HomeMy WebLinkAboutRes2001-023
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CITY OF SEWARD, ALASKA
RESOLUTION 2001-023
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, AMENDING THE FY2000 BUDGET BY APPROPRIATING
$32,945.44 FROM SALES TAX REVENUES TO THE HOSPITAL DEBT
SERVICE FUND
WHEREAS, the Fiscal Year 2000 Budget anticipated that one cent of every three cents
in sales tax collected by the City of Seward would be transferred to the Hospital Debt Service
Fund to be used to pay: the debt service costs related to construction of the hospital facility; the
hospital Public Employees Retirement System (PERS) liability; and to finance major repair and
replacement costs associated with the new hospital facility; and
WHEREAS, the Fiscal Year 2000 Budget included an estimated amount of $700,000 in
sales tax revenues be transferred from the General Fund to the Hospital Debt Service Fund, based
on estimated total sales tax cash receipts of $2, 1 00,000; and
WHEREAS, the actual sales tax receipts from the Kenai Peninsufa Borough during
Fiscal Year 2000 exceeded the budget estimates, resulting in the need to amend the budget and
increase the General Fund's operating transfer to the Hospital Debt Service Fund; and
WHEREAS, based on the additional sales tax collected, it is necessary to transfer an
additional $32,945.44 from the General Fund to the Hospital Debt Service Fund;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The Fiscal Year 2000 budget shall be amended by appropriating $32,945.44
from the General Fund Operating Transfers-Out account no. 101-0000-3070-0801 to the Hospital
Debt Service Fund Operating Transfers-In account no. 801-0000-3070-0000 effective December
31,2000.
Section 2. This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 12th
day of February, 2001.
THE CITY OF SEWARD, ALASKA
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Edgar Blatchford, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2001-023
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Calhoon, Clark, King, Orr, Shafer
None
Brossow
None
ATTEST:
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Patrick Reilly
City Clerk
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