APPROPRIATION FOR SCHOOL PURPOSES FOR FISCAL YEAR 1989-1990.

WHEREAS, the Assembly is required by Alaska Statute 14.14.060(c) to make an appropriation for the local share of funding for the school budget by May 31: and

WHEREAS, Resolution 89-44 (Substitute) approved a total school budget of $62,409,658 and established that up to $23,412,146 be provided from local sources ($17,576,869 local effort, and $5,835,277 in-kind services) for school purposes;

NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KENAI PENINSULA BOROUGH:

Section 1. That subject to the provisions of this ordinance, the following is appropriated to the school fund from local sources for school operations purposes for the fiscal year July 1, 1989 through June 30, 1990:

Section 2. That disbursements from the direct appropriation in Section 1 item (A) shall be made only as needed to supplement other revenues available and received by the school district to fund the school district operations portion of the budget of $56,574,381. Regardless of the amount of appropriated funds, no disbursement may be made that would cause the school district to have an excess of available fund balance. All undistributed or unencumbered balances in this appropriation as of June 30, 1990 shall lapse and revert to the Borough General Fund.

Section 3. That this ordinance takes effect at 12:01 a.m., on July 1, 1989.

ENACTED BY THE ASSEMBLY OF THE KENAI PENINSULA BOROUGH ON THIS 16th DAY OF May, 1989.

Jonathan W. Sewall, President

ATTEST:


Joanne Brindley, Borough Clerk