CITY OF HOMER

HOMER, ALASKA

                                                                                                            Novak/Roberts

 

ORDINANCE 07-11(A)

 

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA AUTHORIZING THE DISTRIBUTION OF AN ADDITIONAL $10,000 TO THE PRATT MUSEUM AND AN ADDITIONAL $10,000 TO THE HOMER FOUNDATION AS LISTED IN THE ADOPTED 2007 OPERATING BUDGET UNDER FUND 100-350 ACCOUNT NUMBERS 5801 AND 5830.

 

            WHEREAS, The General Fund as of December 31, 2006 contains a net revenue over expenditures in excess of $966,000; and

 

            WHEREAS, The Pratt Museum funding from the City was decreased to $80,000 six years ago to help balance the city budget; and

 

            WHEREAS, Pratt Museum documentation indicates that their operating expenses have grown 4% every year since then, yet the City of Homer has not increased its contribution in the past six years; and

 

            WHEREAS, Based on a 4% yearly operating cost increase from the year 2001, the 2007 funding level should be over $105,000; and

 

            WHEREAS, With a $10,000 increase to museum funding, the City will only be contributing 13.5% of the operating support necessary to maintain the museum; and

 

            WHEREAS, Other local organizations have experienced cost increases similar to the Pratt Museum; and

 

            WHEREAS, The Homer Foundation has been designated by the City to distribute funds to other local organizations supporting community needs in Homer; and

 

            WHEREAS, Half of the money distributed to the Homer Foundation is placed in the City of Homer Fund for long term investment to grow a City fund for future distribution; and

 

            WHEREAS, The balance money will be administered by the Homer Foundation as it sees fit to support the increased operating expenses of local organizations; and

 

            WHEREAS, The additional $10,000 to the Pratt Museum and the $10,000 to the Homer Foundation was included in the 2007 Operating Budget adopted by the Homer City Council on December 11, 2006; and

 

            WHEREAS, The City Council of Homer, Alaska agreed to postpone distribution of these funds, pending final Council approval, until after April 1, 2007.

 

            NOW, THEREFORE, THE CITY OF HOMER ORDAINS:

 

            Section 1.The City Council of Homer, Alaska authorizes the distribution on April 2, 2007 of an additional $10,000 to the Pratt Museum and an additional $10,000 to the Homer Foundation as listed in the adopted 2007 Operating Budget under fund 100-350 account numbers 5801 and 5830.

 

Section 2.This ordinance is a non code ordinance and is of a permanent nature.

 

            PASSED AND ENACTED by the Homer City Council this ________ day of _______________, 2007.

 

                                                                        CITY OF HOMER

 

 

                                                                        _____________________________

                                                                        JAMES C. HORNADAY, MAYOR

 

ATTEST:

 

 

______________________________

JO JOHNSON, CMC, CITY CLERK

 

Introduction:

Public Hearing:

Second Reading:

Effective Date:

 

 

Ayes:

Noes:

Abstain:

Absent:

 

Reviewed and approved as to form and content:

 

______________________                                        _______________________

Walt Wrede, City Manager                                           Gordon Tans, City Attorney

 

Date: _________________                                         Date: ___________________

 

Fiscal Note: Included in body of Ordinance.