MEMORANDUM

To: Ronald Wm. Drathman, Assembly President

Members, Kenai Borough Assembly

Thru: Mike Navarre, Mayor

From: Jeffrey Sinz, Finance Director

Date: February 16, 1999

Subject: Supplemental Appropriation and Redirection­ School Capital Maintenance Projects

The attached Ordinance 99-09 appropriates $1,961,406 from the fund balance of the borough General Fund to the School Capital Projects Fund. Of the total proposed, $23,562 represents the reappropriation of lapsed funds from previously approved projects completed under budget. The remaining $1,937,844 comes from the borough's undesignated General Fund balance. In addition, Ordinance 99-09 redirects unexpended funds from several completed bond funded projects at Ninilchik School to a new HVAC project at the same location.

If approved, the ordinance will provide current year funding for some of the borough's highest priority school capital maintenance projects. It is anticipated that the projects can all be completed during the 1999 construction season. The projects were listed in an attachment to an earlier memorandum from the administration dated January 5, 1999. The projects and their relative priority were discussed in detail during an assembly work session on January 19, 1999.