Title
Approval of an Ordinance Appropriating 2018 Special Funds
Recommended Action
Committee Recommendation:
Not referred to a Committee
City Manager Recommendation:
Move to approve the ordinance appropriating 2018 special funds on second reading.
Report
Issue:
Whether to approve an ordinance to appropriate various Special Funds.
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.
The City has several special Funds that are not part of the regular Operating or Capital Budgets. These Funds have been established for administrative purposes and/or to segregate funds for special purposes. Special Fund Budget information is listed separately in the attached Ordinance.
Neighborhood/Community Interests (if known):
None
Options:
1) Approve the ordinance as presented. The ordinance provides authority to expend funds for various purposes.
2) Approve the ordinance with different amounts.
Financial Impact:
Appropriations of Funding:
$ 7,011,347 To various Special Funds.
$ 1,968,501 Revenue from external sources
$ 5,721,487 Revenue from internal sources
$ 678,641 Net gain to fund balances
Attachments:
Ordinance