Title
Approval of an Amendment to Ordinance 7099 Related to Special Funds
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve amending ordinance on second reading.
Report
Issue:
Whether to approve the amendment to Ordinance 7099.
Staff Contact:
Bill Sampson, Acting Fiscal Services Director, Administrative Services Department, 360.753.8473
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
Background and analysis has not changed from first to second reading.
To change the budget the Council must approve an ordinance amending the budget. Generally, budgetary amendments are made quarterly. On occasion a budget change is made between the quarterly updates with separate ordinances approved by 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.
There was one ordinance passed since the adoption of ordinance 7099 relating to the Special Funds Budget. Ordinance 7105 adopted by Council on June 25, 2017 appropriated the following:
Support for the Washington Center’s Development Director position $200,000
Budget Items not previously presented to the Council:
1. Appropriation of $100,000 to return seed money for Section 108 loans to General Fund. Funding is from fund balance.
Neighborhood/Community Interests (if known):
None noted.
Options:
1) Approve ordinance amending ordinance 7099.
2) Do not approve the amending ordinance.
Financial Impact:
Total appropriation increase of $300,000, funding noted above.
Attachments:
Ordinance