CITY OF HOMER

HOMER, ALASKA

                                                                                                                  Mayor

ORDINANCE 08-35(A)

 

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, APPROPRIATING FIVE HUNDRED THOUSAND DOLLARS ($500,000) FROM THE GENERAL FUND RESERVES FOR THE PURPOSE OF REDUCING WATER AND SEWER BILLS FOR SMALL BUSINESSES THE PURPOSES OF REDUCING WATER AND SEWER BILLS ON A TEMPORARY BASIS.

 

            WHEREAS, The City Council received copies of the 2007 Comprehensive Annual Financial Report (Audit) and heard a presentation from the Auditors at its regular meeting on June 23, 2008; and

 

            WHEREAS, The Audit indicates that General Fund revenues exceeded expenditures by $1,458,126 in 2007 and that the fund balance increased by $1,123,964.

                       

NOW, THEREFORE, THE CITY OF HOMER ORDAINS:

 

            Section 1. The Homer City Council finds that appropriating $500,000 from the General Fund Reserves for the purpose of providing a temporary reduction in water and sewer bills for small business is in the public interest and appropriates the money as follows:

 

Account No.                            Description                                                       Amount

100-100-5990                         General Fund Reserves                                     $500,000

 

Account No.                            Description                                                       Amount

156-375-4992                         General Fund Depreciation Reserves                 $500,000

 

Account No.                            Description                                                       Amount

156-375-5990                         General Fund Reserves                         $500,000

 

Account No.                            Description                                                       Amount

200-400-4992                         Water Transfers                                                $250,000

 

Account No.                            Description                                                       Amount

200-500-4992                         Sewer Transfers                                               $250,000

 

            Section 2. The Manager and the Finance Director are directed to propose a recommended plan to implement this ordinance and bring it back for Council approval at the first Council meeting in September or at second reading.

 

            Section 3. This is a budget amendment ordinance, is temporary in nature, and is a non-code ordinance which shall not be codified.

 

            ENACTED BY THE CITY COUNCIL OF HOMER, ALASKA, this _________ day of _________________, 2008

 

 

                                                                                    CITY OF HOMER

 

 

                                                                                    _____________________________

                                                                                    JAMES C. HORNADAY, MAYOR

 

ATTEST:

 

 

______________________________

JO JOHNSON, CMC, CITY CLERK

 

AYES:

NOES:

ABSTAIN:

ABSENT:

 

First Reading:

Public Hearing:

Second Reading:

Effective Date:

 

Reviewed and approved as to form:

 

 

____________________________                                        ___________________________

Walt Wrede, City Manager                                           City Attorney

 

 

Date: _______________________                                         Date: ______________________

 

Fiscal Note: $500,000 General Fund Reserves.