ORD 2007-38 2008 BUDGETORDINANCE 2007-38
AN ORDINANCE OF THE CITY OF BAINBRIDGE ISLAND,
WASHINGTON ADOPTING THE FINAL BUDGET OF THE
CITY FOR FISCAL YEAR ENDING DECEMBER 31, 2008.
WHEREAS, on August 13, 2006, the Finance Director submitted to the Mayor estimates of
revenues and all departments submitted requests for expenditures for the fiscal year ending
December 31, 2008, (these dates being prior to the dates required by law); and
WHEREAS, The Mayor reviewed the estimates and made such changes and/or additions as
deemed appropriate, and on September 28, 2007, filed said revised preliminary budget with
the City Clerk, and this preliminary budget was presented to the City Council at a special
City Council meeting on October 1, 2007, and was discussed at its Council Meetings on
October 10, 24, November 14, 28 and special City Council meeting December 5; 12, 17 and
19 and
WHEREAS, a public hearing was held concerning the budget on November 28, 2007 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 will be heard who
appear for or against any part of said budget; and
WHEREAS, the City Council met regarding the proposed budget on December 19, 2007, for
the purpose of fixing a final budget and at which meeting the City Council made such
changes as it deems necessary and proper; now, therefore:
THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON
DOES ORDAIN AS FOLLOWS
SECTION I . The final budget for the fiscal year 2008 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 expenditures for each separate fund and the aggregate totals for all such funds
combined.
SECTION 3. The Mayor/Administration may authorize transfers of budget authority within a
department as needed but may not transfer budget authority from one department to another
without the prior approval of the City Council.
SECTION 4. 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 5. A complete copy of the final budget for 2008, 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 6. This ordinance shall take effect on January 1, 2008.
PASSED by the City Council this 19`" day of December, 2007.
APPROVED by the Mayor this 20t~' day of December, 2007.
DARLENE KORDONOWY, Mayor
ATTEST/AUTHENTICATE
~Oticx~il~ s .~`>SUr~
ROSALIND LASSOFF, ty Clerk
FILED WITH THE CITY CLERK: November 5, 2007
PASSED BY THE CITY COUNCIL: December 19, 2007
PUBLISHED: December 26, 2007
EFFECTIVE DATE: January 1, 2008
ORDINANCE NO.: 2007-38
CITY OF BAINBRIDGE ISLAND - 2008 FINAL BUDGET
SUMMARY BY FUND
EXHIBIT A
ORDINANCE NO. 2007-38
ADOPTING THE 2008 BUDGET
2008
CITY FUNDS EXPENDITURES
001 GENERAL FUND 18,933,021
101 STREE"C FUND 3,040,585
103 REAL ESTATE EXCISE TAX FUND -
104 CIVIC IMPROVEMENT FUND 94,775
108 AFFORDABLE HOUSING FUND 1,842,890
201 GO BOND FUND 2,092;500
203 LID BOND FUND -
301 CAPI"CAL CONSTRUCTION FUND 5,507,756
302 LID CAPITAL CONSTRUCTION FUND -
401 WA"CER OPERATING FUND 3,633,771
402 SEWER OPERATING FUND 12,424,499
403 STORM & SURFACE WATER 1'UND 3,583,025
407 DEVELOPMENT SERVICES FUND 3,120,734
TOTAL EXPENDITURES
_~
54,273,556
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