SAFR
AK Housing Finance Corp AK State Commission for Human Rights
Breathe Free Coalition CARTS ILC
Freedom House Family Search Center KPAL
Cook Inlet Counseling Kachemak Bay Family Planning Lions Club
Kenai Peninsula Food Bank Kenai Public Health Love, INC
Kenai Vet Center Kenaitze Indian Tribe LeeShore
Narcotics Anonymous Nikiski Shelter of Hope PCHS
Peninsula Job Center Peninsula Spay/Neuter DMV
Public Assistance VA Kenai Peninsula Susan Smalley
Pastoral Care-Frank/Kya/Joshua Soldotna Animal Hospital Raw Cuts
Tamara Mapes Peninsula Dog Obedience Group
Thank you to our sponsors!
Ministries of the Living Stone PCHS
Church of Jesus Christ of Latter-Day Saints PHC
AIH Our Lady of Perpetual Help Catholic Church
Breathe Free Coalition Safe Kids
Cook Inlet Counseling Soldotna Animal Hospital
Fred Meyer Soldotna Chamber of Commerce
Home Depot Soldotna Church of God
ILC Our Lady of the Angels Catholic Church
Jennifer Randleas Serenity House
Kenai Middle School Soldotna Regional Sports Complex
KP Interfaith Group Soldotna Rotary Club
Kenai Peninsula Foundation Soldotna Safeway
Kenai Public Health Soldotna United Methodist Church
Kenai Safeway Three Bears
Kenai SBS Walmart
Kenai United Methodist Church
KIT
KPAL
Midnight Son SDA Church
Nikiski United Methodist Church
Thank you for allowing us to speak today.
At Project Homeless Connect, we believe
that no one deserves to lose hope. Help us
help them in 2025.
Questions?
1 | Page
KENAI PENINSULA
2024 PROJECT HOMELESS CONNECT
REPORT
No one deserves to lose hope
2 | Page
The Homeless Action Coalition is proud to report on the Kenai Peninsula’s 13th Annual Project
Homeless Connect event held on January 30, 2024. Our success is due to the collaborative effort
between service providers, the private sector, volunteers, and the community members.
A special thank-you to the following:
Event Co-Chairs: Kathy Gensel & Frank Alioto Donations: Melissa Kline
Intake: Cheri Smith Volunteers: Beth Selby
Food: Greg Meyer Check Out: Melissa Kline
Provider Services/Vendors: Leslie Rohr Fundraising: Kathy Gensel
Publicity: Jodi Stuart Logistics: Kathy Gensel & Frank Alioto
Transportation: Jessica Schultz & Taylor Cochran
Steering Committee
Abby Struffert Gitano Morales Mary Starrs Armstrong
Alecia Gottlob Greg Meyers Matt Law
Amanda Perez Hadassah Knight Melissa Kline
Anna Eason Jason Warfle Missy Martin
Annie Garay Jennifer Randleas Pascale Dilley
Becky Friedman Jessica Schultz Karen Martin-Tichenor
Beth Selby Jodi Stuart Paul Whitney
Brent Hibbert Julie Bunch Raquel Eisenmann
Carolyn Potter Kathy Gensel Ronda Oglesby
Cheri Smith Kellie Bartelmay Sean Neil
Cinda Martin Leslie Rohr Sheryl Cook
Dixie St. John Levi Sutton Tamera Guth
Dolly Wiles Lindsey Anasogak Taylor Cochran
Ellen Grasso Margie McCord Tim Navarre
Foote Marquitta Andrus Tonya Silk
Frank Alioto Mary Bell
Demographics of Population Served
One hundred forty (140) individuals participated in the PHC event. The total household number
based on participant input was 203.
A total of 73 individuals (58%) who completed an Exit Survey reported this was their first time
participating in the Kenai Peninsula Project Homeless Connect event.
Additionally, six dogs received pet services at the event and an additional 15 participants received
assorted pet supplies.
3 | Page
Gender
Age
Frequency Percent
Under age 18 0 0
18 - 24 3 2%
25 - 34 23 16%
35-44 36 26%
45-54 28 20%
55-64 35 25%
65 and older 14 10%
NA / DK 1 1%
Total 140 100%
Race / Ethnicity
Frequency Percent
American Indian / AK Native 44 31%
Asian / Asian American 4 3%
Hispanic / Latino 1 1%
Black, African American 0 0
Native Hawaiian / Pacific
Islander
1 1%
Non-Hispanic/Non-Latino 1 1%
White 86 61%
Middle Eastern or North
African
0 0
NA / DK 3 2%
Total 140 100%
Frequency Percent
Male 70 50%
Female 70 50%
Transgender 0 0
Non-Binary 0 0
Questioning 0 0
Culturally specific identity 0 0
Different identity 0 0
NA / DK 0 0
Total 140 100%
4 | Page
Veteran
Frequency Percent
Yes 13 9%
No 126 90%
NA / DK 1 1%
Total 140 100%
Branch of Service
Frequency Percent
Air Force 2 14%
Army 7 50%
Navy 3 22%
Marine Corps 1 7%
Coast Guard 0 0
National Guard 0 0
NA / DK 1 7%
Total 14 100%
Slept Prior Night
Frequency Percent
Street / Homeless camp 1 1%
Abandoned property 4 3%
Vehicle / car 7 5%
Homeless shelter 15 10%
Friends / family 43 31%
My apartment / house 47 34%
Hotel / motel 4 3%
Jail / institution 0 0
Other 19 13%
Total 140 100%
Household
Frequency Percent
By Myself (single) 68 49%
With Household 72 51%
Total 140 100%
.
5 | Page
How long Homeless
Frequency Percent
Less than 1 year 55 39%
1 year or more 57 41%
Don’t know / Refused 28 20%
Total 140 100%
Number times homeless in past 3 years
1st time 39 28%
2 – 3 times 28 20%
4 or more times 44 31%
NA / DK 29 21%
Total 140 100%
Number Months spent 1 day homeless in past 3 years
Fewer than 12 months 52 37%
12 months or more 58 42%
NA / DK 30 21%
Total 140 100%
Disability
Frequency Percent
None 42 30%
Alcohol Use Disorder 16 17%
Chronic Health Condition 29 31%
Developmental 5 5%
Drug Use Disorder 20 21%
HIV/AIDS 1 1%
Mental Health Disorder 40 43%
Physical Disability 50 53%
NA / DK 4 2%
**Percentages above based on 94 individuals (67%) who disclosed one or more disabling conditions.
Survivor or Victim of Domestic Violence
Frequency Percent
Yes 59 42%
No 80 57%
NA / DK 1 1%
Total 140 100%
6 | Page
Participant Exit Survey = 125 (89%)
Rating
Excellent Very Good Fair Poor
The event was helpful to
me.
105 (84%) 16 (12%) 2 (2%) 2 (2%)
I felt respected and
supported.
NA
110 (88%)
4 (3%)
7 (6%) 3 (2%) 1 (1%)
How did you hear about the event?
Friend Freedom House Kasilof Church
Flyers Love, INC. Vet administration
Facebook Food Bank Social-media
Newspaper FCS Family
Neighbor PCHS Kenaitze
Word of mouth Job Center Doctor’s office
Church Diamond Willow Shelter
Cab driver MAAST
Would you use an Emergency Cold Weather Shelter in community if available?
• Yes = 109 (87%) No = 13 (11%) NA = 3 (2%)
Suggestions for notification of Cold Weather Shelter:
Radio or website Internet alert Call by phone Signs
Facebook TV Flyers Public announcement
Email Text Online ad
Number of Individuals in Household
Age 13 and Under 57
Age 14 - 24 16
Age 25 and Over 130
Total 203
Primary Reason for Homelessness+
Frequency Percent
Loss or lack of Job 19 15%
Work hours cut 0 0
Lack of or no money 13 10%
7 | Page
Rent / Utility Increase 2 2%
Lease Violation 0 0
Illness / Injury 13 10%
Substance Abuse 12 10%
Domestic Violence 4 3%
Family Dispute 1 1%
Aged out Foster Care 0 0
Jail / Prison Release 4 3%
Treatment Center Release 0 0
Loss of Roommate 1 1%
Divorce 2 2%
Eviction 1 1%
New to Community 4 3%
**Other (see below) 25 20%
NA / Refused 24 19%
Total 125 100%
**Other includes: cost of living, landlord passed away, lost apartment, disabled, fire, bad things
happen, senior and low income, bad choices, house fire, lack motivation, medical issues, bankrupt, lack
services, can’t find a home, no where to go, political, no place to rent, living in seasonal housing, no
transportation, living with family, house burned down, the place I was in didn’t work out.
Zip code of last permanent address
Frequency Percent
Kenai 44 35%
Soldotna 40 32%
Nikiski 5 4%
Sterling 10 8%
Kasilof 9 7%
Anchor Point 1 1%
Seward 1 1%
Shageluk 1 1%
Anchorage 4 3%
St. Paul 1 1%
Glenallen 1 1%
Texas 1 1%
Spokane 1 1%
Refused / don’t know 6 4%
Total 125 100%
Form of Transportation
Frequency Percent
Own Vehicle 47 38%
Friend/Family Member 22 18%
Public Transport 15 12%
8 | Page
Taxi 8 6%
Walk / Ride Bike 24 19%
Hitchhike 2 2%
NA / Refused 7 5%
Total 125 100%
Besides housing what is your primary need right now?
Food Driver’s license Propane Heat assistance
Clothing Car insurance Laundry / shower Help with storage
Transportation Dentist Counseling Child care
Money Rental assistance Baby items Home essentials
Housing/low -income Fire wood Children’s clothing Gas vouchers
Employment Insurance Glasses Pubic assistance
Heat Utility assistance Haircut Treatment
Basic hygiene items Dentures Job
Housing that allows pets Electric assistance Medical
**Food (32) clothing (13) and transportation (8) were the top requests
First Project Homeless Connect event? Yes = 73 (58%) No = 52 (42%)
9 | Page
Our gratitude and thanks to all the following volunteers, vendors, and donors who helped
make this event possible!
VOLUNTEERS
Abby Struffert Ellen Grasso Makayla Usuqf
Alaska Cab Ellen Sheehan Margaret Gilman
Alaska Christian College Ellie Ford Martha Merry
Alex Xavier Francine Mchinney Mary Hobbs
Alexander Roider Frank Alioto Mary May
Alicia Morgan Gail Kennedy Matthew Lay
Allie Taylor Gitano Morales Maureen DiFranco
Allison Bushnell Greg Meyer Melissa Crawford
Amanda McKinley Hal Smalley Melissa Kline
Amanda Motonaga Hanna Mahaffey Mersha Tamrat
Amanda Perez Hayley White Michelle Fellows
Anderson Fannon Hunter Morrison Michelle Jardine
Andy Knapp Issac Cryer Monica Kyle
Angelia Brandt Jade Hootch Natasha Mallett
Angie Hicks-Clary Jake Dye Nicki McTrusty
Angie Holland Jane Misner Nikita Monyahan
Anna Eason Jaylynn McWilliams Nikki Marcano
Annalea Lott Jennifer Flores Nila Sanchez
Annette Barngrover Jennifer Randleas Nora Ribbens
Annette Schultz Jodi Stewart Pat Kelley
10 | Page
Ashley Blatchford John Henry, Jr. Pat Young
Becky Friedman John Webster Patty Eissler
Bentley Hamilton Jon Johnson Paula Lee
Bessie Phillips Joshua Gorenflo Peggy Rogers
Beth Selby Julie Bunch Rachel Parra
Bexx Geleide Karen Davis Rebecca Geleide
Bobbi Stelljes Karla Evarts Rhonda Dolifka
Breanna Mahaffey Kate Cooper Ronda Oglesby
Brent Hibbert Kathy Gensel Sarah Rigsby
Caleb Smith Katie Cowgill Saundra Wellborn
CARTS Kaye Reed Shelly Ramsey
Casandra Storm Kaylie Williams Sheri Boggs
Cayla Boettcher Kellie Bartelmay Sherry Martinovich
Celestia Clark Kenia Belter Shyla Mae Walton
Chelsey Carter Kiara Bravo-Moe Sofia Costales
Cheri Smith Kim Fannon Stan Steadman
Cheryl Coppe Kim Lewis Summer Sheldon
Christianne Beiger Kay Gorenflo Summer Trefon
Cindy Long Laine Povelite Susie Smalley
Clint Hagel LaShon Evans Tamera Mapes
Clint Hall Laurie Cowgill Tasha Gilila
Corey Colella Leslie Rohr Taylor Andrew
Courtney Mitchell Linda Tannehill Taylor Cochran
Deb Canavan Lindsay Anasogak Tim Linder
Deidra Lamping Lisa Hutchens Tim Navarre
Dennis Alder Lyndzi Gaucin Vicky Hodgin
Edan Rochford Lynnette Haas
VENDORS
ABC Life Choices Love, INC.
AK. Breast & Cervical Screening/S.A.F.R. Narcotics Anonymous
AK. Housing Finance Corporation Nikiski Shelter of Hope
Alaska State Commission for Human Rights Pastoral Care
Breathe Free Coalition Peninsula Community Health Services
CARTS Peninsula Job Service
Change 4 the Kenai Peninsula Spay and Neuter
Cook Inlet Counseling Raw Cuts
Freedom House Salvation Army
Frontier Community Services SinShearly
Independent Living Center SNAP
Kachemak Bay Family Planning Clinic SOA DMV
Kenai Lions Club SOA Public Assistance
Kenai Peninsula Food Bank Soldotna Family Search Center
11 | Page
Kenai Public Health Susan Smalley
Kenai Vet Center Tamera Mapes
Kenaitze Indian Tribe The LeeShore Center
KPAL Veteran’s Affair, Kenai Peninsula
CASH AND IN-KIND DONATIONS
AIH Kenai United Methodist Church
Alaska Housing Finance Corporation Kenaitze Indian Tribe
Alaska Mental Health Trust KPAL
Beckaroo & The Bread Guy Midnight Son SDA Church
Breath Free Coalition Ministry of the Living Stones & Mamma
Bishop’s Attic Nikiski United Methodist Church
Central Peninsula Hospital Odom Corporation
Christ Lutheran Church Our Lady of Perpetual Help Catholic Church
Church of Jesus Christ of Latter-Day Saints Our Lady of the Angels Catholic Church
City of Kenai Peninsula Community Health Services
City of Soldotna Peninsula Dog Obedience Group
Cook Inlet Counseling Project Homeless Connect
Fine Thyme Café Safe Kids
Fred Meyer Serenity House
Home Depot Soldotna Animal Hospital
Independent Living Center Soldotna Chamber of Commerce
Jennifer Randleas Soldotna Church of God
Kenai Middle School Soldotna Regional Sports Complex
Kenai Peninsula Interfaith Group Soldotna Rotary Club
Kenai Peninsula Food Bank Soldotna Safeway
Kenai Peninsula Foundation Soldotna United Methodist Church
Kenai Public Health Three Bears
Kenai Safeway Walmart
Kenai Spenard Builders Supply
We sincerely apologize if we have missed any donor or volunteers
Endnote: Data was secured through the PHC event on January 30, 2024.
1
FISCAL YEARS 2025 – 2029
CITY OF KENAI TERRY EUBANK SCOTT CURTIN
CITY HALL CITY MANAGER PUBLIC WORKS DIRECTOR
210 FIDALGO AVENUE TEUBANK@KENAI.CITY SCURTIN@KENAI.CITY
KENAI, AK 99611 907-283-8223 907-283-8236
2
TABLE OF CONTENTS
Page 3
INTRODUCTION
Page 5
AIRPORT FUND
Page 13
GENERAL FUND
Page 29
WATER & SEWER FUND
Page 45
SENIOR CITIZENS FUND
Page 49
CONGREGATE HOUSING FUND
Page 53
PERSONAL USE FISHERY FUND
Page 57
APPENDIX A – CAPITAL PROJECT SCHEDULE
(INCLUDES PREVIOUSLY FUNDED PROJECTS AND FY25 PROPOSED PROJECTS)
3
INTRODUCTION
The City of Kenai's five-year Capital Improvement Plan (CIP) is developed by the
Public Works Department in coordination with other City departments,
Administration, Boards and Commissions, and the City Council for the purpose of
long-range capital improvement planning and budgeting. A capital improvement
project is typically a one-time expenditure, usually, in excess of $35,000, that has a
useful life exceeding one year or is a major project such as a comprehensive or
master plan. Capital projects on existing assets are included in the CIP, provided
they meet the definition of a capital project. Projects can focus on immediate needs
or anticipate future needs before critical failures and are developed based on an
internal process that determines funding availability and infrastructure needs.
The CIP is divided into six parts based on the City Fund from which the project
would be funded. These include the Airport Fund, General Fund, Water & Sewer
Fund, Senior Citizens Fund, Congregate Housing Enterprise Fund, and Personal Use
Fishery Fund. Projects are not necessarily listed in priority order for each Fund by
fiscal year. Active projects that have been funded in prior years are not included in
the Plan.
Projects that are identified in the CIP are included for planning purposes and to
recognize a need. Not all projects receive the necessary funding to accomplish
them in a projected year, which is why the list is updated annually. Many projects
are dependent on non-City funding sources, which the City can expect to seek, but
are not guaranteed to receive. The availability of outside funds can vary with local,
state, and federal economies, and the City's needs can, and do, change frequently.
4
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5
AIRPORT FUND
FY2025
No
Project Name
Total Project Cost
Grant
Funding
City Funding
1* Rehabilitate Runway 2L / 20R – Construction $24,913,286 $23,356,206 $424,194*
2 Perimeter Fence Line Improvements $3,960,000 $3,712,500 $247,500
3 Airport Master Plan - Phase 2 $1,000,000 $937,500 $62,500
4 Acquire ARFF Vehicle $1,000,000 $937,500 $62,500
Totals
$30,873,286
$28,943,706
$796,694
FY2026
No
Project Name
Total Project Cost
Grant
Funding
City Funding
5* Rehab. TW A/B/C/D/E/K/L/M - Construction $14,479,600 $13,574,625 $578,661*
6 Terminal Road & Parking Lot Improvements $1,750,000 $1,640,625 $109,375
Totals
$16,229,600
$15,215,250
$688,036
FY2027
No
Project Name
Total Project Cost
Grant
Funding
City Funding
7
Float Basin TW Sierra w/Access Control &
Lighting
$3,100,000
$2,906,250
$193,750
8
EA/Design/Construct Apron & Willow St
Extension
$2,203,125
$2,203,125
$146,875
Totals
$5,403,125
$5,109,375
$340,625
FY2028
No
Project Name
Total Project Cost
Grant
Funding
City Funding
9 EA/Design - ARFF Building Roof Replacement $100,000 $93,750 $6,250
Totals
$100,000
$93,750
$6,250
6
FY2029
No
Project Name
Total Project Cost
Grant
Funding
City Funding
10 Construct - ARFF Building Roof Replacement $900,000 $843,750 $56,250
Totals
$900,000
$843,750
$56,250
Total Project Cost
Grant
Funding
City Funding
Airport FY2025-2029 Grand Totals
$53,506,011
$50,205,831
$1,887,855
** PROJECTS WITH ASTERISK HAVE HAD ADDITIONAL CITY FUNDING PROVIDED IN PREVIOUS FISCAL
YEAR(S). CITY FUNDING INDICATED IS SPECIFIC TO FISCAL YEAR AND MAY NOT INCLUDE ALL CITY
FUNDING TO DATE
7
AIRPORT FUND PROJECTS
RUNWAY 2L/20R REHABILITATION -
CONSTRUCTION
Department: Airport
Total Project Cost: $23,780,400
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): Grant / Airport Fund
Potential Grant Identified: Federal Aviation
Administration
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $24,913,286
Details: This project will rehabilitate Kenai Municipal Airport’s primary Runway 2L/20R to current
standards. The work will involve milling of the existing runway surface and placement of new
asphalt surfaces along the 7,855 lineal feet in length by 150 lineal feet in width runway. HDL
Engineering Consultants continues to develop design documents anticipated to be completed
late in 2024. The project has been moving up through our program with the Federal Aviation
Administration and we anticipate grant funds to become available in mid calendar year 2025 to
complete the construction phase. The City has forward funded the design effort to date.
PERIMETER FENCE LINE IMPROVEMENTS
Department: Airport
Total Project Cost: $3,960,000
Project Phased: No
Project Type: Safety
Funding Source(s): Grant / Airport Fund
Potential Grant Identified: Federal Aviation Admin
Operating Budget Impact: Minimal or No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $3,960,000
Details: This project will remove and replace existing chain link fencing around the airport’s
perimeter to prevent wildlife from accessing the airfield. Assessment of current conditions and
design documents will be completed in 2024 in advance of the 2025 grant application season.
8
AIRPORT FUND PROJECTS
AIRPORT MASTER PLAN – PHASE 2
Department: Airport
Total Project Cost: $1,000,000
Project Phased: Yes
Project Type: Planning
Funding Source(s): Grant / Airport Fund
Potential Grant Identified: Federal Aviation Admin.
Operating Budget Impact: Minimal or No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $1,000,000
Details: Airport Master Plans are typically updated every 5-7 years, with ENA’s current Master
Plan finalized in 2017. This document is a requirement from the Federal Aviation Administration
(FAA) to support the continued growth and operation of the Airport. It is a planning document
that assists the City and FAA with project development. Phase 1 work is taking place throughout
2024, Phase 2 will complete the project.
ACQUIRE ARFF VEHICLE
Department: Airport
Total Project Cost: $1,000,000
Project Phased: No
Project Type: Equipment
Funding Source(s): Grant / Airport Fund
Potential Grant Identified: Federal Aviation Admin
Operating Budget Impact: Minimal or No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $1,000,000
Details: This project will replace an existing 1992 model year Oshkosh TA1500 unit to allow for
continued efficient airfield operations and safety standards. The unit will be purchased through
the State of Alaska AIP Fleet purchasing contract.
9
AIRPORT FUND PROJECTS
REHAB TW A/B/C/D/E/K/L/M -
CONSTRUCTION
Department: Airport
Total Project Cost: $14,479,600
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): Grant / Airport Fund
Potential Grant Identified: Federal Aviation Admin
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $14,479,600
Details: This project will rehabilitate runway taxiways A, B, C, D, E, K, L, M to current standards.
The work will involve milling of the existing taxiways and placement of new asphalt surfaces,
markings, and lighting. HDR Engineering continues to develop design documents in coordination
with the Runway Rehab work. These documents will be completed in advance of the 2026 grant
season as coordinated with the Federal Aviation Administration. The City has forward funded
the design effort to date.
TERMINAL ROAD AND PARKING LOT IMPROVEMENTS
Department: Airport
Total Project Cost: $1,750,000
Project Phased: No
Project Type: Infrastructure
Funding Source(s): Grant / Airport Fund
Potential Grant Identified: Federal Aviation
Admin
Operating Budget Impact: Slight Increase
YEAR: 2025 2026 2027 2028 2029
COST: $1,750,000
Details: This project will rehabilitate the primary airport terminal access road and provide for
parking lot expansion to the south. Parking lot lighting will be included with this work within the
affected areas.
10
AIRPORT FUND PROJECTS
FLOAT BASIN TW SIERRA W/ACCESS
CONTROL & LIGHTING
Department: Airport
Total Project Cost: $3,100,000
Project Phased: No
Project Type: Infrastructure / Technology
Funding Source(s): Grant / Airport Fund
Potential Grant Identified: Federal Aviation
Administration
Operating Budget Impact: Slight Increase
YEAR: 2025 2026 2027 2028 2029
COST: $3,100,000
Details: The development of the Kenai Municipal Airport (ENA) Seaplane Base (SPB) is critical to
the growth of the airport. The SPB is fundamental to de-conflicting General Aviation (GA)
operations and Commercial Aircraft Operations, it allows for the continued growth of GA to the
west and frees up prime commercial aviation property on the east side of the airport and South
Airpark. The project will establish the foundation for the continued growth of the SPB by
appropriately connecting the SPB to the main runway, and making several plots available for
hangar, tie-down, and other GA services development.
EA / DESIGN / CONSTRUCTION APRON
& WILLOW ST. EXTENSION
Department: Airport
Total Project Cost: $2,350,000
Project Phased: No
Project Type: Land Improvement / Infrastruct.
Funding Source(s): Grant / Airport Fund
Potential Grant Identified: Federal Aviation
Administration
Operating Budget Impact: Slight Increase
YEAR: 2025 2026 2027 2028 2029
COST: $2,350,000
Details: This project would extend the apron taxiway 600 feet for lease lots and N. Willow St.
extension (road and utilities) as well as provide for lease lot development (five acres).
11
AIRPORT FUND PROJECTS
EA / DESIGN / CONSTRUCTION ARFF BUILDING ROOF REPLACEMENT
Department: Airport
Total Project Cost: $1,000,000
Project Phased: No
Project Type: Building Improvement
Funding Source(s): Grant / Airport Fund
Potential Grant Identified: Federal Aviation
Administration
Operating Budget Impact: None
YEAR: 2025 2026 2027 2028 2029
COST: $100,000 $900,000
Details: The Kenai Municipal Airport’s Aircraft Rescue Fire Fighting Operations Facility located at
515 N. Willow St. finished construction in 2001. The facility’s EPDM roof system encompassing
approximately 19,637 square feet will be reaching the end of its intended useful life. This project
will provide design documents for a complete roof replacement. Design documents will be
prepared in FY2028 with construction scheduled to take place in FY2029.
12
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13
GENERAL FUND
FY2025
No
Project Name
Total Project Cost
Grant
Funding
City Funding
1 Wildwood Drive Rehabilitation-Construction $1,000,000 $800,000 $0*
2 Lilac Street Rehabilitation – Construction $700,000 $700,000
3 Public Main walk Replacements & ADA
Warning - Design
$40,000
$40,000
4 Youth Corridor Pedestrian & Roadway
Improvements – 35% Design Development
$160,000
$160,000
5 Emergency Services Facility Improvement –
35% Design Development $225,000 $225,000
6 Old Town Park Reconstruction $1,635,000 $981,000 $654,000
7 Street Lighting Improvements - Construction $400,000 $400,000
8 Tractor Replacement $80,000 $80,000
9 Parks & Recreation Master Plan $70,000 $70,000
Totals
$4,310,000
$1,941,000
$2,169,000
FY2026
No
Project Name
Total Project Cost
Grant
Funding
City Funding
10 Aliak Stormwater and Paving Repair –
Construction $420,000 $400,000 $20,000
11 Public Main walk Replacements & ADA
Warning - Construction $560,000 $480,000 $80,000
12 Flight Services RTU Replacements $350,000 $350,000
13 Beaver Creek Replace Pavilion $50,000 $50,000
14 Tractor Replacement $70,000 $70,000
15 City Hall Improvements – Construction $800,000 $640,000 $160,000
Totals
$2,250,000
$1,520,000
$730,000
FY2027
No
Project Name
Total Project Cost
Grant
Funding
City Funding
16 Future Stormwater Improvements $240,000 $200,000 $40,000
17 Gravel Roadway Improvements – Design $200,000 $200,000
18 Asphalt Roadway Improvements – Design $200,000 $200,000
Totals
$640,000
$200,000
$440,000
14
FY2028
No
Project Name
Total Project Cost
Grant
Funding
City Funding
19 Gravel Roadway Improvements –
Construction $1,000,000 $800,000 $200,000
20 Asphalt Roadway Improvements –
Construction $1,000,000 $800,000 $200,000
21 Florida Avenue Roadway Development –
Design $120,000 $120,000
22 Relocation of Parks & Rec to Daubenspeck –
Design $150,000 $150,000
23 Multipurpose Facility Roof – Design $75,000 $75,000
Totals
$2,345,000
$1,600,000
$745,000
FY2029
No
Project Name
Total Project Cost
Grant
Funding
City Funding
24 Relocation of Parks & Rec to Daubenspeck –
Construction $3,000,000 $2,400,000 $600,000
25 Multipurpose Facility Roof – Construction $850,000 $680,000 $170,000
26 Florida Avenue Roadway Development –
Construction $700,000 $700,000
Totals
$4,550,000
$3,080,000
$1,470,000
Total Project Cost
Grant
Funding
City Funding
General Fund FY2025-2029 Grand Totals
$14,095,000
$8,341,000
$5,554,000
** PROJECTS WITH ASTERISK HAVE HAD ADDITIONAL CITY FUNDING PROVIDED IN PREVIOUS FISCAL
YEAR(S). CITY FUNDING INDICATED IS SPECIFIC TO FISCAL YEAR AND MAY NOT INCLUDE ALL CITY
FUNDING TO DATE
15
GENERAL FUND PROJECTS
WILDWOOD DRIVE REHABILITATION -
CONSTRUCTION
Department: Public Works
Total Project Cost: $1,000,000
Project Phased: No.
Project Type: Infrastructure
Funding Source(s): General Fund / Grant
Potential Grant Identified: State of Alaska
Operating Budget Impact: Moderate Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $1,000,000*
Details: This project will rehabilitate Wildwood Dr. from the Kenai Spur Highway to the
entrance of the Wildwood Correctional Facility, approximately 2300lf. The roadway has
severely deteriorated over its 50+ year life. The State of Alaska Department of Corrections is
the primary user of the roadway with 85% of all traffic accessing the facility. The project has
been delayed for years due to ownership concerns of the right of way with the Kenai Native
Association, and lack of available grant funds from the State.
LILAC STREET REHABILITATION –
CONSTRUCTION
Department: Public Works
Total Project Cost: $700,000
Project Phased: No
Project Type: Infrastructure
Funding Source(s): General Fund
Potential Grant Identified: State Capital Project
Submission and Federal Grants to Be Identified
Operating Budget Impact: Moderate Increase
YEAR: 2025 2026 2027 2028 2029
COST: $700,000 Details: This project replaces the failed concrete curb in affected areas, re-stabilizes settled
subbase areas, and provides a new asphalt surface course along approximately 1600 linear feet
of 30-foot wide roadway. Lilac Lane is located off the Spur Highway and Cook Inlet View Drive
on the north side of Kenai. The roadway and concrete curb and gutter are suffering from the
severe settlement in multiple areas.
16
GENERAL FUND PROJECTS
PUBLIC MAIN WALK REPLACEMENTS & ADA WARNING PADS -
DESIGN
Department: Public Works
Total Project Cost: $40,000
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): General Fund
Potential Grant Identified: State Capital Project
Submission and Federal Grants to Be Identified
Operating Budget Impact: None
YEAR: 2025 2026 2027 2028 2029
COST: $40,000 Details: This project will begin to address the numerous cracked public main walks in various
locations around the City. Intersections will receive ADA-stamped indicator pads in yellow.
YOUTH CORRIDOR PEDESTRIAN AND ROADWAY IMPROVEMENTS
35% DESIGN DOCUMENTS
Department: Public Works
Total Project Cost: $160,000
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): Grant Dependent | Bonding
Potential Grant Identified: State Capital Project
Submission and Federal Grants to Be Identified
Operating Budget Impact: Slight Increase
YEAR: 2025 2026 2027 2028 2029
COST: $160,000 Details: This project seeks to improve safety, visibility & security to families accessing the Kenai
Middle School, High School, Challenger Center and Ice Rink. Project extends from the Spur
Highway down Tinker Ln. to Lawton Dr. turning west to Walker Ln. Sidewalks, bike lane,
Roadway and Street Lighting Improvements are all proposed with the project. This is a
significant project that would affect approximately 7000lf of roadway throughout our densely
populated school zone.
17
GENERAL FUND PROJECTS
EMERGENCY SERVICES FACILITY ASSESSMENT / IMPROVEMENT
35% DESIGN DOCUMENTS
Department: Police Department/Fire Department
Total Project Cost: $225,000
Project Phased: Yes
Project Type: Facility Improvement
Funding Source(s): Grant / General Fund
Operating Budget Impact: None
YEAR: 2025 2026 2027 2028 2029
COST: $225,000 Details: This project will evaluate the needs of the emergency services departments and assess
the existing conditions of their current facility to determine whether renovations to the 50+
year old facility or new construction is the most appropriate course of action. The existing
building is known to have asbestos which has limited opportunities for smaller renovations.
This preliminary set of design documents will be used to seek grant opportunities.
OLD TOWN PLAYGROUND RECONSTRUCTION
Department: Parks and Recreation
Total Project Cost: $1,635,000
Project Phased: Yes
Project Type: Park Development
Funding Source(s): Grant Dependent | Bonding
Potential Grant Identified: State Capital Project
Submission and Federal Grants to Be Identified
Operating Budget Impact: Minimal to No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $654,000 $661,000 $320,000
Details: This project will replace aging equipment at the Park on Peninsula Ave adjacent to the
Fine Arts Center. The area of Old Town attracts numerous visitors every year. The park is located
two blocks from the Visitor’s Center and is in close proximity to several large housing complexes
providing plenty of children to utilize the park. The project design was completed in the fall of
2023 in coordination with the Kenaitze Indian Tribe and Salamatof Native Association who are
assisting with grant applications.
18
GENERAL FUND PROJECTS
STREET LIGHTING IMPROVEMENTS - CONSTRUCTION
Department: Public Works
Total Project Cost: $400,000
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): General Fund
Potential Grant Identified: DOT Grant
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $400,000 Details: This project will identify underserved and problem locations for street lighting to
improve safety and security for citizens. New lighting will be LED to reduce energy and
maintenance costs. This first project will provide for the design and identification of locations
to be served.
TRACTOR REPLACEMENT
Department: Parks & Recreation
Total Project Cost: $80,000
Project Phased: No
Project Type: Equipment
Funding Source(s): General Fund
Potential Grant Identified: None
Operating Budget Impact: Minimal
YEAR: 2025 2026 2027 2028 2029
COST: $80,000
Details: This project will replace aging existing equipment with new. Tractor and various
attachments including a wide area mower deck and snow removal components are anticipated.
Equipment is planned for year-round use.
19
GENERAL FUND PROJECTS
PARKS & RECREATION MASTER PLAN
Department: Parks & Recreation
Total Project Cost: $70,000
Project Phased: No
Project Type: Park Improvement
Funding Source(s): Grant Dependent | Bonding
Potential Grant Identified: State Capital Project
Submission and Federal Grants to Be Identified
Operating Budget Impact: Slight Increase
YEAR: 2025 2026 2027 2028 2029
COST: $70,000
Details: This project will seek professional services to assist with the development of a Parks
and Recreation Master Plan. All existing park facilities will be evaluated. The Master Plan
document will be used to direct future funding toward the most desired and appropriate uses
first.
ALIAK STORM WATER & PAVING REPAIR –
CONSTRUCTION
Department: Public Works
Total Project Cost: $420,000
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): State Grant / General Fund
Potential Grant Identified: None
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $420,000 Details: This project will begin to address a failed stormwater line on Aliak Dr. between
Candlelight Dr. and Highbush Ln. The galvanized piping has collapsed in several locations which
cause the occasional sinkhole to surface after significant runoff. The photo above is from April
2021 shortly after the breakup. Staff has been filling these in with gravel and then patching the
asphalt as a short-term solution. This project will require the removal of sections of the
roadway and the replacement of existing stormwater piping with new and then resurfacing of
the roadway.
20
GENERAL FUND PROJECTS
PUBLIC MAIN WALK REPLACEMENTS & ADA WARNING PADS -
CONSTRUCTION
Department: Public Works
Total Project Cost: $560,000
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): Grant Dependent | Bonding
Potential Grant Identified: State Capital Project
Submission and Federal Grants to Be Identified
Operating Budget Impact: Slight Increase
YEAR: 2025 2026 2027 2028 2029
COST: $560,000 Details: This project will begin to address the numerous cracked public main walks in various
locations around the City. Intersections will receive ADA stamped indicator pads in yellow.
Priority will be placed on higher traffic areas including school routes on Forest Ave and Frontage
Rd.
FLIGHT SERVICES RTU REPLACEMENTS
Department: Public Works
Total Project Cost: $350,000
Project Phased: No
Project Type: Building Improvement
Funding Source(s): General Fund
Potential Grant Identified: None
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $350,000 Details: This is a planned replacement project for air handling units reaching the end of their
useful life. This work will provide for the efficient and reliable function of HVAC systems at the
facility currently being leased by the Federal Aviation Administration (FAA). This was a planned
replacement for 2025, however units remain in service at this time.
21
GENERAL FUND PROJECTS
BEAVER CREEK PARK REPLACEMENT PAVILION
Department: Parks and Recreation
Total Project Cost: $50,000
Project Phased: No
Project Type: Park Improvement / Building
Funding Source(s): General Fund
Potential Grant Identified: None
Operating Budget Impact: Slight Increase
YEAR: 2025 2026 2027 2028 2029
COST: $50,000 Details: Construct a new pavilion at Beaver Creek Park located just off the Spur Highway on
Parkside Dr. This will be a wood frame structure consistent with other similar structures within
the City.
TRACTOR REPLACEMENT
Department: Parks & Recreation
Total Project Cost: $80,000
Project Phased: No
Project Type: Equipment
Funding Source(s): General Fund
Potential Grant Identified: None
Operating Budget Impact: Minimal
YEAR: 2025 2026 2027 2028 2029
COST:
$70,000
Details: This project will replace aging existing equipment with new. Tractor and various
attachments including a wide area mower deck and snow removal components are anticipated.
Equipment is planned for year-round use.
22
GENERAL FUND PROJECTS
CITY HALL IMPROVEMENTS -
CONSTRUCTION
Department: Public Works
Total Project Cost: $800,000
Project Phased: No
Project Type: Building Improvement
Funding Source(s): Grant / General Fund
Potential Grant Identified: State Capital Project
Submission and Federal Grants to be Identified
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $800,000 Details: This project will replace the 40+ year old exterior doors, windows, exterior siding and
mechanical ventilation systems. The facility has struggled with drafts and air quality issues for
some time. Project is expected to reduce facility heating costs.
FUTURE STORMWATER IMPROVEMENTS
Department: Public Works
Total Project Cost: $240,000
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): Grant / General Fund
Potential Grant Identified: None
Operating Budget Impact: Slight Increase
YEAR: 2025 2026 2027 2028 2029
COST: $240,000 Details: This project will allow Public Works to continue to address stormwater runoff, culvert,
and catch basin issues as they continue to deteriorate throughout the City.
23
GENERAL FUND PROJECTS
GRAVEL ROADWAY IMPROVEMENTS – DESIGN
Department: Public Works
Total Project Cost: $200,000
Project Phased: No
Project Type: Infrastructure / Roadway Improvement
Funding Source(s): General Fund
Potential Grant Identified: None
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $200,000 Details: This project will develop bid ready construction documents to improve several existing
gravel roadways within the City. Work will consist of ditching and drainage improvements,
removal of soft spots, and capping of roadway with new gravel lift. The primary roadway of
current concern is Phillips Ave. which experiences severe drainage issues each spring.
ASPHALT ROADWAY IMPROVEMENTS - DESIGN
Department: Public Works
Total Project Cost: $200,000
Project Phased: No
Project Type: Infrastructure / Roadway Improvement
Funding Source(s): General Fund
Potential Grant Identified: None
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $200,000 Details: This project will provide bid ready construction documents to continue with the City’s
pavement replacement plan. A Roadway Improvement Survey was completed in 2009, this
document along with ongoing site assessments is directing maintenance work. Specific project
to be further identified as project draws closer.
24
GENERAL FUND PROJECTS
GRAVEL ROADWAY IMPROVEMENTS – CONSTRUCTION
Department: Public Works
Total Project Cost: $800,000
Project Phased: No
Project Type: Infrastructure / Roadway Improvement
Funding Source(s): Grant / General Fund
Potential Grant Identified: None
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $800,000 Details: This project will improve several existing gravel roadways within the City. Work will
consist of ditching and drainage improvements, removal of soft spots, and capping of roadway
with new gravel lift. The primary roadway of current concern is Phillips Ave. which experiences
severe drainage issues each spring.
ASPHALT ROADWAY IMPROVEMENTS - CONSTRUCTION
Department: Public Works
Total Project Cost: $800,000
Project Phased: No
Project Type: Infrastructure / Roadway Improvement
Funding Source(s): Grant / General Fund
Potential Grant Identified: None
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $800,000 Details: This project will continue with the City’s pavement replacement plan. A Roadway
Improvement Survey was completed in 2009, this document along with ongoing site
assessments is directing maintenance work. Specific project to be further identified as project
draws closer.
25
GENERAL FUND PROJECTS
FLORIDA AVENUE ROADWAY DEVELOPMENT - DESIGN
Department: Public Works
Total Project Cost: $120,000
Project Phased: No
Project Type: Infrastructure / Roadway Improvement
Funding Source(s): General
Potential Grant Identified: None
Operating Budget Impact: Slight Increase
YEAR: 2025 2026 2027 2028 2029
COST: $120,000 Details: This is a joint project with the Water & Sewer Utility to extend a 12” water main down
Florida Avenue from Fifth Street to First Street. This area of town dates to old military base
days, and the existing water mains serving homes on First and Second Streets is only 4” in size.
The new 12” main will divide the neighborhood so fewer homes are being served from the 4”
line. As this work will destroy the roadway, roadway improvements will be included with
reinstallation of concrete curb and gutter and asphalt roadway surfacing. The Water & Sewer
Fund is providing funding for the water line work including design, general fund is only covering
costs for roadway improvements.
RELOCATION OF PARKS & REC TO DAUBENSPECK – DESIGN
Department: Parks and Recreation
Total Project Cost: $150,000
Project Phased: Yes
Project Type: Building
Funding Source(s): General
Potential Grant Identified: None
Operating Budget Impact: Moderate Increase
YEAR: 2025 2026 2027 2028 2029
COST: $150,000 Details: This project will relocate Park & Rec facilities from their current location at 332 Airport
Way over to 550 Daubenspeck where the Streets, Shop, and Building Maintenance division
currently reside. A new building including garage and office space shall be provided.
26
GENERAL FUND PROJECTS
MULTIPURPOSE FACILITY ROOF - DESIGN
Department: Public Works
Total Project Cost: $75,000
Project Phased: No
Project Type: Building Maintenance
Funding Source(s): General
Potential Grant Identified: None
Operating Budget Impact: None
YEAR: 2025 2026 2027 2028 2029
COST: $75,000 Details: The Multipurpose facility was constructed in 1999. The ice rink facility has had a fair
amount of condensation issues over the years due to maintaining heat during hockey games.
This project is to acknowledge the roof will be 30 years old at this time and may be in need of
replacement.
RELOCATION OF PARKS & REC TO DAUBENSPECK
Department: Parks and Recreation
Total Project Cost: $3,000,000
Project Phased: Yes
Project Type: Building / Department Relocate
Funding Source(s): Grant Dependent | Bonding
Potential Grant Identified: State Capital Project
Submission and Federal Grants to Be Identified
Operating Budget Impact: Moderate Increase
YEAR: 2025 2026 2027 2028 2029
COST: $3,000,000
Details: This project will relocate Park & Rec facilities from their current location at 332 Airport
Way over to 550 Daubenspeck where the Streets, Shop, and Building Maintenance division
currently reside. A new building including garage and office space shall be provided.
27
GENERAL FUND PROJECTS
MULTIPURPOSE FACILITY ROOF -
CONSTRUCTION
Department: Public Works
Total Project Cost: $850,000
Project Phased: No
Project Type: Building Maintenance
Funding Source(s): Grant / General Fund
Potential Grant Identified: None
Operating Budget Impact: None
YEAR: 2025 2026 2027 2028 2029
COST: $850,000
Details: The Multipurpose facility was constructed in 1999. This ice rink facility has had a fair
amount of condensation issues over the years due to maintaining heat during hockey games.
This project is to acknowledge the roof will be 30 years old at this time and may be in need of
replacement.
FLORIDA AVENUE ROADWAY DEVELOPMENT - CONSTRUCTION
Department: Public Works
Total Project Cost: $700,000
Project Phased: No
Project Type: Infrastructure / Roadway & Utility
Funding Source(s): General Fund / Water Sewer Fund
Potential Grant Identified: None
Operating Budget Impact: Moderate Increase
YEAR: 2025 2026 2027 2028 2029
COST: $700,000
Details: This is a joint project with the Water & Sewer Utility to extend a 12” water main down
Florida Avenue from Fifth Street to First Street. This area of town dates to old military base
days, and the existing water mains serving homes on First and Second Streets is only 4” in size.
The new 12” main will divide the neighborhood so fewer homes are being served from the 4”
line. As this work will destroy the roadway, roadway improvements will be included with
reinstallation of concrete curb and gutter and asphalt roadway surfacing. The Water & Sewer
Fund is providing funding for the water line work including design, general fund is only covering
costs for roadway improvements.
28
Blank
29
WATER & SEWER FUND
FY2025
No
Project Name
Total Project Cost
Grant
Funding
City Funding
1
Operator Truck 1/2 Ton
(Split between Water &Sewer)
$65,000
$65,000
2
Operator Truck 3/4 Ton
(Split between Water &Sewer)
$80,000
$80,000
2 Lead Service Line Inventory Support Services $100,000 $58,000 $42,000
4 Lift Station Phase 1 Supplement $300,000 $300,000
5 Broad Street Lift Station Renovation –
Design
$220,000
$220,000
6
WWTP Operations Bldg. Replacement –
Design
$500,000
$400,000
$100,000
7 CCTV Equipment $100,000 $100,000
Totals
$1,365,000
$458,000
$907,000
FY2026
No
Project Name
Total Project Cost
Grant
Funding
City Funding
8
Airport Res Pump House Improvements –
Design
$180,000
$180,000
9 Disinfectant Generation Equipment – Design $100,000 $100,000
10 GIS Mapping Improvements $200,000 $200,000
11 WTP Fencing Improvements $100,000 $100,000
12
WWTP Operations Bldg. Replacement –
Construction
$TBD
$TBD
$TBD
13 WWTP Fencing Improvements $100,000 $100,000
14 Broad Street Lift Station Renovation Phase 2 -
Construction
$TBD
$TBD
$TBD
Totals
$680,000
$TBD
$680,000
30
FY2027
No
Project Name
Total Project Cost
Grant
Funding
City Funding
15 Airport Res Pump House Improvements –
Construction
$TBD
$TBD
$TBD
16
Disinfectant Generation Equipment –
Construction
$500,000
$480,000
$20,000
17 Water Main Valve Replacements I $160,000 $160,000
18 Water Main Line Improvements I $250,000 $250,000
19 Water Meter / Software Equipment $100,000 $100,000
20 Airport Reservoir Tank Exterior Assessment $30,000 $30,000
21 Major Wellhead Maintenance I $100,000 $100,000
Totals
$1,140,000
$480,000
$660,000
FY2028
No
Project Name
Total Project Cost
Grant
Funding
City Funding
22 Airport Reservoir Tank Exterior Repair $270,000 $270,000
23 Water Main Valve Replacements II $160,000 $160,000
24 Florida Ave Water Main – Design $50,000 $50,000
25 WWTP Effluent Flow Monitoring/Auto Dosing $225,000 $225,000
26 Vac Truck $500,000 $400,000 $100,000
Totals
$1,205,000
$400,000
$805,000
FY2029
No
Project Name
Total Project Cost
Grant
Funding
City Funding
27 Florida Ave Water Main – Construction $240,000 $240,000
28 WWTP Influent Pump Station $1,000,000 $800,000 $200,000
Totals
$1,240,000
$800,000
$440,000
Total Project Cost
Grant
Funding
City Funding
W & S Fund FY2025-2029 Grand Total
$5,630,000
$2,138,000
$3,492,000
31
WATER & SEWER PROJECTS
OPERATORS TRUCK
Department: Public Works – Water & Sewer
Total Project Cost: $65,000
Project Phased: No
Project Type: Equipment/Vehicle Replacement
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $65,000
Details: Replacement of an existing operator truck with new half ton to allow for the continued
operation of the Department. Existing vehicle will be surplus auctioned.
OPERATORS TRUCK
Department: Public Works – Water & Sewer
Total Project Cost: $80,000
Project Phased: No
Project Type: Equipment/Vehicle Replacement
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $80,000
Details: Replacement of an existing operator truck with new three-quarter ton to allow for the
continued operation of the Department. Existing vehicle will be surplus auctioned.
32
WATER & SEWER PROJECTS
Lead Service Line Inventory Support Services
Department: Public Works – Water & Sewer
Total Project Cost: $100,000
Project Phased: No
Project Type:
Funding Source(s): Grant / Water Sewer Fund
Potential Grant Identified: EPA
Operating Budget Impact: None
YEAR: 2025 2026 2027 2028 2029
COST: $100,000
Details: The City of Kenai has new water treatment permitting requirements, which require
reporting of all connections tied to the City’s water distribution system. This project will
provide updated maps, indicating connection types and location.
Lift Station Phase 1 Supplement
Department: Public Works – Water & Sewer
Total Project Cost: $300,000
Project Phased: Yes
Project Type: Infrastructure / Utility
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: None
Operating Budget Impact: Moderate Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $300,000
Details: A Lift Station Renovations project has now finished the design phase. The final product
which addresses sewer lift stations at mileposts 13 & 14 on the Kenai Spur Highway as well as
the Lawton Drive station, will require additional funding to construct. The project will provide
new pumps and controls to replace 30+ year old technology.
33
WATER & SEWER PROJECTS
BROAD STREET LIFT STATION RENOVATION - DESIGN
Department: Public Works – Water & Sewer
Total Project Cost: $220,000
Project Phased: No
Project Type: Infrastructure
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Significant Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $220,000
Details: This project will provide much-needed major improvements to the Broad Street Lift
Station. This is a major collection site with all connections east of Broad St. running through
this site before proceeding to the Waste Water Plant. This project will increase the capacity of
the existing site, provide emergency backup power generation, and replacement of pumps and
controls with new ones.
WWTP OPERATIONS BUILDING
REPLACEMENT - DESIGN
Department: Public Works – WWTP
Total Project Cost: $300,000
Project Phased: No
Project Type: Building Improvement
Funding Source(s): Water Sewer Fund/Grant
Potential Grant Identified: Federal & State Options
Operating Budget Impact: Significant Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $500,000
Details: This project will replace the main operations building at the Waste Water Plant which
was originally constructed in 1974 with additions in 1982. The facility is on the shore of Cook
Inlet and subject to the constant presence of salt air. As a result, much of the facility doors,
windows, siding, hardware, etc. have rusted beyond repair. Due to the extent of remodel work
and other issues relating to the size of facility, it has been determined a new building is in the
best interest of the City. With the completion of the design expected for FY2025, grants will be
sought to assist with funding the likely $5,000,000 range of improvements.
34
WATER & SEWER PROJECTS
CCTV EQUIPMENT
Department: Public Works – Water & Sewer
Total Project Cost: $100,000
Project Phased: No
Project Type: Equipment/Technology
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: None
Operating Budget Impact: Minimal
YEAR: 2025 2026 2027 2028 2029
COST: $100,000
Details: This project will provide for the replacement of the Departments existing CCTV camera
equipment with newer technology. This equipment allows operators to trouble shoot sewer
main issues with camera technology.
AIRPORT RESERVOIR PUMP HOUSE IMPROVEMENTS - DESIGN
Department: Public Works – Water & Sewer
Total Project Cost: $300,000
Project Phased: No
Project Type: Infrastructure
Funding Source(s): Water & Sewer Fund/Grant
Potential Grant Identified: Federal and State Option
Operating Budget Impact: Moderate Decrease
YEAR: 2025 2026 2027 2028 2029
COST:
$180,000
Details: This project will provide equipment replacements at the Airport Reservoir Pump
House. This site has a three-million-gallon storage tank which provides the majority of water
for the City during daytime hours. This work will utilize the existing building, but modify pumps
and controls to provide a more robust and reliable system.
35
WATER & SEWER PROJECTS
DISINFECTANT GENERATION EQUIPMENT - DESIGN
Department: Public Works – Water & Sewer
Total Project Cost: $100,000
Project Phased: No
Project Type: Equipment Upgrade
Funding Source(s): Water & Sewer Fund / Grant
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Moderate Decrease
YEAR: 2025 2026 2027 2028 2029
COST: $100,000
Details: This Project will allow the Public Works department to generate our own chlorine
disinfectant for use at the water and wastewater plants. This will remove the potential for
supply chain issues we experienced starting with COVID.
GIS MAPPING IMPROVEMENTS
Department: Public Works – Water & Sewer
Total Project Cost: $200,000
Project Phased: No
Project Type: Software / Equipment Upgrade
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: None
Operating Budget Impact: Moderate Decrease
YEAR: 2025 2026 2027 2028 2029
COST:
$200,000
Details: This project will update the Utility’s mapping, which is widely used by the department,
contractors and the community. Maps will be updated to reflect recent development as well as
to verify existing locations of water, sewer and fire connections.
36
WATER & SEWER PROJECTS
WATER TREATMENT PLANT FENCING IMPROVEMENTS
Department: Public Works – Water & Sewer
Total Project Cost: $100,000
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: None
Operating Budget Impact: Minimal
YEAR: 2025 2026 2027 2028 2029
COST:
$100,000
Details: This project will replace 40-year-old fencing and improve site security at several
locations.
WWTP OPERATIONS BUILDING
RENOVATIONS - CONSTRUCTION
Department: Public Works – WWTP
Total Project Cost: To be Determined
Project Phased: No
Project Type: Building Improvement
Funding Source(s): Water Sewer Fund/Grant
Potential Grant Identified: Federal & State Options
Operating Budget Impact: Significant Decrease
YEAR: 2025 2026 2027 2028 2029
COST:
$TBD
Details: This project will replace the main operations building at the Waste Water Plant which
was originally constructed in 1974 with additions in 1982. The facility is on the shore of Cook
Inlet and subject to the constant presence of salt air. As a result, much of the facility doors,
windows, siding, hardware, etc. have rusted beyond repair. Due to the extent of remodel work
and other issues relating to the size of facility, it has been determined a new building is in the
best interest of the City. With the completion of the design expected for FY2025, grants will be
sought to assist with funding the likely $5,000,000 range of improvements.
37
WATER & SEWER PROJECTS
WASTEWATER TREATMENT PLANT FENCING IMPROVEMENTS
Department: Public Works – Water & Sewer
Total Project Cost: $100,000
Project Phased: Yes
Project Type: Safety / Security
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: None
Operating Budget Impact: Minimal
YEAR: 2025 2026 2027 2028 2029
COST:
$100,000
Details: This project will replace 40+-year-old fencing and improve site security at the
wastewater treatment plant.
BROAD STREET LIFT STATION RENOVATION - CONSTRUCTION
Department: Public Works – Water & Sewer
Total Project Cost: To be Determined
Project Phased: No
Project Type: Infrastructure
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Significant Decrease
YEAR: 2025 2026 2027 2028 2029
COST:
$TBD
Details: This project will provide much-needed major improvements to the Broad Street Lift
Station. This is a major collection site with all connections east of Broad St. running through
this site before proceeding to the Waste Water Plant. This project will increase the capacity of
the existing site, provide emergency backup power generation, and replacement of pumps and
controls with new ones. With the design anticipated for completion in FY2025, documents and
estimate will be used to pursue grant funding opportunities at the State and Federal level.
38
WATER & SEWER PROJECTS
AIRPORT RESERVOIR PUMP HOUSE IMPROVEMENTS - CONSTRUCTION
Department: Public Works – Water & Sewer
Total Project Cost: To be Determined
Project Phased: No
Project Type: Infrastructure
Funding Source(s): Water & Sewer Fund/Grant
Potential Grant Identified: Federal and State Option
Operating Budget Impact: Moderate Decrease
YEAR: 2025 2026 2027 2028 2029
COST:
$TBD
Details: This project will provide equipment replacements at the Airport Reservoir Pump
House. This site has a three million-gallon storage tank which provides the majority of water
for the City during daytime hours. This work will utilize the existing building, but modify pumps
and controls to provide a more robust and reliable system. The design work is anticipated for
completion in FY2026 and will be used to pursue grant funding opportunities at the State and
Federal level.
DISINFECTANT GENERATION EQUIPMENT - CONSTRUCTION
Department: Public Works – Water & Sewer
Total Project Cost: $500,000
Project Phased: No
Project Type: Equipment Upgrade
Funding Source(s): Water & Sewer
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Moderate Decrease
YEAR: 2025 2026 2027 2028 2029
COST:
$500,000
Details: This Project is the next step in the development of the City’s Water System. In 2011
the Water Treatment Facility located at the intersection of Shotgun Drive and the Kenai Spur
Highway was developed. In 2015/2016 Well Field Improvements were completed. This project
will update the distribution pumps that transport water from the water plant to all end users.
Completion of this work will improve system reliability while increasing our ability to meet
system demand.
39
WATER & SEWER PROJECTS
WATER MAIN VALVE REPLACEMENTS I
Department: Public Works – Water & Sewer
Total Project Cost: $160,000
Project Phased: No
Project Type: Infrastructure
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Moderate
YEAR: 2025 2026 2027 2028 2029
COST:
$160,000
Details: Planned replacements of inoperable 50-year old water main valves with new in various
locations around the City.
WATER MAIN LINE IMPROVEMENTS I
Department: Public Works – Water & Sewer
Total Project Cost: $250,000
Project Phased: No
Project Type: Infrastructure
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Moderate Decrease
YEAR: 2025 2026 2027 2028 2029
COST:
$250,000
Details: This project will correct known problem areas within the water distribution system.
40
WATER & SEWER PROJECTS
WATER METER / SOFTWARE EQUIPMENT
Department: Public Works – Water & Sewer
Total Project Cost: $100,000
Project Phased: No
Project Type: Software / Technology
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: None
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST:
$100,000
Details: This project will standardize for the department a software solution for reading meters
starting with commercial facilities. This will significantly reduce staff time in reading meters.
AIRPORT RESERVOIR TANK EXTERIOR ASSESSMENT
Department: Public Works – Water & Sewer
Total Project Cost: $30,000
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Minimal
YEAR: 2025 2026 2027 2028 2029
COST:
$30,000
Details: This project will address the exterior appearance of the airport reservoir tank. Five
years ago the interior of the tank was coated to extend its life. This project will address the
exterior insulation and coating that is deteriorating.
41
WATER & SEWER PROJECTS
MAJOR WELLHEAD MAINTENANCE I
Department: Public Works – Water & Sewer
Total Project Cost: $100,000
Project Phased: No
Project Type: Infrastructure
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Moderate
YEAR: 2025 2026 2027 2028 2029
COST:
$100,000
Details: This is a preventive maintenance project to provide for the continued operation of the
City’s well field. Items may include well pump and VFD replacements.
AIRPORT RESERVOIR TANK EXTERIOR REPAIR
Department: Public Works – Water & Sewer
Total Project Cost: $270,000
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Moderate
YEAR: 2025 2026 2027 2028 2029
COST:
$270,000
Details: This project will address the exterior appearance of the airport reservoir tank. Five
years ago the interior of the tank was coated to extend its life. This project will address the
exterior insulation and coating that is deteriorating.
42
WATER & SEWER PROJECTS
WATER MAIN VALVE REPLACEMENTS II
Department: Public Works – Water & Sewer
Total Project Cost: $160,000
Project Phased: No
Project Type: Infrastructure
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Slight Decrease
YEAR: 2025 2026 2027 2028 2029
COST:
$160,000
Details: Planned replacements of inoperable 50-year old water main valves with new in various
locations around the City.
FLORIDA AVE WATER MAIN - DESIGN
Department: Public Works – Water & Sewer
Total Project Cost: $50,000
Project Phased: No
Project Type: Infrastructure / Utility
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: None
Operating Budget Impact: Slight Increase
YEAR: 2025 2026 2027 2028 2029
COST:
$50,000
Details: This will be a joint project with the Streets division, to extend a new 12” water main
connecting at Fifth St. and Florida Ave and extending to First St. This project is intended to
resolve 4” water mains that were installed 50+ years ago as part of the old military base. With
recent new construction in the area, the 4” main is limited on how many homes can be served.
By extending the 12” line into the area the existing capacity will be doubled. Total line
extension is approximately 1600lf. Roadway will be reconstructed under a general fund
project.
43
WATER & SEWER PROJECTS
WASTEWATER TREATMENT PLANT EFFLUENT FLOW MONITORING / CONTROL
Department: Public Works – WWTP
Total Project Cost: $225,000
Project Phased: No
Project Type: Process Control / Technology
Funding Source(s): Grant
Potential Grant Identified: Federal & State Options
Operating Budget Impact: Moderate Decrease
YEAR: 2025 2026 2027 2028 2029
COST:
$225,000
Details: This project will provide equipment to provide more accurate dosing of chemicals in the
treatment of wastewater effluent which will result in savings on Sodium Hypochlorite and
Sodium Bisulfate. Chemical feed will vary based on the flow of effluent leaving the plant.
VAC TRUCK
Department: Public Works – Water &
Sewer
Total Project Cost: $500,000
Project Phased: No
Project Type: Equipment
Funding Source(s): Water Sewer Fund
Potential Grant Identified: State
Revolving Fund
Operating Budget Impact: None
YEAR: 2025 2026 2027 2028 2029
COST:
$500,000
Details: This project will provide for the replacement of the City’s existing Vac Truck. This is an
integral piece of equipment used regularly by the City. We have one, with no backup other
than contracting out the services at a significant expense to the utility. The existing unit will be
surplus auctioned with this purchase. The truck is used to clean and maintain wastewater lift
stations, and the overall sewer collection system. The truck is also capable of jetting clogged
lines.
44
WATER & SEWER PROJECTS
FLORIDA AVE WATER MAIN -
CONSTRUCTION
Department: Public Works – Water & Sewer
Total Project Cost: $240,000
Project Phased: No
Project Type: Infrastructure / Utility
Funding Source(s): Water & Sewer Fund
Potential Grant Identified: None
Operating Budget Impact: Slight Increase
YEAR: 2025 2026 2027 2028 2029
COST:
$240,000
Details: This will be a joint project with the Streets division, to extend a new 12” water main
connecting at Fifth St. and Florida Ave and extending to First St. This project is intended to
resolve 4” water mains that were installed 50+ years ago as part of the old military base. With
recent new construction in the area, the 4” main is limited on how many homes can be served.
By extending the 12” line into the area the existing capacity will be doubled. Total line
extension is approximately 1600lf. Roadway will be reconstructed under a general fund
project.
WASTEWATER TREATMENT PLANT INFLUENT PUMP STATION
Department: Public Works - Water & Sewer
Total Project Cost: $1,000,000
Project Phased: Yes
Project Type: Infrastructure
Funding Source(s): Grant Dependent
Potential Grant Identified: State Revolving Fund
Operating Budget Impact: Moderate Increase
YEAR: 2025 2026 2027 2028 2029
COST:
$1,000,000
Details: This project will replace the existing influent station and install a new pump station to
provide surge protection storage and grit capture. This will allow for more balanced incoming
flows into the plant and reduce staff time on recovering from surges.
45
SENIOR CITIZENS FUND
FY2025
No
Project Name
Total Project Cost
Grant
Funding
City Funding
1 Senior Center Canopy Roof Repair $50,000 $50,000
2 Senior Center Landscaping Project Phase I $40,000 $40,000
Totals
$90,000
$90,000
FY2026
No
Project Name
Total Project Cost
Grant
Funding
City Funding
3 Senior Center Landscaping Project Phase II $35,000 $35,000
Totals
$35,000
FY2027
No
Project Name
Total Project Cost
Grant
Funding
City Funding
Nothing Currently Planned this fiscal year
Totals
FY2028
No
Project Name
Total Project Cost
Grant
Funding
City Funding
Nothing Currently Planned this fiscal year
Totals
FY2029
No
Project Name
Total Project Cost
Grant
Funding
City Funding
Nothing Currently Planned this fiscal year
Totals
No
Project Name
Total Project Cost
Grant
Funding
City Funding
Senior Center Fund Grand Total
$125,000
$125,000
46
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47
SENIOR CITIZENS FUND PROJECTS
SENIOR CENTER CANOPY ROOF REPAIR
Department: Senior Center
Total Project Cost: $50,000
Project Phased: No
Project Type: Building Maintenance
Funding Source(s): Senior Fund
Potential Grant Identified: None
Operating Budget Impact: Minimal or No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $50,000 Details: This project will repair/replace water damaged roof decking with new and then
installation of a new roof membrane system at the entrance canopy to the Senior Center.
SENIOR CENTER LANDSCAPING - PHASE I
Department: Senior Center
Total Project Cost: $40,000
Project Phased: Yes
Project Type: Land Improvement
Funding Source(s): Senior Fund
Potential Grant Identified: State
Operating Budget Impact: Minimal or No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $40,000 Details: This project would landscape the south lawn of the Senior Center to level the area,
which now contains sunken areas which prohibit safe access, and replant grass and trees as
well as construct walkways for easy and safe maneuvering. This would improve lost access to
the perimeter of the building, yard, and bluff areas for private rentals and the public, including
wheelchair access. The project would be contingent upon the construction of the Bluff
Stabilization Project.
48
SENIOR CITIZENS FUND PROJECTS
SENIOR CENTER LANDSCAPING - PHASE II
Department: Senior Center
Total Project Cost: $35,000
Project Phased: Yes
Project Type: Land Improvement
Funding Source(s): Senior Fund
Potential Grant Identified: State
Operating Budget Impact: Minimal or No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $35,000 Details: This project would create a community fire pit area with wooden all-weather park
benches for easy access for seniors and private rentals. Memorial benches and greenery
provide an opportunity to generate revenue and celebrate individuals in the community. The
project would be contingent upon the construction of the Bluff Stabilization Project.
49
CONGREGATE HOUSING FUND
FY2025
No
Project Name
Total Project Cost
Grant
Funding
City Funding
1 Vintage Point Floors 2 & 3 Hallway Carpet
Repl.
$55,000 $55,000
2 Exterior Door Replacements $60,000 $60,000
3 Apartment Kitchen and Bathroom Remodel $100,000 $100,000
Totals
$215,000
$215,000
FY2026
No
Project Name
Total Project Cost
Grant
Funding
City Funding
3 Apartment Kitchen and Bathroom Remodel $100,000 $100,000
Totals
$100,000
$100,000
FY2027
No
Project Name
Total Project Cost
Grant
Funding
City Funding
6 Apartment Kitchen and Bathroom Remodel $100,000 $100,000
Totals
$100,000
$100,000
FY2028
No
Project Name
Total Project Cost
Grant
Funding
City Funding
Nothing Currently Planned this fiscal year
Totals
FY2029
No
Project Name
Total Project Cost
Grant
Funding
City Funding
Nothing Currently Planned this fiscal year
Totals
50
No
Project Name
Total Project Cost
Grant
Funding
City Funding
Congregate Housing Fund Grand Total
$415,000
$415,000
51
CONGREGATE HOUSING FUND PROJECTS
VINTAGE POINT FLOORS 2 & 3 HALLWAY CARPET
Department: Senior Center
Total Project Cost: $55,000
Project Phased: Yes
Project Type: Building Improvement
Funding Source(s): Congregate Housing Fund
Potential Grant Identified: None
Operating Budget Impact: Minimal or No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $55,000
Details: This project will replace the 15+ year old carpeting in the hallway and commons areas of
floors two and three as well as all three stair wells.
VINTAGE POINT EXTERIOR DOOR REPLACEMENT
Department: Senior Center
Total Project Cost: $60,000
Project Phased: Yes
Project Type: Building Improvement
Funding Source(s): Congregate Housing Fund
Potential Grant Identified: None
Operating Budget Impact: Minimal or No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $60,000
Details: There remain five wooden exterior doors in need of replacement at the Vintage Point
Senior Housing facility. These include the front entry double doors, exterior door on northwest
side, east side door and the solarium exit door. The front entry door has additional electrical
components which are included with this project.
52
CONGREGATE HOUSING FUND PROJECTS
APARTMENT KITCHEN AND BATHROOM REMODEL
Department: Senior Center
Total Project Cost: $300,000
Project Phased: Yes
Project Type: Building Improvement
Funding Source(s): Congregate Housing Fund
Potential Grant Identified: None
Operating Budget Impact: Minimal or No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $100,000 $100,000 $100,000
Details: This project remodels the kitchen and bathrooms in three to six apartments each year
at Vintage Pointe. The project would replace original (1993) tile flooring, cabinetry, countertops,
and fixtures in kitchens and bathrooms to bring apartments into compliance with the Americans
with Disabilities Act. This project is not eligible for low-income housing grants.
53
PERSONAL USE FISHERY FUND
FY2025
No
Project Name
Total Project Cost
Grant
Funding
City Funding
1 Boat Ramp Concrete Repairs $175,000 $175,000
2 Boat Ramp Float Replacements $175,000 $175,000
Totals
$350,000
$350,000
FY2026
No
Project Name
Total Project Cost
Grant
Funding
City Funding
Nothing Currently Planned this fiscal year
Totals
FY2027
No
Project Name
Total Project Cost
Grant
Funding
City Funding
Nothing Currently Planned this fiscal year
Totals
FY2028
No
Project Name
Total Project Cost
Grant
Funding
City Funding
Nothing Currently Planned this fiscal year
Totals
FY2029
No
Project Name
Total Project Cost
Grant
Funding
City Funding
Nothing Currently Planned this fiscal year
Totals
Total Project Cost
Grant
Funding
City Funding
Personal Use Fishery Fund Grand Total
$350,000
$350,000
54
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55
PERSONAL USE FISHERY FUND PROJECTS
CITY DOCK BOAT RAMP CONCRETE REPAIRS
Department: Public Works
Total Project Cost: $175,000
Project Phased: No
Project Type: Infrastructure / Harbor
Funding Source(s): State Grant
Potential Grant Identified: 15-DC-078
Operating Budget Impact: Minimal or No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $175,000
Details: This project will replace the severely deteriorating concrete ramps primarily in lane 4 at
the City Dock. The ramps experience severe changes in freezing and thawing conditions with the
tidal influences and river ice both taking their toll. The ramps are primarily used by private
commercial vessels accessing the salmon fishery as well as State residents accessing the personal
use dipnet fishery in July. The Department is working to reallocate existing grant funds from
State Grant 15-DC-078 in support of this project.
CITY DOCK FLOAT REPAIRS
Department: Public Works
Total Project Cost: $175,000
Project Phased: No
Project Type: Infrastructure / Harbor
Funding Source(s): State Grant
Potential Grant Identified: 15-DC-078
Operating Budget Impact: Minimal or No Impact
YEAR: 2025 2026 2027 2028 2029
COST: $175,000
Details: This project will replace the severely deteriorating floats serving all boat launch lanes at
the City Dock. The ramps are primarily used by private commercial vessels accessing the salmon
fishery as well as State residents accessing the personal use dipnet fishery in July. The floats will
be reconstructed in similar design to the existing floats.
56
Blank
APPENDIX A –
CAPITAL PROJECT SCHEDULE
(INCLUDES PREVIOUSLY FUNDED PROJECTS AND FY25 PROPOSED PROJECTS)
Blank
CIP Existing Project Schedule 011024
Project Cycle FY-2024-2025
J-24 F-24 M-24 A-24 M-24 J-24 J-24 A-24 S-24 O-24 N-24 D-24 J-25 F-25 M-25 A-25 M-25 J-25
Projects
Airport Fund
Sand Storage Facility 2021 342 329 Const Const Final
Airport Operations Boiler & Controls Replacement 2021 328 331 ITB
KMA Runway Rehabilitation 2021 342 333
KMA Improved Airfield Drainage 2021 342 334
KMA Airfield Marking, Crack Sealing, Sealcoat 2023 342 337 ITB
KMA SRE Equipment Loader & Sand Truck 2023 332 340
Terminal Landscaping 2023 335 404
Terminal Surveillance Camera/Ops Access 2023 335 338
Elevator Assessments 2023 335 24301
Airport Master Plan Phase 1 & 2 2023 342 24303
Perimeter Fenceline Improvements 2025
Acquire ARFF Vehicle 2025
General Fund
General Government
Bluff Stabilization Project - Mulityear 2015 129 182 ITB
Cemetery Expansion Phase 1 2019 118 228
Cemetery Expansion phase 2 2022 118 228
Public Safety
Repair Underground Water Tank 2023 135 407
Community Wildfire Protection Mitigation Phase 1 2023 135 413
Community Wildfire Protection Mitigation Phase 2 2024 135 413
Fire Department Flooring Replacement 2024 135 24001
Emergency Services Facility Improvement 2025
Public Works
Bridge Access Pedestrian Path 2020 755 265
Wildwood Drive Rehabilitation 2021 755 253
North Willow Rehabilitation 2021 755 273
Lilac Street Repairs 2023 755 410
Kenai Recreation Center Upgrades 2015 119 285
Multi-purpose Facility Ventilation 2021 217 266
Community Library HVAC Controls 2021 218 267
Kenai City Hall HVAC Unit 2021 228 276
Inlet Woods Storm Drain Repairs 2021 755 271 ITB
Facility Assessments Phase 2 2023 800 411
Elevator Assessment 2024 228 24005
Aliak Storm Water & Paving Repair Design 2024 755 24008
Public Mainwalk Replacements & ADA Ramps 2025 Const.
Youth Corridor Pedestrian & Roadway Improvements 2025
Street Lighting Improvements 2025
Parks, Recreation & Cultural
Kenai Community Library Center Plaza 2021 218 242
Municipal Park Trail Construction 2021 751 251
Softball Field Shelters/Dugouts Replacement 2023 116 405
Slash Disposal Site 2023 116 412
Activity CodeFu
n
d
C
o
d
e
Fu
n
d
i
n
g
F
Y
FY -2024 FY-2025
Grant Closeout
ITB Construction
Grant Closeout
Construction
Design
On Hold / will run concurrent with Runway Rehab
Design Construction Grant Closeout
Grant Closeout
ITB Construction
Construction
Closeout
On Hold awaiting DOT Funding
On Hold awaiting State Funding
Construction Closeout
Design ITB Construction
Construction Closeout
Construction Closeout
ITB Construction Closeout
RFP Design Construction Closeout
Ongoing throughout CWPP projects
ITB Construction Closeout
RFP Design
Contract Equipment on Order
Design Construction
Contract
RFP
Design Phase 1 Design Phase 2
Construction
Design ITB Construction Closeout
Closeout
RFP Design Construction Closeout
Apply for Grants
RFP Design Construction
RFP 35% Design Applying for Grants
Completed remaining funds roll to General Fund
RFP Design
Funding moved to City Hall Improvements Design
RFP
RFP
Closeout
Construction Closeout
Design ITB Construction
RFP Design
Construction
Design ITB Construction Closeout
Alan Robillard Page 1 1/11/2024
CIP Existing Project Schedule 011024
Project Cycle FY-2024-2025
J-24 F-24 M-24 A-24 M-24 J-24 J-24 A-24 S-24 O-24 N-24 D-24 J-25 F-25 M-25 A-25 M-25 J-25Activity CodeFu
n
d
C
o
d
e
Fu
n
d
i
n
g
F
Y
FY -2024 FY-2025
Park Area Hazardous Tree Removal 2023 116 24009
Municipal Park Shelter #3 Replacement 2023 116 24010
Recreation Center Athletic Floor Refinishing 2023 119 23005 ITB
Tractor Replacement 2025
Parks & Recreation Master Plan 2025
Old Town Park Reconstruction 2025
Water & Sewer Fund
Water & Sewer Renovations 621
Lift Station Upgrades 2021
MP 13 Lift Station 621 295
MP 14 Lift Station 621 299
Lawton Drive Lift Station 621 400
Water & Sewer Utility Master Plan 2021 621 243
SCADA System Integration 2021 621 244
Hydrant Mapping & Installation Phase 1 2021 621 245
Manhole Restoration 2021 621 264
WTP Pump House Construction 2023 621 408
Cemetery Creek Culvert 2024 621 24013
Broad Street Lift Station Renovation 2025
CCTV Equipment 2025
Waste Water Renovations 625
Water & Sewer Utility Master Plan 2021 625 246
SCADA System Integration 2021 625 250
Digester Blower Replacement and Building 2021 625 263
WWTP Chlorine Contact Basin Repair 2022 625 249
Drainage Repair at Clarifiers 2022 625 292
Electronic Gate and Controls 2023 625 409
WWTP Operations Building Replacement 2025
Senior Center Fund
Senior Center Front Door Modifications 2022 120 287
Senior Center HVAC Controls 2022 120 286
Senior Center Canopy Roof Repair 2025
Senior Center Landscaping Project Phase 1 2025
Congregate Housing Fund
Vintage Point Boiler Replacement & Generator 2022 209 239
Vintage Kitchen/Bathroom Remodel 2023 209 281
Elevator Assessment 2024 209 24003
Vintage Point Floors 2 & 3 Hallway Carpet Replacement 2025
Exterior Door Replacements 2025
PU Fishery Fund
Personal Use Fishery Float Replacements 2023 130 280
Boat Ramp Concrete Repairs 2025 130 280
RFP Design Construction
Reallocating Grant Funds ITB Construction
Design Applying for Grants
Contract Construction
ITB Construction
Design Construction
Closeout
Construction
Closeout
Closeout
Grant Application ITB Construction
Design Construction
Design Construction
RFP
ITB Construction
RFP Design Construction
Construction Grant Closeout
Design
Design
ITB
Construction Closeout
Design
Construction
Closeout
Closeout
Contract Construction
ITB Equipment on Order
Applying for Grants
RFP Design
Design ITB Construction
Contract
Design ITB Construction
Applying for Grants
Alan Robillard Page 2 1/11/2024