Title
Approval of Amendment to Ordinance 6903 (Operating 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 6903
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 reading 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.
Four ordinances were passed since the adoption of ordinance 6903.
Ordinance 6901, which appropriated General Fund fund balance for the following purposes:
$836,300 for the Equipment & Facilities Reserve Fund
$500,000 for the Isthmus Park Project
$325,000 for PSE - Street Light Conversion
$200,000 for Information Systems improvements
$ 88,880 for the Parking Special Account
The above fund balance resources were generated from 2013 budget savings and revenues excess of anticipated revenues.
Ordinance 6906, which appropriated $50,000 for Community Renewal Planning, funded from the General Fund fund balance.
Ordinance 6907, which appropriated $200,000 for the Police Annex demolition project, funded from the City Hall Construction Fund.
Ordinance 6908, which appropriated $233,070 for installation of solar panels at City Hall, funded by a $183,070 gran...
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