1987-33 Effect Certain Budget Changes for FY87.KOOIAK ISLAND BOROUGH
RESOLUTION NO. 67 -33 -R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY TO EFFECT CERTAIN
BUDGET CHANGES FOR FISCAL YEAR 1967.
WHEREAS, the Assembly of the Kodiak Island Borough has appropriated
certain fixed sums of money by Ordinance 86 -21 -0 for fiscal year 1987, and
WHEREAS, school building insurance costs have far exceeded the
budgeted amount by $105,000, and
WHEREAS, the High School Asbestos Abatement Project exceeded the
original budget by $65,000.
NOW. THEREFORE, SE IT RESOLVED that staff is hereby authorized and
directed to effect the following project level changes:
TRANSFER (010)
Use of Fund Balance
TRANSFER (047)
Asbestos Abatement
Undesi gnated
TRANSFER (057)
School Insurance
Revised
Amendment $,glasi-
6 436.530 $(105.000)
Current
Budat_
$ 270,000 $105.000
t 0
$ 541,530
$2,750,000 $ 65,000 62,615,000
65,000 (65.000) 0
$ 315,000
BE IT FURTHER RESOLVED that when the $300,000 term bond for the
Hospital 1967 and related interest is paid on May 1. 1987 that any residual
dol lars in such fund (projected to be $2,500) will be contributed to the Debt
Service School Bond Fund. At that time the Hospital Bond Fund will be closed
out.
AND BE IT FURTHER RESOLVED. that staff is authorized and directed to
effect the nee essar line item changes within the limits established above by
project to properly monitor, account and report for the expenditures of these
funds.
All resolutions or ports Of resolutions lound to be in conflict with
this resolution are hereby explicitly rescinded.
PASSED AND APPROVED this 4 day of J 1987.
ATT ST:
B
KODI 18 IAMO SOMAT
� I y p j e ..
By orC(i gW Mayo
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