013-18 - Ordinance - Amending Biennial Budget for 2017-2018 as adopted by Ordinance No 040-16ORDINANCE NO. 013-18
AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON,
AMENDING THE BIENNIAL BUDGET FOR THE YEARS 2017 - 2018 AS
ADOPTED BY ORDINANCE NO. 040-16 TO RECOGNIZE EXPENDITURES
AND REVENUES NOT ANTICIPATED AT THE TIME OF THE ADOPTION OF
THE 2017 - 2018 BIENNIAL BUDGET; PROVIDING FOR PUBLICATION;
AND SETTING AN EFFECTIVE DATE.
WHEREAS, the City of Port Orchard adopted its 2017 - 2018 Biennial Budget in
Ordinance No. 040-16 and subsequently amended by Ordinance No. 010-17, Ordinance
No. 013-17, Ordinance No. 025-17, Ordinance No. 030-17 and Ordinance No. 045-17;
and
WHEREAS, the City desires to keep current on budget amendments; and
WHEREAS, it is necessary to make adjustments to accounts and/or Funds by
means of appropriation adjustments that could not have been anticipated at the time of
passage of the 2017 - 2018 Biennial Budget, as provided in RCW 35A.33.120; and
WHEREAS, the City passed Ordinance No. 021-17 issuing $5,865,000 of Limited
General Obligation Bonds to provide funds: (i) to pay for a portion of the Tremont
Widening Project, including making certain improvements to Tremont Street and related
public infrastructure; (ii) to pay for the City's share of costs of various utility
undergrounding projects and other capital projects; and (iii) to pay the costs of issuance
and sale of bonds. Ordinance 021-17 section l(v) defines "projects" as meaning the
Tremont Widening Project, including making certain improvements to Tremont Street
and related public infrastructure, and other capital purposes, as deemed necessary and
advisable by the City; and
WHEREAS, the City also passed Ordinance 025-17 adding revenue from Bond
funds in the amount of $5,800,000, for a portion of the Tremont Widening Construction
project, in Street Capital Construction Fund No. 304; and
WHEREAS, bond proceeds have certain expenditure spending requirements and
expectations to be exempt from yield restrictions; and
WHEREAS, the City is constructing McCormick Woods Park Phase II and awarded
a construction contract of $1,321,031 at the April 10, 2018 Council meeting. The
contract award was $365,581 more than those funds budgeted in the 2017-2018
Biennial Budget; and
Ordinance No. 013-18
Page 2 of 3
WHEREAS, the McCormick Woods Park Project is currently funded with Real
Estate Excise Taxes, Park Impact Fees, and State RCO grant funds; and
WHEREAS, the McCormick Woods Park Project is included in the City's Capital
Parks plan and is considered a capital purpose and deemed necessary and advisable by
the City, making it an eligible project as defined by Ordinance 021-17, and thus is an
allowable use of Bond fund proceeds; and
WHEREAS, the Tremont Widening Construction Project is in the City's
Transportation Plan and is eligible for Real Estate Excise Tax; and
WHEREAS, in order to accomplish two goals, of meeting bond spending
requirements and fully funding the McCormick Woods Park Project, the finance
department recommends appropriating bond funds for the McCormick Woods Park
Project and appropriating Real Estate Excise Tax Funds for the Tremont Widening
project. The Tremont Widening project will continue to be funded at the same level and
the bond proceeds will be used to fund and complete the McCormick Woods Park
Project; and
WHEREAS, the City wishes to properly allocate bond funds and debt for the
storm drainage portion of the Tremont Widening construction project to the Storm
Drainage Utility. The funds will be moved from Street Capital Projects Fund No. 304 to
Storm Drainage Utility Fund No. 421, and the expense for the 2018 debt payment will be
realigned appropriately; and
WHEREAS, the contract for the Well No. 9 project was awarded at the April 10,
2018 Council meeting. The contract is $239,000 more than the amount contemplated in
the 2017-2018 biennial budget. A transfer from Cumulative Reserve for Water Sewer
Fund No. 403 to Water Sewer Utility Fund No. 401 is needed to accommodate the
contract price; now, therefore,
THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, DO
ORDAIN AS FOLLOWS:
SECTION 1. The 2017 - 2018 Biennial Budget is amended to reflect the following:
(1) Estimated Revenues:
a) $157,815 reduction to 2003 Limited Tax GO Refunding Bond Fund No 206
b) $390,581 increase to Capital Construction Fund No. 302
c) $1,322,717 reduction to Street Capital Construction Fund No. 304
d) $239,000 increase to Water Sewer Utility Fund No. 401
e) $2,065,047 increase to Storm Drainage Facility No. 421
Ordinance No. 013-18
Page 3 of 3
Estimated Appropriations:(2)
$27,315 reduced expense from City Street Fund No. 002
$390,581 increased expense from Real Estate Excise Tax Fund No. 109
$157,815 reduced expense from 2003 Limited Tax GO Refunding Bond
Fund No 206
$390,581 increased expense from Capital Construction Fund No. 302
$1,322,717 reduced expense from Street Capital Construction Fund No.
a)
b)
c)
d)
e)
304
$239,000 increased expense from Water Sewer Utility Fund No. 401
$239,000 increased expense from Cumulative Reserve for Water Sewer
Fund No. 403
$2,091,878 increased expense to Storm Drainage Facility No. 421+
f)
g)
h)
SECTION 2. Severability. If any section, sentence, clause or phrase of this Ordinance
should be held to be unconstitutional or unlawful by a court of competent jurisdiction, such
invalidity or unconstitutionality shall not affect the validity or constitutionality of any other
section, sentence, clause or phrase of this Ordinance.
SECTION 3. Publication. This Ordinance shall be published by an approved summary
consisting of the title.
SECTION 4. Effective Date. This Ordinance shall take effect and be in full force and
effect five days after publication, as provided by law.
PASSED by the City Council of the City of Port Orchard, APPROVED by the Mayor and
attested by the Clerk in authentication of such passage this 24th day of April 2018.
Robert Putaansuu, Mayor v\\"'£oRT o'$q'o,
I - SEAL ; |
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ATTEST:
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C, City ClerkBrandy-Rinearson,
APPROVED AS TO FORM:SPO
J0hr\ Clauson, CouncilmemberSharon Cates, City Attorney
PUBLISHED:
EFFECTIVE DATE:
May 4, 2018
May 9, 2018
NOTICE OF CITY OF PORT ORCHARD
ORDINANCE
The following is a summary of an Ordinance approved by the Port Orchard City Council at their regular Council
meeting held April 24, 2018.
ORDINANCE NO. 013-18
AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON,
AMENDING THE BIENNIAL BUDGET FOR THE YEARS 2017 – 2018 AS
ADOPTED BY ORDINANCE NO. 040-16 TO RECOGNIZE EXPENDITURES
AND REVENUES NOT ANTICIPATED AT THE TIME OF THE ADOPTION OF
THE 2017 – 2018 BIENNIAL BUDGET; PROVIDING FOR PUBLICATION;
AND SETTING AN EFFECTIVE DATE.
Copies of Ordinance No. 013-18 are available for review at the office of the City Clerk of the City of Port Orchard.
Upon written request, a statement of the full text of the Ordinance will be mailed to any interested person without
charge. Thirty days after publication, copies of Ordinance No. 013-18 will be provided at a nominal charge.
City of Port Orchard
Brandy Rinearson
City Clerk
Published: Friday, May 4, 2018