Title
Amendment to Ordinance 6911 (Special Funds)
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 6911
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.
No ordinances were passed since the adoption of ordinance 6911 relating to Special Funds.
Budget Item not previously presented to the Council:
1) Appropriation of $54,235 to the CDBG Loan Repayment Fund. Funding is provided from loan repayments which have not previously budgeted.
Neighborhood/Community Interests (if known):
None noted.
Options:
1) Approve ordinance amending ordinance 6911.
2) Do not approve the amending ordinance. The budget items would not be authorized.
Financial Impact:
Total increase in appropriations is $54,235. The sources of funding for these appropriations are noted above.