The City of Kenai adopted the annual budget for the fiscal year commencing July 1st 2017 to June 30th 2018 at Wednesday night’s City Council meeting.
All total funds appropriated for fiscal year 2018; $26,497,466. The general fund balance; $15,571,789, with $1 million of unassigned general fund monies committed to future renovation and improvements to City facilities per the fund balance policy.
Council Member Bob Molloy…
Molloy: “I’m really pleased with the budget, we’re continuing to operate within our means. We have a new policy that we adopted where we have to do everything and look into the future too. The only amendment we made was for $35,000 dollars to provide funding to make our Deputy Clerk position to be a full time position. So we’ll have two people in the office, which will be really good for the City, and we were able to not increase the mill rate or taxes at all”
Molloy proposed the only amendment to Ordinance 2961-2017, the motion to increase the Deputy Clerk position from 24 to 40 hours per week. The vote as amended summarily passed.
There was no mill rate increase, nor any new taxes implemented.
Kenai Mayor Brian Gabriel…
Gabriel: “First of all I think Terry Eubank our City Finance Director did an outstanding job of fleshing this out, months in the process when you include our new fund balance policy and how that will guide our financial trajectory into the future. But also, what I like about this budget what I can say is that we didn’t raise the mill rate on real property and we kept City services at the level they were at, so to me that’s a win.”
