AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA AUTHORIZING THE [CREATION OF A NEW DEPRECIATION RESERVE ACCOUNT AND] TRANSFER OF $40,000.00 FROM THE GENERAL FUND- FUND BALANCE TO GENERAL FUND DEPRECIATION RESERVE ACCOUNTS AND AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL APPROPRIATE DOCUMENTS AND ACTIONS.
WHEREAS, Ordinance 05-08, adopted by the City Council on March 14, 2005, amended the FY 05 Operating Budget by reducing projected revenues by $40,000 and reducing the appropriation to General Fund Depreciation Reserves by the same amount in order to balance the budget, and
WHEREAS, There was an understanding that the Council would refund the General Fund Depreciation Account from the General Fund - Fund Balance if there were sufficient funds; and
[ WHEREAS, Finance recommends, through the City Manager, the creation of an additional Depreciation Reserve Account for the Animal Shelter.]
WHEREAS, Funds were available at the end of Fiscal Year 2005, but were not returned to these depreciation funds.
NOW, THEREFORE, the City of Homer Ordains:
Section 1. That the City Council hereby authorizes [the creation of a new Depreciation Reserve Account, entitled Animal Shelter Depreciation Reserves and ] the Transfer of $40,000.00 from the General Fund - Fund Balance to General Fund Depreciation Reserve Accounts and that the City Manager is hereby authorized to execute any and all appropriate documents.
| Account No. | Description | Amount |
| Transferred from 100.100.5990 | General Fund - Fund Balance Services | $40,000.00
|
Page Two
Ordinance 06-54(A)
City of Homer
|
Transferred to 156.396.4992 156.390.4992 156.370.4992 |
General Fund Depreciation
Accounts
Leased Property Depreciation Reserves Library Depreciation Reserves Animal Shelter Depreciation Reserves |
$40,000.00 distributed as
follows:
$30,000.00 $ 5,000.00 $ 5,000.00 |
Section 2. This ordinance is a budget amendment only, is not of a permanent nature and is a non code ordinance.
PASSED AND ENACTED by the Homer City Council this ____ day of ___________, 2006
CITY OF HOMER
JAMES C. HORNADAY, MAYOR
ATTEST:
_____________________________________
MARY L. CALHOUN, CMC, CITY CLERK
Introduction/First Reading:
Public Hearing:
Second Reading:
Effective Date:
Ayes:
Noes:
Abstain:
Absent:
Reviewed and approved as to form and content:
___________________________ ___________________________
Walt E. Wrede City Manager Gordon Tans, City Attorney
Date Date
Fiscal Note: Fiscal information included in body of Ordinance.
/mlc