HomeMy WebLinkAboutOrdinance No. 2359-2008ai;~'\
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KENA\~~ SKA
Suggested by: Administration
CITY ®F KENAI
®I2DINANCE NO. 2359-20®8
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA; (1)
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY $576,469.38 IN
THE GENERAL FUND NON-DEPARTMENTAL FOR TRANSFER TO THE VISITOR
CENTER HEATING SYSTEM CAPITAL PROJECTS FUND; (2) AUTHORIZING A
BUDGET TRANSFER OF $55,000.00 PREVIOUSLY APPROPRIATED IN THE GENERAL
FUND BUILDINGS DEPARTMENT TO NON-DEPARTMENTAL TRANSFER TO THE
VISITOR CENTER HEATING SYSTEM CAPITAL PROJECTS FUND, AND; (3)
APPROPRIATING THE TRANSFERRED FUNDS IN THE VISITOR CENTER HEATING
SYSTEM CAPITAL PROJECTS FUND FOR REPLACEMENT OF THE CENTER'S
HEATING SYSTEM.
WHEREAS, The heating system at the City's Visitors Center is failing and needs to be
replaced; and,
WHEREAS, it is in the best interest of the City to complete repairs to the facility
during its slow season; and,
WHEREAS, the City is a plaintiff in a lawsuit against the manufacturer for which it is
anticipated the City will receive approximately $380,000.00 in total for damages
incurred; and,
WHEREAS, to date the City has received and appropriated $184,953.22 in restitution
from the lawsuit and expects to receive the remaining balance in 2009; and,
WHEREAS, in order to complete the project during the Center's off season, the General
Fund will need to front the remaining restitution to be received of $195,046.78; and,
WHEREAS, the remaining project balance of $436,422.60 will be paid via transfer
from the General Fund of which $55,000.00 was previously appropriated in the
Buildings Department -Repair and Maintenance.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA that:
Section 1
Estimated revenues and appropriations be increased as follows:
General Fund
Increase Estimated Revenues:
Appropriation of Fund Balance $576,469.38
Increase Appropriations:
Transfer to Visitor Center Heating System Capital Project Fund $576,469.38
New Texf Underlined; [DELETED TEXT BRACKETED]
Ordinance No. 2359-2008
Page 2 of 2
Section 2
A budget transfer be made in the General Fund as follows:
From.
Buildings Department: repairs and maintenance $55,000.00
To
Transfer to Visitor Center Heating System Capital Project Fund $55,000.00
Section 3
Estimated revenues and appropriations be increased as follows:
Visitor Center Heating System Capital Protect Fund
Increase Estimated Revenues:
Transfer from General Fund $631,469.38
Increase Appropriations:
Construction $631,469.38
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 19~h day of
November, 2008.
~ / --
ICK RO S, VICE M YOR
A~PTEST:
Carol L. Freas, City Cierk
Approved by Finance: - ,~-yz-~
(10/29/2008) hl
Introduced: November 5, 2008
Adopted: November 19, 2008
Effective: November 19, 2008
Rew Text Underlined; (DELETED TEXT BRACKETED]