Title
Amendment to Ordinance 6856 (Special Funds)
Body
Issue:
Amend the 2013 Special Funds Budget.
Amendment to Ordinance 6856
City Manager's Recommendation:
Move to adopt amending ordinance on second reading.
Staff Contact:
Dean Walz, Fiscal Services Director, Administrative Services Department, 360.753.8465.
Background and Analysis - same as provided in the 1st reading staff report:
To change the budget the Council must approve a new ordinance amending the budget. Due to the administrative difficulty of possibly having several items going to the Council at or near the same time, budgetary amendments are generally made quarterly. On occasion a budget change needs to be made between the quarterly updates. In those cases an ordinance may come to the council as an ordinance relating to the budget, but not actually amending a previous ordinance. The ordinances relating to the budget will be included in the next quarterly update. The attached ordinance reflects ordinances which may have been adopted relating to the budget since the last quarterly update, and other proposed changes to the operating budget.
One ordinance passed since the last amendment of the special funds budget, relating to the special funds budget. The ordinance (6862) was adopted on August 20, 2013. This ordinance appropriated: 1) $325,612 for the Community Development Block Grant Program, funded by a Federal Community Development Block Grant; 2) $100,000 for the Housing Revolving Loan Program, funded by loan repayments.
Budget items not previously presented to the Council:
1) Appropriation of $25,000 for the Hands On Children's Museum project related to soil clean-up. This is funded by existing resources in the fund. These clean-up costs are part of a reimbursement to LOTT for their expense related to the project.
Options:
1) Approve amending ordinance on first reading and forward to second reading. Officially amend the budget for ordinances relating to the 2013 budget, and authorize budget items not previously presented to the Council.
2) Do not approve the amending ordinance. The budget items would not be authorized.
Financial Impact:
Total increase in appropriations is $450,612. The sources of funding for these appropriations are noted above.