Title
Approval of an Ordinance Amending Ordinance 7268 (Operating, Special and Capital Budgets) - 2021 First Quarter Budget Amendment
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the proposed Ordinance that amends Ordinance 7268 on second reading.
Report
Issue:
Whether to amend Ordinance 7268 on second reading.
Staff Contact:
Nanci Lien, Finance Director, 360.753.8465
Presenter(s):
None - Consent Calendar item
Background and Analysis:
Background and analysis ahs not changed from first to second reading.
City Council may revise the City's Operating and Capital Budgets by approving an ordinance. Generally, budget amendments are presented quarterly to Council for review and approval, however, may be made at any time during the year. The amended ordinances appropriate funds and provide authorization to expend the funds.
The attached ordinance includes recommended amendments to the 2021 Operating Funds, Special Funds, and Capital Funds for: 1) Department requested carry-forward appropriations; and 2) Department requests for budget amendments for the 1st Quarter in 2021.
1) Department requested carry-forward appropriations include appropriations and associated transfers representing 2020 obligations for purchase orders and contracts not completed in 2020, as well as capital project-related appropriations. These appropriations total $40,184,421.
2) Department requests for budget amendments for 1st Quarter in 2021 represent new budget adjustments and associated transfers departments requested for 2021. These appropriations total $6,025,989.
Department requests for budget amendments for the 1st Quarter in 2021 are summarized below.
City Manager's Office
* $1,230 in appropriations for an adjustment to the 2021 JASCOM budget that was higher than projected. Funding from General Fund fund balance.
* $43,500 in appropriations for transfer to the Parking, Business Improvement Area (...
Click here for full text