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HomeMy WebLinkAboutRES2025-094 FY26 CAP Appropriation1 Sponsored by: Sorensen CITY OF SEWARD, ALASKA RESOLUTION 2025-094 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, AUTHORIZING THE CITY MANAGER TO ACCEPT AND APPROPRIATE COMMUNITY ASSISTANCE PROGRAM FUNDS IN THE AMOUNT OF $192,239.30 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 police, fire protection, water and sewer, and public road maintenance; and WHEREAS, the program is funded by state budget appropriations; and WHEREAS, because allocation of program funds was not anticipated, the City of Seward's operating budget does not contain budgeted revenue for the funds; and WHEREAS, during FY24, the City received $107,072.85 from the Community Assistance Program, and it was not transferred to the Capital Acquisition Fund; and WHEREAS, the City received notification from the State and is expected to receive the amount of $85,168.45 in FY26; and WHEREAS, 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 FY25/FY26, which is attached hereto and made a part hereof by reference, is hereby adopted. Section 2. The Assistance Program funds in the amount of $192,239.30 are 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. Section3. This resolution shall take effect immediately upon adoption. CITY OF SEWARD, ALASKA RESOLUTION 2025-094 Page 2 of 2 PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 22nd day of September 2025. THE CITY OF SEWARD, ALASKA .4e-Prirne CIA Pe Sue McClure, Mayor AYES: Crites, Wells, Barnwell, Warner, Osenga, McClure NOES: None ABSENT: Finch ABSTAIN: None ATTEST: City Clerk (City Seal) �ossil.i..s��� O. OFSEq,.••. v =• SEAL •_ : 1 -♦— 6 : "0-.,,ts1;s://vf..1,...1.:,;_‘-/* `''s» OF Wks/ , 1 1 1 City Council Agenda Statement Meeting Date: September 22, 2025 To: City Council Through: Kat Sorensen, City Manager From: Sully Jusino, Finance Director Subject: Resolution 2025-094: Authorizing the City Manager to Accept and Appropriate Community Assistance Program Funds in the Amount of $192,239.30 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 police and fire protection, water and sewer, and public road maintenance. The State Revenue sharing funds have become 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. The program is funded by state budget appropriations. Because allocation of program funds was not anticipated, the City of Seward FY23/24, 25/26 operating budget did not contain budgeted revenue for the funds. In FY24, the city received the amount of $107,070.85, and it was not transferred to the Capital Acquisition Fund in accordance with the city's budget policy. For FY26 the City of Seward has received notification of the CAP for payment in the amount of $85,168.45. Community Assistance Program Funds in the amount of $192,239.30 will be appropriated to the General Fund and will be transferred to the Capital Acquisition Fund in accordance with the City's budget policy. M. Comprehensive and Strategic Plan Consistency Information This legislation is consistent with (citation listed): Comprehensive Plan: Strategic Plan: Other: X Total amount of funds listed in this legislation: $ 85,168.45 This legislation (✓): Creates revenue in the amount of: Creates expenditure in amount of: $ Creates a savings in the amount of: $ Has no fiscal impact Funds are (✓): Budgeted Line item(s): 01000-0000-4200 Revenue Sharing Account $ 85,168.45 X Not budgeted Not applicable Affected Fund (✓): General Boat Harbor Motor Pool X Available Fund Balance SMIC Parking Other X Yes Electric Water Attorney Signature: Not applicable Comments: Wastewater Healthcare Note: amounts are unaudited Finance Director Signature: Attorney Review Administration Recommendation X Adopt Resolution Other: