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024-20 - Ordinance - Amending Biennial BudgetORDINANCE NO. 024-20 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON, AMENDING THE 2019-2020 BIENNIAL BUDGET AS ADOPTED BY ORDINANCE NO. 036-18 AND AMENDED BY ORDINANCE NO. 044-19, TO RECOGNIZE EXPENDITURES AND REVENUES NOT ANTICIPATED AT THE TIME OF THE ADOPTION OF THE 2019- 2020 BIENNIAL BUDGET; PROVIDING FOR TRANSMITTAL TO STATE; PROVIDING FOR PUBLICATION; AND SETTING AN EFFECTIVE DATE. WHEREAS, the City of Port Orchard adopted its 2019 — 2020 Biennial Budget by Ordinance No.036-18, and amended by Ordinance No. 044-19; and WHEREAS, the City desires to keep current on budget amendments; and WHEREAS, it is necessary to consider adjustments to accounts and/or funds by means of appropriation adjustments that could not have been anticipated at the time of passage of the 2019 — 2020 Biennial Budget; and WHEREAS, the City desires to adjust budgeted beginning fund balances to reflect more closely the actual beginning fund balances as of January 1, 2019; and WHEREAS, the City desires to adjust ending fund balances by incorporating changes in beginning fund balance, revenues, and expense; and WHEREAS, the Council desires to adjust the budget for additional revenues identified for fund 206, 304, 423; and WHEREAS, for the Impact Fee 111 Fund, the Council desires to provide an appropriation from city transportation impact fee ending fund balance for a transfer to the Street capital construction fund 304 to pay for the acquisition of Bethel Road properties; and WHEREAS, for the Debt Service 206 Fund, the Council desires to provide an appropriation for debt service payments not included in the original budget as well as recognizing additional transfer in revenue to make the payments; and WHEREAS, for the Street Capital Construction 304 Fund, the Council desires to provide additional appropriations for the Tremont project, provide new budget authority for the acquisition of the Bethel Road Properties and recognizing the grant revenue received for the Tremont project; and Ordinance No. 024-20 Page 2 of 4 WHEREAS, for the Storm Drainage Capital 423 Fund, the Council provides additional expenditure authority for the acquisition of the Bethel Road Properties and recognizing the grant revenue received for the Tremont project; and WHEREAS, the City Council has considered the proposed budget amendments and finds that amendments authorized by this Ordinance are consistent with applicable laws and financial policies, and further the public's health, safety and welfare; now, therefore; THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION 1. The 2019 — 2020 Biennial Budget is amended to reflect the following: Ordinance No. 024-20 Page 3 of 4 2019-2020 Biennial Budget I Ordinance-036-181 Adjustment I Ord I na nce 444-191 Adjustment 0rdinance-XXX-20 001 Current Expense Fund Revenue $ 23,143,6M $ 2,342,596 $ 25,486.196 $ $ 25,486,196 Expense $ 23,143,600 $ 2,342,596 $ 25,486.196 $ $ 25,486,196 002 City Street Revenue $ 4,021,508 $ 480,954 $ 4,502,462 $ $ 4,502,462 Expense $ 4,021,508 $ 480,954 $ 4,502,462 $ $ 4,502,462 003 Stabilization Revenue $ 1,311,900 $ 788,100 $ 2,100,000 $ $ 2,100,000 Expense $ 1,311.900 $ 788,100 $ 2,100,000 $ $ 2,100,000 103 Criminal Justice Revenue $ 930.873 $ 72,228 $ 1,003,101 $ $ 1,003.101 Expense $ 930,873 $ 72,228 $ 1,003,101 $ $ 1,003,101 104 Special Investigative Unit Revenue $ 70,000 $ 15,461 S 85,461 $ $ 85,461 Expense $ 70,000 $ 15,461 $ 85,461 $ $ 85,461 107 Community Events Revenue $ 252,500 $ 82,746 $ 335.246 $ $ 335,246 Expense $ 252,500 $ 82,746 $ 335,246 $ $ 335.246 108 Paths & Trails Revenue $ 9,780 $ 677 $ 10,457 $ $ 10,457 Expense $ 9,780 $ 677 $ 10,457 $ $ 10,457 109 Real Estate Excise Tax Revenue $ 3,496,331 $ (86,385) $ 3,409,946 $ $ 3,409,946 Expense $ 3,496,331 $ (86,385) $ 3,409,946 $ $ 3,409,946 111 Impact Fee Revenue $ 1,649,638 $ 70,430 $ 1,720,068 $ $ 1,720,068 Expense $ 1,649,638 $ 70,430 $ 1.720.068 $ $ 1.720,068 206 Bond Redemption Fund Revenue $ 757,383 $ - $ 757,383 $ 2,982 $ 760.365 Expense $ 757,383 $ - $ 757,383 $ 2,982 $ 760,365 302 Capital Construction Revenue $ 818,000 $ 155,715 5 973,715 $ - $ 973,715 Expense $ 818,000 $ 155,715 $ 973,715 $ - $ 973,715 304 Street Capital Projects Revenue $ 5,475.094 $ 1,128.000 S 6,603,094 $ 2,694,706 $ 9,297,800 Expense $ 5,475,094 $ 1,128, 000 $ 6,603,094 $ 2, 694, 706 $ 9,297,800 401 Water -Sewer Utilities Revenue $ 2,000,000 $ 1,435,558 $ 3,435.558 $ $ 3,435,558 Expense $ 2,000,000 $ 1,435,558 $ 3,435,558 $ $ 3,435,558 403 Water -Sewer Cumulative Reserve Revenue $ 4,867,000 $ 732,427 $ 5,599,427 $ $ 5,599,427 Expense $ 4,867,000 $ 732,427 $ 5,599,427 $ $ 5,599,427 411 Water - Operations Revenue $ 7,427,300 $ 717,779 $ 8,145,079 $ $ 8,145.079 Expense $ 7,427,300 $ 717,779 $ 8,145,079 $ $ 8,145,079 412 Water -Stabilization Revenue $ 390,000 $ - $ 390,000 $ $ 390,000 Expense $ 390,000 $ - $ 390,000 $ $ 390,000 413 Water -Capital Projects Revenue $ 8,530.500 $ 314.944 $ 8,845,444 $ $ 8,845,444 Expense $ 8,530,500 $ 314,944 $ 8,845,444 $ $ 8,845,444 414 Water - Debt Service Revenue $ 130,128 $ - $ 130,128 $ $ 130,128 Expense $ 130,128 $ $ 130,128 $ $ 130,128 421 Storm Drainage - Operations Revenue $ 4,328,822 $ 733,835 $ 5.062,657 $ $ 5,062,657 Expense $ 4,328,822 $ 733,835 $ 5,062,657 $ $ 5,062.657 422 Storm Drainage - Stabilization Revenue $ 175,200 $ - $ 175,200 $ $ 175.200 Expense $ 175,200 $ - $ 175,200 $ $ 175,200 423 Storm Drainage -Capital Projects Revenue $ 670.440 $ 299,263 $ 969,703 $ 290.297 $ 1,260,000 Expense $ 670.440 $ 299,263 S 969,703 $ 290.297 $ 1,260,000 424 Storm Drainage - Debt Service Revenue $ 354.754 $ - $ 354,754 $ - $ 354,754 Expense $ 354,754 $ - S 354.754 $ $ 354,754 431 Sewer -Operations Revenue $ 11,425,600 $ 717,779 $ 12,143.379 $ $ 12,143,379 Expense $ 11,425,600 $ 717,779 $ 12.143.379 $ $ 12,143,379 432 Sewer - Stabilization Revenue $ 606.700 $ - S 606,700 $ $ 606.700 Expense $ 606,700 $ - $ 606,700 $ $ 606.700 433 Sewer -Capital Projects Revenue $ 9,469,000 $ 1.201,483 $ 10,670,483 $ $ 10,670,483 Expense $ 9,469.000 $ 1,201,483 $ 10,670,483 $ $ 10,670,483 434 Sewer - Debt Service Revenue $ 30,128 $ - $ 30,128 $ $ 30,128 Expense $ 30,128 $ - $ 30,128 $ $ 30,128 500 ER&R Revenue $ 5,242,637 $ 149.040 $ 5.391.677 $ $ 5,391,677 Expense $ 5,242,637 $ 149.040 $ 5.391,677 $ $ 5,391,677 Grand Total Revenue $ 97,584,816 $11,352,630 $ 108,937,446 $2,987,985 $ 111,925,431 Grand Total Expense $ 97,584,816 $ 11,352,630 $ 108,937,446 $ 2,987,985 $ 111,925,431 Ordinance No. 024-20 Page 4 of 4 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 Ileu 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 8th day of September 2020. ATTEST• Brandy i � rs , MM , Clty Clerk APPROV •Q• S TO FORM: Charlie A. Archer, City Attorney PUBLISHED: September 11, 2020 EFFECTIVE DATE: September 16, 2020 Rob Putaansuu, Mayor Sponsored by: Jor Clauson, Councllmember �{{115111171!l111111 4��,�•�oF pvRT ORc,,�� ~�2GOFLPORq -y�g o �= _ -SEAL •= sn a •rr�g�S' 1 41 aE V k ''%�F+W Al1H%N `�`�y