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Sponsored by: Hunt <br /> CITY OF SEWARD,ALASKA <br /> RESOLUTION 2014-094 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br /> ALASKA, AMENDING THE 2015 BUDGET TO REFLECT MID-CYCLE <br /> BUDGET CHANGES, AND APPROPRIATING FUNDS <br /> WHEREAS,the 2014/2015 Biennial Budget was passed in November 2013,reflecting the <br /> budget period from January 1, 2014 through December 31, 2015; and <br /> WHEREAS,this amendment is offered as a mid-cycle budget adjustment to reflect changes <br /> to the budget based on updated information,projects and priorities impacting the City in 2015; and <br /> WHEREAS, this resolution adopts specific changes to the General Fund, the Motor Pool <br /> Internal Service Fund, and most enterprise funds, with specific changes being reflected on the <br /> schedule attached hereto. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF SEWARD,ALASKA, that: <br /> Section 1. The General Fund 2015 Budget is hereby amended and funds are hereby <br /> g Y Y <br /> appropriated,according to the specific modifications included on the attached schedule,as follows: <br /> 1) Revenues are decreased by $74,649; 2) Expenditures are increased by $241,100 with $108,000 <br /> being one-time expenditures; and 3) Transfers-out increase by$420,000. <br /> Section 2. The Harbor Enterprise Fund 2015 Budget is hereby amended and funds are hereby <br /> appropriated, according to the specific modifications included on the attached spreadsheet, as <br /> follows: 1) Revenues remain unchanged; and 2) Expenses are increased by the net amount of <br /> $138,273.09, including $87,500 in one-time matching funds for the design of S Launch ramp. <br /> Section 3. The Seward Marine Industrial Center 2015 Budget is hereby amended and funds <br /> are hereby appropriated, according to the specific modifications included on the attached <br /> spreadsheet, as follows: 1) Revenues are increased by $5,000; and 2) Expenses are increased by <br /> $17,300. <br /> Section 4. The Electric Enterprise Fund 2015 Budget is hereby amended and funds are <br /> hereby appropriated,according to the specific modifications included on the attached spreadsheet,as <br /> follows: 1)There are no changes to revenues or transfers;and 2)Expenses are increased by$14,300. <br /> Section 5. The Water Enterprise Fund 2015 Budget is hereby amended and funds are hereby <br /> appropriated, according to the specific modifications included on the attached spreadsheet, as <br /> y,r,,,, follows: 1)There are no changes to revenues or transfers;and 2)Expenses are increased by$1,400. <br />