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Ordinance 17-34(A) Mid Year Budget Amendments
Summary
An Ordinance of the City Council of Homer, Alaska, Amending the FY 2017 Operation Budget to Provide for Necessary Mid-Year Adjustments by Increasing Revenue Projections and Appropriating and Transferring Funds from the General and Port and Harbor Funds.
Ordinance/Resolution ID:
17-34(A)
Ordinance/Resolution Status:
Adopted
Introduction Date:
09/25/2017
Effective Date:
10/10/2017
File Attachments:
Public Hearing Date:
10/09/2017
Second Reading Date:
10/09/2017
Related Meetings
Related Memorandums
Details
CITY OF HOMER
HOMER, ALASKA
City Manager/Finance Director
ORDINANCE 17-34(A)
AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, AMENDING THE FY 2017 OPERATING BUDGET TO PROVIDE FOR NECESSARY MID-YEAR ADJUSTMENTS BY INCREASING REVENUE PROJECTIONS, AND APPROPRIATING AND TRANSFERRING FUNDS FROM THE GENERAL AND PORT AND HARBOR FUNDS.
WHEREAS, The City experienced a number of unanticipated expenses in 2017 ranging from a special election to emergency repairs; and
WHEREAS, Due to changes in the assessment methodology by the Kenai Peninsula Borough real property taxes for 2017 will come in $278,675 over 2017 budget; and
WHEREAS, It is necessary to accept the FY2017 and FY2018 Community Assistance payments from the State of Alaska it is no longer included in the operating budget; and
WHEREAS, It is necessary and appropriate to adopt a mid-year budget amendment in order to fully fund City operations, fund necessary expenditures from reserves and reflect the change in property tax revenue.
NOW, THEREFORE, THE CITY OF HOMER ORDAINS:
Section 1. The City Council hereby appropriates and authorizes the expenditure of $7,380 from the Library Reserves for emergency repairs to the fire alarm system at the Homer Public Library:
Expenditure:
Account Description Amount
156-0390 Repair Library Fire Alarm System $7,380
Section 2. The City Council hereby appropriates and authorizes the expenditure of $6,235 from City Hall deprecation reserves for emergency repairs to the elevator at City Hall:
Expenditure:
Account Description Amount
156-0384 Repair City Hall Elevator $6,325
Section 3. The City Council hereby appropriates and authorizes the expenditure of $2,000 from Old Middle School deprecation reserves for the purchase and install an automatic external defibrillator (AED) in the gym at Homer Education and Recreation Complex (HERC):
Expenditure:
Account Description Amount
156-0396 Purchase and install AED $2,000
Section 4. The City Council hereby increases Real Property Tax Revenue in the 2017 General Fund budget by $278,675 and authorizes $112,100 in increased expenditures in the following 2017 operating budget line items and $176,575 transfer to City Hall reserves:
Revenue
Account Description Original Amended
100-410123 Real Property Tax $2,914,354 $3,193,029
Expenditure:
Account Description Original Amended
100-0100-5210 Professional Services $250,000 $312,000
(Mayor/ Council)
100-0140-5244 Snow Removal (City Hall) $7,500 $17,000
100-0145-5244 Snow Removal (Library) $10,000 $15,000
100-0150-5244 Snow Removal (Fire) $0 $10,500
100-0160-5244 Snow Removal (Police) $4,000 $12,000
100-0100-5233 Computer Related Items $500 $8,500
(Mayor/Council)
100-0102-5103 PT Wages (Elections) $1,707 $2,407
100-0102-5107 PT Overtime (Elections) $1,700 $2,600
100-0102-5206 Food and Staples (Elections) $400 $550
100-0102-5227 Advertising (Elections) $1,500 $2,150
100-0102-5238 Printing and Binding $4,700 $11,400
(Elections)
Transfer to:
Account Description Amount
156-0384 City Hall Reserves $50,000
Section 4. The City Council hereby transfers $99,824 from General Fund Library debt service to the Police Station Fund.
Transfer from:
Account Description Amount
100-0145-5607 Library debt service principal $50,970
100-0145-5608 Library debt service interest $48,854
Transfer to:
Account Description Amount
156-0378 Police Station Fund $448,422
Section 5. The City Council hereby accepts $421,023 from the State of Alaska FY17 and FY 18 Community Assistance program.
Revenue:
Account Description Amount
100-0030-4501 FY17 SOA Community Assistance $189,000
100-0030-4501 FY18 SOA Community Assistance $0
Section 6. The City Council hereby appropriates $80,000 from the Port and Harbor Depreciation Reserves for completing funding for replacing the water line under the Fish Dock, upgrades to the parking lot at Ramp 2, and refurbishing a harbor fire cart:
Expenditure:
Account Description Amount
456-380 Waterline at Fish Dock $30,000
456-380 Parking Lot at Ramp 2 $25,000
456-380 Fire Cart Refurbish $25,000
Section 7. This is a budget amendment ordinance only, is not permanent in nature, and shall not be codified.
ENACTED BY THE CITY COUNCIL OF HOMER, ALASKA, this ______ day of _______, 2017.
CITY OF HOMER
_________________________
BRYAN ZAK, MAYOR
ATTEST:
______________________________
MELISSA JACOBSEN, MMC, CITY CLERK
YES:
NO:
ABSTAIN:
ABSENT:
First Reading:
Public Reading:
Second Reading:
Effective Date:
Reviewed and approved as to form:
Katie Koester, City Manager Holly C. Wells, City Attorney
Date: _________________________ Date: _________________________
