1989-06 Effecting Certain Budget Changes in Capital Projects.By. Ma or
Recommended b y Selby
Introduced: y' Finance Officer
Amended: 2/16/89
Adopted: 2/16;89
2/16i89
KODIAK ISLAND BOROUGH
RESOLUTION NO. 89-06-R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH EFFECTIN
CERTAIN BUDGET CHANGES IN CAPITAL PROJECTS. G
WHEREAS, the Assembly of the Kodiak Island
appropriated certain fixed Borough has
sums of money and budgeted those
complete specific capital projects, and
monies to
WHEREAS, the amounts of monies budgeted are proper but need to
be reclassified between funds, and
Ordinance
WHEREAS, the reason given by the auditors to reverse part of
85-33-0 0 on audit adjustment 15 dated 6/30/86 was that funds were
not available and where funds are now available, and
to say WHEREAS, the backup to audit adjustment 15 dated 6/30/86
goes on
is made that
therevenue
venueState should be recorded to Fund 045 when reimbursement
received, and Alaska, and where this reimbursement has been
WHEREAS, the original transfer was for $695,600 but the auditors
on audit adjustment 15 dated 6/30/86 rev
ersed
earned on the $695,000 while it resided in Fund 45f7and 00 because of
$4,400
WHEREAS, the Borough had a grant for $2,000,000 from the State
Of Alaska, Department of Administration, (DOA Grant M 1/86 32-3
for
asbestos removal (dept 255 in fund 47), and this
and project had funds left
over,
WHEREAS, the Borough intended to move part of this surplus and
interest earnings in Fund 47 to Fund 45 to cover part of the cost of the
/School Maintenance Shop, and
WHEREAS, the intent of this particular change was never clear to
and
our external auditors although part of Ordinance 85-33-0, it
has
continued to be adjusted annually;
i NOW, THEREFORE, BE IT RESOLVED that staff is hereby
.authorized and directed to effect the following project level changes:
l
Current
Bud et Revised
FUND (045) �Amendment Buffet
I
I 209 Undesignated
I' Projects
I. $ 26,750 $700,000
392 Other Capital Pro' $726,750
Projects
0 700,000 700,000
I
,Resolution No. 89-06-R
Page 1 of 2
FUND (047)
Revenue
Kodiak Island Housing Auth. 0 700,000 700.000
Expenditure
Transfer to Others 0 700,000 700,000
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.
PASSED AND APPROVED THIS 16th DAY OF FEBRUARY, 1989.
KODIAK ISLAND BOROUGH
wrougm mayor
Presiding �r
ATTEST:
IL L
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Rye nli ,f inn Nn AO -06-R