Loading...
ORD 2013-37 MID BIENNIUM ADJUSTMENTS FY 2014ORDINANCE NO. 2013-37 AN ORDINANCE of the City of Bainbridge Island, Washington adopting mid - biennium modifications to the final budget of the City for fiscal year ending December 31, 2014, the second year of the biennial budget. WHEREAS, the City of Bainbridge Island adopted Ordinance No. 2008 -11 providing for a biennial budget process for years after 2010; and WHEREAS, the City of Bainbridge Island adopted a biennial budget for 2013 and 2014 on December 12, 2012; and WHEREAS, on July 24, 2013, the City adopted Ordinance No. 2013 -23 providing for a mid - biennial review of the budget; and WHEREAS, on September 25, 2013, modifications to the budget were submitted to the City Manager with estimates of revenues, and requests from all departments for expenditures for the fiscal year ending December 31, 2014 (these dates being prior to the dates required by law); and WHEREAS, the City Manager reviewed the estimates and made such changes and /or additions as he deemed appropriate, and on November 1, 2013, filed the revised preliminary modifications with the City Clerk, and WHEREAS, the modifications to the biennial budget were presented to the City Council at a City Council meeting on November 6, 2013, and were discussed at City Council meetings on November 13, 20, 25 and December 11; and WHEREAS, a public hearing was held concerning the modifications to the biennial budget on December 11, 2013 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 modifications to the biennial budget on December 11, 2013 for the purpose of adopting 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 budget for the fiscal year 2014 is hereby modified and adopted as the result of the City's mid - biennium review. The entire modified budget document is to be placed on file with the office of the City Clerk for public inspection. Section 2. Attached hereto as Exhibit A (2014) are the totals of budgeted expenditures for each separate fund and the aggregate totals for all such funds combined in summary form for the modified budget. Section 3. The City Manager may authorize transfers of budget authority within a fund as needed but may not transfer budget authority from one fund 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 2014, as modified by the mid - biennium review, 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, 2014. PASSED by the City Council this l It" day of December, 2013. APPROVED by the Mayor this l lt" day of December, 2013. S ven Bonkowski, Mayor ATTEST /AUTHENTICATE: IYV�C �-_ X550 -i- Rosalind D. Lassoff, City Jerk FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: EFFECTIVE DATE: ORDINANCE NO.: November 20, 2013 December 11, 2013 December 13, 2013 January 1, 2014 2013 -37 2 CITY OF BAINBRIDGE ISLAND - 2014 CITY COUNCIL BUDGET Exhibit A SUMMARY BY FUND ORDINANCE NO. 2013 -37 ADOPTING THE 2014 BUDGET CITY FUNDS 2014 EXPENDITURES 001 GENERAL FUND 17,808,551 101 STREET FUND 3,057,930 103 REAL ESTATE EXCISE TAX FUND 1,578,060 104 CIVIC IMPROVEMENT FUND 110,000 108 AFFORDABLE HOUSING FUND 77,582 151 FAR - PUBLIC AMENITIES - 152 FAR - FARMLAND /AGRICULTURE - 201 GO BOND FUND 2,685,530 203 LID BOND FUND 45,883 301 CAPITAL CONSTRUCTION FUND 5,415,000 302 LID CAPITAL CONSTRUCTION FUND - 401 WATER OPERATING FUND 1,381,716 402 SEWER OPERATING FUND 8,403,063 403 STORM & SURFACE WATER FUND 2,789,627 407 BUILDING & DEVELOPMENT FUND 2,129,062 TOTAL EXPENDITURES 45,482,003