Title
Agenda Item:
Ordinance Appropriating 2013 Special Funds
Body
Issue:
Appropriations to various Special Funds
Committee Recommendation:
Not referred to a committee.
City Manager's Recommendation:
Move to approve on first reading and forward to second reading an ordinance appropriating 2013 Special Funds.
Staff Contact:
Dean Walz, Fiscal Services Director, Administrative Services Department, 360.753.8465
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
The City has several special accounts and funds which are not part of the Operating or Capital Budgets. These funds have been established for administrative purposes and/or to segregate funds for special purposes.
The ordinance reflects that $1,500 has been added to the Lodging Tax Committee recommendations for Procession of the Species.
Neighborhood/Community Interests (if known):
Several members from the community testified in favor of Earthbound Productions receiving the additional funds at the Operating Budget Public Hearing.
Options:
1. Pass the ordinance on first reading and move to second reading as presented. The ordinance provides authority to expend funds for various purposes according to state law.
2. Pass the ordinance on first reading with different amounts and move to second reading. The ordinance would be changed as directed by Council for presentation on second reading.
Financial Impact:
Appropriations of $6,512,051 to various Special Funds.
Funding: $1,795,366 revenue from external sources
$4,311,933 revenue from internal sources
$ 404,752 net use of, or additions to fund balances