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Sponsored by: Hunt <br /> CITY OF SEWARD,ALASKA <br /> RESOLUTION 2016-008 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br /> ALASKA, RETROACTIVELY AMENDING THE 2015 BUDGET AND <br /> APPROPRIATING AN ADDITIONAL $134,787.84 IN SALES TAX <br /> REVENUE TO THE HOSPITAL ENTERPRISE FUND <br /> WHEREAS, the 2015 Operating Budget anticipated that one cent of every four cents in <br /> sales tax collected by the City of Seward would be transferred to the Hospital Enterprise Fund to <br /> pay healthcare related costs including debt service costs for the long-term care facility; the <br /> hospital Public Employees Retirement System (PERS) liability; major repair and replacement <br /> costs, capital costs and operating costs associated with healthcare; and <br /> WHEREAS, actual sales tax receipts from the Kenai Peninsula Borough during 2015 <br /> totaled $4,909,151.36, requiring an additional transfer over budget, of $134,787.84 to the <br /> Hospital Enterprise Fund, for a total annual transfer from the General Fund to the Hospital <br /> Enterprise Fund of$1,227,287.84. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF SEWARD, ALASKA, that: <br /> Section 1. The 2015 Operating Budget shall be amended as follows: 1) increase sales <br /> tax revenue account 01000-0000-4000 by $527,644 to a total of$4,909,151; and 2) appropriate <br /> an additional $134,787.84 from the General Fund Transfers-Out account no. 01000-0000-3710- <br /> 0000-19100 to the Hospital Enterprise Fund Transfers-In account no. 19100-0000-3700-0000- <br /> 01000. <br /> Section 2. This resolution shall be retroactive to December 31, 2015. <br /> PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 8th <br /> day of February, 2016. <br /> THE CITY OF SEWARD, ALASKA <br /> can Bardarson,Mayor <br />