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Ordinance 11-47 Transfer $415,873 from City Hall/Town Center Project Construction Account to the New City Hall Expansion and Renovation Project Construction Account

Ordinance Summary

An Ordinance of the Homer City Council Amending the FY 2011 Capital Budget by Transferring $415,873 from the City Hall / Town Center Project Construction Account to the New City Hall Expansion and Renovation Project Construction Account. City Manager/Finance.

Ordinance ID

11-47

Status

Adopted

Ordinance Files

Related Meetings

Mon, Nov 28th, 2011 6:00pm
Mon, Dec 12th, 2011 6:00pm

Related Memorandums

There are no related memorandums for this ordinance.

Introduction Date

Mon Nov 28th, 2011

Public Hearing Date

Mon Dec 12th, 2011

Second Reading Date

Mon Dec 12th, 2011

Effective Date

Tue Dec 13th, 2011

Ordinance Details

CITY OF HOMER
HOMER, ALASKA

City Manager/Finance

ORDINANCE 11-47

AN ORDINANCE OF THE HOMER CITY COUNCIL AMENDING THE FY 2011 CAPITAL BUDGET BY TRANSFERRING $415,873 FROM THE CITY HALL / TOWN CENTER PROJECT CONSTRUCTION ACCOUNT TO THE NEW CITY HALL EXPANSION AND RENOVATION PROJECT CONSTRUCTION ACCOUNT.

WHEREAS, Ordinance 07-29 authorized the transfer of $415,873 from the City Hall Depreciation Reserves (Acct: 156-384) to the City Hall / Town Center project construction account (Account 170-173); and

WHEREAS, The proposed financing package for the City Hall / Town Center project was rejected by the voters and the funds remaining in a Legislative Grant for this project were subsequently re-appropriated by the Legislature to be used for the City Hall Expansion and Renovation Project (Acct: 151-775); and

WHEREAS, The Council accepted and appropriated the re-appropriated Legislative Grant (Ordinance 11-04) however, it did not formally transfer the $415,873 from the City Hall / Town Center Project account (170-173) to the City Hall Expansion and Renovation Project account ( 151-775); and

WHEREAS, It is important from an accounting perspective that this transfer take place before the end of the year and before the FY 2011 audit takes place; and

WHEREAS, The Council intended that this money be transferred and used for the new project as evidenced by the adoption of Ordinance 11-19(S) and supporting Memorandum 11-066 which established a preliminary project budget and showed the transfer of these funds to the project account.

NOW, THEREFORE, THE CITY OF HOMER ORDAINS:

Section 1. The Homer City Council hereby amends the FY 2011 Capital Budget by transferring $415,873 from the City Hall / Town Center Project account to the City Hall Expansion and Renovation account as follows:

Account Description Amount
170-173 City Hall / Town Center Project $415,873

Transfer to:
151-775 City Hall Renovation and
Expansion Project $415,873

Section 2. This is a budget amendment ordinance, is temporary in nature, and shall not be codified.

ENACTED BY THE CITY COUNCIL OF HOMER, ALASKA, this ________ day of ______________ 2011.

CITY OF HOMER


_____________________________
JAMES C. HORNADAY, MAYOR
ATTEST:


______________________________
JO JOHNSON, CMC, CITY CLERK

YES:
NO:
ABSTAIN:
ABSENT:

First Reading:
Public Hearing:
Second Reading:
Effective Date:

Reviewed and approved as to form:

________________________ ____________________________
Walt E. Wrede, City Manager Thomas F. Klinkner, City Attorney

Date: ___________________ Date: _______________________