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ORD NO. 2016-25 ADOPTING TWO-YEAR BIENNIAL BUDGETORDINANCE NO. 2016-25 AN ORDINANCE of the City of Bainbridge Island, Washington, adopting the final budget of the City for fiscal years ending December 31, 2017, and December 31, 2018. WHEREAS, on September 14, 2016, the budget was submitted to the City Manager with estimates of revenues and requests from all departments for expenditures for the fiscal year ending December 31, 2017 (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 September 19, 2018, filed the revised preliminary budget with the City Clerk, and WHEREAS, the preliminary budget was presented to the City Council at a City Council meeting on September 20, 2016, and was discussed and considered subsequently by the City Council at several Council meetings in September, October, and November 2016; and WHEREAS, a public hearing was held concerning the budget on November 7, 2016, 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 November 22, 2016, for the purpose of adopting a final budget for 2017 and a budget for 2018, 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 fiscal year 2017 is hereby adopted in full, and the budget for fiscal year 2018 is adopted. 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 (2017) and Exhibit B (2018), in summary form, are the totals of budgeted expenditures for each separate fund and the aggregate totals for all such funds combined. Section 3. 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. 1 CITY OF BAINBRIDGE ISLAND - 2017 PROPOSED BUDGET Exhibit A SUMMARY BY FUND ORDINANCE NO. 2016-25 ADOPTING THE 2017 BUDGET !'iTV RiiNilQ 2017 EXPENDITURES 001 GENERAL FUND 20,396,956 101 STREET FUND 3,091,802 103 REAL ESTATE EXCISE TAX FUND 2,625,120 104 CIVIC IMPROVEMENT FUND 200,000 108 AFFORDABLE HOUSING FUND 110,000 171 TRANSPORTATION BENEFIT FUND 402,000 173 TRANSPORTATION IMPACT FEE FUND - 201 GO BOND FUND 2,484,235 203 LID BOND FUND 49,339 301 CAPITAL CONSTRUCTION FUND 5,871,242 401 WATER OPERATING FUND 1,901,015 402 SEWER OPERATING FUND 4,493,310 403 STORM & SURFACE WATER FUND 2,778,356 407 BUILDING & DEVELOPMENT FUND 2,525,641 501 EQUIPMENT RENTAL & REVOLVING - TOTAL EXPENDITURES 46,929,016 CITY OF BAINBRIDGE ISLAND - 2018 PROPOSED BUDGET Exhibit B SUMMARY BY FUND ORDINANCE NO. 2016-25 ADOPTING THE 2018 BUDGET CITY FUNDS 2018 EXPENDITURES 001 GENERAL FUND 17,957,442 101 STREET FUND 3,384,073 103 REAL ESTATE EXCISE TAX FUND 2,600,120 104 CIVIC IMPROVEMENT FUND 200,000 108 AFFORDABLE HOUSING FUND 110,000 171 TRANSPORTATION BENEFIT FUND 401,500 173 TRANSPORTATION IMPACT FEE FUND 25,000 201 GO BOND FUND 2,425,140 203 LID BOND FUND 47,639 301 CAPITAL CONSTRUCTION FUND 11,775,000 401 WATER OPERATING FUND 2,525,279 402 SEWER OPERATING FUND 5,898,826 403 STORM & SURFACE WATER FUND 2,508,532 407 BUILDING & DEVELOPMENT FUND 2,687,906 501 EQUIPMENT RENTAL & REVOLVING 27,211 TOTAL EXPENDITURES 52,573,667 Section 4. A complete copy of the final budget for 2017, as adopted, and the final budget for 2018, as adopted, 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 5. This ordinance shall take effect on January 1, 2017. PASSED by the City Council this 22nd day of November, 2016. APPROVED by the Mayor this 22nd day of November, 2016. Vaf Tole ' Ma or z/ ATTEST/AUTHENTICATE: oyp►lihd�. DU� Rosalind D. Lassoff, City Clerk FILED WITH THE CITY CLERK: September 19, 2016 PASSED BY THE CITY COUNCIL: November 22, 2016 PUBLISHED: December 2, 2016 EFFECTIVE DATE: January 1, 2017 ORDINANCE NO.: 2016-25 2