HomeMy WebLinkAboutOrdinance No. 2619-2012then of
KENAI. ALASKA
Suggested by: Administration
CITY OF KENAI
ORDINANCE NO. 2619 -2012
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, DECREASING
ESTIMATED REVENUES AND APPROPRIATIONS IN THE STREETS, WATER, AND
SEWER CAPITAL PROJECT FUND AND INCREASING ESTIMATED REVENUES AND
APPROPRIATIONS IN THE CITY SHOP CAPITAL PROJECT FUND FOR THE
SCHEMATIC DESIGN OF A NEW CITY SHOP UTILIZING GRANT FUNDS FROM THE
STATE OF ALASKA FOR THE PROJECT.
WHEREAS, the City received a grant in the amount of $1,000,000 from the State of
Alaska for public improvement; and,
WHEREAS, the funds were initially appropriated in the Streets, Water, and Sewer
Capital Project Fund but these grant funds may be used for any public improvement
project; and,
WHEREAS, as of February 29, 2012, $491,680.25 of the original grant funds remained
unspent; and,
WHEREAS, the finance department believes accounting for the City Shop Project will
be better accomplished in a separate fund; and,
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, that estimated revenues and appropriations be increased and decreased as
follows:
Streets, Water & Sewer Capital Project Fund
Decrease Estimated Revenues:
State Grant
Decrease Estimated Expenditures
Construction
City Shop Capital Project Fund
Increase Estimate Revenues:
State Grant
Increase Appropriations:
Construction
$129,1 19.28
$129,119.28
$129,1 19.28
$129,119.28
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Ordinance No. 2619 -2010
Page 2 of 2
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this fourth day of April,
2012.
Nancy Cary: r, emporary Deputy City Clerk
Approved by Finance:
PAT PORTER, MAYOR
Introduced: March 21, 2012
Adopted: April 4, 2012
Effective: April 4, 2012
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