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013-06 - 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 June 12, 2006. 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. 013-06 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. 013-06 will be provided at a nominal charge. City of Port Orchard Carol L. Etgen Clerk Clerk Publish: Port Orchard Independent June 17, 2006 itsaplegals@soundpublishing.com ORDINANCE NO. 013-06 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. 025-05; and WHEREAS, the City desires to keep current on budget amendments; and WHEREAS, the construction for the Wastewater Treatment Facility Expansion project is still in the process of being completed; and WHEREAS, the Public Works Trust Fund loan retainage of $840,000.00 will not be available until the expansion project is finished; and WHEREAS, an inter -fund loan is necessary to pay expenses relating to the expansion prior to the release of retainage and therefore, 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 Cumulative Reserve for Municipal Facilities Fund to the Wastewater Treatment Facility Expansion 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 of Fund Balance from the Cumulative Reserve for Municipal Facilities Fund: $840,000.00. (b) The transfer into the Wastewater Treatment Facility Expansion Fund: $840,000.00. Section 2. 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 12th day of June, 2006. ATTEST: KIM E. ABEL, MAYOR USponso e i r Im ncilmEanJohn Clauson