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ORD 97-18 BUDGET FOR CITY 1996ORDINANCE 97- 18 AN ORDINANCE OF THE CITY OF BAINBRIDGE ISLAND AMENDING THE 1996 BUDGET OF THE CITY (ORDINANCE 95-46) TO REFLECT CHANGES IN THE ACCOUNTING PRACTICES OF THE CITY MADE SINCE THE 1996 BUDGET WAS ADOPTED. THIS ORDINANCE APPROVES NO ADDITIONAL EXPENDITURES. WHEREAS, on December 7, 1995, the City Council adopted the budget for 1996 by Ordinance 95-46; and WHEREAS, on December 19, 1996, the City Council amended the budget for 1996 by Ordinance 96-52, to provide for expenditures not anticipated when the 1996 budget was approved; and WHEREAS, the City has changed its accounting practices since the budget for 1996 was adopted with the result that funds in which expenditures were budgeted no longer match the funds to which those same expenditures have been charged; now, therefore, THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION 1. Ordinances 95-46 and 96-52 and the 1996 budget are each amended as shown on the attached Exhibit A. SECTION 2. The City's Finance Director is authorized and directed by this ordinance to make the necessary changes to the 1996 Budget. SECTION 3. This ordinance authorizes no expenditures over and above those expenditures previously authorized. SECTION 4. A copy of this ordinance shall be transmitted to the Division of Municipal Corporations in the Office of the Washington State Auditor and to the Association of Washington Cities. SECTION 5. This ordinance shall take effect and be in force five days from and after its passage, approval, publication and posting as required by law. PASSED by the City Council this 15th day of May, 1997. APPROVED by the Mayor this 16th day of May, 1997. J,~M~ET K. {V'~SF', M~a6r ATTEST / AUTHENTICATE: SUSAN P. KASPER, City Clerk APPROVED AS TO FORM: ROD P. KASEGUMA, City Attorney FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: EFFECTIVE DATE: ORDINANCE 97- 18 April22,1997 May15,1997 June 11,1997 June 16, 1997 EXHIBIT A ORDINANCE 97 - 11 AMENDING THE 1996 BUDGET BUDGET AMENDMENTSBY FUND: FUND NO. FUND NAME / CHANGE BUDGETED AMOUNTS 001 CURRENT EXPENSE FUND BEGINNING BALANCE $1,223,085 Adjust beginning balance REVENUES 6,122,931 Grant Fund Rev. Now Recorded in This Fund EXPENDITURES 7, 518,787 New City Hall Property Acquisition Debt Issuance Cost Grant Fund Exp. Now Recorded in This Fund OTHER FINANCING USES 951,771 Operating Transfer to 101 (Add'l Roads Projects) Grant Match No Longer Required 101 STREETS FUND BEGINNING BALANCE Adjust beginning balance OTHER FINANCING SOURCES LTGO Bond Proceeds Operating Transfer from 001 (Add'l Roads Projects) Transfer from 103 (Share of Roads Projects) Transfer Fund 103 Contribution for Roads Projects Transfer from 301 (Roads Projects) EXPENDITURES PW Road Contract Amend's (from 103) OTHER FINANCING USES Grant Match Now Recorded in This Fund 1,129,886 1,000,000 2,274,334 95,496 CHANGE $400,000 123,236 (981,000) (40,000) 298,851 400,000 (50,617) (600,000) (1,000,000) 400,000 300,000 250,000 300,000 150,000 (68,296) OFFSETTING FUND n/a 110 301 301 110 101 110 103 301 001 103 110 301 103 110 PAGE 1 AMENDED AMOUNTS $1,623,085 6,246,167 6,796,638 1,301,154 529,886 1,250,000 2,424,334 27,200 EXHIBIT A ORDINANCE 97 - 11 AMENDING THE 1996 BUDGET BUDGET AMENDMENTSBY FUND: FUND NO. 103 FUND NAME / CHANGE REAL ESTATE EXCISE TAX FUND BEGINNING BALANCE Adjust beginning balance EXPENDITURES Share of Public Works Facility Cost PW Road Contract Amend's (to 101) Drainage Projects (to 403) OTHER FINANCING USES Transfer to 101 (Share of Roads Projects) Funding for Share of Public Works Facility Drainage Project Funding (to 403) BUDGETED AMOUNTS $258,345 859,238 250,O00 110 GRANTS FUND REVENUES Revenue Now Recorded in Fund 001 Revenue Now Recorded in Fund 301 Revenue Now Recorded in Fund 401 1,243,095 OTHER FINANCING SOURCES 1,041,559 PWTF Loan Proceeds Transfer of Grant Match No Longer Required Transfer of Grant Match No Longer Required Fund 103 Grant Match Transferred to Fund 101 Transfer of Grant Match No Longer Required Transfer of Grant Match No Longer Required Transfer of Grant Match No Longer Required CHANGE $6OO,O0O (520,607) (150,000) (188,631) 300,000 520,607 300,000 (123,236) (994,859) ( 25,0oo) (504,900) (5o,617) (68,296) (250,000) (34,549) (59,098) (74,098) OFFSETTING FUND 101 301 101 4O3 101 301 4O3 001 001 001 301 001 101 101 401 402 4O3 PAGE 2 AMENDED AMOUNTS $858,345 1,370,607 0 EXHIBIT A ORDINANCE 97 - 11 AMENDING THE 1996 BUDGET BUDGET AMENDMENTSBY FUND: FUND NO. 110 FUND NAME / CHANGE GRANTS FUND (CONTINUED) EXPENDITURES Grant Fund Exp. Now Recorded Fund 001 Grant Fund Exp. Now Recorded Fund 301 Grant Fund Exp. Now Recorded Fund 401 301 CAPITAL CO NSTRUCTIONFUND BEGINNING BALANCE Adjust beginning balance REVENUES Grant Revenue Now Recorded in Fund 301 OTHER FINANCING SOURCES LTGO Bond Proceeds Funding for Share of Public Works Facility PWTF Loan Proceeds EXPENDITURES New City Hall Property Acquisition Debt Issuance Cost Share of Public Works Facility Cost Grant Fund Exp. Now Recorded Fund 301 OTHER FINANCING USES Transfer to 101 (Roads Projects) BUDGETED AMOUNTS $444,391 $2,240 133 753,470 20,850 747,470 CHANGE ($298,851) (20,540) (125,000) $350,000 994,859 2,000,000 520,607 504,900 981,000 40,000 520,607 20,540 300,000 OFFSETTING FUND 001 301 401 n/a 110 t01 103 110 001 001 101 110 101 PAGE 3 AMENDED AMOUNTS $0 $352,240 994,992 3,778,977 1,582,997 1,047,470 EXHIBIT A ORDINANCE 97 - 11 AMENDING THE 1996 BUDGET BUDGET AMENDMENTSBY FUND: FUND NO. 401 FUND NAME / CHANGE UTILITY FUND - WATER REVENUES Grant Revenue Now Recorded in Fund 401 EXPENDITURES Grant Exp - Water System Plan OTHER FINANCING USES Transfer of Grant Match No Longer Required BUDGETED AMOUNTS 695,747 1,493,227 120,282 402 403 UTILITY FUND - SEWER OTHER FINANCING USES Transfer of Grant Match No Longer Required UTILITY FUND - STORM WATER OTHER FINANCING SOURCES Drainage Project Funding (from 103) EXPENDITURES Drainage Projects (budgeted in 103) OTHER FINANCING USES Transfer of Grant Match No Longer Required 341,599 20,591 $20,850 106,689 SUMMARY OF ALL FUNDS: BEG INNING BALANCES Adjustment to Current Expense Fund 001 Adjustment to Streets Fund 101 Adjustment to R/E Excise Tax Fund 103 Adjustment to Capital Construction Fund 301 7,697,619 CHANGE 125,000 125,000 (34,549) (59,098) 300,000 $188,631 (74,098) 400,000 (600,000) 600,000 350,O00 OFFSETTING FUND 110 110 110 110 103 103 110 PAGE 4 AMENDED AMOUNTS 820,747 1,618,227 85,733 282,501 320,591 $209,481 32,59t 8,447,619 EXHIBIT A ORDINANCE 97 - 11 AMENDING THE 1996 BUDGET FUND NO. FUND NAME/CHANGE BUDGETED AMOUNTS SUMMARY OF ALL FUNDS (CONTINUED): REVENUES $10,953,748 Grant Fund Recorded in C/E Fund 00] Grant Revenue Now Recorded in Other Funds Grant Fund Recorded in Constr. Fund 301 Grant Fund Recorded in Water Fund 401 OTHER FINANCING SOURCES Adjustments to Streets Fund 101 Adjustments to Grants Fund 110 Adjustments to Capital Constr. Fund 301 Drainage Project Funding (from 103) 5,466,427 EXPENDITURES Adjustments to Current Expense Fund 001 Adjustments to Streets Fund 101 Adjustments to R/E Excise Tax Fund 103 Adjustments to Grants Fund 110 Adjustments to Capital Constr. Fund 301 Grant Exp - Water System Plan (Fund 401) Drainage Projects (Fund 403 - budgeted in 103) 15,536,119 OTHER FINANCING USES Adjustments to Current Expense Fund 001 Grant Match Now Recorded in Fund 101 Adjustments to R/E Excise Tax Fund 103 Transfer of Grant Match (Fund 401) Transfer of Grant Match (Fund 402) Transfer of Grant Match (Fund 403) Transfer to 101 (Roads Projects) 2,658,057 CHANGE $123,236 (1,243,095) 994,859 125,000 250,000 (1,041,559) 3,025,507 300,000 (722,149) 150,000 (859,238) (444,391) 1,562,147 125,000 188,631 349,383 (68,296) 1,120,607 (34,549) (59,098) (74,098) 300,0O0 OFFSETTING FUND PAGE 5 AMENDED AMOUNTS $10,953,748 8,000,375 15,536,119 4,192,005