Title
Approval of an Ordinance Amending Ordinance 7213 (Capital Budget)
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the ordinance amending Ordinance 7213 on second reading.
Report
Issue:
Whether to amend Ordinance 7213 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 7213 on November 26, 2019, relating to the Capital Budget.
The attached ordinance includes recommended amendments to the 2020 Capital Budget as outlined below:
1. Parks Capital Projects
* $3,800 in appropriations for expenditures related to Park acquisition. Funding to come from lease payments on the Yelm Highway Community Park property.
* $145,987 in appropriations for expenditures related to the Percival Landing project. Funding to come from insurance proceeds.
* ($79,833) reduction in appropriations for expenditures and revenue related to a Recreation and Conservation Office (RCO) grant that is complete.
2. Transportation Capital Projects
* $71,050 in appropriations for expenditures related to school zone flashing beacons. Funding to come from associated grant proceeds.
* ($568,291) reduction in appropriations and associated revenue related to the Boulevard Road/Morse-Merriman Roundabout. Grant revenue was reduced at the time of the award.
* $500,000 in appropriations for expenditures related to Henderson & Eskridge Boulevard Interse...
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