Title
Approval of an Ordinance Amending Ordinance 7320 (Second Quarter Budget Amendment)
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the proposed Ordinance that amends Ordinance 7320 (Second Quarter Budget amendment) on second reading.
Report
Issue:
Whether to approve the proposed Ordinance that amends Ordinance 7320 (Second 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.
The 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 attached ordinance includes recommended amendments to the 2022 Operating Funds, Specials Funds, and Capital Funds for Department requested budget amendments for the Second Quarter in 2022 and appropriation of 2021 End of Year Fund Balance.
1. Department requested budget amendments for Second Quarter in 2022 represents new budget adjustments and associated transfers. These appropriations total $9,287,674.
2. Appropriation of 2021 End of Year Fund Balance represents one-time expenditures utilizing fund balance. These appropriations total $7,500,000.
The budget amendment for the Second Quarter in 2022 is summarized below.
Office of Community Vitality
* Appropriation of $500,000 for Brownfield Grant. Funding from EPA Brownfield Grant.
* Appropriation of $76,154. Signed an ILA with Thurston County Regional Housing. All funds received from HB 1406 will be paid to Thurston County Regional Housing. Funding from Home Fund fund balance.
* Appropriation of...
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