11/2/2018 11:18:08 AM
1/25/2018 9:49:13 AM
City of Seward Legislative Hist
Doc Type - Legislative History
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Sponsored by: Hunt <br /> CITY OF SEWARD,ALASKA <br /> RESOLUTION 2018-007 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br /> ALASKA, RETROACTIVELY AMENDING THE 2017 BUDGET TO <br /> ACCOUNT FOR ADDITIONAL SALES TAX TO THE HOSPITAL FUND <br /> BASED ON ADDITIONAL COLLECTIONS AND CLOSING OUT <br /> COMPLETED PROJECTS AT YEAR-END, AND APPROPRIATING <br /> FUNDS <br /> WHEREAS, the 2017 Operating Budget accounted for one-quarter of all sales tax <br /> collections by the City of Seward to be transferred to the Hospital Enterprise Fund to pay <br /> healthcare related costs, including debt service costs for the long-term care facility, the hospital <br /> Public Employees Retirement System (PERS) liability, major repair and replacement costs, <br /> capital costs, and operating costs associated with healthcare; and <br /> WHEREAS, the actual sales tax receipts from the Kenai Peninsula Borough during 2017 <br /> totaled $5,099,213, requiring an additional transfer in excess of the budget, of$124,803.31 to the <br /> Hospital Enterprise Fund, for a total annual transfer from the General Fund to the Hospital <br /> Enterprise Fund of$1,274,803.31; and <br /> WHEREAS, a number of grant projects have been completed at the end of 2017, <br /> including: 1) close-out of the 2012 storm event which caused widespread electrical outages and <br /> damages to water and sewer lines, 2) the 2013 storm event which caused wind-related damage, <br /> flooding and landslides, and 3) the summer ALPAR litter patrol project, requiring the residual <br /> transfer of cash between Funds to close out those grants and projects. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF SEWARD,ALASKA,that: <br /> Section 1. The 2017 Operating Budget shall be retroactively amended to close out grants <br /> and projects, as follows: <br /> A. Funding in the amount of$124,803.31 is hereby appropriated from the General Fund <br /> Transfers-Out account no. 01000-0-3710-0-19100 to the Hospital Enterprise Fund <br /> Transfers-In account no. 19100-0-3700-0-01000. <br /> B. Funding in the amount of$8,732.66 is hereby appropriated from the General Fund to <br /> close out the 2012 FEMA Disaster Fund account related to a storm event causing <br /> electrical outages and water and sewer line damages, from account 01000-0-3710-0- <br /> 70024 to account 70024-0-3700-0-01000; and <br />
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