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<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored by: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2001-023 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, AMENDING THE FY2000 BUDGET BY APPROPRIATING <br />$32,945.44 FROM SALES TAX REVENUES TO THE HOSPITAL DEBT <br />SERVICE FUND <br /> <br />WHEREAS, the Fiscal Year 2000 Budget anticipated that one cent of every three cents <br />in sales tax collected by the City of Seward would be transferred to the Hospital Debt Service <br />Fund to be used to pay: the debt service costs related to construction of the hospital facility; the <br />hospital Public Employees Retirement System (PERS) liability; and to finance major repair and <br />replacement costs associated with the new hospital facility; and <br /> <br />WHEREAS, the Fiscal Year 2000 Budget included an estimated amount of $700,000 in <br />sales tax revenues be transferred from the General Fund to the Hospital Debt Service Fund, based <br />on estimated total sales tax cash receipts of $2, 1 00,000; and <br /> <br />WHEREAS, the actual sales tax receipts from the Kenai Peninsufa Borough during <br />Fiscal Year 2000 exceeded the budget estimates, resulting in the need to amend the budget and <br />increase the General Fund's operating transfer to the Hospital Debt Service Fund; and <br /> <br />WHEREAS, based on the additional sales tax collected, it is necessary to transfer an <br />additional $32,945.44 from the General Fund to the Hospital Debt Service Fund; <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF SEWARD, ALASKA, that: <br /> <br />Section 1. The Fiscal Year 2000 budget shall be amended by appropriating $32,945.44 <br />from the General Fund Operating Transfers-Out account no. 101-0000-3070-0801 to the Hospital <br />Debt Service Fund Operating Transfers-In account no. 801-0000-3070-0000 effective December <br />31,2000. <br /> <br />Section 2. This resolution shall take effect immediately upon its adoption. <br /> <br />PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 12th <br />day of February, 2001. <br /> <br />THE CITY OF SEWARD, ALASKA <br /> <br />r.... l\.---'v~ 1 <br />Edgar Blatchford, Mayor <br />