HomeMy WebLinkAboutOrdinance No. 2491-2010ItC JJ'
K MAL ALASKA
CITY OF KENAI
ORDINANCE NO. 2491 -2010
Suggested by: Administration
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY $1,500,000 IN THE LIBRARY
IMPROVEMENTS CAPITAL PROJECT FUND.
WHEREAS, SB230 granted the City
Community Library; and,
1,500,000 for the expansion of the Kenai
WHEREAS, SB230 was signed by Governor Parnell on June 3, 2010 and will become
effective July 1, 2010; and,
WHEREAS, receipt of the grant will facilitate the repayment of City General Fund,
Fund Balance in the amount of 51,103,605 previously appropriated to the project;
and,
WHEREAS, Ordinance No. 2492 -2010 reduces the amount previously appropriated
utilizing a transfer from the City's General Fund by S 1,103,605; and,
WHEREAS, the remaining $396,395 will allow for replacement of the aging roof on the
existing library building and construction of a new circulation desk for the expanded
facility; and,
WHEREAS, the new project budget for the Library Expansion project will be
$5,711,911.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, that estimated revenues and appropriations be increased as follows:
Library Improvements Capital Project Fund
Increase Estimated Revenues:
State Grants
Increase Appropriations:
Construction
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 16th day of June,
2010.
ATTEST:
Carol L. Freas, City Clerk
Approved by Finance:
7
$1,500,000
$1500,000
P AT PORTER, MAYOR
Introduced: June 2, 2010
Adopted: June 16, 2010
Effective: June 16, 2010
theGi °f
KENAI, ALASKA
MEMO:
'Village with a Past, Ct with a Future
210 Fidalgo Avenue, Kenai, Alaska 99611 -7794
Telephone: 907- 283 -7535 FAX: 907- 283 -3014
TO: City Council
FROM: Rick Koch
DATE: May 27, 2010
SUBJECT: Ordinance 2491 -2010 Ordinance 2492 2010
The purpose of this correspondence is to recommend approval of the above referenced
ordinances.
The effect of your approvals is to appropriate a State Grant in the amount of $1,500,000 to the
Kenai Community Library Improvements Capital Fund and to re- appropriate $1,103,605 from
the Kenai Community Library Expansion Project to the General Fund.
If Ordinances 2491 -2010 and 2492 -2010 are approved the effect to the Kenai Community
Library Improvements Project Budget and to the Projected FY2010 General Fund Budget are as
follows:
Library
The Library Expansion Budget would simultaneously be increased by $1,500,000 and
reduced by $1,103,605. This results in a net increase of $396,395 which will provide
additional funding for the complete replacement of the roof on the existing Library and
the construction of a new circulation desk.
General Fund
The latest year -end projection for FY 2010 General Fund financial performance did not
include a re- appropriation (re- payment) to the General Fund. As a result of
appropriations during FY2010 to the Library project, the projected General Fund
performance is a deficit of $1,050,304. The re- appropriation of $1,103,605 to the
General fund will result in a projected year -end surplus of $53,301.
1992
Governor Parnell will have signed SB 230, the State Capital Budget, prior to the scheduled
public hearing (June 16 for these two ordinances. In the event the Governor vetoes the
$1,500,000 appropriation for the Kenai Community Library Expansion Project, Administration
will request the Ordinances be pulled or voted down.
the cityaf
KEN \u� SKA
Rick Koch, City Manager
-7-L From: 'ferry Eubank, Finance Director
Date: June 10, 2010
Re: Amendment information for Ordinance 2491 -2010.
Tillage with a Past, Gc y with a Falwe
FINANCE DEPARTMENT
210 Fidalgo Avenue, Kenai, Alaska 99611 -7794
Telephone: 907 283 -7535 ext 221 FAX: 907 283 -3014
Ordinance 2491 -2010 was introduced omitting the date on which the Governor signed into law
SB230 as the signing had not take place at the June 2, 2010 introduction date. This memo
provides the needed amendment to complete the Ordinance prior to enactment.
Second WHEREAS.
June 3, 2010 should be inserted into the blank indicating the date Governor Parnell signed SB230
into law.
Suggested Amendment:
I move to amend Ordinance No. 2491 -2010 by inserting June 3, 2010 in the blank of the Second
Whereas.