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FY2017-01A Amending Ordinance No. FY2017-01, FY2017 Budget, By Amending Budgets To Account For Various Revenues That Are Over Budget, Providing For Additional Expenditures And Moving Funds Between Projects1 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 Introduced by: Borough Manager Drafted by: Finance Director Introduced on: 04/20/2017 Public Hearing Date: 05/04/2017 Amended: 05/04/2017 Public Hearing: 05/04/2017 Adopted on: 05/04/2017 KODIAK ISLAND BOROUGH ORDINANCE NO. FY2017-01A AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH AMENDING ORDINANCE NO. FY2017-01, FISCAL YEAR 2017 BUDGET, BY AMENDING BUDGETS TO ACCOUNT FOR VARIOUS REVENUES THAT ARE OVER BUDGET, PROVIDING FOR ADDITIONAL EXPENDITURES AND MOVING FUNDS BETWEEN PROJECTS. WHEREAS, increase Fund 100 — General Fund use of fund balance by $985,872 to pay for expenditures in Fund 300 — Debt Service related to the Governor's Veto which reduced State reimbursements by 25%; and WHEREAS, increase Fund 100 — General Fund use of fund balance by $305,000 to repay Fund 540 — Hospital Facilities for net fund transfers that occurred in 2004 & 2009; and WHEREAS, increase Fund 210— Land Sales use of fund balance by $650,000 to repay Fund 540 — Hospital Facilities for net fund transfers that occurred in 2004; and WHEREAS, increase Fund 100 — Legislative expenditures by $5,425 due to failure to pass an ordinance reducing assembly stipends; and WHEREAS, increase Fund 160 — Economic Development expenditures by $7,500 to provide funding to the salmon working group; and WHEREAS, decrease Fund 220 — Building and Grounds revenues, by $16,470 due to waiving rent payment requirement for non -profits occupying the Borough's Annex building; and WHEREAS, increase Fund 240 — Womens Bay Road Service expenditures by $50,000 to be used to complete unanticipated repairs; and WHEREAS, increase Fund 277 — Tourism Development use of fund balance by $15,000 for additional expenditures related to a contract with Discover Kodiak; and WHEREAS, increase Fund 290 — Fern Fuller Trust use of fund balance by $67,872 to pay Fund 540 — Hospital Facilities for equipment payments; and Kodiak Island Borough, Alaska Deletion — Red, Strikeout Insertion — Bold, Blue, Underlined Ordinance No. FY2017-01A Page 1 of 2 Version 2 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 WHEREAS, decease Fund 300 — State Debt Reimbursement revenues by $1,686,147 for the Governor's Veto which reduced State reimbursements by 25% and for anticipated bond sales that did not occur; and WHEREAS, increase Fund 530 — Municipal Solid Waste 'Collection and Disposal use of fund balance by $600,000 for planned R&R projects to replace roofing and siding of the Baler building; and WHEREAS, Capital Project Fund 470, reallocate $101,341 of excess funds from the Roofing Replacement project to the Playground Replacement project. NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THAT: Section 1: This ordinance is NOT of permanent nature and shall NOT become a part of the Kodiak Island Borough Code of Ordinances. Section 2: The FY2017 budget will be amended per the attached schedule. Effective Date: This ordinance takes effect upon adoption. ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS FOURTH DAY OF MAY, 2017. KODIAK LAND TORO H r� Daniel A. Rohrer, Mayor VOTES: Ayes: Crow, Smiley, Symmons, Townsend, Van Daele Noes: Skinner Absent: LeDoux Kodiak Island Borough, Alaska Deletion — Red, Strikeout Insertion — Bold, Blue, Underlined ATTEST: P, -(I, Nova M. Javier, MMC, Jerk Ordinance No. FY2017-01A Page 2 of 2 Version 2