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Ordinance 06-028 Amending 2006 Budget CITY OF SPOKANE VALLEY SPOKANE COUNTY,WASHINGTON ORDINANCE NO. 06-028 AN ORDINANCE AMENDING ORDINANCE NO. 06-014 PASSED BY THE CITY COUNCIL ON JUNE 13, 2006 AND ENTITLED "AN ORDINANCE OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY, WASHINGTON," WHICH AMENDED ORDINANCE NO. 05- 029, TILE ADOPTED BUDGET FOR TAE PERIOD OF JANUARY 1, 2006 THROUGH DECEMBER 31, 2006, APPROPRIATING FUNDS AND ESTABLISHING SALARY SCHEDULES FOR ESTABLISHED POSITIONS." WHEREAS, subsequent to the adoption of the 2006 annual budget, it has become necessary to make changes by adding new revenue, appropriations, amendments, 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. 06-014, as adopted or amended, adopted a budget for the twelve months ending December 31, 2006. Each item, revenue, appropriation, and fund is hereby amended as follows. A. General Fund of the 2006 budget is amended to include an additional $1,300,000 in unrestricted carryover fund balance from 2005. Sales Tax receipts are increased $722,000 for a total increase in general fund revenues of$2,022,000. 13. CD Block Grant Fund revenues are increased by $2,000 for a contribution from the General Fund. C. Interest income in the Street Fund is increased $45,000 representing additional interest generated by a greater than estimated fund balance and increasing interest rates. D. Grant proceeds for flashing school warning signals increases the Street Fund revenue by $24,000. E. Grant proceeds and unrestricted fund balance provide revenue for two full width pavement projects in the Stormwater Fund. For purposes of these budget amendments; Exhibit "A" is attached hereto and incorporated by this reference as set forth in full. Ord inilnce 06-028 Amending 2006 Budget Page I of 3 REVENUE ; FUND FUND JUNE 2006 AMENDED! ENDING ' NUMBER NAME ` BUDGETED REVENUES AMENDMENTS REVENUES 001 GENERAL $ 32,410,841 S 2,022,000 $ 34,.432.841 101 STREET $ 4,168,856 $ 69,000 $ 4.235,858 102 ARTERIAL ST. 588,655 $ - $ 568,855 103 TRAILS1PATHS $ 23.053 $ - $ 23,053 105 HOTEUMOTEL $ 400.667 $ - $ 400,667 204 DEBT SERVICE 5 600000 $ - $ 800,000 301 CAPITAL PROJ. 5 1,210000 $ - 3 1.210,000 • 302 SPEC. CAP. PRJ $ 1,070.713 $ - 5 1,070.713 • 303 STREET CAP PRJ $ 8.585.843 $ - $ 8,385,843 1 304 MIRABEAU PT $ 783,205 S - 5 783,205 1 305 STREET BOND PRJ $ 1,202,460 $ - $ 1,202,460 306 COM 0EV SLK 0RNT S - $ 2,000 $ 2.000 307 CAR GRANTS 8,211,000 $ - $ 8,211,000 308 BARKER BRDGE FED $ . 800,400 $ - $ 890,400 309 PARKS CAP. PRJ $ 1,300.000 5 - $ 1,300,000 ' 310 CIVIC BUILDING 5 1,100.000 $ - $ 1,100,000 120 CENTERPLACE OP. 5 300,000 $ - S 300.000 121 SERVICE LEV. STAB 5 1,000,000 $ - 1.000,000 122 WINTER WEATHER $ 500,000 5 - $ $00,000 402 STORMWATER $ 1,621.534 $ 09,000 $ 1,710,534 501 EQUIP REPL& RES $ 693,257 $ - 5 093,257 502 RISK MGMT $ 189.939 $ - _ S 189939 TOTALS $ _ 56,629,223 5 2 182 000 $ 68,810223 Section 2. Expenditures Appropriated. '1'o appropriate the amendments from the above estimated revenues and unrestricted beginning fund balances for each separate hind, the expenditure •• appropriations for the period January 1 through December 31, 2006 are amended as set forth below. L PE DI'1URES/AP17R0PR1ATIONS: i rLND FUND JUNE 2008 AMENDED TOTAL NUMBER NAME _. APPROPRIATIONS AMENDMENTS APPROPRIATIONS 001 GENERAL $ 32,410,64'4 $ 2,022,000 5 54,432,641 101 STREET $ 4.158,856 $ 69.000 $ 4,235,858 102 ARTERIAL ST_ 5 566,655 5 - S 668,655 103 TRA1LS?PATHS $ 23,053 $ - $ 23,053 105 HOT'EUMOTEL $ 400,1357 S - $ 400,6437 204 DEBT SERVICE 1 600,040 $ - 5 600,000 301 CAPITAL PROJ. $ 1.210,000 $ - $ 1,210,000 302 SPEC. CAP. PRJ 5 1.070,713 5 - S 1,070,713 I 303 STREET CAP PRJ $ 8,385,843 $ - $ 8,385,843 304 MIRAi3EAU PT $ 753,205 S - $ 763,205 305 STREET BOND PRJ $ 1,202.460 $ - 5 1,202.460 306 COM DEV 13L1< GRNT $ - 1 2.000 $ 2.000 307 GAP. GRANTS 5 8,211.000 $. - $ 8,211,000 3478 BARKED BRDGE FED $ 890.400 $ - $ 890.400 309 PARKS GAP. PRJ $ 1.300,000 $ - $ 1.300,000 • 310 CIVIC FACILITIES $ 1,100,000 $ - 5 1,100,000 120 CENTERPLACE OP, 5 300.000 $ - 5 300.000 • 121 SERVICE LEV_ STAB $ 1,000.000 5 - 5 1,000.000 122 WINTER'IN EATHER. $ 500,000 S - $ 5.00,000 ' 402 STORMY ATER $ 1.521,534 5 80,000 $ 1,710,534 501 EQUIP REPL Et RES 503,257 $ - $ 603,257 502 RISK MGMT 5 189,930 $ - S 189,'039 TOTALS $ 68.828,223 S 2,182.000 $ 58,610,223 Ordinance 06-02g Amending 2006 Bud go. Page 2 of 3 • These amendments include a transfer from the General Fund to the Civic Buildings Capital Projects Fund of$1,500,000; a $400,000 addition to the sheriffs contracts for settle and adjust costs occurring in the General Fund; a $2,000 increase in the CD Block Grant Fund for interest on an inter-fund loan; a $45,000 increase in appropriations in the Street Fund to update street construction standards as approved by the city council on October 10, 2006; a $50,000 increase in appropriations for remaining 2006 costs of the Sprague/Appleway Corridor Revitalization Plan study; $70,000 in payments to the Library District for delinquent taxes related to the 2005 property tax levy; $24,000 for Street Fund flashing school warning lights; and $89,000 for full width pavement of two Stormwater Fund projects. Section 3. Positions. The City of Spokane Valley's number of full-time equivalent positions is 63.8. 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 12th day of December, 2006. A 0- 1-1/V\A-4. , kt L Diana Wilhite, Mayor .._ . I�.. pristine l3ainbridge, City Cler Approved as to form: ice c f t e C,„ /. ity ttorney Date of Publication: 12-22-06 Effective Date: 12-27-06 Ordinance 06-028 Amending 2006 Budget Page 3 of 3 City of Spokane Valley Exhibit A Amendments to 2006 Budget Nov-06 REVENUE EXPENDITURE Fund INCREASE INCREASE Explanation GENERAL Unrestricted fund balance $ 1,300,000 Transfer to Civic Facilities Fund $ 1,500.000 Set S aside for civic facilities Sales tax $ 722,000 $ - Increase to current estimate SpraguelAppleway Revit. Plan $ 50,000 To increase to OS proiected costs Delinquent tax for library $ 70,000 Per contract with library dist. Transfer to Corn. Dev. Block Grant S 2,000 to pay interest on can Public Safety Contracts $ 400,000 Pay settle end adjust Costs General Fund Totals S 2,022,000 S 2,022,000 Community Dev.Block Grant General fund contibution $ 2,000 Transfer from Gen.Fund Interest expense $ 2,000 Interest on interfund loan Street Interest income $ 45,000 To update street construction Professional services $ 45,000 standards as approved 10-10-06 Flashing school signal grant $ 24,000 $ 24,000 Flashing signal lights Storm Water Block grant&unrest. Fund bal. $ 50,000 Vera Terrace fua width paving of Full paving of sewer project S 50,000 block grant project Unrestricted fund balance $ 39,000 Orchard full width paving of Full paving-Orchard sewer line $ 39,000 sewer project from 2005 GRAND TOTALS---> $ 2,182,000 $ 2.182,000 :Budgetamendx 12/12/2006