Title
Amendment to Ordinance 6866 (Capital Budget)
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 6866
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 information has not changed from the first 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.
One ordinance passed since the last amendment to the capital budget. Ordinance 6875 was adopted on November 19, 2013. The ordinance appropriated $1,076,000 for the 22nd Avenue sidewalk project. Funding is from a Safe Routes to School grant (Federal indirect grant through the State of Washington).
Budget Items not previously presented to the Council:
1) Appropriation of $624,793 for issuance costs of the 2013 Waterworks Bonds and funding of the Bond Reserve Fund related to those bonds. Funding is from bond proceeds and existing funds in the Drinking Water Capital Fund.
2) Appropriation of $839,624 from the Transportation Impact Fee account to be transferred to the Capital Improvements Fund for the Boulevard/Morse-Merryman roundabout design project. Funding is from Transportation Impact Fees. The ordinance approved in August authorizing the project omitted the appropriation to the Impact ...
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