HomeMy WebLinkAboutResolution No. 2008-48Suggested by: Councilor Swarner
CIT% OF i{ENAI
1ESOLUTION NO. 200$-48
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, ESTABLISHING
A POLICY REGARDING DONATION OF MONEY, SERVICES OR EQUIPMENT OF
$5,000 OR MORE IN A FISCAL YEAR TO ANON-PROFIT [501(C)(3) ORGANIZATION
REQUIRING THAT THE NON-PROFIT PROVIDE TO THE CITY AN IRS 990 TAX FORM
AND AN AUDIT OR FINANCIAL STATEMENT THAT IS ACCEPTABLE TO THE CITY FOR
REVIEW PRIOR TO DISBURSEMENT OF A DONATION OF FUNDS, SERVICES OR
EQUIPMENT.
WHEREAS, the City of Kenai has in the past and will in the future donate money,
services or equipment valued at $5,000 or more to non-profit (501(c)(3)) entities; and,
WHEREAS, the Council should have information available about the non-profit's
financial conditional prior to making a decision regarding donation of funds, services or
equipment; and,
WHEREAS, requiring the non-profit entity to provide an IRS 990 form and an audit or
a financial statement that is acceptable to the City will provide needed information to
the City Council and allow it to make informed decisions on donations of $5,000 or
more; and,
WHEREAS, it is in the best interest of the City of Kenai and its citizens to implement
such a policy.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, that the Council of the City of Kenai adopts a policy that prior to
disbursement of a donation of City funds, equipment or services in the amount of
$5,000 or more in a fiscal year to anon-profit (i.e. 501(c)(3)) organization, the
organization must provide an IRS 990 tax form and an audit or financial statement
acceptable to the City of Kenai for review.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this sixth day of August,
2008.
PAT PORTER, MAYOR
ATTEST:
Carol L. Freas, City Clerk