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    5. d.    
Assembly - Regular
Meeting Date: 05/21/2018  
Submitted By: Kacie Paxton
Department: Finance  
Approved for Submittal: Cynna Gubatayao, Finance Director
Deanna Thomas, Asst Manager
Approved as to form: Glenn Brown, Borough Attorney

Information
TITLE
Ordinance 1859-Amended Adopting the FY 2019 Borough Budget and Appropriating from all Borough Funds Except the Local Education Fund
RECOMMENDED ACTION
"I move to Adopt Ordinance 1859-Amended, adopting the FY 2019 Borough Budget and appropriating from all funds, except the Local Education Fund which will be considered separately."   
SUMMARY OF ISSUE
At the May 7, 2018 Assembly meeting, the Assembly held a work session on Ordinance 1859. Following the work session, the Assembly amended the level of appropriation for several community grants, to the amounts shown as follows:
  • First City Homeless Services - $26,000
  • Love in Action - $10,000
  • Rendezvous Senior Day Services - $30,000
  • Women in Safe Homes - $22,000
  • Ketchikan Area Arts and Humanities Council - $25,000
  • First City Players - $20,000
  • Eliminate Summer Library Program - ($3,811)
The net impact of the amendments increases the General Fund Appropriation by $40,897. Staff has applied these adjustments to Ordinance 1859-Amended.  The amended ordinance is attached to this agenda item. The public hearing will be conducted in the following format:
  • Brief Staff Presentation – A brief synopsis of the proposed issue being considered in the hearing, along with any updates of the issue, will be provided by the Finance Director.
  • Public Testimony – Citizens who signed up to speak, and additional audience members, may speak to the issue being considered.
  • Brief Staff Summary – Staff can address Assembly questions or questions which may arise during the public testimony portion of the hearing.
History of Ordinance 1859
KGBC 4.050.020(a) states “the borough manager shall prepare and submit to the assembly, no later than the first regular assembly meeting in May of each year, a proposed annual budget and capital program for the next fiscal year, which shall contain detailed estimates of anticipated revenues and proposed expenditures for the year. The total of such proposed expenditures shall not exceed the total of such anticipated revenues.” 

The FY 2019 Borough Budget, as offered by the Manager for introduction, was a balanced budget in which proposed expenditures did not exceed anticipated revenues. As amended, a General Fund deficit of $34,696 will be funded through reserves.  The anticipated Fund Balance for the General Fund at June 30, 2019, including the May 7th amendments, is $9,658,228 and is well above the minimum Fund Balance of $3,059,897 (25% of appropriations) required by Resolution 2698-A.

Implementation of the budget will require adoption of Ordinance 1859-Amended for everything except education funding, and Ordinance 1858 for the School District spending authority and Local Education Fund appropriations.  In addition, service fee adjustments will be accomplished through separate ordinances and resolutions as required.

The 173-page detailed budget book will not be revised until after the adoption of the FY 2019 Budget.  The complete book can be viewed at the following link:  May 7, 2018 Introduction of FY 2019 Borough Budget with Detail.



 

Fiscal Impact
Attachments
Ordinance 1859-Amended
Community Grants as Amended May 7
Ordinance 1859
FY 2019 Budget Message

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