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Ordinance No. 2022-19 Adopting Biennial Budget for FY 2023-2024 (Adopted 110822)Page 1 of 3 ORDINANCE NO. 2022–19 AN ORDINANCE of the City of Bainbridge Island, Washington, adopting the final budget of the City for fiscal years ending December 31, 2023, and December 31, 2024. WHEREAS, on September 9, 2022, in accordance with state law, the budget was submitted to the City Manager with estimates of revenues and requests from all departments for expenditures for the fiscal years ending December 31, 2023, and December 31, 2024; and WHEREAS, the City Manager reviewed the estimates and made such changes and/or additions as deemed appropriate, and on September 23, 2022, filed the revised preliminary budget with the City Clerk; and WHEREAS, the preliminary budget was presented to the City Council at Council meetings on September 13 and 27, 2022, and was discussed and considered subsequently by the Council at several Council meetings in October 2022; and WHEREAS, a public hearing was conducted concerning the preliminary budget on October 11, 2022, for the purpose of providing information to, and hearing from, 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, after hearing and duly considering relevant information provided to the Council regarding the preliminary budget, and after making changes to the preliminary budget as deemed necessary and proper, conducted a public hearing for consideration of the final budget on November 8, 2022, and at which hearing all taxpayers were heard who appeared for or against any part of said budget; and WHEREAS, the City Council, after hearing and duly considering relevant information and testimony presented, and after making changes to the proposed budget as deemed necessary and proper, is prepared via this ordinance to adopt the final budget for fiscal years ending December 31, 2023, and December 31, 2024. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON, DOES ORDAIN AS FOLLOWS: Section 1. The final budget for fiscal years ending December 31, 2023, and December 31, 2024, is hereby adopted in full. The entire budget document is to be placed on file with the office of the City Clerk for public inspection. Section 2. Attached hereto and identified as Exhibit A (2023) and Exhibit B (2024), in summary form, are the totals of budgeted expenditures for each separate fund and the aggregate totals for all such funds combined. Page 2 of 3 Section 3. Because the amounts of revenues and expenditures to be recorded in the Building & Development Services Fund are not clearly fixed, and because the Building & Development Services Fund receives operating transfers from the General Fund, this budget authorizes additional amounts to be spent from the Building & Development Services Fund and to be covered by additional operating transfers from the General Fund, provided that the total expenditures for these two funds shall be no more than the amount authorized by this ordinance. Section 4. A complete copy of the final budget for fiscal years ending December 31, 2023, and December 31, 2024, 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. Severability. Should any section, paragraph, sentence, clause, or phrase of this ordinance, or its application to any person or circumstance, be declared unconstitutional or otherwise invalid for any reason, or should any portion of this ordinance be preempted by state or federal law or regulation, such decision or preemption shall not affect the validity of the remaining portions of this ordinance or its application to other persons or circumstances. Section 6. This ordinance shall take effect on January 1, 2023. PASSED by the City Council this 8th day of November, 2022. APPROVED by the Mayor this 8th day of November, 2022. Joe Deets, Mayor ATTEST/AUTHENTICATE: Christine Brown, MMC, City Clerk Page 3 of 3 FILED WITH THE CITY CLERK: September 9, 2022 PASSED BY THE CITY COUNCIL: November 8, 2022 PUBLISHED: November 18, 2022 EFFECTIVE DATE: January 1, 2023 ORDINANCE NO.: 2022-19 Attachments: Exhibits A and B CITY OF BAINBRIDGE ISLAND - 2023 PROPOSED BUDGET SUMMARY BY FUND Exhibit A ORDINANCE NO. 2022-19 2023 EXPENDITURESCITY FUNDS 23,070,793GENERAL FUND001 2,899,533STREET FUND101 2,448,840REAL ESTATE EXCISE TAX FUND103 350,000CIVIC IMPROVEMENT FUND104 215,133AFFORDABLE HOUSING FUND108 1,377,258TRANSPORTATION BENEFIT FUND171 2,064,000ARPA FUND199 1,590,415GO BOND FUND201 39,075LID BOND FUND203 10,127,191CAPITAL CONSTRUCTION FUND301 15,045,402WATER OPERATING FUND401 6,617,349SEWER OPERATING FUND402 4,627,445STORM & SURFACE WATER FUND403 3,292,829BUILDING & DEVELOPMENT FUND407 1,170,000EQUIPMENT RENTAL & REVOLVING501 74,935,263TOTAL EXPENDITURES CITY OF BAINBRIDGE ISLAND - 2024 PROPOSED BUDGET SUMMARY BY FUND Exhibit B ORDINANCE NO. 2022-19 2024 EXPENDITURESCITY FUNDS 26,324,897GENERAL FUND001 4,110,936STREET FUND101 3,227,064REAL ESTATE EXCISE TAX FUND103 350,000CIVIC IMPROVEMENT FUND104 2,230,565AFFORDABLE HOUSING FUND108 603,337TRANSPORTATION BENEFIT FUND171 2,020,000ARPA FUND199 927,665GO BOND FUND201 5,065,596CAPITAL CONSTRUCTION FUND301 3,547,178WATER OPERATING FUND401 6,515,759SEWER OPERATING FUND402 3,969,038STORM & SURFACE WATER FUND403 3,550,834BUILDING & DEVELOPMENT FUND407 770,000EQUIPMENT RENTAL & REVOLVING501 63,212,869TOTAL EXPENDITURES