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039-18 - Ordinance - Amending 2017-2018 Biennial Budget Adopted by Ordinance No 040-16oRDTNANCE NO. 039-18 AN ORD NANCE OF THE C TY OF PORT ORCHARD, WASHINGTON, AMEND NG THE B ENNIAL BUDGET FOR THE YEARS 2017 - 2018 AS ADOPTED BY ORD NANCE NO. 040.15 TO RECOGN ZE EXPENDITURES AND REVENUES NOT ANTIC PATED AT THE T ME OF THE ADOPTION OF THE 2OT7 2018 B ENN AL BUDGET; PROVIDING FOR PUBI CAT ON; AND SETTING AN EFFECTIVE DATE. WHEREAS, the City of Port Orchard adopted its 2OL7 - 2OL8 Biennial Budget in Ordinance No.040-16 and subsequently amended by Ordinance No.010-L7, Ordinance No. OL3-L7, Ordinance No. 025-L7, Ordinance No.030-17 and Ordinance No.045-17 and Ordinance No. 013-18 and Ordinance No. 032-18; and WHEREAS, the City desires to keep current on budget amendments; and m e a n s or, p p Hff liff ' i:i"ff :il:' il,l" .l;:' ,,11 T:[" H# ;ffi:[ ; lYil i i# : :l passage of the 2OL7 -2OL8 Biennial Budget, as provided in RCW 35A.33.120; and budgetea ,,oHllxlii:lH;"T[,,';ffi:::ff:J::"JflJ:H:,[:]:"7'"'s of their originar WHEREAS, The McCormick Park lmpact Fee budgeted beginning fund balance was 557,000 and the actual beginning fund balance was S39,740. The budgeted beginning fund balance will be adjusted with this amendment to reflect actuals; and WHEREAS, the McCormick Woods Park Project, which is included in the City's Capital Parks plan and is considered a capital purpose, and deemed necessary and advisable by the City, and is an eligible project for the Current Expense Fund Recreation Reserve and eligible for Parks lmpact fees; and WHEREAS, the McCormick Woods Park Project has construction expenses in excess of its original budget and Fund 302 capital construction will be adjusted; and WHEREAS, to fully fund the McCormick Woods Park Project the City will utilize Fund 0Ol-Recreation Reserve in the amount of S124,594 and increase the budget for Parks lmpact fees from 5288,700 to 5368,700, these funds will be transferred to the Capital Construction Fund; and WHEREAS, the City received additional funding from Washington State Department of Transportation in the amount of 539,900 than was originally in 2OL7-2018 budget, the revenue Ordinance No. 039-18 Page 2 of 5 category for the Bay Street Pedestrian Path Segment #3 grant funding in the Street Capital Project Fund No. 304 will be adjusted to reflect the increase; and WHEREAS, the Bay Street Pedestrian Path Segment #3, which adds another connection to the Bay Street Pedestrian path project, and is considered a capital purpose and deemed necessary and advisable by the City, and is an eligible project for the Current Expense Fund Recreation Reserve and eligible for Transportation lmpact Fees; and WHEREAS, the Bay'Street Pedestrian Path Segment #3, has construction expenses in excess of its original budget and Fund 304 will be adjusted; and WHEREAS, to fully fund the Bay Street Pedestrian Path Segment #3, the city will utilize fund 001-Recreation Reserve in the amount of S38,100 and Transportation lmpact fees in the amount of 5q1,O00, these funds will be transferred to the Street Capital Construction Fund; and WHEREAS, the Old Clifton/Anderson Hill lntersection Design Project, which is in the City's Transportation Plan and is an eligible project for Transportation lmpact Fees; and WHEREAS, the Old Clifton/Anderson Hill lntersection Design Project has expenses in excess of its original budget, fund 304 will be adjusted; and WHEREAS, to fully fund the Old Clifton/Anderson Hill lntersection Design Project the city will utilize Fund 111 Transportation lmpact Fees in the amount of 55+,392, these funds will be transferred to the Street Capital Construction fund; and WHEREAS, the Tremont Widening Construction Project, which is in the City's Transportation Plan has expenses in excess of the original budgeted amount for Storm Drainage construction, additional funding required will come from the Storm Drainage Utility Fund; and WHEREAS, the Sewer lmprovements portion of the Tremont Widening project has expenses in excess of the original budget amount for Sewer Main Improvements, the additional funding required will come from the Water Sewer Utility Fund; and WHEREAS, the Tremont Widening Construction Project has significant grant funding which is a reimbursable, and as such, the work must first be accomplished and paid by the city prior to applying for release of grant proceeds, WHEREAS, to manage the cash flow for the project, the city will provide and an interfund loan from Current Expense Fund 001 for up to 5500,000 to Street Capital Construction Fund No. 304, provided the entire loan amount is repaid with interest at the LGIP rate for the comparable period, and Ordinance No. 039-18 Page 3 of 5 WHEREAS, the City has completed its repayment for the bond debt in the 1984 Refunding Fund No. 621, the Fund is to be closed and the remaining balance will be transferred to the Water Sewer Utility Fund No. 401; and WHEREAS, the design of the Marina Pump Station project was approved by Council in 2OL8 and where there have been expenses toward this project in 2OLB that were not considered in the 2OL7-2O18 Budget process, the water sewer Utility Fund No. 401 expenditures will be adjusted to capture this expense; and WHEREAS, the City had expenses for HVAC repairs and blinds for the City Hall facility, the Current Expense City Hall Reserve account will fund these additional expenses; and WHEREAS, the city was awarded a grant from the Department of Commerce for partial funding of the design and construction of the Rockwell Park project, which was approved by Council in 2018, and where there have been expenses toward this project in 2OL8, revenue from the grant and expense categories will be adjusted; and WHEREAS, an insurance reimbursement for police vehicles was originally deposited into the Current Expense Fund No. 001 and the new ER&R Fund No 500 is now operational, the Current Expense Fund will transfer the revenue to the ER&R Fund; now, therefore, THE CITY COUNC L OF THE CITY OF PORT ORCHARD, WASHINGTON, DO ORDAIN AS FOILOWS: sEcTtoN 1.The 2017 -20L8 Biennial Budget is amended to reflect the following: Fund 001: Current Expense zOfl-ZJ.L8 Biennial Current Budget 2Ot7-zOtB Biennial Amended Budget Beginning Fund Balance Revenues Expenses Ending Fund Balance 2,416,050 19,392,224 20,679,714 1,128,560 $ $ $ s 2,416,050 19,457,611 21,417,445 456,216 $ $ $ $ Fund LLL: lmpact Fees 2Ot.7-2O18 Biennial Current Budget Zl.fl-z0Lg Biennial Amended Budget Beginning Fund Balance Revenues Expenses Ending Fund Balance $ $ $ s l,l I 8,000 493,000 506,700 1,104,300 $ s $ $ 1,100,740 545,000 670,832 97 4,908 Ordinance No. 039-18 Page 4 of 5 Fund 302: Capital Construction 2OL7-Z.OLB Biennial Current Budget ?fJ,fl-20Lg Biennial Amended Budget Beginning Fund Balance Revenues Expenses Ending Fund Balance 27 5,000 1,678,031 1,635,03 I 318,000 $ $ s $ 27 5,000 1,930,365 1,887,365 318,000 $ s $ $ Fund 304: Street Capital Construction 2OL7-ZJ,t8 Biennial Current Budget 2OL7-2018 Biennial Amended Budget Beginning Fund Balance Revenues Expenses Ending Fund Balance 700,000 19,028,808 18,165,985 1,562,823 $ $ $ $ 700,000 19,708,200 18,345,377 2,062,923 $ $ s $ Fund 4OL: Water-Sewer 20L7-aJ.LB Biennial Current Budget 2Ol7-2O18 Biennial Amended Budget Beginning Fund Balance Revenues Expenses Ending Fund Balance 2,,200,000 23,812,700 24,373,390 1,639,320 $ $ $ $ 2,200,000 23,812,780 24,,777,390 1,235,400 s $ $ $ Fund 42L: Storm Drainage N)17-ZJ,t.8 Biennial Current Budget ZJ.fl-201.g Biennial Amended Budget Beginning Fund Balance Revenues Expenses Ending Fund Balance $ s $ $ 900,000 5,391,047 5,116,225 1,074,822 $ $ $ $ 800,000 5,391,047 5,620,225 570,822 Fund 500: Equipment Rental & Revolvin g Fund ZJ,fi-ZJ.Lg Biennial Current Budget ZJ.fl-2OL8 Biennial Amended Budget Beginning Fund Balance Revenues Expenses Ending Fund Balance $ $ $ $ 1,013,364 1,013,364 s $ $ $ 1,078,751 7,078,751 Fund 62L: Water-Sewer- Close out 2OL7-zOLg Biennial Current Budget 2oL7-2Ot8 Biennial Amended Budget Beginning Fund Balance Revenues Expenses Ending Fund Balance $ $ $ $ 5,,250 5,250 s $ $ $ 80 5,250 5,330 Ordinance No.039-18 Page 5 of 5 SECT ON 2. The Finance Director is here by authorized to make an interfund loan up to SSOO,000 from Current Expense Fund No. 001 to Street Capital Construction Fund No. 304, for the purpose of providing expenditures, as necessary, pending receipt of grant proceeds, provided the entire loan amount is repaid with interest at the LGIP rate for the comparable period of time of the borrowing within 12 months once drawn upon. SECT ON 3. This 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 December 18, 2018. Rob Putaa uu, Mayor APPROVED AS TO FORM: Cates, City Attorney nd n PU BLICATION : EFFECTIVE DATE: rson,MMC, City Clerk Sponsor: J n Clauson uncilmember Decemb er 2L, 2OL8 Decemb er 26,2018 ATTEST. ) a 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 December 18, 2018. ORDINANCE NO. 039-18 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. 039-18 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. 039-18 will be provided at a nominal charge. City of Port Orchard Brandy Rinearson City Clerk Published: Friday, December 21, 2018