Title
Approval of an Ordinance Amending Ordinance 7363 (Second Quarter Budget Amendment)
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve an Ordinance amending Ordinance 7363 (Second Quarter Budget Amendment) on first reading and forward to second reading.
Report
Issue:
Whether to approve an Ordinance amending Ordinance 7363 (Second Quarter Budget Amendment) on second reading.
Staff Contact:
Joan Lutz, Budget & Fiscal Manager, Finance Department, 360.753.8760
Presenter(s):
Non - Consent Calendar item.
Background and Analysis:
City Council may revise the City’s Budget by approving an ordinance. Generally, budget amendments are presented quarterly to Council for review and approval, however they may be made at any time during the year. The amended ordinances appropriate funds and provide authorization to expend the funds.
The attached ordinance includes recommended amendments to the 2023 Operating Funds, Special Funds and Capital Funds for 2022 General Fund funds above reserve.
Climate Analysis:
This agenda item is expected to result in no impact to greenhouse gas emissions.
Equity Analysis:
One of the goals of the City’s budget process is to ensure that City services are provided equitably to our residents and business communities, as well as the greater Olympia community. This agenda item is not expected to further impact known disparities in our community.
Neighborhood/Community Interests (if known):
Members of the community may have an interest in this agenda item as it deals with City finances and fiscal governance.
Financial Impact:
Operating Funds - total increase in appropriations of $4,597,800; Special Funds - total increase in appropriations of $1,800,000; and Capital Funds - total increase in appropriations of $400,000.
Options:
1. Approve ordinance amending Ordinance 7363 (Second Quarter Budget Amendment) on second reading.
2. Do not approve the amending ordinance returning to staff for further evaluation.
3. Take other action.
Attachments:
Ordinance