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HomeMy WebLinkAboutRES2023-113 Community Assistance Program Funds Sponsored OF SEWARD,ALASKA by: Sorensen RESOLUTION 2023-113 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ACCEPTING AND APPROPRIATING COMMUNITY ASSISTANCE PROGRAM FUNDS IN THE AMOUNT OF$107,070.85 FOR THE PURPOSE OF CAPITAL PROJECTS RELATED TO FIRE, PUBLIC SAFETY AND ROAD MAINTENANCE WHEREAS, the Community Assistance Program, formerly known as Community Revenue Sharing, provides funding to municipalities that provide services such as fire protection, water and sewer, public road maintenance, and solid waste management; and WHEREAS, the program is funded by state budget appropriations; and WHEREAS,program funding decreased from$141 million to$30 million and in 2022 we received $136,622.12, it was unknown if the program would be funded for 2023; and WHEREAS, because allocation of program funds was not anticipated, the City of Seward 2023 operating budget does not contain budgeted revenue for the funds; and WHEREAS, the City unexpectedly received $107,070.85 from the Community Assisting Program; and 100%of those funds will be transferred from the General Fund to the Capital Acquisition Fund to be used for capital projects related to fire, public safety and road maintenance. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD,ALASKA that: Section 1. The Capital Improvement Plan for FY23_FY24, which is attached hereto and made a part hereof by reference,is hereby adopted. Section 2.The Assistance Program funds in the amount of$107,070.85 is hereby accepted and appropriated to 01000-0000-4200 in the General Fund Revenue Sharing Account and will be transferred from the General Fund 01000-0000-3710 to the Capital Acquisition Fund 80010-0000- 3700 to be used for capital projects related to fire, public safety and road maintenance. Section 3. This resolution shall take effect immediately upon adoption. PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 9th day of October, 2023. CITY OF SEWARD, ALASKA RESOLUTION 2023-113 ..J THE CITY OF SEWARD, ALASKA _frrfl-e au.0 Sue McClure, Mayor AYES: Barnwell, Finch, Wells, Calhoon, Osenga, McClure NOES: None ABSENT: DeMoss ABSTAIN: None ATTEST: Jo Kurtz Acting City Clerk (City Seal) mia esZC -#141.6714.6 4,6% .•.•— • SEAL • o '••.q/E solo OFA 'oss 1 .ri City Council Agenda Statement Meeting Date: October 9, 2023 To: City Council Through: Kat Sorensen, City Manager From: Sully Jusino, Finance Director Agenda Item: Resolution 2023-113: Accepting and Appropriating Community Assistance Program Funds in the Amount of $107,070.85 for the Purpose of Capital Projects Related to Fire, Public Safety, and Road Maintenance Background and justification: The Community Assistance Program, formerly known as Community Revenue Sharing, provides funding to municipalities that provide services such as fire protection, water and sewer, public road maintenance, and solid waste management. The program is funded by state budget appropriations. Program funding decreased from $141 million to $30 million and in 2022 we received $136,622.12. it was unknown if the program would be funded for 2023. Because allocation of program funds was not anticipated, the City of Seward FY23_24 operating budget does not contain budgeted revenue for the funds. The State Revenue sharing funds have become more uncertain over time and to avoid factoring one — time uncertain revenues into the City's operating budget, the City has operated under a policy of utilizing one-time revenues to fund capital needs. Community Assistance Program Funds in the amount of $107,070.85 will be appropriated to the General Fund and will be transferred to the Capital Acquisition Fund in accordance with the City's budget policy. Comprehensive and Strategic Plan Consistency Information This legislation is consistent with (citation listed): Comprehensive Plan: Strategic Plan: Other: Certification of Funds Total amount of funds listed in this legislation: $ 107,070.85 This legislation (✓): ✓ Creates revenue in the amount of: $ 107,070.85 Creates expenditure in amount of: $ Creates a savings in the amount of: $ Has no fiscal impact Funds are (✓): Budgeted Line item(s): ✓ Not budgeted Not applicable 38 Unassigned Fund Balance and Available Unrestricted Cash Balance Information Fund (✓): ✓ General SMIC Electric Wastewater Boat Harbor Parking F1 Water Healthcare Motor Pool Other Available Unrestricted Cash Balance*: $ *Unaudited numbers Finance Signature: Attorney Review Yes Attorney Signature: ✓ Not applicable Comments: Administration Recommendation e✓ Adopt Resolution Other: 39