032-18 - Ordinance - Amending the Biennial Budget for 2017-2018oRDTNANCE NO. 032-18
AN ORDINANCE OF THE C TY OF PORT ORCHARD, WASH NGTON,
AMEND NG THE BIENNIAL BUDGET FOR THE YEARS 2017 - 2018 AS
ADOPTED BY ORD NANCE NO. 040.16 TO RECOGNIZE EXPENDITURES
AND REVENUES NOT ANT CIPATED AT THE TIME OF THE ADOPT ON OF
THE 2OL7 - 2018 B ENNIAL BUDGET; PROVIDING FOR PUBLICAT ON;
AND SETTING AN EFFECTIVE DATE.
WHEREAS, the City of Port Orchard adopted its 2017 - 2OL8 Biennial Budget in
Ordinance No. 040-15 and subsequently amended by Ordinance No. OLO-L7, Ordinance
No. 013-L7, Ordinance No. 025-L7, Ordinance No. 030-L7, Ordinance No. 045-L7, and
Ordinance No. 013-18; 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 2OL7 -20L8 Biennial Budget, as provided in RCW 35A.33.120; and
WHEREAS, Ordinance No.023-1,8 established an Equipment Rental and
Revolving Fund (ER&R) No. 500; and
WHEREAS, the ER&R Fund No. 500 will be used to support the operation,
maintenance and replacement of the City's fleet of vehicles; and
WHEREAS, as part of the creation and funding plan of the Equipment Rental
and Revolving Fund, the city will transfer monies from current equipment reserve Funds
303,402 and 422to the newly created ER&R Fund No.500; and
WHEREAS, in order to deplete fund 303, the city will make the appropriate
adjustments to reflect actual activities as identified below including adjusting expenses
to 5497 ,084.64, which includes a transfer to ER&R Fund No. 500 of 5469,981.56, and
adjusting expenditure authority to reflect the actual vehicle acquisition costs of
527 ,103.08, and
WHEREAS, in order to deplete fund 4O2, the city will make the appropriate
adjustments to reflect actual activities as identified below including adjusting expenses
to 5322,728.37, which includes a transfer to ER&R Fund No. 500 of 5322,728.37, and
WHEREAS, in order to deplete fund 422, the city will make the appropriate
adjustments to reflect actual activities as identified below including adjusting expenses
to 5220,654.15, which includes a transfer to ER&R Fund 500 of 5220,554.15, and
Ordinance No. 032-18
Page 2 of 3
WHEREAS, in order to establish ER&R Fund 500 the city will make transfers from the
funds identified above in the amount of S1,013,354.08 to ER&R Fund No. 500; now, therefore,
THE C TY COUNCIT OF THE C TY OF PORT ORCHARD, WASH NGTON, DO ORDAIN AS
FOLLOWS:
sEcTtoN 1.The 2017 - ZOLB Biennial Budget is amended to reflect the following:
Fund 500: Equipment Rental and Revolving
2Ot.7-2O18 Biennial
Current Budget
2017-2078 Biennia!
Amended BudBet
Beginning Fund Balance
Revenues
Expenses
Ending Fund Balance
s
s
s
S
s
s
$
s
I ,013,364.08
1,013,364.08
SE N2.Th is ordinance shall be in full force and effect five (5) days after posting and
publication as required by law. A summary of this Ordinance may be published in lieu of the
entire ordinance, as authorized by State 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 23rd day of October 2018.
Fund 303: Cumulative Reserve Equipment Replacement
2Ol7-2078 Biennial
Current Budget
2OL7-2O18 Biennial
Amended Budget
Beginning Fund Balance
Revenues
Expenses
Ending Fund Balance
391,475
97,887
25,000
464,362
S
s
s
s
392,281.62
104,803.02
497,084.64
Fund 402: Water-Sewer Equip Replacement
2Ol7-2018 Biennial
Current Budget
2OL7-2018 Biennial
Amended Budget
Beginning Fund Balance
Revenues
Expenses
Ending Fund Balance
s
$
s
s
3 15,400
3,300
318,700
s
s
s
$
315,673.98
7,054.39
322,728.37
Fund 422: Storm Drainage Equipment Replacement
2017-2018 Biennia!
Current Budget
2OL7-2018 Biennial
Amended Budget
Beginning Fund Balance
Revenues
Expenses
Ending Fund Balance
s
$
$
$
150,500
65,220
215,720
s
s
s
s
151,524.40
69,129.75
220,654.15
$
$
S
$
Ordinance No. 032-18
Page 3 of 3
ATTEST:
Bran dy Rinearson, MMC, City Clerk
APPROVED AS TO FORM:
n Cates, City Attorney
Robert Putaansuu, Mayor
SPONSOR:
hn Clauson, Councilmember
PU BLISH ED:
EFFECTIVE DATE:
Novemb er 2, 2018
November7,2018
SEAL
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 October 23, 2018.
ORDINANCE NO. 032-18
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. 032-18 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. 032-18 will be provided at a nominal charge.
City of Port Orchard
Brandy Rinearson
City Clerk
Published: Friday, November 2, 2018