HomeMy WebLinkAboutOrdinance No. 3474-2025AN ORDINANCE INCREASING ESTIMATED REVENUES AND APPROPRIATION IN THE
WASTEWATER, WATER & SEWER, AND MUNICIPAL ROADWAY IMPROVEMENTS CAPITAL
PROJECT FUNDS TO TRANSFER RESIDUAL BALANCE FROM COMPLETED PROJECTS BACK TO
THEIR ORIGINAL FUNDING SOURCES.
WHEREAS, $46,206.43 remains in the Wastewater Facility Capital Project Funds from completed capital
project for Masterplan & Rate Study; and,
WHEREAS, transfer of the residual $46,206.43 to the Water & Sewer Fund, the fund from which the
funds originated, will allow future appropriation of the funds for operations or future capital projects; and,
WHEREAS, $67,035.05 remains in the Water & Sewer Capital Project Funds from completed capital
project for Masterplan & Rate Study; and,
WHEREAS, transfer of the residual $67,035.05 to the Water & Sewer Fund, the fund from which the
funds originated, will allow future appropriation of the funds for operations or future capital projects; and,
WHEREAS, $42,000 remains in the Water & Sewer Capital Project Funds from capital project for Lead
Service Line Inventory Support Services that was completed by staff; and,
WHEREAS, transfer of the residual $42,000 to the Water & Sewer Fund, the fund from which the funds
originated, will allow future appropriation of the funds for operations or future capital projects; and,
WHEREAS, $30,445.73 remains in the Municipal Roadway Improvements Capital Project Funds from
completed capital project for First Avenue Roadway Repairs; and,
WHEREAS, transfer of the residual $30,445.73 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,
WHEREAS, transfer of residual project balances back to the originating fund 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:
Wastewater Facility Capital Project Fund:
Increase Appropriations —
Transfer to Water & Sewer Fund $4§2"
Section 2. That the estimated revenues and appropriations be increased as follows:
Ordinance No. 3474-2025
Page 2 of 2
Water & Sewer Capital Project Fund:
Increase Estimated Revenues --
Appropriation of Fund Balance MU U=
Increase Appropriations -
Transfer to Water & Sewer Fund MU =55.05
Section 3. That the estimated revenues and appropriations be increased as follows:
Municipal Roadway Improvements Capital Project Fund:
Increase Estimated Revenues -
Appropriation of Fund Balance $ZQ,�H"7
Increase Appropriations --
Transfer to General Fund $AL445-D
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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 5. Effective Date: That pursuant to KMC 1.15.070(f), this ordinance shall take effect
immediately upon enactment.
Brian Gabriel Sr., Mayor
ATTEST:("
icell per,qMC, City Clerk
Approved by Finance:
Introduced: May 21, 2025
Enacted: June 4, 2025
Effective: June 4, 2025
M��=
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Dave Swarner, Finance Officer
DATE: May 9, 2025
SUBJECT: Ordinance 3474-2025 - Increasing Estimated Revenues and
Appropriation in the Wastewater, Water & Sewer, and Municipal
Roadway Improvements Capital Project Funds to Transfer Residual
Balance from Completed Projects Back to their Original Funding
Sources.
The purpose of this memo it to recommend the enactment of Ordinance 3474-2025 that will
transfer the remaining balance from a completed project back to the original funding source.
These transfers will allow the residual funds to be appropriated for operations or new capital
projects in the future.
In total $46,206.43 will be returned to the Water & Sewer Fund from the Wastewater Facility
Capital Project Fund for the completion of the Masterplan and Rate Study $46,206.43.
In total $109,035.05 will be returned to the Water & Sewer Fund from the Water & Sewer Capital
Project Fund for the completion of the Masterplan and Rate Study $67,035.05 and the Lead
Service Line Inventory that was conducted in house $42,000.
In total $30,445.73 will be returned to the General Fund from the Municipal Roadway
Improvements for the completion of the First Avenue Roadway Repairs project.
V**-A �Zzzm 2 .:,,ter their oripinal funding source
related to the Masterplan and Rate Study projects, the Lead Service Line Inventory project, the
First Avenue Roadway Repairs project, where they will reside in fund balance until the passage
of future ordinances appropriating the funds for operations or other capital projects
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