Laserfiche WebLink
Sponsored by: Hunt <br /> CITY OF SEWARD,ALASKA <br /> RESOLUTION 2017-019 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br /> ALASKA, AMENDING THE 2017 BUDGET TO REFLECT MID-CYCLE <br /> BUDGET ADJUSTMENTS,AND APPROPRIATING FUNDS <br /> WHEREAS,the 2016/2017 Biennial Budget was passed in November 2015,reflecting the <br /> budget period from January 1, 2016 through December 31, 2017; and <br /> WHEREAS, budget adjustments are made at various points during the year and this <br /> additional amendment reflects a mid-cycle budget adjustment to reflect budget amendments based on <br /> updated information since the passage of the 2017 Budget in 2015, as well as new projects and <br /> priorities impacting the City in 2017; and <br /> WHEREAS, this resolution adopts specific changes to the General Fund and enterprise <br /> funds,with specific changes reflected on the schedule and narrative 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 2017 Budget is hereby amended and funds are hereby <br /> appropriated,according to the specific modifications included on the attached schedule,as follows: <br /> 1) Revenues are increased by $605,000; 2) Expenditures are increased by $555,967 with$33,500 <br /> being one-time expenditures; and 3)Transfers-out increase by$15,000. <br /> Section 2. The Harbor Enterprise Fund 2017 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 decreased by$67,074. <br /> Section 3. The Electric Enterprise Fund 2017 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 <br /> $163,599, with$207,000 being one-time costs. <br /> Section 4. The Water Enterprise Fund 2017 Budget is hereby amended and funds are hereby <br /> 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$4,400. <br /> Section 5. The Wastewater Enterprise Fund 2017 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 decreased by$1,596. <br />