HomeMy WebLinkAboutOrdinance No. 2398-2009he cet
KENAI. ALASKA
AN ORDINANCE OF THE COUNCIL OF THE CITY OF' KENAI, ALASKA, INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY $250,000 IN THE GENERAL AND
LIBRARY EXPANSION CAPITAL PROJECTS FUND FOR CAPITAL IMPROVEMENTS.
WHEREAS, the City has previously designated
Balance for capital improvements; and,
WHEREAS, unexpended and unencumbered funds of approximately $165,000 in the
Library Expansion Capital Project Fund is insufficient to award the next design phase
of the project; and,
WHEREAS, $250,000 is available in General Fund Designated Fund Balance and the
project is in line with the designated purpose of the funds; and,
WHEREAS, it is in the best interest of the City of Kenai to continue the design in
working toward completion of the Expansion Project.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA that estimated revenues and appropriations be increased as follows:
General Fund
Increase Estimated Revenues:
Appropriation of Designated Fund Balance
Increase Appropriations:
Transfer to Capital Projects
Library Expansion Capital Project Fund
Increase Estimated Revenues:
Transfer from General Fund
Increase Appropriations:
Construction
PASSED BY THE COUNCIL OF THE CITY OF KENAI, SKA, this fifth day of August,
2009.
at./ j 7 ,1
ATT ST:
Carol L. Freas, City Clerk
Approved by Finance: 7 64- L-
CITY OF KENAI
ORDINANCE NO. 2398 -2009
SUBSTITUTE
Suggested by: Administration
850,746 of General Fund, Fund
PAT PORTER, MAYOR
$250,000
S250,000
$250,000
$250,000
Introduced: April 15, 2009
Adopted: August 5, 2009
Effective: August 5, 2009
the uyof
KEN I, ALASKA
To: Rick Koch, City Manager
If From: Terry Eubank, Finance Director
Date: July 30, 2009
Re: Substitute Ordinance 2398 -2009
"Village with a Past, Ci y with a Fistisre"
FINANCE DEPARTMENT
210 Fidalgo Avenue, Kenai, Alaska 99611 -7794
Telephone: 907 283 -7535 ext 221 FAX: 907 283 -3014
Per your request t have drafted a substitute for Ordinance 2398 -2009. The substitute changes the
funding source from a redirection of previously appropriated to street and sewer projects to fund
balance in the General Fund that has previously been designed for capital improvements
pursuant to KMC Chapter 7.25.
Pursuant to KMC 7.25.100 (c) the proposed use of designated fund balance is allowable provided
the remaining $162,801.63 of state grant funds previously appropriated to this project by
Ordinance 2321 -2008 are expended first. Excluding the $162,801.63 of unspent grant funds
previously appropriated to this project there are no other unappropriated state or federal grant
funds available for this project at this time.
Should the substitute be utilized KMC 7.25.070 (c) will require 5 favorable Councilmember
votes for adoption.