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ORD NO. 2019-28 ADOPTING MID-BIENNIUM MODIFICATIONS TO THE FINAL BUDGET ENDING DECEMBER 2020ORDINANCE NO. 2019-28 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, 2020, which is 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, on November 27, 2018, the City of Bainbridge Island adopted a biennial budget for 2019 and 2020; 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 based on requests from all departments for expenditures for the fiscal year ending December 31, 2020 (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 1, 2019; and WHEREAS, on October 22, 2019, pursuant to Chapter 2.82 of the Bainbridge Island Municipal Code and RCW 35A.34.130, the City Council held a public hearing regarding this ordinance and the proposed modifications to the biennial budget; and WHEREAS, the City Council met regarding the proposed modifications to the biennial budget on November 12, 2019, for the purpose of adopting a final budget for 2020 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 2020 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 (to the 2020 Modified Budget) 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. Page 1 of 2 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 and Development Services Fund are not clearly fixed and because the Building and Development Services Fund receives operating transfers from the General Fund, this Budget authorizes additional amounts to be spent from the Building and .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 2020, 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, 2020. PASSED by the City Council this 12th day of November, 2019. APPROVED by the Mayor this 12th day November, 2019. ATTEST/AUTHENTICATE: Christine Brown, , City Clerk FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: EFFECTIVE DATE: ORDINANCE NO.: ATTACHED: EXHIBIT A Kol Medina, Mayor October 1, 2019 November 12, 2019 November 15, 2019 January 1, 2020 2019-28 Page 2 of 2 CITY OF BAINBRIDGE ISLAND - 2020 MODIFIED BUDGET SUMMARY BY FUND Exhibit A ORDINANCE NO. 2019-28 2020 CITY FUNDS EXPENDITURES 001 GENERALFUND 18,581,779 101 STREET FUND 3,804,319 103 REAL ESTATE EXCISE TAX FUND 2,788,126 104 CIVIC IMPROVEMENT FUND 275,000 108 AFFORDABLE HOUSING FUND 114,500 171 TRANSPORTATION BENEFIT FUND 402,000 173 TRANSPORTATION IMPACT FEE FUND 117,000 201 GO BOND FUND 1,466,157 203 LID BOND FUND 44,179 301 CAPITAL CONSTRUCTION FUND 6,112,000 401 WATER OPERATING FUND 2,819,553 402 SEWER OPERATING FUND 4,569,126 403 STORM & SURFACE WATER FUND 2,843,929 407 BUILDING & DEVELOPMENT FUND 3,369,762 501 EQUIPMENT RENTAL & REVOLVING 83,148 TOTAL EXPENDITURES 47.390.578