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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />Introduced by: Borough Manager <br />Requested by: <br />Finance Director <br />Drafted by: <br />Finance Director <br />Introduced: <br />06/02/2016 <br />Public Hearing: <br />06/16/2016 <br />Adopted: <br />06/16/2016 <br />KODIAK ISLAND BOROUGH <br />ORDINANCE NO. FY2016-01A <br />AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK ISLAND <br />BOROUGH AMENDING ORDINANCE NO. FY2016-01, FISCAL YEAR <br />2016 BUDGET, BY AMENDING BUDGETS TO ACCOUNT FOR <br />VARIOUS REVENUES THAT ARE OVER BUDGET, PROVIDING FOR <br />ADDITIONAL EXPENDITURES AND MOVING FUNDS BETWEEN <br />PROJECTS. <br />WHEREAS, it was decided to move the GIS position and duties and the associated <br />expenditure budget of $93,000 from the Informational Technology Department to the <br />Community Development Department; and <br />WHEREAS, the Trinity Acres paving fund, which is complete, has a negative fund <br />balance of $4,479 due to unbudgeted contract prepayments; and <br />WHEREAS, lease income of $27,600 was recorded in Land Sale (Fund 210) and it <br />should have been recorded in Womens Bay Road Service (Fund 240); and <br />WHEREAS, due to lower than budgeted investment earnings in the Facilities Fund <br />(Fund 276) in FY2016 due to transfer of inter -fund loans to the Hospital Fund (Fund 540), <br />the transfers out in FY2016 have to be reduced by $196,546; and <br />WHEREAS, sale of the FY2015 bonds resulted in a premium of $62,818 which can be <br />deposited in the Debt Service Fund (Fund 300); and <br />WHEREAS, the Womens Bay Fire Department (Fund 252) has agreed to pay the sum of <br />$100,000 for the construction of the Womens Bay Emergency Center; and <br />WHEREAS, the Oil Spill Disaster Fund (Fund 270) was used to account for possible <br />reimbursement of $10,566 of cleanup expenditures, however since they were not <br />reimbursed, a transfer from the General Fund (Fund 100) will cover those expenditures; <br />and <br />WHEREAS, due to the delay in selling bonds in Debt Service (Fund 300-300), the <br />unused expenditure will be used to retire the $25,455 Karluk Clean Water loan in Debt <br />Service (Fund 300-307) early thereby eliminating future interest expenses on this loan; <br />and <br />Kodiak Island Borough, Alaska Ordinance No. FY2016-01A <br />Page 1 of 2 <br />