Title
Agenda Item:
Approval of Amendment to Ordinance 6827 (Capital Budget)
Body
Issue:
Amend the Capital 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 were no ordinances passed since the last budget update relating to the operating budget.
Budget Items not previously presented to the Council:
1) Appropriation of $2,300 to the Fire Station Construction Fund. This is the remaining funds in the Fund which have not been previously budgeted. The funding is from interest earnings on bond proceeds.
2) Appropriation of $454,500 within the Stormwater CIP Fund for water quality improvements of water runoff at the City Maintenance Center. This is funded by a grant for the State of Washington, Department of Ecology.
3) Appropriation of $12,000 within the Stormwater CIP Fund for the Blake Lake Ditch project. Funding is from insurance proceeds.
4) Appropriation of $3,300,000 within the Water CIP Fund for the automated meter reading project. Funding will be provided from the sale of bonds.
Options:
1) Approve amending ordinance. Authorizes budget items which ...
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