Title
Approval of Ordinance Appropriating 2014 Special Funds
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the attached ordinance appropriating 2014 Special Funds on second reading.
Report
Issue:
Appropriations to various Special Funds.
Staff Contact:
Dean Walz, Fiscal Services Director, Administrative Services Department, 360.753.8465
Presenter(s):
Dean Walz
Background and Analysis:
The background and analysis information has not changed from the first reading. 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.
Neighborhood/Community Interests (if known):
None.
Options:
1) Pass the ordinance on second reading as presented. The ordinance provides authority to expend funds for various purposes.
2) Modify the ordinance and pass on second reading.
Financial Impact:
Appropriations of $7,297,800 to various Special Funds.
Funding: $4,652,300 revenue from external sources
$2,128,126 revenue from internal sources
$ 517,374 net use of fund balances