Title
Agenda Item:
Approval of Amendment to Ordinance 6833 (Special Funds)
Body
Issue:
Amend the Special Funds Budget
City Manager's Recommendation:
Move to approve the amending ordinance on second reading.
Staff Contact:
Dean Walz, Fiscal Services Director, Administrative Services Department, 360.753.8465
Background and Analysis:
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.
There are no ordinances passed since the last budget update relating to the operating budget.
Budget Items not previously presented to the Council:
1) Appropriation of $93,210 to the casualty loss and major repair program within the Equipment Rental Replacement Reserve Fund. This is funded from the fund balance of the Fund. The program is a set-aside of $100,000. This appropriation is to replace funds used in 2012 for casualty loss and major repair.
Options:
1) Approve amending ordinance. Authorizes budget item which had not previously been 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 $93,210. The sources of funding for these appropriations are noted above.