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010-06 - Ordinance - Amending the 2006 BudgetNOTICE 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 May 8, 2006. ORDINANCE NO. 010-06 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON AMENDING THE BUDGET FOR THE YEAR 2006 AS ADOPTED BY ORDINANCE NO. 025-05 TO RECOGNIZE CHANGES TO CERTAIN REVENUES AND EXPENDITURES NOT ANTICIPATED AT THE TIME OF PASSAGE OF THE 2006 BUDGET Copies of Ordinance No. 010-06 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. 010-06 will be provided at a nominal charge. City of Port Orchard Carol L. Etge Clerk Clerk Publish: Port Orchard Independent May 27, 2006 Kitsai2lecials@soundpublishing.com 025-05; and ORDINANCE NO. 010-06 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON AMENDING THE BUDGET FOR THE YEAR 2006 AS ADOPTED BY ORDINANCE NO. 025-05 TO RECOGNIZE CHANGES TO CERTAIN REVENUES AND EXPENDITURES NOT ANTICIPATED AT THE TIME OF PASSAGE OF THE 2006 BUDGET WHEREAS, the City of Port Orchard adopted its 2006 Budget in Ordinance No. WHEREAS, the City desires to keep current on budget amendments; and WHEREAS, the City Council committed in the 2005 and 2006 budget for the drilling of Well No. 10 to be funded by transferring monies from the Water -Sewer Cumulative Reserve Fund to the Water -Sewer Operating Fund; and WHEREAS, at the October 24, 2005 meeting the City Council awarded the bid for drilling of Well No. 10 for $203,614.14; and WHEREAS, at the April 10, 2006 meeting the City Council authorized Change Order #1 to complete Well No. 10 drilling for a total amount not to exceed $151,520.00, 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 2006 Budget, as provided for in RCW 35.33.091; and WHEREAS, the source of revenue for the additional appropriation will come from the Water -Sewer Cumulative Reserve Fund to the Water -Sewer Operating Fund; now, therefore, THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. That the 2006 Budget be amended to reflect the following: (a) The appropriation for the drilling of Well No. 10 from the Water -Sewer Cumulative Reserve Fund: $300,000.00. (b) The transfer of revenue in the Water -Sewer Cumulative Reserve Fund to the Water -Sewer Operating Fund: $300,000.00. (c) The appropriation to pay for the costs of drilling Well No. 10 from the Water -Sewer Operating Fund: $300,000.00 Section 2. There will be no further obligations approved for Well No. 10 until reviewed by the City Council. Ordinance 010-06 Page 2 of 2 Section 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 and signed by the Mayor and attested by the Clerk in authentication of such passage this 8th day of May, 2006. �A' 1 11 M WA OR I " M. 15 M A rvc i, - -"� KIM E. ABEL, MAYOR ;SpZonsorrey: uncilman John Clauson