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HomeMy WebLinkAboutOrdinance No. 2492-2010KENAI. ALASKA CITY OF KENAI ORDINANCE NO. 2492 -2010 Suggested by: Administration AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, REDUCING ESTIMATED REVENUES AND APPROPRIATIONS BY $1,500,000 IN THE GENERAL FUND AND LIBRARY IMPROVEMENTS CAPITAL PROJECT FUND. WHEREAS, SB230 granted the City $1,500,000 for the expansion of the Kenai Community Library; and, 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 allow for the reduction of S 1,103,605 in transfers previously appropriated from the General Fund in fiscal year 2010 for the construction project. 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 Decrease Estimated Revenues: Transfer from General Fund Decrease Appropriations: Construction General Fund Decrease Estimated Revenues: Appropriation of Fund Balance Decrease Appropriations: Transfer to Library Construction Capital Project Fund PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALA KA this 16th day of June, 2010. ATTEST: Carol L. Freas, City Clerk Approved by Finance: 7 $1,103,605 $1,103,605 $1,103,605 $1,103,605 Introduced: June 2, 2010 Adopted: June 16, 2010 Effective: June 16, 2010 the ci fr KENA To: Rick Koch, City Manager 7 From: Terry Eubank, Finance Director Date: June 10, 2010 Re: Amendment information for Ordinance 2492 -2010. with a Past, C# with a Future FINANCE DEPARTMENT 210 Fidalgo Avenue, Kenai, Alaska 99611 -7794 Telephone: 907 283 -7535 ext 221 FAX: 907 283 -3014 Ordinance 2492-2010 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. 2492 -2010 by inserting June 3, 2010 in the blank of the Second Whereas.