Title
Approval of Amendment to Ordinance 6946 (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 6946
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 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 was passed since the adoption of ordinance 6946 relating to the Capital Budget. The ordinance passed on March 31, 2015, which appropriated to the following Funds:
$450,000 Fire Equipment Reserve
$780,000 Capital Improvement Fund
These are monies budgeted by the same ordinance to be transferred from the General Fund to these Funds.
Budget Items Not Previously Presented to the Council:
1) Appropriation of $327,405 for the Pacific Avenue Pedestrian Crossing improvement project. Funding is provided by a grant from the Federal Highway Safety Improvement Program.
2) Appropriation of $200,000 for the 529 building demolition portion of the Isthmus Project. Funding is provided by Community Development Block Grant (CDBG) funds. These funds were previously identified with in the CDBG program but not previously budgeted to the Isthmus Project.
3) Appropriation of $13,000 for Americans with Disabilities program for improvements at the Olympia Center. Funding is provided by resources budgeted to the Parks, Arts and Recreation Department.
4) Appropriation of $211,300 towards the purchase of a Fire Truck. There are previously unappropriated funds within the Fire Equipment Reserve Fund.
5) Appropriation of $230,000 of Real Estate Excise Tax to the Street Repair & Reconstruction Program and return funds previously re-allocated to the Street Repair & Reconstruction Program from the Grass Lake Program as part of the 2015 budget. After adoption of the 2015 budget it was discovered that the Grass Lake re-allocated budget was funded from proceeds from the sale of land which was dedicated to Open Space (Grass Lake) rather than from general capital facilities funding sources.
6) Appropriation of $50,000 to the 22nd Avenue Sidewalk Project. Funding is provided by a grant from the Federal Transportation Alternatives Program.
7) Appropriation of $250,000 for remaining resources in the City Hall Construction Fund to be transferred to the Equipment and Facilities Reserve Fund for the data center and generator upgrade project.
Neighborhood/Community Interests (if known):
None noted.
Options:
1) Approve ordinance amending ordinance 6946.
2) Do not approve the amending ordinance or re-allocation of budget. The budget items would not be authorized.
Financial Impact:
Total increase in appropriations is $2,511,705. The sources of funding of these appropriations are noted above.