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ORD 2015-33 ADOPTING MID-BIENNIUM MODIFICATIONS TO THE FINAL BUDGET ENDING FISCAL YEAR 2016ORDINANCE NO. 2015-33 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, 2016, 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 2015 and 2016 on November 10, 2015; and WHEREAS, the City adopted Ordinance No. 2013-23 providing for a mid -biennial review of the budget; and WHEREAS, 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, 2016 (these dates being prior to the dates required by law); and WHEREAS, the modifications to the biennial budget were presented to the City Council at a City Council meeting on October 6, 2015, and were discussed at City Council meetings on October 27, 2015 and November 3, 2015; and WHEREAS, a public hearing was held concerning the modifications to the biennial budget on October 27, 2015 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 November 3, 2015 for the purpose of adopting a final budget for 2016 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 2016 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 (2016) 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 2016, 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, 2016. PASSED by the City Council this 3`d day of November, 2015. APPROVED by the Mayor this 3`d day of November, 2015. Anne S. Blair, Mayor ATTEST/AUTHENTICATE: Rosalind D. Lassoff, City Clerk FILED WITH THE CITY CLERK: September 22, 2015 PASSED BY THE CITY COUNCIL: November 3, 2015 PUBLISHED: November 6, 2015 EFFECTIVE DATE: January 1, 2016 ORDINANCE NO.: 2015-33 4 CITY OF BAINBRIDGE ISLAND 2016 MODIFIED BUDGET Exhibit A SUMMARY BY FUND ORDINANCE NO. 2016-33 MODIFYING THE 2016 BUDGET / lr7 %l T 11 110T0 2016 EXPENDITURES 001 GENERAL FUND 16,105,547 101 STREET FUND 3,038,976 103 REAL ESTATE EXCISE TAX FUND 2,473,794 104 CIVIC IMPROVEMENT FUND 160,000 108 AFFORDABLE HOUSING FUND 180,784 201 GO BOND FUND 2,650,500 203 LID BOND FUND 51,032 301 CAPITAL CONSTRUCTION FUND 2,777,000 401 WATER OPERATING FUND 1,424,473 402 SEWER OPERATING FUND 5,111,879 403 STORM & SURFACE WATER FUND 2,472,568 407 BUILDING & DEVELOPMENT FUND 2,097,329 TOTAL EXPENDITURES 38,543,882