HomeMy WebLinkAboutOrdinance No. 3423-2024KENAI
CITY OF KENAI
ORDINANCE NO. 3423-2024
AN ORDINANCE INCREASING ESTIMATED REVENUES AND
PERSONAL USE FISHERY FUND FOR THE BUDGETED ANNUAL
USE FISHERY FUND TO THE GENERAL FUND.
Sponsored by: Administration
APPROPRIATIONS IN THE
TRANSFER FROM PERSONAL
WHEREAS, the FY24 General Fund annual budget included a $75,000 transfer from the Personal Use
Fishery Fund, but the companion transfer from the Personal Use Fishery Fund was inadvertently omitted
from the FY24 budget; and,
WHEREAS, the Personal Use Fishery Fund requires an additional appropriation of $75,000 to complete
the FY24 intended transfer and correct the omission.
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:
Personal Use Fishery Fund:
Increase Estimated Revenues —
Appropriation of Fund Balance $75.000
Increase in Appropriations —
Transfer to General Fund
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 19T" DAY OF JUNE, 2024.
32:4— s(
Brian Gabriel Sr., Mayor
ATTEST:
elle Sa M C, City Clerk
New Text Underlined; [DELETED TEXT BRACKETED]
Ordinance No. 3423-2024
Page 2 of 2
Approved by Finance:
Introduced: June 5, 2024
Enacted: June 19, 2024
Effective: June 19, 2024
New Text Underlined; [DELETED TEXT BRACKETED]
City of Kenai 1 210 Fidalgo Ave, Kenai, AK 99611-7794 1907.283.7535 1 www.kenai.city
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Dave Swarner, Finance Director
DATE: May 25, 2024
SUBJECT: Ordinance 3423-2024 for PU Fishery transfer from PU Fishery Fund
Balance
The purpose of this Ordinance is to authorize funding for the annual transfer from the Personal
Use Fishery Fund to the General Fund to cover Non -Departmental expenses. In the FY24 budget,
$75,000 was allocated for this transfer into the General Fund. However, the Transfer Out from
the Personal Use Fishery Fund was inadvertently omitted from the FY24 budget.
The requested $75,000 will be allocated to the Personal Use Fishery budget to facilitate the
transfer. Completing this transfer will ensure that the City's budgeted revenues cover Non -
Departmental expenses for FY24.
Council's approval is respectfully requested