Title
Approval of Amendment to Ordinance 7021 (Operating Budget)
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the amending ordinance on second reading.
Report
Issue:
Whether to approve the amendment to Ordinance 7021.
Staff Contact:
Dean Walz, Fiscal Services Director, Administrative Services Department, 360.753.8465
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
To change the budget the Council must approve an ordinance amending the budget. Generally, budgetary amendments are made quarterly. On occasion a budget change is made between the quarterly updates with separate ordinances approved by 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.
There was one ordinance since the adoption of ordinance 7021 relating to the Operating Budget. Ordinance 7035 was passed on August 23, 2016 appropriated an additional $700,000 within the Equipment & Facilities Replacement Reserve Fund to be used for the Washington Center for the Performing Arts Fund, HVAC project.
Budget Items Not Previously Presented to the Council:
1) Appropriation of $5,000 for an accounting intern, funded by a grant from the Washington Finance Officers. The grant is to provide governmental accounting experience to a college student.
2) Appropriation of $500,000 within the General Fund to be transferred to the Capital Improvement Fund to be used for a portion of the purchase of the Dawley property (part of the LBA Woods acquisition). This is funded by sales tax revenue in excess of the current budget for sales tax collection.
3) Appropriation of $7,150 for the Water Street Assessment project, funding is provided by a grant from the State of Washington, Depa...
Click here for full text