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HomeMy WebLinkAboutOrdinance No. 2342-2008<~ '~'` Suggested by: Administration `~_. -~ CITY OF KENAI the a'y a~' ~.- KENII~ SKA ORDINANCE NO. 2342-2008 AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY $65,000 IN THE AIRPORT FUND AND IN THE AIRPORT EQUIPMENT CAPITAL PROJECT FUND FOR THE PURCHASE OF SNOW REMOVAL EQUIPMENT. WHEREAS, the Airport is requesting the purchase of a new plow for an existing piece of equipment; and, WHEREAS, the purchase of the new plow will substantially increase the efficiency in snow removal and decrease the overall wear and tear on the plow truck itself; and, WHEREAS, while no grant funds have been currently awarded for this purchase, -the administration has received confirmation that the purchase will be eligible for 95% FAA and 2.5% State of Alaska reimbursement when the funds become available. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, that estimated revenues and appropriations be increased as follows: Airport Fund Increase Estimated Revenues: Appropriation of Fund Balance $65,000 Increase Appropriations Transfer to Capital Projects Fund $65,000 Airport Equipment Capital Project Fund Increase Estimated Revenues: Transfer from Airport Fund $65,000 Increase Appropriations Machinery & Equipment $65,000 PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALA KA, this third day of September, 2008. ` """ y'"'~ ry^-°°° PAT PORTER, MAYOR ATTEST: ~. ~ .G~f s ~ __. Carol L. Freas, City Clerk Approved by Finance: Introduced: August 20, 2008 Adopted: September 3, 2008 Effective: September 3, 2008 New Text Underlined; (DELETED TEXT BRACKETED]