Title
Approval of an Ordinance Amending Ordinance 7344 (Fourth Quarter Budget Amendment)
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the proposed Ordinance that amends Ordinance 7344 (Fourth Quarter Budget Amendment) on second reading.
Report
Issue:
Whether to approve the proposed Ordinance that amends Ordinance 7344 (Fourth Quarter Budget Amendment) on second reading.
Staff Contact:
Aaron BeMiller, Finance Director, 360.753.8465
Joan Lutz, Budget/Financial Analyst, 360.753.8760
Presenter(s):
None - Consent Calendar item
Background and Analysis:
Background and Analysis did not change from first to second reading.
City Council may revise the City's Operating Budget by approving an ordinance. Generally, budget amendments are presented quarterly to Council for review and approval, however they may be made at any time during the year. The amended ordinances appropriate funds and provide authorization to expend the funds.
The Ordinance includes recommended amendments to the 2022 Operating Funds, Specials Funds, and Capital Funds for Department requested budget amendments for the Fourth Quarter in 2022.
Department requested budget amendments for Fourth Quarter in 2022 represents new budget adjustments and associated transfers. These appropriations total $2,285,658.
The budget amendment for the Fourt Quarter in 2022 is summarized below.
Office of Community Vitality
* Appropriation of $1,143,225 is shifting from the Operating Home Fund to the Capital Home Fund for the Quince Street Village Mitigation Move.
* Appropriation of $250,000 from the 2021 General Fund year-end funding to the Capital Home Fund for Quince Street Village Mitigation Move expenses.
* Appropriation of $15,000 from PBIA to the Economic Development program for the alley lighting project.
* Appropriation of $17,402 from PBIA to the Economic Development program for the holiday lighting project.
* Appropriation of $...
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