Title
Approval of an Ordinance Amending Ordinance 7174 (Capital Budget)
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the Ordinance amending Ordinance 7174 on second reading.
Report
Issue:
Whether to amend Ordinance 7174 on second reading.
Staff Contact:
Nanci Lien, Fiscal Services Director, Administrative Services Department, 360.753.8465
Presenter(s):
None - Consent Calendar item
Background and Analysis:
Background and analysis has not changed from first to second reading.
City Council may revise the City’s Capital Budget by approving an ordinance. Generally, budget amendments are presented quarterly to Council for their review and approval but may be made at any time during the year. The amended ordinances appropriate funds and provide authorization to expend the funds.
No separate ordinances were passed since the adoption of ordinance 7174 on December 18, 2018, relating to the Capital Budget.
The attached ordinance includes recommended amendments to the 2019 Capital Budget for: 1) recognizing actual year-end fund balances; 2) appropriating 2018 year-end carry forward appropriations; and 3) appropriating department requests for First Quarter in 2019.
2018 Year-End Appropriations of $8,414,847 include year-end contractual obligations.
2019 First Quarter department requests of $18,006,892 include:
1. Public Works
a. Waste Resources: $368,000 for capital planning. Funding is from Waste ReSources capital component of rates.
b. Transportation: Reduce appropriation by $98,085 for Pacific Avenue Pedestrian Crossing Improvements. Project is complete and the funds are not needed.
c. Transportation: $78,924 for improvements in Street Reconstruction program. Funding is from frontage deferred payment.
d. Transportation: $400,000 for Franklin Street overlay. Funding is from a Transportation Improvement Board grant.
e. Transportation: $269,250 to retrofit Harrison Avenue stormwater. Funding is from a State grant.
f. Stormwater: $208,374 for salaries and benefits for one associate planner and one program specialist. Funding is from existing Storm Water Capital resources.
2. Parks
a. $19,350 for future land acquisition. Funding is from rent proceeds received on Zahn property.
b. $1,681,098 for Parks capital projects. Funding is from a Recreation and Conservations Office grant
3. General Government
a. Appropriate $1,000,000 for Economic Development. Funding is from an insurance recovery.
b. Appropriate $79,981 for Economic Development. Funding is from an insurance recovery.
4. Administrative Services:
a. Fiscal Services: $14,000,000 for Parks Bond Anticipation Note (BAN) refinancing; $10,000,000 for original BAN refinancing and an additional $4,000,000 for installment payment on Zahn property. Funding is from the Bond Anticipation Note refinancing.
Neighborhood/Community Interests (if known):
None noted.
Options:
1. Approve the ordinance amending ordinance 7154. This allows staff to continue capital projects, complete seismic upgrades to reservoirs and return unused funds to be used on future projects.
2. Do not approve the amending ordinance. This would stop certain projects.
Financial Impact:
Total increase in appropriations is $26,421,739. The sources of funding are noted above.
Attachment:
Ordinance