Item Coversheet

ASSEMBLY AGENDA/MANAGER'S REPORT
THE CITY AND BOROUGH OF JUNEAU, ALASKA

Ordinance 2019-06(AB) An Ordinance Transferring $200,000 of Temporary 1% Sales Tax from the Debt Service Fund, to the Manager for the Purpose of Funding the Accounting Systems Upgrade Capital Improvement Project.

MANAGER'S REPORT:

These funds were initially authorized by the full Assembly on June 3, 2019 through the FY20 CIP Resolution 2845(e) for accounting system upgrades. The original appropriation was made to the Debt Service Fund, as management believed the project would be financed via a lease arrangement. Subsequently, management decided not to pursue a lease as there was adequate cash on hand to finance the project without one. As such, this ordinance would transfer the original appropriation of $200,000 from the Debt Service Fund to the Accounting Systems Upgrade Capital Improvement Project (M15-004).

RECOMMENDATION:

The City Manager recommends that the Assembly introduce this ordinance and set it for public hearing at the next Assembly meeting.

ATTACHMENTS:
DescriptionUpload DateType
Ordinance 2019-05(AB)4/16/2020Ordinance