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Ordinance 07-014 Amending 2007 Budget CITY OF SPOKANE VALLEY SPOKANE COUNTY,WASHINGTON ORDINANCE NO. 07-014 AN ORDINANCE AMENDING ORDINANCE NO. 07-007 PASSED BY THE CITY COUNCIL ON APRIL 24, 2007, WHICH AMENDED ORDINANCE 06-024 ENTITLED "AN ORDINANCE OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY, WASHINGTON, ADOPTING A BUDGET FOR THE PERIOD OF JANUARY 1, 2007 THROUGH DECEMBER 31, 2007 APPROPRIATING FUNDS AND ESTABLISHING SALARY SCHEDULES FOR ESTABLISHED POSITIONS," CREATING THE CIVIC FACILITIES REPLACEMENT FUND (123). WHEREAS, subsequent to the adoption of the annual budget, it has become necessary to make changes by adding new revenue, amendments, appropriations and transferring funds in order to properly perform various City functions, services and activities; WHEREAS, the budget changes set forth in this Ordinance could not have been reasonably anticipated or known when the annual budget was passed by the City Council; and WHEREAS,the City Council has determined that the best interests of the City are served by amending the adopted budget to reflect anticipated revenue, expenditures, fund balances, and appropriating same as set forth herein. NOW THEREFORE, The City Council of the City of Spokane Valley, Washington do ordain as follows: Section 1. Amended Revenues. Ordinance No. 07-007, as adopted or amended, amended the budget for the twelve months ending December 31, 2007. Each item, revenue, appropriation, and fund is hereby amended as follows. A. General Fund (001) of the 2007 budget is amended to provide for additional revenue in the amount of $1,300,000 from sales tax, $180,000 from Franchise fees, $80,000 from Liquor Board Profits and $270,000 from Investment earnings. B. The Civic Facilities Replacement Fund (123) is hereby created to accumulate and spend dollars for the replacement, remodel, expansion and/or improvement to city facilities, and/or furniture. A transfer from the General Fund (001) is hereby appropriated in Civic Facilities Replacement Fund(123)revenues in the amount of$397,000. C. The Civic Facilities Fund(310)revenue budget is amended to reflect an additional transfer from the General Fund(001) in the amount of$1,433,000. For purposes of these budget amendments, Exhibit "A" is attached hereto and incorporated by this reference as set forth in full. Ordinance 07-014 Amending 2007 Budget Page 1 of 3 REVENUES: FUND FUND ORIGINAL BUDGET& AMENDMENT ENDING NUMBER NAME AMENDMENT#1 . #2 REVENUES . 001 GENERAL $ 46,247,470 $ 1,830,000 $ 48,077,470 101 STREET $ 7,658,000 $ - $ 7,658,000 102 ARTERIAL ST. $ 912,000 $ - $ 912,000 103 TRAILS/PATHS $ 21,000 $ - $ 21,000 105 HOTEUMOTEL $ 658,000 $ - $ 658,000 123 CIVIC FAC. REPLCMT. $ - $ 397,000 $ 397,000 204 DEBT SERVICE $ 600,000 $ - $ 600,000 301 CAPITAL PROJECTS $ 4,120,000 $ - $ 4,120,000 302 SPECIAL CAP. PRJ $ 4,420,000 $ - $ 4,420,000 303 STREET CAP PRJ $ 7,802,843 $ 7,802,843 304 MIRABEAU PT $ 441,000 $. - $ 441,000 305 STREET BOND PRJ $ 816,000 $ - $ 816,000 306 COM DEV BLK GRNT $ - $ - $ - 307 CAPITAL GRANTS $ 9,300,000 $ 9,300,000 308 BARKER BRDGE FED $ 700,000 $ - $ 700,000 309 PARKS CAPITAL PRJ $ 3,550,000 $ - $ 3,550,000 310 CIVIC FACILITIES $ 1,460,000 $ 1,433,000 $ 2,893,000 120 CENTERPLACE OP. $ 325,000 $ - $ 325,000 121 SERVICE LEV. STAB $ 5,200,000 $ - $ 5,200,000 122 WINTER WEATHER $ 540,000 $ - $ 540,000 402 STORMWATER $ 3,195,762 $ 3,195,762 501 EQUIP REPL&RES $ 944,375 $ - $ 944,375 502 RISK MGMT $ 217,100 $ - $ 217,100 TOTALS $ 99,128,550 $ 3,660,000 $ 102,788,550 The total balance of all fund revenues and beginning fund balances, appropriated for the year 2007 is $102,788,550. Section 2. Expenditures Appropriated. To appropriate the amendments from the above estimated revenues and beginning unrestricted fund balances for each separate fund, the expenditure appropriations for the period January 1 through December 31, 2007 are amended as set forth below. EXPENDITURES/APPROPRIATIONS: 001 GENERAL $ 38,889,504 $ 1,830,000 $ 40,719,504 101 STREET $ 4,326,372 $ 4,326,372 102 ARTERIAL ST. $ 912,000 $ - $ 912,000 103 TRAILS/PATHS $ 21,000 $ - $ 21,000 105 HOTEUMOTEL $ 658,000 $ - $ 658,000 123 CIVIC FAC. REPLCMT $ - $ 397,000 $ 397,000 204 DEBT SERVICE $ 600,000 $ 600,000 301 CAPITAL PROJ. $ 4,120,000 $ - $ 4,120,000 302 SPEC. CAP. PRJ $ 4,420,000 $ - $ 4,420,000 303 STREET CAP PRJ $ 7,802,843 $ 7,802,843 304 MIRABEAU PT $ 441,000 $ - $ 441,000 305 STREET BOND PRJ $ 816,000 $ - $ 816,000 306 COM DEV BLK GRNT $ - $ - $ - 307 CAPITAL GRANTS $ 9,300,000 $ 9,300,000 308 BARKER BRDGE FED $ 700,000 $ - $ 700,000 309 PARKS CAP. PRJ $ 3,550,000 $ - $ 3,550,000 310 CIVIC FACILITIES $ 1,460,000 $ 1,433,000 $ 2,893,000 120 CENTERPLACE OP. $ 325,000 $ - $ 325,000 121 SERVICE LEV. STAB $ 5,200,000 $ - $ 5,200,000 122 WINTER WEATHER $ 540,000 $ - $ 540,000 402 STORMWATER $ 2,240,309 $ 2,240,309 501 EQUIP REPL&RES $ 944,375 $ - $ 944,375 502 RISK MGMT $ 217,100 $ - $ 217,100 TOTALS $ 87,483,503 $ 3,660,000 $ 91,143,503 Ordinance 07-014 Amending 2007 Budget Page 2 of 3 These amendments include transfers from the General Fund (001) to the Civic Facilities Fund (310) and the Civic Facilities Replacement Fund (123) of $1,433,000 and $397,000, respectively; an appropriation of $397,000 in the Civic Facilities Replacement Fund (123), and appropriations of $880,000 for purchase of the precinct building along with an appropriation of$553,000 in the Civic Facilities Fund (310)for the acquisition of city facilities. The total balance of all fund expenditures appropriated for the year 2007 is$91,143,503. Section 3. Positions. The City of Spokane Valley's authorized full time equivalent positions is 79.15. Section 4. Severability. If any section, sentence, clause or phrase of this Ordinance should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of any other section, sentence, clause or phrase of this Ordinance. Section 5. Effective Date. This Ordinance shall be in full force and effect five (5) days after publication of this Ordinance or a summary thereof in the official newspaper of the City as provided by law. Passed by the City Council of the City of Spokane Valley this 11th day of September,2007. Ct-{AAta' Wal AT ,,. Diana Wilhite, Mayor •-is '•ainbridge, City Clerk APPROVED AS TO FORM: k Office ttorney Date of Publication: 9.-- -6t 2 Effective Date: _ ,d2 Ordinance 07-014 Amending 2007 Budget Page 3 of 3 City of Spokane Valley Exhibit A Amendments to 2007 Budget September 11,2007 Sept 11,2007 REVENUE EXPENDITURE Fund INCREASE INCREASE Explanation 001 001.000.000.313.10.00 $ 1,300,000 Sales tax 001.000.000.321.91.00 180,000 Franchise fees 001.000.000.336.06.95 80,000 Intergov.Liquor Board Profits 001.000.000.361.11.00 270,000 Interest earnings Transfer to Civic Facilities 1,433,000 Move$to civic fac.Fund Transfer to Civic Facilities Replace. 397,000 Move$to replacement Fund Total $ 1,830,000 $ 1,830,000 Total 123 Transfer from Gen. Fund $ 397,000 For Replacement $ 397,000 Potential bldg replacement 310 Transfer from General Fund $ 1,433,000 Purchase of Precinct - $ 880,000 Purchase of Precinct Bldg Purchase of City Facility $ 553,000 Set aside for purchase of facility Grand Total $ 3,660,000 $ 3,660,000