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11/30/2005 10:03:34 PM
City of Seward Legislative Hist
Doc Type - Legislative History
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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 2000-011 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, AMENDING THE FY 1999 SIX-MONTH BUDGET BY APPRO- <br />PRIATING $85,876.84 FROM SALES TAX REVENUES TO THE HOSPITAL <br />DEBT SERVICE FUND <br /> <br />WHEREAS, based upon the approved FY 1999 Six-Month Budget (and previous budgets), <br />it is the intent of Council to transfer 1 % of the 3 % sales tax to the Hospital Debt Service Fund <br />to be used to pay the debt service from the construction of the new medical facility, retire the <br />hospital Public Employees Retirement System (PERS) liability and provide monies for major <br />repair and replacement of the new medical facility; and <br /> <br />WHEREAS, the FY 99 six-month budget included an estimated amount of$401,667 to <br />be transferred from 1 % of the sales tax to the Hospital Debt Service Fund and the actual sales tax <br />collected from the Kenai Peninsula Borough for six-month period ending December 31, 1999 has <br />exceeded budget resulting in the need for a budget amendment to the General Fund operating <br />transfer to the Hospital Debt Service Fund; and <br /> <br />WHEREAS, based on the additional sales tax collected, an additional $85,876.84 needs <br />to be transferred from the General Fund to the Hospital Debt Service Fund.. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SEWARD, ALASKA, that: <br /> <br />Section 1. The FY 1999 six-month budget be amended by appropriating $85,876.84 from <br />Sales Tax Revenues, account no. 101-0000-4120-0100 to the Hospital Debt Service Fund <br />Operating Transfers In, account no. 801-0000-3070-0000 effective December 31, 1999. <br /> <br />Section 3. 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 24th <br />day of January, 2000. <br /> <br />THE CITY OF SEWARD, ALASKA <br /> <br />~ jL, (S j --TZt " <br /> <br />Edgar Blatchford, Mayor <br />
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