HomeMy WebLinkAboutOrdinance No. 2608-2012Mc c c .,of
KENAI. ALASKA
Suggested by: Administration
CITY OF KENAI
ORDINANCE NO. 2608 -2012
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, INCREASING
GENERAL FUND ESTIMATED REVENUES AND APPROPRIATIONS TO COMPLETE THE
CLOSURE OF THE COUNCIL ON AGING SPECIAL REVENUE FUND.
WHEREAS, as part of the FY2012 Budget the administration proposed to combine the
Senior Citizen and Council on Aging Special Revenue funds into a single fund as
separation was no longer required; and,
WHEREAS, reducing the number of special revenue funds simplifies the City's
accounting without reducing accountability or ability to provide program level
reporting; and,
WHEREAS, transferring the residual fund balance from the closing Council on Aging
Fund is the final step in this process.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, as follows:
Section 1. Estimated revenues and appropriations be increased as follows:
Council on Aging
Increase Estimated Revenues:
Appropriation of Fund Balance
Increase Appropriations:
Transfer to Senior Citizen Fund
$106,133
106,133
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 15th day of
February, 2012. \ _ y, ) \\ ,
Sandrfi Ivtodigh,'City Clerk
Approved by Finance: 7�
PAT PORTER, MAYOR
Introduced: February 1, 2012
Adopted: February 15, 2012
Effective: February 15, 2012
New Text Underlined. [DELETED TEXT BRACKETED]
KENAI, ALAS
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"I iffaye with a Past, Ci y with a Future"
FINANCE DEPARTMENT
210 Fidalgo Avenue, Kenai, Alaska 99611 -7794
Telephone: 907 - 283 -7535 ext 221 / FAX: 907 - 283 -3014
To: Rick Koch, City Manager
From: Terry Eubank, Finance Director
Date: January 26, 2012
Re: Ordinance 2608 -2012
During preparation of the FY2012 Budget it was proposed to reduce the number of funds used to
account for senior citizen activities of the City. In the past, due to the varying revenue sources,
multiple funds, The Council on Aging Special Revenue Fund (COASRF) and the Senior Citizen
Fund (SCF), we used to account for senior programs. In FY2012 the only revenue source
remaining in The Council on Aging Special Revenue Fund was Choice Waiver funding received
from the State of Alaska.
Finance recommended consolidating the two senior funds for easy of reporting. The FY12
budget reflects this change but at June 30, 2011 5106,133 remained in the (COASRF) that must
be transferred to the SCF for the process to be complete. Ordinance 2608 -2012 will accomplish
this step.