MEMORANDUM

TO: Timothy Navarre, Assembly President

Members of the Kenai Peninsula Borough Assembly

THRU: Dale Bagley, Mayor

FROM: Jeffrey Sinz, Finance Director

DATE: May 7, 2002

SUBJECT: Ordinance 2002-19, Appropriating Funds for Fiscal Year 2002-2003

Ordinance 2002-19-01 appropriates the money necessary to fund the borough's annual budget for fiscal year 2002-2003 (FY03). The amounts included in the ordinance correspond with those appearing in the FY03 Kenai Peninsula Borough budget as presented to the assembly on May 7, 2002.

The ordinance includes the local funding and in-kind services necessary to support the FY03 school district budget. That amount of the appropriation corresponds with the school district proposed budget presented to the assembly on April 16, 2003 and approved by the assembly through the adoption of Resolution 2002-047 on April 16, 2002.

Public hearing on May 21, 2002 and on June 4, 2002 are requested.