HomeMy WebLinkAboutRes2007-036
Sponsored by: Yoder
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CITY OF SEWARD, ALASKA
RESOLUTION 2007-036
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, APPROPRIATING LAPSED MATCHING GRANT FUNDS BACK
TO THE GENERAL FUND UNDESIGNATED FUND BALANCE ACCOUNT,
IN THE AMOUNT OF $50,000
WHEREAS, the Seward City Council approved Resolution 2002-034 on April 8, 2002,
authorizing the designation of$50,000 of the General Fund's fund balance to be utilized to match a
potential grant from the State's Division of Community and Business Development Community
Priorities Program; and
WHEREAS, on January 14, 2002, the City Council approved resolution 2002-007,
supporting the concept of the Fort Raymond Satellite Fire Station, and authorizing the city
administration to pursue funding; and
WHEREAS, as part of the grant application process, the granting agency required that the
City demonstrate a willingness to commit 10% of the project cost as matching funds; and
WHEREAS, the City was not successful in obtaining the grant, thus eliminating the need to
..... retain these matching funds as part of the General Fund's designated fund balance; and
WHEREAS, this resolution authorizes the $50,000 to be released from designated fund
balance and be appropriated back to the General Fund's undesignated fund balance account.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The city manager is hereby authorized to release funding in the amount of
$50,000 from designated fund balance account no. 101-0000-3042, to the General Fund's
undesignated fund balance account no. 101-0000-3050.
Section 2. This resolution shall take effect immediately.
PASSED AND APPROVED by the City Council ofthe City of Seward, Alaska, this 9th day
of April, 2007.
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CITY OF SEWARD
RESOLUTION 2007-036
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AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
THE CITY OF SEWARD, ALASKA
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Vanta Shafer, Mayor
Dunham, Valdatta, Thomas, Schafer, Bardarson, Amberg, Shafer
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Jean
City
(City Seal)
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Council Agenda Statement
Meeting Date: February 12, 2007
Through: Marvin Yoder, Interim City Manager
From: Kristin Erchinger, Finance Director
Agenda Item: Undesignate Matching Grant Funds
BACKGROUND & JUSTIFICATION:
On January 14, 2002, the Seward City Council approved Resolution 2002-007, supporting the concept
of the Fort Raymond Satellite Fire Station, and authorizing the city administration to pursue grant funds
for the project.
On April 8, 2002, Council approved Resolution 2002-034, authorizing $50,000 to be set aside or
designated for the purpose of matching a potential $500,000 grant that was being applied for from the
State’s Division of Community and Business Development Community Priorities Program. The City had
previously applied for granting through this agency, but was told that in order to receive a higher score in
the grant application process, the City would need to commit to funding at least 10% of the project.
The fire department subsequently applied for the grant but once again failed to be awarded the grant, and
no other grant opportunities requiring this match have been contemplated. Thus, it is no longer
necessary to retain these matching funds as part of the General Fund’s designated fund balance. This
resolution authorizes the funds to be released back to the General Fund’s undesignated fund balance
account, to be available to meet unforeseen needs, emergencies, or future appropriations.
CONSISTENCY CHECKLIST: Where applicable, this agenda statement is consistent with the Seward
City Code, Charter, Comprehensive Plans, Land Use Plans, Strategic Plan and City Council Rules of
Procedures. Other: _________________________________________________________
FISCAL NOTE:
There is no net impact of this appropriation on the General Fund.
Approved by Finance Department: ___________________________
RECOMMENDATION:
Council approve Resolution 2007- authorizing $50,000 to be released from the designated fund
balance account to the fund balance account in the General Fund.