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ORD 2012-18 APPROVING 2013 ENDORSING 2014 BUDGETORDINANCE NO. 2012 -18 AN ORDINANCE of the City of Bainbridge Island, Washington adopting the final budget of the City for fiscal year ending December 31, 2013 and endorsing the final budget of the City for the fiscal year ending December 31, 2014. WHEREAS, on September 25, 2012, the budget was submitted to the Interim City Manager with estimates of revenues, and requests from all departments for expenditures for the fiscal year ending December 31, 2013 (these dates being prior to the dates required by law); and WHEREAS, the Interim City Manager reviewed the estimates and made such changes and /or additions as she deemed appropriate, and on September 26, 2012, filed the revised preliminary budget with the City Clerk, and WHEREAS, this preliminary budget was presented to the City Council at a City Council meeting on September 26, 2012, and was discussed at City Council meetings on October 3, 10 and 24, November 7, 14, 19 and 28, and December 5 and 12; and WHEREAS, a public hearing was held concerning the budget on November 7, 2012 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 City Council met regarding the proposed budget on December 12, 2012 for the purpose of adopting a final budget for 2013 and endorsing a final budget for 2014 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 DOES ORDAIN AS FOLLOWS: Section 1. The final budget for the fiscal year 2013 is hereby adopted in full, and the final budget for the fiscal year 2014 is endorsed. 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 (2013) and Exhibit B (2014) 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 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 S. A complete copy of the final budget for 2013, as adopted, and the final budget for 2014, as endorsed, 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, 2013. PASSED by the City Council this 12"' day of December, 2012. APPROVED by the Mayor this 12"' day of December, 2012, ATTEST /AUTHENTICATE: FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL PUBLISHED: EFFECTIVE DATE: ORDINANCE NO.: Debbi Lester, Mayor September 26, 2012 December 12, 2012 December 14, 2012 January 1, 2013 2012 -18 2 CITY OF BAINBRIDGE ISLAND - 2013 ADOPTED BUDGET EXHIBIT A SUMMARY BY FUND ORDINANCE NO. 2012 -18 ADOPTING THE 2013 BUDGET CITY FUNDS EXPENDITURE 001 GENERAL FUND 15,211,486 101 STREET FUND 3,369,198 103 REAL ESTATE EXCISE TAX FUND 1,1785060 104 CIVIC IMPROVEMENT FUND 10800 108 AFFORDABLE HOUSING FUND 91,950 151 FAR- PUBLIC AMENITIES - 152 FAR - FARMLAND /AGRICULTURE - 201 GO BOND FUND 217487799 203 LID BOND FUND 64,263 301 CAPITAL CONSTRUCTION FUND 2,921,000 302 LID CAPITAL CONSTRUCTION FUND - 401 WATER OPERATING FUND 1,306,1 13 402 SEWER OPERATING FUND 4,499,371 403 STORM & SURFACE WATER FUND 2,612,233 407 BUILDING & DEVELOPMENT FUND 2,101,936 TOTAL EXPENDITURES 36,2125409 CITY OF BAINBRIDGE ISLAND - 2014 ENDORSED BUDGET EXHIBIT B SUMMARY BY FUND ORDINANCE NO. 2012 -18 ENDORSING THE 2014 BUDGET 2014 CITY FUNDS EXPENDITURE 001 GENERAL FUND 101 STREET FUND 103 REAL ESTATE EXCISE TAX FUND 104 CIVIC IMPROVEMENT FUND 108 AFFORDABLE HOUSING FUND 151 FAR - PUBLIC AMENITIES 152 FAR- FARMLAND /AGRICULTURE 201 GO BOND FUND 203 LID BOND FUND 301 CAPITAL CONSTRUCTION FUND 302 LID CAPITAL CONSTRUCTION FUND 401 WATER OPERATING FUND 402 SEWER OPERATING FUND 403 STORM & SURFACE WATER FUND 407 BUILDING & DEVELOPMENT FUND TOTAL EXPENDITURES 17,302,400 2,972,955 1,178,060 108,000 91,950 2,747,046 45,883 1,327,000 1,644,891 6,061,432 2,432,990 2,169,15 7 38,081,763