Title
Approval of an Ordinance Amending Ordinance 7330, Third Quarter Budget Amendment
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to adopt on second reading, the proposed Ordinance that amends Ordinance 7330 (Third Quarter Budget Amendment).
Report
Issue:
Whether to adopt on second reading, the proposed Ordinance that amends Ordinance 7330 (Third Quarter Budget Amendment).
Staff Contact:
Aaron BeMiller, Finance Director, 360.753.8465
Joan Lutz, Budget/Financial Analyst, 360.753.8760
Presenter(s):
None - Consent Calendar item
Background and Analysis:
Background and analysis have not changed from first to second reading.
The City Council may revise the City's Operating Budget by approving an Ordinance. Generally, budget amendments are presented quarterly to the City Council for review and approval, however they may be made at any time during the year. The amended ordinances appropriate funds and provide authorization to expend the funds.
The ordinance includes recommended amendments to the 2022 Operating Funds, Specials Funds, and Capital Funds for department requested budget amendments for the Third Quarter in 2022.
Department requested budget amendments for Third Quarter in 2022 represents new budget adjustments and associated transfers. These appropriations total $2,600,213.
The budget amendment for the 3rd Quarter in 2022 is summarized below.
Office of Community Vitality
* Appropriation of $100,000 for Inspire Olympia. Funding comes from excess 2022 General Fund special election cost appropriation.
Public Works
* Appropriation of $66,000 from fund balance in the Sewer Capital Fund to repair storm damage at the Percival Creek Utility Bridge.
* Appropriation of $36,680 from fund balance in the Storm Water Operating Fund to pay for a late 2021 invoice from Pro-Vac for maintenance supplies.
* Appropriation of $95,000 from fund balance in the Facilities Fund to repair the brick exter...
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