CITY OF HOMER

HOMER, ALASKA

City Manager/Finance

ORDINANCE 08-61(A)

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, AMENDING THE FY 2008 OPERATING BUDGET IN THE AMOUNT OF $432,178.79 ($212,795.36 GENERAL FUND, $141,978.87 WATER AND SEWER FUND, $77,404.57 PORT AND HARBOR FUND) AND APPROPRIATING THE UNALLOCATED BALANCE OF THE EXCESS REVENUES FOR 2007 OF $466,167 AND THE FY 2008MUNICIPAL ENERGY CREDIT OF $379,649 INTO THE 2008 GENERAL RESERVE FUND.

WHEREAS, The City has experienced significant and unanticipated cost increases in 2008 for fuel, utilities, insurance, and audit that exceed the approved FY 2008 Operating Budget; and

WHEREAS, These are necessary expenses and the Council wishes to appropriate funds and amend the FY 2008 Operating Budget accordingly.

NOW THEREFORE, THE CITY OF HOMER ORDAINS:

Section 1. The City of Homer finds that amending the FY 2008 Operating Budget to appropriate funds to cover unanticipated expenses that exceed the approved budget is desirable and hereby amends the Budget as follows:

Account Number Description Amount

FUEL

General Fund

100-114-5203 $28,530.58

100-140-5203 $ 102.26

100-145-5203 $ 7,665.44

100-149-5203 $ 6,216,96

100-150-5203 $ 2,428.03

100-160-5203 $ 28,579.51

100-171-5203 $ 2,136.73

100-175-5203 $ 16,595.67

100-176-5203 $ 27,487.46

TOTAL $119,742.63

Water / Sewer

200-401-5203 $ 11,621.63

200-501-5203 $ 20,975.13

TOTAL $ 32,596.76

Port and Harbor

400-603-5203 $ 814.44

400-601-5203 $ 1,499.99

400-611-5203 $ 7,431,15

TOTAL $ 9,745.57

TOTAL FUEL $162,048.96

ELECTRIC

General Fund

100-149-5217 $ 3,149.43

100-160-5217 $ 77.97

100-164-5217 $ 1,302.00

100-171-5217 $ 1,786.61

100-175-5217 $ 549.36

TOTAL $ 6,865.37

Water / Sewer

200-401-5217 $ 3,949.08

200-403-5217 $ 9,027.82

200-404-5217 $29,891.73

200-501-5217 $48,060.96

200-503-5217 $ 8,495.43

TOTAL $99,425.02

Port and Harbor

400-603-5217 $37,212.54

400-611-5217 $ 104.78

TOTAL $37,317.32

TOTAL ELECTRIC $143,607.71

WATER

General Fund

100-145-5218 $ 343.80

100-149-5218 $ 6,046.84

100-165-5218 $ 369.92

100-171-5218 $ 707.76

100-175-5218 $ 3,329.84

TOTAL $10,798.16

Water / Sewer

200-501-5218 $ 4,078.36

Port and Harbor

400-603-5218 $ 16,670.24

TOTAL WATER $ 31,546.76

SEWER

General Fund

100-145-5219 $ 504.08

100-149-5219 $ 3,896.65

100-165-5219 $ 174.03

100-171-5219 $ 342.73

100-175-5219 $ 2,453.66

TOTAL $ 7,371.15

Port and Harbor

400-601-5219 $2,904.12

TOTAL SEWER $ 10,275.27

AUTO INSURANCE

Water and Sewer

200-400-5222 $ 364.70

200-500-5222 $ 385.00

TOTAL AUTO INSURANCE $ 749.70

GENERAL LIABILITY INSURANCE

General Fund

100-113-5223 $ 319.00

100-114-5223 $ 118.00

100-120-5223 $ 657.00

100-130-5223 $ 312.00

100-140-5223 $ 230.00

100-149-5223 $ 259.00

100-150-5223 $ 984.00

100-160-5223 $29,011.00

100-164-5223 $ 7,977.00

100-165-5223 $ 147.00

100-170-5223 $18,985.08

TOTAL $58,999.08

Port and Harbor

400-600-5223 $ 5,365.11

TOTAL GENERAL LIABILITY INSURANCE $ 64,364.19

AUDIT SERVICES

General Fund

100-100-5211 $ 7,163.97

100-120-5211 $ 1,855.00

TOTAL $ 9,018.97

Water and Sewer

200-400-5211 $ 3,569.51

200-500-5211 $ 1,559.51

TOTAL $ 5,129.02

Port and Harbor

400-600-5211 $ 5,402.20

TOTAL AUDIT SERVICES $19,550.19

TOTAL BUDGET AMENDMENT $ 432,178.79

Section 2. The balance of the UNALLOCATED excess revenues for 2007 of $466,167 and the fy 2008 Municipal Energy Credit of $379,649 will be placed in the 2008 General Reserve Fund.

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

ENACTED BY THE CITY COUNCIL OF HOMER, ALASKA, this 8^th day of December, 2008.

CITY OF HOMER

_____________________________

JAMES C. HORNADAY, MAYOR

ATTEST:

______________________________

JO JOHNSON, CMC, CITY CLERK

YES:

NO:

ABSTAIN:

ABSENT:

First Reading:

Public Hearing:

Second Reading:

Effective Date:

Reviewed and approved as to form:

_____________________________ _____________________________

Walt Wrede, City Manager Thomas F. Klinkner, City Attorney

Date: ________________________ Date: ________________________

Fiscal Note: $432,178.79 Operating Budget 2008; Excess Revenues for 2007 of $466,167 and the Municipal Energy Credit of $379,649 from 2008 ($845,816) will be placed in the 2008 General Reserve Fund.