ORD 2003-39 2004 FINAL BUDGET ADOPTION CITY OF BAINBRIDGE ISLAND -- 2004 DRAFT FINAL BUDGET
ORDINANCE 2003 - 39
AN ORDiNANCE OF THE CITY OF BAINBRIDGE ISLAND WASHINGTON ADOPTING
THE FINAL BUDGET OF THE CITY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.
WHEREAS, on August 27, 2003, the Finance Director submitted to the Mayor estimates
of revenues and all departments submitted requests for expenditures for the fiscal year ending
December 31, 2004, (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, 2003, 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, 2003, and was discussed at its a special meetings on
October 15, and 29, 2003, and regular meetings on November 12 and 26, 2003; and
WHEREAS, a public hearing was held concerning the budget beginning November 26, 2003
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 26, 2003, 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 2004 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 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.
CITY OF BAINBRIDGE ISLAND -- 2004 DRAFT FINAL BUDGET
SECTION 4. The amounts show for Legal and Litigation expenditures shall not be spent
for any other purpose.
SECTION 5. 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 fi'om 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 6. A complete copy of the final budget for 2004, 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 7. This ordinance shall take effect on January 1, 2004.
PASSED by the City Council this 10th day of December, 2003.
APPROVED by the Mayor this 10th day of December, 2003.
ATTEST/AUTHENTICATE: DARLENE KO~DONO3NY, Ma~
APPROVED AS TO FORM:
ROD P. KASEGUMA, City Attorney
FILED WITH THE CITY CLERK: September 30, 2003
PASSED BY THE CITY COUNCIL: December 10, 2003
PUBLISHED: rL:nzemb~ 24~ 2003
EFFECTIVE DATE: January 1, 2004
ORDINANCE NO.: 2003-39
CITY OF BAINBRIDGE ISLAND -- 2004 DRAFT FINAL BUDGET
EXHIBIT A
ORDINANCE NO. 2003 - 39
ADOPTING THE 2004 BUDGET
BUDGET RESOURCES AND EXPENDITURES BY FUND:
FUND NO. FUND NAME EXPENDITURES
001 CURRENT EXPENSE FUND $9,963,333
101 STREETS FUND 2,731,402
103 REAL ESTATE EXCISE 0
104 HOTEL / MOTEL 60,000
108 AFFORDABLE HOUSING 272,500
201 G.O. BOND REGULAR LEVY 2,022,919
203 L.I.D. BOND FUND 168,500
301 CAPITAL CONSTRUCTION FUND 8,509,058
302 L.I.D. CONSTRUCTION FUND 5,130,000
401 UTILITY FLrND - WATER 2,278,609
402 UTILITY FUND - SEWER 1,670,931
403 UTILITY FUND - STORM WATER 1,100,289
407 BUILDING & DEVELOPMENT SERVICES 2,802,283
36.709.825
TOTAL AVAILABLE TO THE CITY
0
600 + AGENCY FUNDS
TOTAL EXPENDITURES $36.709.825