Title:
Approval of Ordinance Appropriating 2016 Special Funds
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the ordinance appropriating 2016 special funds on second reading.
Report
Issue:
Whether to appropriate various Special Funds.
Staff Contact:
Dean Walz, Fiscal Services Director, Administrative Services Department, 360.753.8465
Presenter(s):
None. Consent calendar item.
Background and Analysis:
Background and analysis have not changed from first to second reading.
The City has several special accounts and funds that are not part of the Operating or Capital Budgets. These Funds have been established for administrative purposes and/or to segregate funds for special purposes.
Neighborhood/Community Interests (if known):
None.
Options:
1) Pass the ordinance on second reading as presented. The ordinance provides authority to expend funds for various purposes.
2) Pass the ordinance on second reading with different amounts.
Financial Impact:
Appropriations of $6,943,459 To various Special Funds.
Funding: $2,144,565 Revenue from external sources
$4,933,040 Revenue from internal sources
$ 134,146 Net gain to fund balances