MEMORANDUM

TO: Pete Spraque, Assembly President

Members of the Kenai Peninsula Borough Assembly

THRU: Dale Bagley, Mayor

FROM: Scott Holt, Finance Director

DATE: April 22, 2004

SUBJECT: Ordinance 2004-19, Appropriating Funds for Fiscal Year 2004-2005

Ordinance 2004-19 appropriates the money necessary to fund the borough's annual budget for fiscal year 2004-2005 (FY05). The amounts included in the ordinance correspond with those appearing in the FY05 Kenai Peninsula Borough budget as presented to the assembly on May 4, 2004.

The ordinance includes the local funding and in-kind services necessary to support the FY05 school district budget. That amount of the appropriation corresponds with the school district proposed budget presented to the assembly on April 6, 2004, and approved by the assembly through the adoption of Resolution 2004-047 on May 4, 2004.

Public hearings on May 18, 2004 and on June 1, 2004 are requested in order to provide additional opportunity for public testimony before the June 14 deadline for setting the mill levy and the June 30 deadline for appropriating school district funds.