ORD 98-45 ADOPT FINAL BUDGET 1999ORDINANCE 98 -- 45
AN ORDINANCE OF THE CITY OF BAINBRIDGE ISLAND ADOPTING
THE FINAL BUDGET OF THE CITY FOR THE FISCAL YEAR ENDING
DECEMBER 31, 1999.
WHEREAS, on August 4, 1998, the Finance Director submitted to the Mayor
estimates of revenues and expenditures for the fiscal year ending December 31,
1999, (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 he deemed appropriate, and on November 2, 1998 (the date required
by law), filed said revised preliminary budget with the City Clerk, and this
preliminary budget was presented to the Finance Committee of the City Council at
its regular meeting on November 1 I, 1998 and at special meetings on November 18
and 23 1998, and
WHEREAS, the City Council met on November 19, 1998, to discuss the budget, and
also on November 10, 1998, at which meeting a public hearing on tax increases was
held, reviewed the preliminary budget then, and scheduled final hearings thereon
beginning on December 3, 1998, for the purpose of providing information to the
public regarding the estimates and programs contained in the preliminary budget
and at which hearings 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 3, 1998, 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 1999 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. The City's Finance Director is instructed to adjust the fund
distribution of revenues and expenditures as shown in the Private Development
Fund initiative described within the Budget, including the transfer of money from the
Current Expense Fund, provided that such adjustments do not change the total
amounts of revenues or expenditures authorized.
SECTION 4. A complete copy of the final budget for 1998, 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, 1999.
PASSED by the City Council this 17th day of December, 1998.
APPROVED by the Mayor this 21 st day of December, 1998.
ATTEST/AUTHENTIC ATE:
Dwigh}t Sutton, Mayor
S~S~p KASp(/~.ER, City Cl/~edjerk
APPROVED AS TO FORM:
ROD P. KASEGUMA, City Attorney
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
PUBLISHED:
POSTED:
EFFECTIVE DATE:
ORDINANCE 98 - 45
October 30, 1998
December 17, 1998
December 23, 1998
December 23, 1998
January 1, 1999
ATTACHMENT TO
ORDINANCE 98-45
SUMMAR YB Y FUND - 1999 BUDGET TOTALS
FUND # FUND
001 CURRENT EXPENSE
101 STREETS
103 REAL ESTATE EXCISE
104 HOTEL / MOTEL
107 PRIVATE DEVELOPMENT
201 G O BOND
203 I~ID BOND
301 CAPITAL CONSTRUCTION
302 L.I.D. CAPITAL CONSTR'N
401 UTILITY- WATER ***
402 UTILITY- SEWER ***
403 UTILITY - STORM WTR ***
501 SELF INSURANCE
TOTAl. AVAILABLE TO CITY:
622+
MISC. TRUST, ETC.
OVERALL TOTALS:
ESTIMATED B UDG ETE D
BEGINNING NON-REV & EXPEND- NON-EXP & ENDING
BALANCE REVENUES TRANSFERS ITURES TRANSFERS BALANCE
$2,209,290 $7,860,690 $185,000 $7,538,154 $1,442,798 $1,274,028
331,603 955,625 650,000 1,503,606 28,242 405,379
2,504,73 1 980,750 2,660,723
824,758
24,279 36, 125 35,000 25,404
3,370
0 1,209,320 400,000 1,562, 124
125 1,264,810 1,265,810
47,196
2,495
370,871 271,975 252,410 390,436
8,646,148 2,154,865 1,554,900 11,976,808
0 0 0 0
379,105
640,224 1,045,225 461,148 1,567,584 135,260 443,753
1,363,638 1,052,675 687,539 1,563,83 1 195, 160 1,344,861
286,740 342,425 486,369 1,033,138 39,272 43, 124
498,631 22,375 170,596 195,596
496,006
*** NOTE: The balances shown for utilities represent total working capital instead of fund equity.
Correspondingly, expenses include capital purchases and omit non-cash expenses.
n/a 2,000 455,3 00 455,300 n/a
16,879,525 15,934,175 6,315,662 28,494,062 4,956,754 5,676,545
16,879,525 15,932,175 5,860,362 28,494,062 4,501,454 5,676,545
EXHIB IT A
ORDINANCE NO. 98 - 45
APPROVING THE 1999 BUDGET
BUDGET RESOURCES AND EXPENDITURES BY FUND:
FUND N0. FUND NAME
RESOURCES / USES
001
CURRENT EXPENSE FUND
$10,254,980
101 STREETS FUND
1,937,228
103
REAL ESTATE EXCISE
3,485,481
104
HOTEL / MOTEL
60,404
107
PRIVATE DEVELOPMENT
1;609,320
201
G.O. BOND REGULAR LEVY
1,268,305
203
L.I.D. BOND FUND
642,846
301
CAPITAL CONSTRUCTION FUND
12,355,913
302
L.I.D. CONSTRUCTION FUND
401
UTILITY FUND - WATER
2,146,597
402
UTILITY FUND - SEWER
3,103,852
403
UTILITY FUND - STORM WATER
1,115,534
501
SELF INSURANCE FUND
691,602
TOTAL AVAILABLE TO THE CITY
38,672,06 1
622+ M]SC., TRUST, ETC.
455,300
TOTAL RESOURCES / USES $39,127,361