MEMORANDUM

TO: Pete Spraque, Assembly President

Members of the Kenai Peninsula Borough Assembly

THRU: Dale Bagley, Mayor

FROM: Jeffrey Sinz, Finance Director

DATE: April 24, 2003

SUBJECT: Ordinance 2003-19, Appropriating Funds for Fiscal Year 2003-2004

Ordinance 2003-19 appropriates the money necessary to fund the borough's annual budget for fiscal year 2003-2004 (FY04). The amounts included in the ordinance correspond with those appearing in the FY04 Kenai Peninsula Borough budget as will be presented to the assembly on May 6, 2003.

The ordinance includes the local funding and in-kind services necessary to support the FY04 school district budget. That amount of the appropriation corresponds with the school district proposed budget presented to the assembly on April 24, 2003 and approved by the assembly through the adoption of Resolution 2003-_____ on May 6, 2003.

Public hearings on May 20, 2003 and on June 3, 2003 are requested.