Loading...
025-10 - Ordinance - Amending the 2010 BudgetIntroduced by: Requested by: Drafted by: Introduced: Adopted: ORDINANCE NO. 025-10 City Treasurer Council Finance Committee City Treasurer November 30, 2010 December 14, 2010 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON, AMENDING THE BUDGET FOR THE YEAR 2010 AS ADOPTED IN ORDINANCE NO. 029-09 TO RECOGNIZE REVENUE AND EXPENDITURES NOT ANTICIPATED AT THE TIME OF THE ADOPTION OF THE 2oio BUDGET WHEREAS, the City of Port Orchard adopted its 2010 Budget in Ordinance No. 029-o9;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 2010 Budget, as provided in RCW 35.33•ogi; and WHEREAS, on November 9, 2010, the City Council authorized an additional funding allocation of a maximum additional amount of $4,50o, based on cash and additional revenue, to Festival of Chimes and Lights in 201o; and WHEREAS, on May 12, 2009, the City Council certified its share of the Blackjack Creels project funding would be committed and derived from Cumulative Reserve For Municipal Facilities Fund 302 and the project has incurred a maximum additional amount Of $5,000; and WHEREAS, various public works projects span annual budget periods and projects begun in 2oo9 have moved to completion, and projects contemplated in the 2010 budget have moved forward incurring expenditures; and WHEREAS, the City utilizes Cumulative Reserve for Water -Sewer Fund 403 in which connection fees, capital facilities charges and fees in lieu of assessment are placed, the purpose which is to be expended for betterments and improvement to the utilities, with debt service and maintenance and operation to be funded as necessary; and Ordinance No.025-10 Page 2 of 3 WHEREAS, an additional appropriation is required to transfer up to $375,000 from the Cumulate Reserve for Water -Sewer Fund 403 to the Water -Sewer Utility Fund 401 for 2010 projects; now, therefore, THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION 1. The 2010 Budget is amended to reflect the following additional revenues: (a) Hotel Motel Transient Tax from Community Events Fund totaling $4,500. SECTION 2. The 2010 Budget is amended to reflect the following: (a) Appropriation of $4,500 from the Community Events Fund. SECTIONS. The 20ro Budget is amended to reflect the following transfer of funds from the Cumulative Reserve for Municipal Facilities Fund 302 to the Current Expense Fund ool: (a) Operating Transfer Out of the Cumulative Reserve for Municipal Facilities Fund 302 $5,000 (b) Operating Transfer In to Current Expense Fund ool $5,000 SECTION 4. The 2010 Budget is amended to reflect the following transfer of funds from the Cumulative Reserve for Water Sewer Fund 403 to the Water -Sewer Operating Fund 401: (a) Operating Transfer Out of the Cumulative Reserve for Water Sewer Fund 403 up to $375,000 (b) Operating Transfer Into the Water -Sewer Operating Fund 401 up to $375,000 SECTION .. 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. Ordinance No.025-10 Paee q of q 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 14th day of Decem�pr 2010. A ST: Patricia J. Kir p trick, MMC, City Clerk APPROVED AS TO FORM: Gregory A. by, URY Attorney Lary Sponsored by: John Clauson, Councilmember 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 14, 2010. ORDINANCE NO. 025-10 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON, AMENDING THE BUDGET FOR THE YEAR 2010 AS ADOPTED IN ORDINANCE NO. 029-oq TO RECOGNIZE REVENUE AND EXPENDITURES NOT ANTICIPATED AT THE TIME OF THE ADOPTION OF THE 2oio BUDGET Copies of Ordinance No. 025-10 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. 025-10 will be provided at a nominal charge. City of Port Orchard Patti Kirkpatrick City Clerk Publish: Port Orchard Independent December 24, 2010