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Sponsored by: Hunt CITY OF SEWARD, ALASKA RESOLUTION 2014-016 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, RETROACTIVELY AMENDING THE 2013 BUDGET AND APPROPRIATING AN ADDITIONAL $84,087 IN SALES TAX REVENUE TO THE HOSPITAL ENTERPRISE FUND WHEREAS, the 2013 Operating Budget anticipated that one cent of every four cents in sales tax collected by the City of Seward would be transferred to the Hospital Enterprise Fund to pay healthcare related costs including debt service costs for the hospital and the long-term care facilities; the hospital Public Employees Retirement System (PERS) liability; major repair and replacement costs, and operating costs associated with healthcare; and WHEREAS, actual sales tax receipts from the Kenai Peninsula Borough during 2013 totaled $4,544,418, requiring an additional transfer of$84,087 to the Hospital Enterprise Fund, for a total annual transfer from the General Fund to the Hospital Enterprise Fund of$1,136,104. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The 2013 Operating Budget shall be amended as follows: 1) increase sales tax revenue account 101-0000-4120-0100 by $296,566 to a total of $4,544,632; and 2) appropriate an additional $84,087 from the General Fund Transfers-Out account no. 101-0000- 3071-0801 to the Hospital Enterprise Fund Transfers-In account no. 801-0000-3070-0101. Section 2. This resolution shall be retroactive to December 31, 2013. PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 10111 day of February, 2014. THE CITY OF SEWARD, ALASKA an Bardarson, Mayor