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Assembly adopts FY2026 budget adjustments; authorizes loan for wastewater outfall repair
Summary
Ordinance #2026‑05 was approved (third reading) to record a $722,484 Secure Rural Schools payment and fund elderly housing and fire equipment needs; the Assembly also approved Resolution #2026‑08 to apply for a State Revolving Fund loan up to $275,000 for the Frederick Sound wastewater outfall repair project.
The Assembly approved Ordinance #2026‑05 in its third and final reading on April 13, recording a $722,484 Secure Rural Schools payment received March 23, 2026, and authorizing FY2026 adjustments across several funds. The ordinance includes funds for replacement of the 44‑year‑old dry sprinkler system valve and air compressor at Elderly Housing and to complete funding for new SCBA tanks and masks for the Fire Department (authorized earlier by Resolution 2026‑05).
For the Waste Water Outfall Repair Project (Fund 764), the ordinance adds $275,000 in loan funding from the Alaska Department of Environmental Conservation and a corresponding $275,000 expense for the project. The Assembly also unanimously approved Resolution #2026‑08 authorizing the Borough Manager to apply for and execute a State Revolving Fund loan from the Alaska Clean Water Fund in an amount up to $275,000 with repayment not to exceed 20 years; the loan is within voter‑approved wastewater enterprise fund debt authorization.
