ORD 2002-38 2003 FINAL BUDGET
ORDINANCE 2002 - 38
AN ORDINANCE OF THE CITY OF BAINBRIDGE ISLAND WASHINGTON ADOPTING
THE FINAL BUDGET OF THE CITY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2003.
WHEREAS, on August 27, 2002, the Finance Director submitted to the Mayor estimates
of revenues and all departments submitted requests for expenditures for the fiscal year ending
December 31, 2003, (these dates being on or prior to the dates required by law); and
WHEREAS, The Mayor reviewed the estimates and made such changes and/or additions
as she deemed appropriate, and on October 1, 2002, filed said revised preliminary budget
with the City Clerk, and this preliminary budget was presented to the City Council at a
special workshop meeting on October 1, 2002, and was discussed at its a special meetings on
October 8, 22 and 30, 2002, and regular meetings on November 13 and 20, 2002; and
WHEREAS., a public hearing was held concerning the budget beginning November 20, 2002
for the purpose of providing information to the public regarding the estimates and programs
contained in the preliminary budget and at which hearings 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 20, 2002, for the
purpose of fixing a final budget 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, DO ORDAIN AS FOLLOWS:
SECTION 1. The final budget for the fiscal year 2003 is hereby adopted in full. Three
copies of the entire budget document are to be placed on file with the office of the City Clerk
for public inspection.
SECTION 2. Attached hereto and identified as Exhibit A, in summary form, are the totals of
budgeted resources and uses for each separate fund and the aggregate totals for all such funds
combined.
SECTION 3. The final budget and the final budget document for the fiscal year 2003 shall
be reformatted according to the fund structure specified in ordinance 2002-43 and the City's
Finance Directer is directed to ensure that this is accomplished. The Mayor / Administration may
authorize transfers of budget authority within a department as needed but may not transfer budget
authority from one department to another without the prior approval of the City Council.
EXHIBIT A
ORDINANCE NO. 2002 - 38
ADOPTING mE 2003 BUDGET
BUDGET RESOURCES AND EXPENDITURES BY FUND :
FUND NO. FUND NAME EXPENDITURES
001 CURRENT EXPENSE FUND $8,958,228
101 STREETS FUND 2,714,187
103 REAL EST ATE EXCISE 0
104 HOTEL / MOTEL 63,412
108 AFFORDABLE HOUSING 208,500
201 G.O. BOND REGULAR LEVY 1,950,845
203 L.I.D. BOND FUND 274,500
301 CAPITAL CONSTRUCTION FUND 6,625,668
302 L.I.D. CONSTRUCTION FUND 2,000,000
401 UTILITY FUND - WATER 2,260,019
402 UTILITY FUND - SEWER 2,606,804
403 UTILITY FUND - STORM WATER 1,248,476
407 BUILDING & DEVELOPMENT SERVICES 3,172,011
501 SELF INSURANCE FUND 27,150
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TOT AL A V AILABLE TO THE CITY 32.109.800
600+ AGENCY FUNDS 0
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TOTAL EXPENDITURES 532.109.800
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 & Develop-
ment Services Fund receives substantial operating transfers from the Current Expense 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 Current Expense 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 2003, 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 6. This ordinance shall take effect on January 1, 2003.
PASSED by the City Council this 18th day of December, 2002.
APPROVED by the Mayor this 18th day of December, 2002.
ATTEST/AUTHENTICATE:
Vnro~ v.,~a~ e.i~~ ~
SUSAN P. KASPER, City Clerk
APPROVED AS TO FORM:
ROD P. KASEGUMA, City Attorney
PILED WITH THE CITY CLERK :
PASSED BY THE CITY COUNCIL:
PUBLISHED:
EFFECTIVE DATE:
ORDINANCE NO.:
September 30, 2002
December 18, 2002
December 25, 2002
January 1, 2003
2002-38