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FY2008-01B Fiscal Year 2008 BudgetKODIAK ISLAND BOROUGH ORDINANCE NO. FY2008 -01 B Introduced by: Borough Manager Requested by: Borough Manager Drafted by: Finance Officer Introduced: 12/06/2007 Public Hearing: 12/20/2007 Adopted: 12/20/2007 AN ORDINANCE OF THE KODIAK ISLAND BOROUGH ASSEMBLY AMENDING ORDINANCE NO. FY2008 -01 FISCAL YEAR 2008 BUDGET BY MOVING FUNDS BETWEEN VARIOUS GENERAL FUND DEPARTMENTS, AMENDING BUDGET TO ACTUAL EXPENDITURES AND BUDGETING FOR SEVERAL GRANTS WHEREAS, the Assessing Department maintains property records in an obsolete system and would like to move forward to a new data base system which would make assessing function done in a more efficient and fair manner , and WHEREAS, there is sufficient reserves in the General Fund Balance to pay for a new system, and WHEREAS, because of broad public interest in the Borough's Comprehensive Plan the Planning Commission requested another round of public meetings; and WHEREAS, an island wide trails plan has become critical; and WHEREAS, an equipment upgrade is needed for a GPS backpack; and WHEREAS, the Health and Sanitation Department, Fund 100 is overspent by $5,079 while the Culture and Recreation department, Fund 100 has this amount available; and WHEREAS, $12,323 in repairs had to be made to the High School kitchen floor; and WHEREAS, $27,000 needs to be added to the Kodiak Middle School Asbestos Abatement project to cover unforeseen expenses; and WHEREAS, $182,000 needs to be added to the High School Soil Remediation project for removal of contaminated soil with disposal costs to be budgeted later, and WHEREAS, the voters approved a $8,000,000 bond to construct a swimming pool; and WHEREAS, the High School and Middle School roof repair costs will be $76,496 over budget; and WHEREAS, a FEMA (Federal Emergency Management Agency) grant passed through the State of Alaska for $938,633 for Kodiak Middle School Seismic Upgrades; and WHEREAS, the HS Pool project contingency line item is $385,000 Tess than the industry standard as recommended by the architect; and WHEREAS, the State awarded the Borough $950,000 to fund property acquisition, site investigation, design and construction of a new Alaska Fish and Game Facility: and WHEREAS, the State awarded the Borough $10,000 to use for the purchase and installation of playground equipment at the Kodiak Middle School: and WHEREAS, the State awarded $130,000 to the Borough for the purchase of equipment, materials, labor costs and supplies for all Borough District Schools. Kodiak Island Borough, Alaska Ordinance No. FY2008 -01 B Page 1 of11 NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THAT: Section 1: The FY2008 budget will be amended per the attached schedule. Section 2: The Borough accepts Grant 08 -DC -409, Kodiak Near Island Research and Administrative Facility, in the amount of $950,000. Section 3: The Borough accepts grant 08 -DC -318, Kodiak Middle School Playground equipment, in the amount of $10,000.00. Section 4: The Borough accepts grant 08 -DC -317, Area Wide School Supplies and Equipment, in the amount of $130,000. ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS TWENTIETH DAY OF DECEMBER, 2007 KODIAK ISLAND BOROUGH ATTEST: 11J 111 . Nov- '. Javier, CMC, % • " Ierk Jer•T e Selby, Borough ayor Kodiak Island Borough, Alaska Ordinance No. FY2008 -01B Page 2 of11 FY2008 Ammended As of Difference Budget Revised Budget 10/30/07 % Adjustments Budget Fund 100 General Fund Revenues: Property Tax 8,773,010 8,761,551 11,459 100% 8,773,010 Boat & Motor Vehicle Tax 276,450 73,979 202,471 27% 276,450 Payment in Lieu of Taxes 814,000 12,501 801,499 2% 814,000 Severance Taxes 1,270,530 413,179 857,351 33% 1,270,530 Penalties & Int on tax 175,000 82,008 92,992 47% 175,000 Licenses and Permits 91500 32,766 58,734 36% 91,500 Federal Shared Revenue 350,075 350,075 0% 350,075 Temporary Fiscal Relief 571,286 571,286 0% 571,286 Raw Fish Tax 950,000 1,040,748 (90,748) 110% 950,000 Raw Fish Tax - Offshore 2,000 2,000 0% 2,000 Other State Revenue 26,000 26,000 0% 26,000 Fines 1,000 350 650 35% 1,000 Interest Eamings 400,000 142,574 257,426 36% 400,000 Miscellaneous 54,200 6,715 47,485 12% 54,200 Use of Fund Balance 554,975 554,975 0% 417,360 972,335 Sale of Fixed Assets - Transfer In - Total 14,310,026 10,566,371 3,743,655 74% 417,360 14,727,386 Fund 205 Child Care Assistance Program Revenue 77,000 20,717 56,283 27% Expenditures 77,000 30,488 46,512 40% Fund 210 Land Sales Revenue 96,700 13,901 82,799 14% Expenditures 96,700 11,750 84,950 12% Kodiak Island Borough, Alaska Ordinance No. FY2008-01B Page 3 of11 Expenditures: Borough Assembly 180,910 42,563 138,347 24% 180,910 Borough Manager 373,985 83,245 290,740 22% 373,985 Borough Clerk 398,510 114,299 284,211 29% 398,510 Borough Attomey 130,000 26,783 103,217 21% 130,000 Finance Department 699,788 203,299 496,489 29% 699,788 Management Information Services 531,420 133,308 398,112 25% 531,420 Assessing Department 436,364 126,974 309,390 29% 436,364 Engineering/ Facilities Dept 111,432 26,832 84,600 24% 111,432 Community Development 757,810 179,924 577,886 24% 17,360 775,170 Building Official 132,765 2,570 130,195 2% 132,765 Economic Development 75,000 21,500 53,500 29% 75,000 General Administration 324,170 74,134 250,036 23% 324,170 Emergency Preparedness 8,800 3,612 5,188 41% 8,800 School District Support 9,662,622 3,696,375 5,966,247 38% 9,662,622 Health and Sanitation 227,620 268,889 (41,269) 118% 5,100 232,720 Animal Control 72,380 72,380 0% 72,380 Culture and Recreation 87,000 61,166 25,834 70% (5,100) 81,900 Colledge and Libraries 93,000 12,000 81,000 13% 93,000 Transfers Out 6,450 6,450 - 100% 400,000 406,450 Total 14,310,026 5,083,923 9,226,103 36% 417,360 14,727,386 77,000 77,000 96,700 96,700 Fund 220 Buildings and Grounds FY2008 Ammended As of Difference Budget 10/30/07 Budget Revised Adjustments Budget Revenues Revenues 449,810 368,983 80,827 82% 449,810 Transfers in 220,000 220,000 - 100% 220,000 Use of Fund Balance 121,400 - 121,400 0% 121,400 Total Revenues 791,210 588,983 202,227 74% 791,210 Expenditures - - Borough Building 406,610 85,761 320,849 21% 406,610 MHC Apartments 11,000 3,285 7,715 30% 11,000 School Buildings 347,000 174,888 172,112 50% 347,000 Parks 26,600 4,277 22,323 16% 26,600 Total Expenditures 791,210 268,211 522,999 34% 791,210 Fund 230 Coastal Management Revenues 24,000 24,000 0% 24,000 Expenditures - CMG Regular 24,000 3,266 20,734 14% 24,000 Total Expenditures 24,000 3,266 20,734 14% 24,000 Fund 234 L.E.P.C. Revenues LEPC 17,800 17,800 0% 17,800 E.O.P. Grant - - 0% - Revenues 17,800 17,800 0% 17,800 Expenditures - Expenditures -LEPC 17,800 2,471 15,329 14% 17,800 Expenditures -FEMA grant - 111 (111) 0% - Total Expenditures 17,800 2,582 15,218 15% 17,800 Fund 240 Womens Bay Road Service Revenues 125,532 134,191 (8,659) 107% 125,532 Expenditures 125,532 243 125,289 0% 125,532 Fund 242 Service District No. 1 Revenues 220,000 233,174 (13,174) 106% 220,000 Expenditures 220,000 18,399 201,601 8% 220,000 Fund 243 Service Area No. 2 Revenues 121 (121) Expenditures Fund 244 Monaska Bay Road District Revenues 43,175 44,579 (1,404) 103% 43,175 Expenditures 43,175 129 43,046 0% 43,175 Fund 246 Bay View Road Service Area Revenues 5,700 6,666 (966) 117% 5,700 Expenditures 5,700 9 5,691 0% 5,700 Kodiak Island Borough, Alaska Ordinance No. FY2008-01B Page 4 of11 Contengencies - inflation proofing Total Expenditures Expenditures/Transfers Out: Building Insurance Debt Service Capital Projects Fund 410 FY2008 Ammended Budget As of Difference Budget Revised 10/30/07 % Adjustments Budget Fund 250 Fire Protection Area No. 1 Revenues 426,500 411,108 15,392 96% Expenditures 426,500 131,971 294,529 31% Fund 254 KIB Airport Fire District Revenues 14,230 13,710 520 96% Expenditures 14,230 12,813 1,417 90% 426,500 426,500 Fund 252 Womens Bay Fire Department Revenues 93,010 91,017 1,993 98% 93,010 Expenditures 93,010 25,632 67,378 28% 93,010 14,230 14,230 Fund 260 Woodland Acres Street Lights Revenues 6,000 242 5,758 4% 6,000 Expenditures 6,000 1,364 4,636 23% 6,000 Fund 261 Trinity Islands Lighting Dist. Revenues 3,800 3,894 (94) 102% 3,800 Expenditures 3,800 481 3,319 13% 3,800 Fund 262 Mission Lake Tide Gate Revenues 3,050 3,612 (562) 118% 3,050 Expenditures 3,050 174 2,876 6% 3,050 Fund 263 Trinity Islands Paving Dist. Revenues 39,880 32,646 7,234 82% 39,880 Expenditures 39,880 65 39,815 0% 39,880 Fund 275 Kodiak Arts Council Revenues 69,460 14,770 54,690 21% 69,460 Expenditures 69,460 20,347 49,113 29% 69,460 Fund 276 Facilities Fund Revenues 2,000,000 506,578 1,493,422 25% 2,000,000 220,000 220,000 - 100% 220,000 922,250 922,250 - 100% 922,250 700,000 700,000 - 100% 700,000 157,750 157,750 0% 157,750 2,000,000 1,842,250 157,750 92% 2,000,000 Fund 277 Tourism Development Revenues 50,000 18,054 31,946 36% 50,000 Expenditures 50,000 25,008 24,992 50% 50,000 Fund 290 Fern Fuller Trust Revenues 437,000 14,033 422,967 3% 437,000 Expenditures 437,000 3,209 433,791 1% 437,000 Kodiak Island Borough, Alaska Ordinance No. FY2008-01B Page 5 of11 FY2008 Ammended As of Difference Budget Revised Budget 10/30/07 % Adjustments Budget Fund 300 Debt Service Revenues State Debt Reimbursement 1,789,310 94,329 1,694,981 5% 1,789,310 Interest Earnings 20,000 4,951 15,049 25% 20,000 Transfers in General Fund - Education 539,210 539,210 - 100% 539,210 General Fund - Health - Facilities Fund 922,250 922,250 100% 922,250 Hospital Fund 200,000 200,000 0% 200,000 Use of fund balance - - 0% - Total Revenues 3,470,770 1,560,740 1,910,030 3,470,770 Expenditures Expenditures - School Debt 2,699,150 774,488 1,924,662 29% 2,699,150 Expenditures - Hospital Debt 765,000 97,503 667,497 13% 765,000 Expenditures- Karluk Loans 6,620 6,620 0% 6,620 Expenditures -Other Debt - - 0% - Total Expenditures 3,470,770 871,991 2,598,779 25% 3,470,770 Kodiak Island Borough, Alaska Ordinance No. FY2008 -01B Page 6 of11 Interest Earnings Contributions for BMX track Operating Transfers In: General Fund Bayside Fire Department Facilities Fund Total Operating Transfers In Total Revenues Capital Projects Fund 410 - Borough Capital Projects: Projects: 146 BMX Bike Trail 174 Bayside Storage Addition & Engine Bay 00102 Bayside Underground Electrical 03105 Northstar School road /parking lot design 03108 Borough Building Parking Lot 03106 KHS emergency generator 03109 Borough Building air handling penthouse 03110 Borough Building emergency generator 03120 WB Comm Plan Revision 05023 Peterson School Upgrade 05025 High School Gym Seismic 06001 Computer Upgrade 07008 Seismic Repair 07015 High School kitchen fib 07016 R and replacement of culverts at Panamaroff Creek 07017 Hospital Solarium 07018 HS Pool Repairs 08001 Kodiak Middle School Asbestos Abatement 08002 Main elementary Asbestous abatment 08003 HS Soil Remediation 08004 Computer Assisted M Tranfer to Fund 430 Other Projects Total Borough Projects FY2008 Ammended As of Difference Budget 10/30107 12„ 54,898 151,531 (96,633) 276% 54,898 39,670 39,667 3 100% 39,670 - 0 % - 94,568 191,198 (96,630) 202% 94,568 117,352 05,000 ' _. 62,382 ' 47% 400,000 517,352 448,800 426,800 22,000 95% 448,800 1,434,384 642,384 792,000 45% 1,434,384 2,000,536 1,124,184 876,352 56% 400,000 2,400,536 2,095,104 1,315,382 779,722 63% 400,000 2,495,104 94,670 49,278 45,392 52% 426,800 4,634 422,166 1% 22,000 - 22,000 0% 50,000 29,189 20,811 58% 50,000 50,000 0% 50,000 50,000 0% 10,000 10,000 0% 20,000 2,353 17,647 12% 33,380 22,392 10,988 67% - 14,230 (14,230) 0% - 4,656 (4,656) 0% 114,000 123,744 (9,744) 109% 390,000 - 390,000 0% (12,323);. 0% 30,000 - 30,000 0% 25,000 - 25,000 0% 40,000 - 40 0% 155,000 69,657 85,343 45% 43,000 94,341 (51,341) 219% 215,000 155,1 59,806 72% 0 %' r pra 26,254 326,254 0 2,095,104 581,991 1,513,113 28% Budget Revised Adjustments Budget 94,670 426,800 22,000 50,000 50,000 50,000 10,000 20,000 33,380 114,000 (390,000) 12,323 12,323 30,000 25,000 40,000 27,000 182,000 43,000 182,000 3 97 ,0001 400,000 400,000 390,000 390,000 221,323) 104,931 400,000 2,495,104 Kodiak Island Borough, Alaska Ordinance No. FY2008-01B Page 7 of11 Fund 420-GO Bond Projects: Revenues: Interest Earnings Proceeds from bond 2004A Bond Issue Proceeds from bond 2004B Bond Issue Proceeds from bond 200 XX Bond lute Projects: 03119 New Swimming Pool 04101 Old Harbor GymNoc Ed renovation 04102 Larsen Bay School floor repair 04103 Ouzinkie Gym renovation 05002 Evacuation Center earthquake evaluation 05009 Kodiak Middle School concrete repair 05010 Kodiak High School asbestos & floor covering 05011 District-wide floor covering replacement 05012 Kodiak High School heating and ventilation 05013 Kodiak High School insulastion and windows 05014 Kodiak High School and Middle School roof repair 05015 High School Voc ed/classroom reclaimation 05016 East School heating and ventilation 05017 Learning Center renovation Contingendes '‘ FY2008 Ammended As of Difference Budget 10/30/07 Budget Revised Adjustments Budget 2,000,000 1,528,890 471,110 76% 2,000,000 9,302,760 9,302,760 (0) 100% 9,302,760 11,050,000 11,052,760 (2,760) 100% 11,050,000 8,000,000 8,000000 22,352,760 21,884,411 468,349 98% 8,000,000 30,352,760 6,210,000 1,019056 5,190,944 16% 8,385,000 14,595,000 2,251,134 2,808 2,248,326 0% 2,251,134 339,883 1,526 338,357 0% 339,883 1,858,255 21,710 1,836,545 1% 1,858,255 500,000 323,152 176,848 65% 500,000 237,918 9,350 228,568 4% 237,918 304,704 212,517 92,187 70% 304,704 728,708 378,572 350,136 52% 728,708 250,000 174 249,826 0% 250,000 596,020 4,117 591,903 1% 596,020 523,504 591,111 (61,607) 113% 76,496 600,000 4,840,788 64,852 4,775,936 1% 4,840,788 520,000 109,425 410,575 21% 520,000 1,181,336 25,677 1,155,659 2% 1,181,336 2,010,510 =, 2,010,510 0% (461,496) 1,549,014 22,352,760 2,764,047 19,588,713 12% 8,000,000 30,352,760 Kodiak Island Borough, Alaska Ordinance No. FY2008-01B Page 8 of11 FY2008 Ammended As of Difference Budget Revised Budget 10/30/07 % Adjustments Budget Fund 430 -State Capital Grant Projects: Revenues: KIB Waste Management Implementation 1,741,400 976,048 765,352 56% 1,741,400 Anton Larsen Bay Boat Ramp 560,000 560,000 - 100% 560,000 School Repair 252,574 252,574 0% 252,574 Tide Gate 20,000 20,000 0% 20,000 Chiniak Grant 20,000 20,000 0% 20,000 SHSGP Grant 138,151 138,151 0% 138,151 ADF &G, fish research 200,000 200,000 0% 200,000 Coastal Impact Program CIAP Grant 189,985 189,985 0% 189,985 Kodiak Cadastral Grant 40,000 40,000 0% 40,000 AK Coastal Management 46,000 46,000 0% 46,000 Homeland Security 17,733 17,733 0% 17,733 06008 Summit Lake Trail 23,500 23,500 0% 23,500 06007 ADF & G Building Design 1,500,000 1,500,000 0% 1,500,000 2005 Pre Disaster Mitigation Grant 41,724 41,724 0% 41,724 05022 KMS Seismic', Upgrade 410)523 = 0% 938,633 938;633 05026 HS Library Wing Seismic Retrofit 465,618 465,618 0% 465,618 07001 Area Wide School Equipment and Supplies 70,000 70,000 0% 70,000 07003 Island Lake Trail 48,000 48,000 0% 48,000 07004 Larsen Bay Equipment 70,000 70,000 0% 70,000 07005 Main elementay School Playground Equipment 25,000 25,000 0% 25,000 07006 Port Lions Community Workshop 10,000 10,000 0% 10,000 07008 School Facilities Seismic Repairs 910,000 910,000 0% 910,000 07009 Tsunami Siren, Upgrades & Additions 100,000 100,000 0% 100,000 07010 ADF & G Near Island Facility 500,000 500,000 0% 500,000 07011 Ouzinkie Dock Replacement 570,000 570,000 0% 570,000 07012 Ouzinkie School Seismic Upgrade 308,344 308,344 0% 308,344 East Elementary School Siesmic Upgrade 138,606 138,606 0% 138,606 School District Computer Grant 70,000 70,000 0% 70,000 Emergency Communications and Planing _ 30,000 30,000 0% 30,000 Kodiak Middle School Playground Equipment - - 0% 10,000 10 Area Wide School Supplies and Equipment 0% _ 130,000 130,000 Near Island Fish and Game Building - 0% 950,000 ' 950,000 Transfers in from fund 410 0% 390,000 390,000 Transfers in from fund 276 - 0% - Anton Larson Boat Ramp 60,000 60,000 0% 60,000 Coastal Impact Program 130,000 130,000 0% 130,000 Dingell- Johnson Contribution 140,000 140,000 0% 140,000 - 0% - Transfer from fund 410 136,350 136,350 0% 136,350 Total Revenues 8,572,985 1,536,048 7,036,937 18% 2,418,633 10,991,618 Projects: - 164 KIB Waste Management Implementation 1,741,400 936,714 804,686 54% 1,741,400 177 Anton Larsen Bay Boat Ramp 896,350 625,870 270,480 70% 896,350 00100 High School Repair FY00 126,770 125,398 1,372 99% 126,770 00104 Tide Gate 20,000 21,074 (1,074) 105% 20,000 02107 ADF &G Research Study 200,000 139,518 60,482 70% 200,000 03114 Coastal Impact Program 319,985 297,150 22,835 93% 319,985 03116 School Repair 125,804 140,222 (14,418) 111% 125,804 03118 Chiniak Multi -use Grant 20,000 11,498 8,502 57% 20,000 04106 SHSGP Grant 138,151 122,784 15,367 89% 138,151 05003 Kodiak Cadastral Grant 40,000 74,087 (34,087) 185% 40,000 05005 AK Coastal Management 46,000 53,733 (7,733) 117% 46,000 05019 Homeland Security 17,733 14,430 3,303 81% 17,733 05020 2005 PreDisaster Mitigation Grant 41,724 20,181 21,543 48% 41,724 05022 KMS Seismic Upgrade 410/523 889,100 (889,100) 0% 938,833 938,633: 05026 HS Library Wing Seismic Retrofit 465,618 5,360 460,258 1% 465,618 06008 Summit Lake Trail 23,500 17,343 6,157 74% 23,500 06007 ADF & G Building Design 1,500,000 1,500,000 0% 1,500,000 07001 Area Wide School Equipment and Supplies 70,000 51,150 18,850 73% 70,000 07003 Island Lake Trail 48,000 48,000 0% 48,000 Kodiak Island Borough, Alaska Ordinance No. FY2008 -01B Page 9 of11 07004 Larsen Bay Equipment 07005 Main elementay School Playground Equipment 07006 Port Lions Community Workshop 07008 School Facilities Sei$m1R'Repairs 07009 Tsunami Siren, Upgrades & Additions 07010 ADF & G Near Island Facility 07011 Ouzinkie Dock Replacement 07012 Ouzinkie School Seismic Upgrade 07014 East Elementary School Siesmic Upgrade School District Computer Grant Emergency Communications and Planing Kodiak Middle School Playground Equipment Area Wide School Supplies and Equipment Near 'Island Fish and Game Building Total Expenditures FY2008 Ammended Budget 70,000 25,000 10,000 19,000 100,000 500,000 570,000 308,344 138,606 70,000 30,000 As of Difference 10/30/07 70,000 25,000 3,147 6,853 910,000 1,000 99,000 500,000 570,000 9,741 298,603 5,383 133,223 70,000 30,000 8,572,985 3,589,883 4,983,102 42% Budget % Adjustments 0% 100% 31% 0% 1% 0% 0% 3% 4% 0% 0% fl% 0% Revised Budget 70,000 25,000 10,000 390,000 1,300 100,000 500,000 570,000 308,344 138,606 70,000 30,000 10,000 10,000 130,000 130,000 950,000 950,000 2,418,633 10,991,618 Kodiak Island Borough, Alaska Ordinance No. FY2008 -01B Page 10 of11 FY2008 Ammended As of Difference Budget Revised Budget 10/30/07 % Adjustments Budget Fund 490 Landfill Capital Projects Landfill Closeout/Leachate Treatment 3,000,000 3,000,000 0% 3,000,000 07013 Landfill Lateral Expansion - - 0% - Total Revenues 3,000,000 3,000,000 0% 3,000,000 165 Landfill Closeout/Leachate Treatment 3,000,000 3,000,000 0% 3,000,000 07013 Landfill Lateral Expansion - - 0% - Total Expenditures 3,000,000 3,000,000 0% 3,000,000 Fund 495 Hospital Capital Projects Hospital 700,000 700,000 0% 700,000 Providence 125,000 125,000 0% 125,000 From Facilities Fund 125,000 125,000 0% 125,000 Total Revenues 825,000 - 825,000 0% 825,000 03112 Hospital access and parking, Phase I & II 660,288 189,469 470,819 29% 660,288 03113 Specialty Clinic roof repair /replacement 79,712 79,712 - 100% 79,712 05021 CHC architural Engineering 250,000 4,381 245,619 2% 250,000 Total Expenditures 865,000 273,562 591,438 32% 865,000 Fund 530 Solid Waste Collection /Disposal Revenues Waste Collection Waste Disposal Total Revenues 2,776,703 897,566 1,879,137 32% 1,149,968 457,102 692,866 40% 3,926,671 1,354,668 2,572,003 34% Fund 560 - Telephone 911 Service Revenues 69,000 5,224 63,776 8% Expenditures 69,000 941 68,059 1% 2,776,703 1,149, 968 3,926,671 Expenditures Waste Collection 1,294,662 312,861 981,801 24% 1,294,662 Waste Disposal 2,632,019 593,366 2,038,653 23% 2,632,019 Total Expenditures 3,926,681 906,227 3,020,454 23% 3,926,681 Fund 540 Hospital Enterprise Fund Revenues: Interest Earnings 3,145 (3,145) Providence Hospital Lease 720,000 240,000 480,000 33% 720,000 Transfer in from Fern Fuller 66,500 66,500 0% 66,500 Use of Retained Earnings 874,350 874,350 0% 874,350 Total Revenues 1,660,850 243,145 1,417,705 15% 1,660,850 Expenditures and Transfers: Expenditures 1,660,850 19,291 1,641,559 1% 1,660, 850 Total Expenditures 1,660,850 19,291 1,641,559 1% 1,660,850 Fund 555 - Kodiak Fisheries Research Center Revenues 2,105,019 605,409 1,499,610 29% 2,105,019 Expenditures Research Facility 2,070,519 201,351 1,869,168 10% 2,070,519 Dorm Facility 34,500 6,609 27,891 19% 34,500 2,105,019 207,960 1,897,059 10% 2,105,019 69,000 69,000 Kodiak Island Borough, Alaska Ordinance No. FY2008-01B Page 11 of11