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Ordinance 10-026 Amending 2010 Budget CITY OF SPOKANE VALLEY SPOKANE COUNTY,WASHINGTON ORDINANCE NO. 10-026 AN ORDINANCE AMENDING ORDINANCE 09-024 PASSED BY THE CITY COUNCIL ON OCTOBER 13, 2009 AND ENTITLED "AN ORDINANCE OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY, WASHINGTON, ADOPTING A BUDGET FOR THE PERIOD JANUARY 1, 2010 THROUGH DECEMBER 31, 2010 APPROPRIATING FUNDS AND ESTABLISHING SALARY SCHEDULES FOR ESTABLISHED POSITIONS;" AND CLOSING THE COMMUNITY DEVELOPMENT (CD) BLOCK GRANT FUND (306) WHICH IS NO LONGER NEEDED. WHEREAS, Subsequent to the adoption of the annual budget, it has become necessary to make changes by adding new revenue appropriations, amendments, and transferring funds in order to properly perform City functions, services and activities; and 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 budget to reflect anticipated revenue, expenditures, transfers 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. 09-024, as adopted or amended, adopted a budget for the twelve months ending December 31, 2010. Each item, revenue, appropriation, and fund are hereby amended as follows: A. Debt Service Fund revenues are increased by $25,000 for additional revenue in Real Estate Excise Tax. B. Risk Management Fund revenues are increased by $60,000 for an operating transfer from the General Fund. REVENUES: ORIGINAL FUND BUDGETED ENDING NUMBER FUND NAME REVENUES AMENDMENTS REVENUES 001 General Fund $ 54,540,850 $ 54,540,850 101 Street Fund 7,399,050 7,399,050 102 Arterial Street Fund - - 103 Trails/Paths 8,000 8,000 105 Hotel/Motel 400,000 400,000 123 Civic Fac. Repl. 1,240,000 1,240,000 204 Debt Service 650,000 25,000 675,000 301 Capital Proj. 1,948,000 1,948,000 302 Spec. Cap. Proj. 612,000 612,000 303 Street Cap. Proj. 10,572,000 10,572,000 304 Mirabeau Pt. - - 305 Street Bond Prj. - - 306 Com. Dev. Blk Grnt 300,000 300,000 307 Cap. Grants 2,465,000 2,465,000 Ordinance 10-026 Amending 2010 Budget Page 1 of 3 308 Barker Bridge Fed. 1,767,000 1,767,000 402 Stormwater Mgmt. 4,398,015 4,398,015 501 Equipment R&R 919,000 919,000 502 Risk Management 258,000 60,000 318,000 120 Centerplace Op. 350,000 350,000 121 Service Lvl Stab. 5,400,000 5,400,000 122 Winter Weather 505,000 505,000 309 Parks Cap. Prj. 820,000 820,000 310 Civic Fac. Capital 5,827,000 5,827,000 Totals $ 100,378,915 $ 85,000 $ 100,463,915 Section 2. Expenditures Appropriated. To appropriate the amendments from the above estimated revenues and transfers for each separate fund, the expenditure appropriations for the period January 1 through December 31,2010 are amended as set forth below: EXPENDITURES/APPROPRIATIONS: FUND ORIGINAL ENDING NUMBER FUND NAME APPROPRIATIONS AMENDMENTS APPROPRIATIONS 001 General Fund $ 54,540,850 $ 54,540,850 101 Street Fund 7,399,050 7,399,050 102 Arterial Street Fund - 103 Trails/Paths 8,000 8,000 105 Hotel/Motel 400,000 400,000 123 Civic Fac. Repl. 1,240,000 1,240,000 204 Debt Service 650,000 25,000 675,000 301 Capital Proj. 1,948,000 1,948,000 302 Spec. Cap. Proj. 612,000 612,000 303 Street Cap. Proj. 10,572,000 10,572,000 304 Mirabeau Pt. - - 305 Street Bond Prj. - 306 Coin.Dev. Blk Grnt 300,000 300,000 307 Cap. Grants 2,465,000 2,465,000 308 Barker Bridge Fed. 1,767,000 1,767,000 402 Stormwater Mgmt. 4,398,015 4,398,015 501 Equipment R&R 919,000 919,000 502 Risk Management 258,000 60,000 318,000 120 Centerplace Op. 350,000 350,000 121 Service Lvl Stab. 5,400,000 5,400,000 122 Winter Weather 505,000 505,000 309 Parks Cap. Prj. 820,000 820,000 310 Civic Fac. Capital 5,827,000 5,827,000 Totals $ 100,378,915 $ 85,000 $ 100,463,915 These amendments include an increase to the Risk Management Fund of $60,000 for liability, unemployment and property insurance premium increases; an increase to the Debt Service Fund of $25,000 to allow for the accrual of the Debt Service attributable to December 2010, but will not be paid until 2011. Ordinance 10-026 Amending 2010 Budget Page 2 of 3 i Section 3. Closing of Funds. The Community Development (CD) Block Grant Fund (306) is no longer needed by the City and is hereby closed. 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 14th day of December,2010. )41.IP Allf / t ATTEST: *omas E.Towey,Mayor iiristine Bainbridge,City Clerk Approved as to form: O"ice o 4 he City • IP ney Date of Publication: /49-7,71 �e.)/d Effective Date: /a--„ '- d/C.) Ordinance 10-026 Amending 2010 Budget Page 3 of 3