HomeMy WebLinkAboutRes1999-090
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CITY OF SEWARD, ALASKA
RESOLUTION 99-090
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, AMENDING THE FY 1999 BUDGET BY APPROPRIATING
$19,334.40 FROM SALES TAX REVENUES TO THE HOSPITAL DEBT
SERVICE FUND
WHEREAS, Based upon the approved FY 1999 Budget (and previous budgets), it is the
intent of Council to transfer 1 % of the 3 % sales tax to the Hospital Debt Service Fund to be used
to pay the debt service from the construction of the new medical facility, retire the hospital Public
Employees Retirement System (PERS) liability and provide monies for major repair and
replacement of the new medical facility; and
WHEREAS, The FY 99 budget included an estimated amount of $637,252 to be
transferred from 1 % of the sales tax to the Hospital Debt Service Fund and the actual sales tax
collected from the Kenai Peninsula Borough for FY 99 has exceeded budget resulting in the need
for a budget amendment to the General Fund operating transfer to the Hospital Debt Service Fund;
and
WHEREAS, Based on the additional sales tax collected, an addiijonal $19,334.40 needs
to be transferred from the General Fund to the Hospital Debt Service I:und..
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The FY 1999 budget be amended by appropriating $19,334.40 from Sales Tax
Revenues, account no. 101-0000-4120-0100 to the Hospital Debt Service Fund Operating
Transfers In, account no. 801-0000-3070-0000 effective June 30, 1999.
Section 2. This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council ofthe city of Seward, Alaska, this 12 day
ofJuly, 1999.
THE CITY OF SEWARD, ALASKA
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Lowell R. Satin, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION NO. 99-090
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Callahan, Gage, King, Orr, Satin, Shafer
None
None
None
ATTEST:
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Patrick Reilly
City Cle{~lIIl1'"
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