The URL can be used to link to this page

Home My WebLink AboutOrdinance No. 3445-2024KENAI CITY OF KENAI ORDINANCE NO. 3445-2024 Sponsored by: Administration AN ORDINANCE INCREASING ESTIMATED REVENUES AND APPROPRIATION IN THE KENAI CITY MUNICIPAL ROADWAY IMPROVEMENT CAPITAL PROJECT FUNDS TO TRANSFER RESIDUAL BALANCE FROM A COMPLETED PROJECT BACK TO IT'S ORIGINAL FUNDING SOURCE, AND INCREASING ESTIMATED REVENUES AND APPROPRIATION IN THE GENERAL, AIRPORT, AND WATER AND SEWER FUNDS AND THE WATER & SEWER, PUBLIC SAFETY, AND AIRPORT IMPROVEMENTS CAPITAL PROJECT FUNDS TO FULLY FUND PROJECTS APPROVED IN THE FY2025 BUDGET. WHEREAS, $77,739.07 remains in Municipal Roadway Improvements Capital Project Funds from completed capital projects for N. Willow street; and, WHEREAS, transfer of the residual $77,739.07 to the General Fund, the fund from which the funds originated will allow future appropriation of the funds for operations or future capital projects and is in the best interest of the city; and, WHEREAS, the FY2025 Budget estimated residual balances that did not materialize to the level projected and these projected residual balances were a component of FY25 Capital Project Funding; and, WHEREAS, the Water & Sewer Capital Fund estimated a residual amount of $39,610 of which only $9,610.65 materialized; and, WHEREAS, $29,999.35 is needed to fully fund the Capital project for the Broad Street Lift Station; and, WHEREAS, the Public Safety Capital Fund estimated a residual amount of $54,337 of which only $44,968.85 materialized; and, WHEREAS, $9,368.15 is needed to fully fund the Capital project for the Emergency Services Facility Assessment; and, WHEREAS, the Airport Improvements Capital Fund estimated a residual amount of $299,808 of which only $290,563.68 materialized; and, WHEREAS, $9,244.32 is needed to fully fund the Capital project for the purchase of a new Aircraft Rescue Fire Fighting Vehicle; and, WHEREAS, transfer of funds to fully fund these capital projects 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 the estimated revenues and appropriations be increased as follows: Municipal Roadway Improvements Capital Project Fund: Increase Estimated Revenues - Appropriation of Fund Balance $77,739.07 New Text Underlined; [DELETED TEXT BRACKETED] Ordinance No. 3445-2024 Page 2 of 3 Increase Appropriations — Transfer to General Fund $77 739. 7 Section 2. That the estimated revenues and appropriations be increased as follows: Water & Sewer Fund: Increase Estimated Revenues — Appropriation of Fund Balance $29. 999.35 Increase Appropriations — Transfer to Water & Sewer Capital Project Fund MR99.35 Water & Sewer Capital Project Fund: Increase Estimated Revenues — Transfer from Water & Sewer Fund $29,999.35 Increase Appropriations — Broad Street Lift Station Capital Project $29,999.35 Section 3. That the estimated revenues and appropriations be increased as follows: General Fund: Increase Estimated Revenues — Appropriation of Fund Balance $� Increase Appropriations — Transfer to Public Safety Capital Project Fund $9,368.15 Public Safety Capital Project Fund: Increase Estimated Revenues — Transfer from General Fund $9,368.15 Increase Appropriations — Emergency Services Facility Assessment Capital Project $9,368.15 Section 4. That the estimated revenues and appropriations be increased as follows: Airport Fund: Increase Estimated Revenues — Appropriation of Fund Balance $9 2� 44.32 Increase Appropriations — Transfer to Airport Improvements Capital Project Fund $9,244.�2 Airport Improvements Capital Project Fund: Increase Estimated Revenues — Transfer from Airport Fund $9,244.32 Increase Appropriations — ARFF Vehicle Capital Project $ 29 44. 2 New Text Underlined; [DELETED TEXT BRACKETED] Ordinance No. 3445-2024 Page 3 of 3 Section 5. 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 6. 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 15TH DAY OF JANUARY, 2025. j EST: 'Ti JA IV e q n , C, City Clerk Approved by Finance: Brian Gabriel Sr., Mayor Introduced: December 4, 2024 Enacted: January 15, 2025 Effective: January 15, 2025 New Text Underlined; [DELETED TEXT BRACKETED] .* KFNAI City of Kenai 1 210 Fidalgo Ave, Kenai, AK 99611-7794 1907.283.7535 1 www kenaixity MEMORANDUM TO: Mayor Gabriel and Council Members THROUGH: Terry Eubank, City Manager FROM: Dave Swarner, Finance Officer DATE: November 25, 2024 SUBJECT: Ordinance 3445-2024 Capital Project Fund Balance Transfers The purpose of this memo it to recommend the enactment of Ordinance 3445-2024 that will transfer the remaining balance from a completed project back to the original funding source and transfer funds to capital projects for amounts that were projected during budget that did not materialize. These transfers will allow the residual funds to be appropriated for operations or new capital projects in the future and fully fund current year capital projects. In total $77,739.07 will be returned to the General Fund from the Municipal Roadway Improvement Capital Project Fund after completion of the N. Willow street capital project. During the FY2025 budget process there were a few capital projects that were projected to have residual balances that had additional expenditures resulting in less funds available for other projects. • The Water & Sewer Capital Project Fund projected a residual amount of $39,610 of which only $9,610.65 materialized leaving a difference of $29,999.35 to be appropriated from the Water & Sewer Fund for the Broad Street Lift Station capital project. • The Public Safety Capital Project Fund projected a residual amount of $54,337 of which only $44,968.85 materialized leaving a difference of $9,368.15 to be appropriated from the General Fund for the Emergency Services Facility Assessment capital project. • The Airport Improvements Capital Project Fund projected a residual amount of $299,808 of which only $290,563.68 materialized leaving a difference of $9,244.32 to be appropriated from the Airport Fund for the ARFF Vehicle capital project. With the enactment of Ordinance 3445-2024, funds will be returned to their original funding source related to the N. Willow Street project, where they will reside in fund balance until the passage of future ordinances appropriating the funds for operations or other capital projects. And the projects that were expected to be partially funded by projected budget savings that did not materialize will be fully funded. Your support for the enactment of Ordinance 3445-2024 is respectfully requested. .10 * KFNA City of Kenai 1 210 FiJalgo Ave, Kenai, AK 99611-7794 1907.283.7535 1 www.lcenaixity [ � 1 :4 if, Eel :T_\ L, 11111 IT,J TO: Mayor Gabriel and Council Members FROM: Shellie Saner, City Clerk DATE: December 18, 2024 SUBJECT: Public Hearing Notice on Ordinance No. 3445-2024 A change was made to the title of Ordinance No. 3445-2024 after the title was published as an ordinance for introduction in the December 4, 2024, agenda. The public hearing notice and the December 18, 2024'agenda also included the title as printed in the December 4, 2024 agenda; however, the title was correctly printed within the ordinance. (No amendment to the legislation is needed) This ordinance is not time -sensitive. After discussion with the Administration and in the interest of transparency, it is our mutual recommendation that this ordinance be postponed. If the Council is in support of postponement the following motion is in order: Motion Postpone Ordinance No. 3445-2024 to the January 15, 2025 City Council regular meeting. Your consideration is greatly appreciated. K N 41 "00; City of Kenai 1 210 Fidalgo Ave, Kenai, AK 99611-7794 1907.283.7535 1 wwwlcenaixity MEMORANDUM TO: Mayor Gabriel and Council Members THROUGH: Terry Eubank, City Manager FROM: Dave Swarner, Finance Director DATE: January 6, 2025 SUBJECT: Ordinance 3445-2024 Requested Amendment This memo requests an amendment to increase the amount in Section 2 from $9,610.65 to $29,999.35 to reflect the amount of funds remaining from prior year not the funds needed in the current year. The following amendment is respectfully requested. Motion Amend Section 2 by replacing $9,610.65 with $29,999.35 throughout the section. Thank you for your consideration.