MEMORANDUM
TO: Gary Superman, Assembly President
Members, Kenai Peninsula Borough Assembly
THRU: Dale Bagley, Borough Mayor
FROM: Scott Holt, Finance Director
Shane Horan, Director of Assessing
Colette Thompson, Borough Attorney
DATE: April 21, 2005
SUBJECT: Ordinance 2004-19-51 appropriating supplemental funding for FY2005 for the assessing and legal departments to prepare for Board of Equalization hearings.
The borough has scheduled board of equalization (BOE) hearings for May and June 2005. It is estimated that the borough will incur $65,000 in costs in excess of the current available budget.
The attached ordinance would appropriate $35,000 for the assessing department and $30,000 for the legal department to cover the estimated increase. Without this appropriation, the borough would not be able to hire the professional firms needed to represent the borough's interest at these hearings. KPB 5.08.030 restricts the borough to only "make expenditures within the limits of budget."
Shortened hearing is requested because the funds are expected to be required to cover these expenses prior to the regular hearing date of June 7, 2005.