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ORD 2013-36 2013 FINAL BUDGET ADJUSTMENTSORDINANCE NO. 2013-36 AN ORDINANCE of the City of Bainbridge Island, Washington amending the 2013 Budget of the City and providing for uses not foreseen at the time the 2013 Budget was adopted. WHEREAS, on December 12, 2012, the City Council adopted the budget for 2013 by Ordinance No. 2012 -18; and WHEREAS, a number of situations have occurred during 2013 which require the City to expend money on items, projects and categories not included in the 2013 Budget; now, therefore, THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON, DOES ORDAIN AS FOLLOWS: Section 1. Ordinance No. 2012 -18 and the 2013 Budget are each amended as shown on the attached Exhibit A. Section 2. The City's Finance Director is authorized and directed by this ordinance to make the necessary changes to the 2013 Budget. The Finance Director is further directed to make sufficient interfund equity transfers from the appropriate funds to cover the added amounts authorized by this ordinance. Section 3. The Finance Director is authorized and directed to properly account for the Building and Development Services activities of the City and to transfer such expenditures as are appropriate under Generally Accepted Accounting Principles from the General Fund to the Building and Development Services Fund provided that such transfers do not authorize an increase in expenditures. Section 4. This ordinance shall take effect and be in force five days from and after its passage, approval and publication as required by law. PASSED by the City Council this I I 1 day of December, 2013. APPROVED by the Mayor this 11"' day of December, 2013 ATTEST / AUTHENTICATE: 1 CU 1 Ot.Q,I`.r�C�L� �lh'i D Rosalind D. Lassoff, City Clerk P kk—, - Steven Bonkowski, Mayor 1 FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: EFFECTIVE DATE: ORDINANCE NO: November 20, 2013 December 11, 2013 December 13, 2013 December 18, 2013 2013 -36 2 2013 BUDGET AMENDMENTS presented to City Council December 11, 2013 approved on December 11, 2013 Change to SUBJECT DESCRIPTION FUND / Department AMOUNT Appropriation Department of This items accepts a grant from the Department of Ecology and General Fund / 30,000 Increase. Ecology Grant increases appropriation authority to provide for the legal review of Planning and Source: General the Shoreline Master Program and a consistency analysis by Berk Community Fund Consulting. Development Mitigation Grant This item accepts a grant and provides appropriation authority for General Fund /Police 22,360 Increase from Squamish the Suquamish Tribe mitigation funds to fund equipment needs Department Source: General Tribe and training. Fund Interfund Loan This item provides additional appropriation authority to the General Fund / 500,000 Increase from General General Fund to provide for an interfund loan to the Capital General Government Source: General Fund to Capital Construction Fund. This interfund loan maintains necessary cash Fund Construction flow after expenditures are incurred and before grant revenues Fund are received. Employee This item transfers appropriation authority from the Planning From: Development 25,000 Internal transfer Separation Department to the General Government Department to cover Services Fund / Expenses routine expenses associated with employee separation. The Planning Department transfer is within the same fund, but crosses departments. To: Development Services Fund / General Government Additional This item provides appropriation authority to allow additional REET Fund / General 625,000 Increase. Expenditure from expenditure of Real Estate Excise Tax (REET) funds. The total Government Source: REET Fund REET Fund resources available in 2013 are anticipated to exceed the budgeted amount by $625,000. Wardwell This item provides 2013 appropriation authority for a project SSWM Fund / Public 60,000 Increase. Avenue originally planned for 2014. Works Source: SSWM Reconstruction Fund Supported by grant Yeomalt This item provides 2013 appropriation authority for a project SSWM Fund / Public 60,000 Increase. Conveyance originally planned for 2014. Works Source: SSWM Improvements Fund. Supported by grant Sunrise Drive This item provides appropriation authority and additional funding SSWM Fund / Public 22,000 Increase Culvert Repair for a slope repair project on Sunrise Drive. During the repairs Works Source: SSWM required by a slide, it was discovered that a culvert was in need of Fund replacement. Madison Avenue This item provides appropriation authority and funding for Water Fund / Public 35,000 Increase Water Main unanticipated costs associated with the Madision Avenue Water Works Source: Water Fund Main project. The increase is due to a change order required for replacing unsuitable trench backfill materials and unanticipated utility expenses encountered during construction Main Street Tax This item funds Economic Development (BIDA) in exchange for a Water Fund / 10,000 Increase Credit tax credit to be received in the following year by the water utility. Executive Department Source: Water Fund The future tax credit will affect Public Utility Tax and will be equal to 75% of the donation to BIDA. Main Street Tax This item provides a General Fund transfer in an amount equal to From: General Fund / 10,000 Internal transfer Credit the donation made to BIDA by the water utility under the main Finance Department street tax credit program. To: Water Fund / Executive Department