HomeMy WebLinkAboutResolution No. 2014-44Suggested by: Administration
CITY OF KENAI
RESOLUTION NO. 2014 -44
• RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, AUTHORIZING
• BUDGET TRANSFER WITHIN THE WATER 8s SEWER FUND FOR EXPENDITURES
IN EXCESS OF BUDGETED AMOUNTS DUE TO AN ERROR IN FORMATION OF THE
FY2014 OPERATING BUDGET.
WHEREAS, an error in the final compilation of the FY2014 Budget has been
discovered that resulted in under budgeting salaries and associated benefit accounts
in the Water Department of the Water and Sewer Fund; and,
WHEREAS; salaries of Water and Sewer personnel are equally split between
departments but the adopted budget mistakenly understated the budget for the Water
Department; and,
WHEREAS, personnel vacancies due to employee retirement and delays in recruiting
have resulted in sufficient funds being available in the Sewer Department to cover the
budgeting error in the Water Department.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, the following budget transfer be made:
Water 8s Sewer Fund
From:
Sewer - Salaries $20,000
Sewer - Medicare 290
Sewer - PERS 7,172
Sewer - Workers Compensation 512
$27.974
Water - Salaries $20,000
Water - Medicare 290
Water - PERS 7,172
Water - Workers Compensation 512
$2Z 974
Resolution 2014 -44
Page 2 of 2
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 1811, day of June,
2014.
ATTES 4
Sandra Wdigh, Ci Cleerrk�
Approved by Finance: -� _��
PAT PORTER, MAYOR
0
"'Villaye 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
fBo: Rick Koch, City Manager
Ir From: Terry Eubank, Finance Director
l r`
Date: June 11, 2014
Re: Resolution 2014 -44
The purpose of this memo is to support adoption of Resolution 2014 -44. Resolution 2014 -44
will authorize a budget transfer within the Water & Sewer Fund to correct a mistake made in the
compilation of the FY2014 Budget. The error was not detected until now because expenditures
for wages have been less due to vacancies during recruitment for open positions and the
retirement of one employee this fiscal year. As a result there are sufficient funds within the
Sewer Departments wage accounts to transfer and no supplemental funding is need. Your
support is appreciated.