CITY OF HOMER City Manager

HOMER, ALASKA

ORDINANCE 02-51(A)

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, APPROPRIATING FUNDS FOR THE CALENDAR YEAR 2003 FOR THE GENERAL FUND, THE WATER-SEWER FUND, THE PORT/HARBOR FUND, DEBT FUNDS, CAPITAL RESERVE FUNDS (CONDITIONAL EXPENDITURES).

NOW, THEREFORE, THE CITY OF HOMER ORDAINS:

Section 1. Pursuant to the authority of Alaska Statutes, Title 29, the appropriations for the calendar year ending December 2003 are appropriated as follows:

General Fund $6,995,522 $6,923,421

Water Fund $1,170,903

Sewer Fund $1,075,253

Port/Harbor Fund $2,790,036 $2,741,353

Capital Projects $3,509,696 $3,514,696

Internal Service Fund $ 712,800

Total Expenditures $16,254,210 $16,138,426

Section 2. Such amounts are appropriated to the objects and purposes stated in the adopted budget.

Section 3. A copy of the budget shall be certified by the City Clerk and filed in the Office of the City Clerk.

Section 4. The supporting line item budget detail as presented by the administration and reviewed by council is incorporated as part of this budget ordinance.

Section 5. The property tax mill levy is set at 5.0 mills for 2003.

Section 6 This ordinance is limited to approval of the budget and appropriations for Calendar Year 2003,is a non code ordinance and shall become effective January 1, 2003.

PASSED AND ENACTED by the Homer City Council this _____ day of ___________, 2002.

Page Two

Ordinance 02-51(A), Budget 2003

City of Homer

CITY OF HOMER

____________________

JACK CUSHING, MAYOR

ATTEST:

____________________________________

MARY L. CALHOUN, CMC, CITY CLERK

First Reading: 11/25/02

Public Hearing: 12/09/02

Second Reading: 12/09/02

Effective Date: 01/01/03

Ayes:

Noes:

Abstain:

Absent:

Reviewed and approved as to form and content:

__________________________

Ron Drathman City Manager Date Gordon J. Tans, City Attorney Date

Fiscal note: Included in body.