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FY2017-15 Kodiak Island Borough Establishing A Long-Term Care Center Enterprise Fund1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 Introduced by: Borough Manager Drafted by: Finance Director Introduced on: 05/04/2017 Public Hearing Date: 05/18/2017 Adopted on: 05/18/2017 KODIAK ISLAND BOROUGH ORDINANCE NO. FY2017-15 AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH ESTABLISHING A LONG-TERM CARE CENTER ENTERPRISE FUND WHEREAS, the Kodiak Island Borough desires to ensure the availability of services to elderly and impaired adult patients within the Kodiak Island Borough; and WHEREAS, the Kodiak Island Borough has constructed and maintains Providence Chiniak Bay Elder House, a long-term care facility for this purpose; and WHEREAS, leasing income pays for maintenance, debt service and operations of the care center; and WHEREAS, these funding sources ensure that the care center does not present a monetary burden on the Kodiak Island Borough; and WHEREAS, the Kodiak Island Borough Code Section 3.10.110(H) authorizes the Borough to establish enterprise funds as needed. NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THAT: Section 1: This ordinance is NOT of a permanent nature and shall NOT become a part of the Kodiak Island Borough Code of Ordinances. Section 2: An enterprise fund entitled "Long -Term Care Center' will be established by the Kodiak Island Borough and will become a part of the Borough budget and general ledger. Section 3: It is understood that the lease income from Providence Chiniak Bay Elder House will pay for the expenses of this facility, including all operations and maintenance costs and debt service. Effective Date: This ordinance takes effect upon adoption ADOPTED BY THE A�,, ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS �� DAY OF , 2017. KODI K- S�� BOR9 H Daniel A. Rohrer, Mayor ATT ST: N va M. Javier, MMC Clerk VOTES: Ayes: Crow, LeDoux, Skinner, Smiley, Symmons, Townsend, Van Daele Kodiak Island Borough, Alaska Ordinance No. FY2017-15 Deletion — Red, Strikeout Page 1 of 1 Insertion — Bold, Blue, Underlined Version 1