ORD 96-46 ADOPT FINAL BUDGETORDINANCE 96 - 46
AN ORDINANCE OF THE CITY OF BAINBRIDGE ISLAND ADOPTING
THE FINAL BUDGET OF THE CITY FOR THE FISCAL YEAR ENDING
DECEMBER 31, 1997.
WHEREAS, on September 10, 1996, the Finance Director submitted to the Mayor
estimates of revenues and expenditures for the fiscal year ending December 31, 1997
(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 October 21, 1996 (prior to the date required b
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 October 24, 1996 and
and November 13, 1996, and
WHEREAS, the City Council met on November 7, 1996, to discuss the budget, at which
meeting a public hearing on tax increases was held, reviewed the preliminary budget then,
and scheduled final hearings thereon beginning on November 21, 1996, 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, 1996, 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 1997 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 each separate 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. 96-46)
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 1997, 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, 1997.
PASSED by the City Council this 5th day of December, 1996.
APPROVED by the Mayor this 6th day of December, 1996.
ATTEST/AUTHENTICATE:
JANET K. WEST, Mayor
S&P. 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
October 18, 1996
December 5, 1996
December 11, 1996
December 11, 1996
January 1, 1996
EXHIBIT A
ORDINANCE NO. 96 - 46
APPROVING THE 1997 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
$9,295,883
2,014,556
776,590
38,516
77, 198
4,035,489
396,751
557,902
5,250,082
1,314,569
2,295,319
668,928
709,274
27,431,055
2,474,464
$29,905,52_~
ATTACHMENT TO
ORDINANCE 96-46
S UMMA R Y B Y FUND
1997 BUDGET TOTALS
001
101
103
104
105
110
201
203
301
401
402
403
501
FUND # FUND
CURRENT EXPENSE
STREETS
REAL ESTATE EXCISE
HOTEL / MOTEL
EQUIPMENT ACQUISITION
GRANTS
G O BOND
LID BOND
CAPITAL CONSTRUCTI ON
UTILITY
UTILITY
UTILITY
- WATER
- SEWER
- STORM WATER
SELF INSURANCE
TOTAL AVAILABLE TO CITY:
622+ MISC. TRUST, ETC.
OVERALLTOTALS:
ESTIMATED
BEGINNING NON-REV & EXPEND- NON-EXP &
BALANCE REVENUES TRANSFERS ITURES TRANSFERS
$2,252,462 $6,768,421 $275,000 $6,686,700 $2,067,614
114,165 750,390 1,150,000 1,837,298 146,113
148,580 628,010 750,000
19,466 19,050 18,000
7,111 187 69,900 77,198
93,839 2,178,696 1,762,954 3,961,235
1,079 31 395,640 396,640
237,093 320,808 294,833
771,040 79,042 4,400,000 3,010,000
438,343 694,445 181,781 930,8)0 255,836
1,126,329 791,226 377,764 1,133,053 331,094
258,577 341,460 68,891 304, 186 199, 955
525,692 27,399 156, 183 191,183
5,993,777 12,599,165 8,838,113
2,024,419 91,920 358, 125
18,841,197
3,750,613
1,058,125
BUDGETED
ENDING
BALANCE
$541,568
31,144
26,590
20,516
0
74,254
111
263,068
2,240,082
127,863
831,171
164,787
518,091
4,839,245
1,416,339
8,018,196 12,691,085 9,196,238 18,841,197 4,808,738 6,255,584