ORD 95-46 FINAL 1996 BUDGET ORDINANCE 95 - 46
AN ORDINANCE OF THE CITY OF BAINBRIDGE ISLAND ADOPTING
THE FINAL BUDGET OF THE CITY FOR THE FISCAL YEAR ENDING
DECEMBER 31, 1996.
WHEREAS, on September 11, 1995, the Finance Director submitted to the Mayor
estimates of revenues and expenditures for the fiscal year ending December 31, 1996
(this date being prior to the date required by law); and
WHEREAS, The Mayor reviewed the estimates and made such changes and/or
additions as she deemed appropriate, and on November 1, 1995 (the date required by
law), filed said revised preliminary budget with the City Clerk together with a budget
message, and this preliminary budget and message was presented to the Finance
Committee of the City Council at its regular meetings on November 1, 1995 and
November 14, 1995 and at a special meeting on November 28, 1995, and
WHEREAS, the City Council met in a special meeting on November 9, 1995, to discuss
the budget, at which meeting a public hearing on tax increases was held, reviewed the
preliminary budget then and at its regular meeting on November 16, 1995, and scheduled
final hearings thereon beginning on November 30, 1995, for the purpose of providing
information to the public regarding the estimates and programs contained in the
preliminary budget and at which hearing all taxpayers were heard who appeared for or
against any part of said budget; and
WHEREAS, the City Council met regarding the proposed budget on
December 7, 1995, for the purpose of fixing a final budget and at which meeting
the City council made such changes as it deemed necessary and proper; now,
therefore,
THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND,
WASHINGTON, DO ORDAIN AS FOLLOWS:
SECTION 1. The final budget for the fiscal year 1996 is hereby adopted
in full. Three copies of the entire budget document are to be placed on
file with the office of the City Clerk for public inspection.
SECTION 2. Attached hereto and identified as Exhibit A, in summary form,
are the totals of budgeted resources and uses for eachseparate fund and the
aggregate totals for all such funds combined.
SECTION 3. In addition to the amounts approved by this ordinance,
because of the budgeted reduction in fund balances, this Ordinance (No. 95-46)
specifically authorizes all interfund loans and/or residual equity balance transfers as
are needed to maintain positive fund balances with the source of those transfers to be
determined by the Finance Director together with the City Administrator provided
no transfers shall be made between governmental type funds and the City's
enterprise (utility) funds.
SECTION 4.' A complete copy of the final budget for 1996, as adopted,
together with a copy of this ordinance shall be transmitted by the City Clerk to
the Division of Municipal Corporations of the Office of the State Auditor and to
the Association of Washington Cities.
SECTION 5. This ordinance shall take effect on January 1, 1996.
PASSED by the City Council this 7th day of December, 1995.
APPROVED by the Mayor this 14th day of December, 1995.
ATTEST/AUTHENTICATE:
JANET K. WEST, Mayor
KASPER, City Clerk
APPROVED AS TO FORM:
ROD P. KASEGUMA, City Attorney
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
PUBLISHED:
POSTED:
EFFECTIVE DATE:
ORDINANCE 95 - 46
Novemberl, 1995
December 7, 1995
December 13,
December 13,
January 1,1996
1995
1995
EXHIBIT A
ORDINANCE NO. 95 - 46
APPROVING THE 1996 BUDGET
BUDGET RESOURCES AND EXPENDITURES BY FUND:
FUND NO.
001
101
103
105
110
201
203
301
401
402
403
404
501
622+
FUND NAME
CURRENT EXPENSE FUND
STREETS FUND
REAL ESTATE EXCISE
EQUIPMENT ACQUISITION FUND
GRANTS FUND
G.O. BOND REGULAR LEVY
L.I.D. BOND FUND
L.I.D. CONSTRUCTION FUND
UTILITY FUND
REVENUE BOND FUND
UTILITY CONSTRUCTION FUND
UTILITY CAPITAL IMPROVEM'T FUND
SELF INSURANCE FUND
TOTAL AVAILABLE TO THE CITY
MISC., TRUST, ETC.
TOTAL RESOURCES / USES
RESOURCES / USES
$8,093,487
2,857,819
831,463
21,819
84,989
2,322,711
771,497
781,826
755,843
2,279,381
2,250,301
651,070
522, 100
22,224,305
1,893,490
$24,117,794