CITY OF HOMER City Manager

HOMER, ALASKA

ORDINANCE 03-69(A)(S)(A)

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, APPROPRIATING FUNDS FOR THE CALENDAR YEAR 2004 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 2004 are appropriated as follows:

General Fund $7,088,010 $7,510,500

Water/Sewer Fund $2,428,576 $2,428,579

Port/Harbor Fund $2,768,504

Capital Projects $2,359,973 $2,354,973

Internal Service Fund $ 911,520

Total Expenditures $15,556,583 $15,974,076

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 2004.

Section 6 This ordinance is limited to approval of the budget and appropriations for Calendar Year 2004,is a non code ordinance and shall become effective January 1, 2004.

Section 7 The City Council shall complete a comprehensive review regarding the adequacy of revenue sources to meet budget expenditures. If principle sources of revenues are determined inadequate then City Council will propose by July 1, 2004 a predictable, long term, annual revenue generating process that accommodates expenditures.

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Ordinance 03-69(A)(S)(A), Budget 2004

City of Homer

PASSED AND ENACTED by the Homer City Council this 15 day of December, 2003.

CITY OF HOMER

____________________

JACK CUSHING, MAYOR

ATTEST:

____________________________________

MARY L. CALHOUN, CMC, CITY CLERK

First Reading: 11/24/03

Public Hearing: 12/08/03

Second Reading: 12/15/03

Effective Date: 01/01/04

Ayes:

Noes:

Abstain:

Absent:

Reviewed and approved as to form and content:

__________________________

Walt Wrede City Manager Date Gordon J. Tans, City Attorney Date

Fiscal note: Included in body.