Kodiak Daily Mirror - Kodiak city council passes 2015 budget
  
Kodiak city council passes 2015 budget
by Julie Herrmann
Jun 16, 2014 | 111 views | 0 0 comments | 10 10 recommendations | email to a friend | print
Council Member Richard Walker addresses his Kodiak City Council colleagues at the fiscal 2015 budget meeting on Thursday. The council resolution passed. Julie Herrmann photo.
Council Member Richard Walker addresses his Kodiak City Council colleagues at the fiscal 2015 budget meeting on Thursday. The council resolution passed. Julie Herrmann photo.
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The Kodiak City Council passed a $35.9 million fiscal year 2015 budget on Thursday night, some 7 percent lower than last year’s budget.

Revenue is expected to be $35,906,466 during the 2015 fiscal year, which runs from July 1, 2014, to June 30, 2015. City expenses, not including capital project expenditures, are expected to equal that amount as well.

The fiscal 2014 budget totaled $37,039,403, a six percent decrease from 2013, the memo said.

“We think we can continue to deliver those services in the high-quality manner as in the past to the community,” said city manager Aimee Kniaziowski. This budget will provide the same level of service as last year, but with a reduction in expenses, said a memo regarding the budget.

“This is a prudent approach since revenues are expected to remain static as expenses continue to increase,” the memo said.

An additional $10,481, 815 will be spent on capital projects for a total city budget of $46,388,281.

Four amendments to the budget were passed before the budget was passed. Three allocated additional funding to Kodiak nonprofits. The Kodiak Historical Society received an additional $12,500, the Humane Society of Kodiak received an additional $6,000 and Discover Kodiak received an additional $10,000 on top of the amounts already allocated to them.

The fourth amendment allocated $25,000 to the downtown revitalization project for projects that will take place within the next year.

According to the memo, the original 2015 budget amounts for the non-profits were based on their 2014 budgets. The three nonprofits requested more funding and justified their requests at two May council work sessions, which is why they received the additional funding.

The budget will have an estimated $5.4 million left over in the general fund, which will likely be used to offset expenses and provide the city with some operating reserve money.

Contact Julie Herrmann at jherrmann@kodiakdailymirror.com.

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