Title
Approval of Amendment to Ordinance 6947 (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 6947
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 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.
One ordinance was passed since the adoption of ordinance 6947 relating to the Operating Budget. The ordinance passed on March 31, 2015, which appropriated General Fund, fund balance for the following purposes:
$450,000 Fire Equipment Reserve
$360,000 CFP Contingency
$350,000 Percival Landing
$250,000 Downtown Strategy
$200,000 Information Technology
$108,680 LEOFF 1 Retiree post-employment benefits
$ 90,410 Parking Management (special account)
$ 70,000 Pedestrian Crossing
$ 50,000 $1 per Capita for Arts
$ 50,000 Holly Landing
$ 40,000 Sidewalk Repair
$ 17,000 Interfaith Works Shelter
$ 8,979 Council Goals
$2,045,069
The above fund balance resources were generated from 2014 budget savings and revenues excess of anticipated revenues.
The ordinance also appropriated funds identified above which will be transferred to var...
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