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ORD 2011-19 ADOPTING THE FINAL BUDGET ORDINANCE NO. 2011-19 AN ORDINANCE of the City of Bainbridge Island, Washington adopting the final budget of the City for the fiscal year ending December 31, 2012, the second year of the -2012 biennial budget. WHEREAS , on September 27, 2011, the budget was submitted to the City Manager with estimates of revenues identified by source and expenditures requested by each department for the fiscal year ending December 31, 2012; and WHEREAS , the City Manager reviewed the estimates and made such changes and/or additions as she deemed appropriate, and on September 28, 2011, filed the proposed preliminary budget with the City Clerk; and WHEREAS , the proposed preliminary budget was presented to the City Council at a City Council meeting on September 28, 2011 and provided the City Council with current information on estimates of revenues from all sources as adopted in the budget for the current year and setting forth the complete financial program, showing expenditures requested by each department and sources of revenue by which each such program is proposed to be financed; and WHEREAS , the proposed preliminary budget was discussed at City Council meetings on October 5, October 12 and October 19, 2011, and the public was given an opportunity to comment on the proposed preliminary budget, including revenue sources, at each meeting; and WHEREAS , the City Manager filed the preliminary budget with the City Clerk on October 20, 2011; and WHEREAS , on October 28, 2011, the City Clerk published a notice that the preliminary budget was filed, and made copies of the preliminary budget available to the public; and WHEREAS , first reading of Ordinance No. 2011-19 occurred at the City Council meeting on October 26, 2011; and WHEREAS , on October 28, 2011 and November 4, 2011, the City Clerk published a notice of public hearing on the final budget; and WHEREAS , at the City Council meeting on November 9, 2011, second reading of Ordinance No. 2011-19 occurred and a public hearing was held concerning the budget 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 public hearing on November 9, 2011 was continued to the City Council meeting on November 16, 2011; and 1 WHEREAS , at the City Council meeting on November 21, 2011, the City Council reviewed the proposed final budget; now, therefore: THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON DOES ORDAIN AS FOLLOWS: SECTION 1. The final budget for the fiscal year 2012 is hereby adopted. The entire budget document is available through the office of the City Clerk for public inspection. SECTION 2. Attached hereto and identified as Exhibit B and Exhibit B1 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 City Manager 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 amount 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. The City Clerk shall transmit a complete copy of the final budget for 2012, as adopted, together with a copy of this ordinance, 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, 2012 after its passage, approval and publication as required by law. st PASSED by the City Council this 21 day of November, 2011. st APPROVED by the Mayor this 21 day of November, 2011. /s/ Kirsten Hytopoulos, Mayor ATTEST/AUTHENTICATE: /s/ Rosalind Lassoff, City Clerk 2 FILED WITH THE CITY CLERK: October 20, 2011 PASSED BY THE CITY COUNCIL: November 21, 2011 PUBLISHED: December 2, 2011 EFFECTIVE DATE: January 1, 2012 ORDINANCE NO.: 2011-19 3 CITY OF BAINBRIDGE ISLAND - 2012 CITY COUNCIL BUDGET SUMMARY BY FUND Exhibit B ORDINANCE NO. 2011-19 ADOPTING THE 2012 BUDGET 2012 EXPENDITURE CITY FUNDS 001GENERAL FUND15,619,413 101STREET FUND2,690,715 103REAL ESTATE EXCISE TAX FUND1,127,893 104CIVIC IMPROVEMENT FUND174,000 108AFFORDABLE HOUSING FUND- 151FAR-PUBLIC AMENITIES- 152FAR-FARMLAND/AGRICULTURE- 201GO BOND FUND2,750,381 203LID BOND FUND106,655 301CAPITAL CONSTRUCTION FUND2,477,000 302LID CAPITAL CONSTRUCTION FUND- 401WATER OPERATING FUND1,727,046 402SEWER OPERATING FUND5,766,746 403STORM & SURFACE WATER FUND2,571,279 407BUILDING & DEVELOPMENT FUND1,960,144 TOTAL EXPENDITURES36,971,272 CITY OF BAINBRIDGE ISLAND - 2012 CITY COUNCIL BUDGET SUMMARY BY FUND Exhibit B1 ORDINANCE NO. 2011-19 ADOPTING THE 2012 BUDGET 2012 REVENUES CITY FUNDS 001GENERAL FUND21,898,070 101STREET FUND2,690,767 103REAL ESTATE EXCISE TAX FUND1,127,893 104CIVIC IMPROVEMENT FUND284,571 108AFFORDABLE HOUSING FUND- 151FAR-PUBLIC AMENITIES38,844 152FAR-FARMLAND/AGRICULTURE58,265 201GO BOND FUND3,160,732 203LID BOND FUND127,860 301CAPITAL CONSTRUCTION FUND2,597,661 302LID CAPITAL CONSTRUCTION FUND21,825 401WATER OPERATING FUND6,465,311 402SEWER OPERATING FUND8,003,049 403STORM & SURFACE WATER FUND3,561,893 407BUILDING & DEVELOPMENT FUND1,960,178 TOTAL REVENUES51,996,918