Title
Approval of Amendment to Ordinance 6905 (Capital Budget)
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve amending ordinance on second reading.
Report
Issue:
Amendment to Ordinance 6905
Staff Contact:
Dean Walz, Fiscal Services Director, Administrative Services Department, 360.753.8465
Presenter(s):
Dean Walz, Fiscal Services Director
Background and Analysis:
The background and analysis have not changed from first reading to second reading.
To change the budget the Council must approve a new ordinance amending the budget. Generally, budgetary amendments are made quarterly. On occasion a budget change needs to be made between the quarterly updates and a separate ordinance will come before the Council. These ordinances do not officially amend the budget ordinance, but does provide authorization to expend funds. 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 budget.
One ordinance passed since the adoption of ordinance 6905.
Ordinance 6908 appropriated $233,070 for the installation of solar panels at City Hall. That appropriation was funded by a transfer of $50,000 from the City Hall Construction Fund and a $183,070 grant from the State of Washington Department of Commerce. This ordinance authorizes the transfer to the Equipment & Facilities Reserve Fund to fund the project.
Budget Items Not Previously Presented to the Council:
1) Appropriation of $98,250 for the 4th Avenue Stormwater Retrofit project. Funding was provided by a grant from the State of Washington Department of Ecology.
2) Appropriation of $10,000 to the Capital Improvement Fund for sidewalk repairs related to hazard tree removal. Funding provided by a transfer from the Insurance Trust Fund. Sidewalk repairs were also funded by an adjustment of $7,500 from the hazard tree project and $1,525 from the streetscape corridor project (final remaining funds). Total funds added to sidewalk repair were $19,025.
3) Appropriations of $30,000 of Park Impact Fees to be transferred to the Capital Improvement Fund to fund:
· $10,000 for a feasibility study of Phase IV of the Olympia Woodland Trail, funded by Open Space Impact Fees
· $20,000 for a new shelter at Priest Point Park, funded by Neighborhood Park Impact Fees
The ordinance also appropriates $30,000 to the Capital Improvement Fund.
4) Appropriation of $1,899,381 for the Boulevard/Morse-Merryman Roundabout Project. Funding of $1,622,381 by a grant from the State of Washington Transportation Improvement Board and $277,000 from Transportation Impact Fees. The ordinance also appropriates the transfer of $277,000 from Transportation Impact Account.
5) Appropriation of $281,000 for the Percival Landing "F" Float project. Funding of $234,000 by a grant from the State of Washington, and $47,000 from Community Park Impact Fees. The ordinance also appropriates the transfer of $47,000 from Community Park Impact Account.
Neighborhood/Community Interests (if known):
None noted.
Options:
1) Approve ordinance amending ordinance 6905.
2) Do not approve the amending ordinance. The budget items would not be authorized.
Financial Impact:
The total increase in appropriations is $2,722,631. The sources of funding of these appropriations are noted above.