Title
Ordinance Amending the 2012 Special Funds Budget Ordinance
Issue: Amend the Special Funds Budget.
Amend the Special Funds Budget.
City Manager's Recommendation:
Move to approve amending the ordinance on first reading and forward to second reading.
Staff Contact:
Dean Walz, Fiscal Services Director, Administrative Services Department, 360.753.8465
Background and Analysis:
Prior to moving to Legistar for Council agenda items, amendments to operating, capital, and special fund budget ordinances were presented for first reading with one staff report and an attachment for each proposed amended ordinance. In order to move from First Reading to Second Reading in Legistar, each ordinance must be associated with its own File ID. The total figures represented in the Financial Impact section below are for the proposed ordinance amendments to the operating, capital, and special funds budgets being presented for first reading at the July 10, 2012 Council meeting.
Ordinances are passed by the Council throughout the year, having an impact on the budget. To officially change the budget the original budget ordinances (or original as amended) adopted by the Council must be amended. Due to the administrative difficulty of having several items going to the Council at or near the same time the original budget ordinances may not be amended with each agenda item effecting the budget. On a periodic basis, generally quarterly, the various ordinances affecting the budget are compiled in to an ordinance amending the original budget, or the original as amended. The attached ordinance reflects the operating budget ordinances from April to June 2012.
Additionally, there are budget items which do not require immediate action which are included in the periodic amending ordinances.
Attached are the details of changes to the budget.
Options:
1) Approve amending ordinance. This will officially amend the budget for ordinances passed by the council which affected the budget, and authorized other budget items which have not yet been presented to the Council.
2) Do not approve the amending ordinance. If not approved then the budget will not be consistent with other actions previously taken by the council. Additionally, the budget items not previously presented to the Council would not be done.
Financial Impact:
Total increase in appropriations is $2,743,438 of which $2,028,878 is for items previously before the Council and $714,560 for items not previously before the Council. The sources of funding of these appropriations are outlined in the attachments. These totals apply to: File ID-0213 (Ordinance Amending the 2012 Operating Budget), File ID 12-0317 (Ordinance Amending the 2012 Capital Budget), and File ID 12-0318 (Ordinance Amending the 2012 Special Funds Budget.