1988-16 Effecting Certain Budget Changes in the Capital Improvement Projects Funds.i
KODIAK ISLAND BOROUGH
RESOLUTION NO. 88-16-R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY TO EFFECT CERTAIN
BUDGET CHANGES IN THE CAPITAL IMPROVEMENT PROJECTS FUNDS.
WHEREAS, the Assembly of the Kodiak Island Borough has appropriated
certain fixed sums of money from the sale of bonds and interest earning; and
WHEREAS, the Kodiak Island Borough has accepted grants from various State
agencies and has funded certain projects partially or in whole from investment
earnings; and
1 WHEREAS, certain projects are now nearing completion with some amounts of
unexpended funds and certain other projects are
in various stages of
completion with insufficient funding; and
WHEREAS, certain audit reclassifications of
prior years
and investment
earnings of a greater or lessor amount than was
budgeted has
created some
distortion of funding.
NOW, THEREFORE, BE IT RESOLVED that staff
is hereby authorized and
directed to effect the following fund level changes:
Current
Revised
Budget
Amendment
Budget
TRANSFERS
(044) Borough Projects 1,922,890
(60,000)
1,862,890
(045) School Bonded Projects 12,822,840
(255,000)
12,567,840
(047) State Grant Projects 6,763,816
420,000
7,183,816
(055) Utility Improvements 4,623,241
(105,000)
4,518,241
26,132,787
-0-
26,132,787
BE IT FURTHER RESOLVED, that staff is authorized and directed to effect
the necessary 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 parts of resolutions found to be in conflict with this
resolution are hereby explicitly rescinded.
PASSED AND APPROVED this 7 day of April , 1988 by the Kodiak
Island Borough Assembly.
KODIAK ISLAND BOROUGH
By
B4o&uqh Ma or�
By
Sding Officer
ATTE
By
Eor Clerk