Ordinance 23-021 Adopts the 2024 BudgetCITY OF SPOKANE VALLEY
SPOKANE COUNTY, WASHINGTON
ORDINANCE NO.23-021
AN ORDINANCE OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY,
WASHINGTON, ADOPTING A BUDGET FOR THE PERIOD JANUARY 1, 2024
THROUGH DECEMBER 31, 2024; APPROPRIATING FUNDS; ESTABLISHING
SALARY SCHEDULES FOR ESTABLISHED POSITIONS; AND OTHER MATTERS
RELATING THERE, TO.
WHEREAS, State law requires the City Manager to prepare a preliminary budget for the City of
Spokane Valley at least 60 days before the beginning of the City fiscal year beginning January 1, 2024 and
ending December 31, 2024; and
WHEREAS, the City Manager, in consultation with the Finance Director and department heads, has
prepared and placed on file with the City Clerk a preliminary budget, together with an estimate of the
a►nount of money necessary to meet the expenses of the City including payment of outstanding obligations;
and
WHEREAS, notice was posted and published for public hearings held on September 12, October 10,
and November 21, 2023. The City Council met and invited public comment in the City Council Chambers
during each public hearing; and
WHEREAS, proper notice was given and the preliminary budget was filed with the City Clerk October
3, 2023; and
WHEREAS, the City Council desires to adopt the 2024 budget, including all allowances, and an
appropriation for each fund; and
WHEREAS, the City of Spokane Valley property tax levy in 2023 for collection in 2024, will be
$13,824,900, which represents a 0% increase in the 2024 levy. This levy is exclusive of additional revenue
resulting from new construction, improvements to property, any increase in the value of State assessed
property, any annexations that have occurred, and refunds made.
NOW, THEREFORE, the City Council of the City of Spokane Valley do ordain as follows:
Section 1. Adoption of 2024 Budget. The budget for the City of Spokane Valley for the year 2024
is adopted at the fund level. The final budget for 2024 is attached hereto, and by this reference is
incorporated herein pursuant to RCW 35A.33.075. For summary purposes, the total estimated
appropriations for each separate fiend, plus the aggregate total for all such funds, is set forth as follows:
Ordinance 23-021 Adopting 2024 Budget Pagel of 3
Estimated
Estimated '
Beginning
Ending
Fund
Fund
Total
Fund
Annuai Appropriation Funds
fVo
Balance
Revenues
Sources
ropPlations
l Balance
General Fund
001
42,140,411
62,641,100
63,349,002
63,349,002
41,432,509
Street Fund
101
1,750,749
9,401,123
11,151,872
9,623,274
966,767
Paths & Trails Fund
103
47,168
9,200
56,368
0
56,368
Hotel/Motel Tax - Tourism Facilities Fund
104
4,739,903
680,000
5,419,903
0
5,419,903
Hotel/Motel Tax Fund
105
553,519
910,000
1,463,519
1,282,200
181,319
Solid Waste
106
1,128,645
290,000
1,418,645
290,000
1,128,645
PEG Fund
107
231,782
66,000
297,782
73,000
224,782
Affordable & Supportive Housing Sales Tax Fur
108
777,569
208,000
985,569
0
985,569
Tourism Promotion Area Fund
109
400,000
1,200,000
1,600,000
1,200,000
400,000
Homeless Housing Program Fund
110
0
640,000
640,000
0
640,000
CenterPlace Operating Reserve Fund
120
300,000
0
300,000
0
300,000
Service Level Stabilization Fund
121
5,500,0m
0
5,500,000
0
5,500,000
Winter Weather Reserve Fund
122
532,880
6,000
538,880
500,000
38,880
LTGO Band Debt Service Fund
204
0
950,550
950,550
950,550
0
REET 1 Capital Projects Fund
301
5,133,191
1,590,000
6,723,191
2,068,463
4,654,728
REFT2 Capital Projects Fund
302
4,516,368
1,600,000
6,116,366
1,793,287
4,323,081
Street Capital Projects
303
1,943,151
8,875,775
10,818,926
8,875,775
1,943,151
Park Capital Projects Fund
309
177,301
380,000
557,301
220,000
337,301
Civic Facilities Capital Projects Fund
310
15,424
1,200
16,624
0
16,624
Pavement Preservation Fund
311
3,485,705
3,362,600
6,848,305
3,550,0m
3,298,305
Capital Reserve Fund
312
12,339,194
500,000
12,839,194
1,026,792
11,812,402
Railroad Grade Separation Projects Fund
314
87,903
3,102,623
3,190,526
3,152,622
37,904
Transportation Impact Fees Fund
315
865,904
300,000
1,165,904
0
1,165,904
Economic Development Capital Projects Fund
316
0
0
0
0
0
86,666,767
96,714,171
141,948,429
97,954,965
84,864,142
Estimated
Estimated>:
Beginning
Ending
Fund
Working
Total ,
Working
Working Capital Funds.`
No..
Ca rtal
Revenues
Sources
ra nations
.: Ca Hill
Stormwater Management Fund
402
4,174,093
5,640,000
9,814,093
5,494,993
4,319,100
Aquifer Protection Area Fund
403
903,822
520,000
1,423,822
1,055,000
368,822
Equipment Rental & Replacement Fund
501
1,144,719
508,200
1,652,919
700,000
952,919
Risk Management Fund
502
428,022
700,000
1,128,022
700,000
428,022
Passthrough Fees & Taxes
632
0
500,000
500,000
500,000
0
6,650,656
7,868,200
14,518,856
8,449,993
6,068,863
Total of all Funds
93,317,423
104,582,371
156,467,285
106,404,958
90,933,005
The total balance of all funds appropriated for 2024 is $106,404,958,
Section 2. Transmittal of Bud&et. A complete copy of the budget as adopted, together with a copy
of this Ordinance, shall be transmitted by the City Clerk to the Division of Municipal Corporations in the
Office of the State Auditor and to the Association of Washington Cities.
Section 3. SeverabiRty. If any section, sentence, clause or phrase of this Ordinance shall 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 4. Effective Date. This Ordinance shall be in full force and effect five days after the date
of publication of this Ordinance or a summary thereof in the official newspaper of the City.
Ordinance 23-021 Adopting 2024 Budget Page 2 of 3
2
PASSED by the City Council this - day of November, 2023.
Pam Haley, Mayor
ATTE'sir:
Marci PaicLrrson, City Cleric
Approve(I As To Form:
. ...... ......
0 ceq,fICie'C"ity Att Y
!1111''
Date of Publication:
7.
Effective Date:
Ordinance 23-021 Adopting 2024 Budget Page: 3 of 3