Title
Approval of an Ordinance Amending Ordinance 7085 (Special Funds)
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve amending ordinance on second reading.
Report
Issue:
Whether to approve the amendment to Ordinance 7085.
Staff Contact:
Bill Sampson, Acting Fiscal Services Director, Administrative Services Department, 360.753.8473
Presenter(s):
Bill Sampson, Acting Fiscal Services Director
Background and Analysis:
Background and analysis has not changed from first to second reading.
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 passed relating to the Special Funds not included in previous Budget Amendments. Ordinance 7082 adopted by the Council 6/6/2017 appropriated the following:
Downtown Beautification $10,000
Budget Items not previously presented to the Council:
1. Appropriation of $325,623 to buy back easement sold to LOTT in 2010. Funding is from contamination clean up reimbursement funds of $250,000 at Hands On Children’s Museum and fund balance.
Neighborhood/Community Interests (if known):
None known
Options:
1) Approve ordinance amending ordinance 7085.
2) Do not approve the amending ordinance.
Financial Impact:
Total appropriation increase of $325,623, funding noted above.
Attachments:
Ordinance