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Ordinance 06-014 Amending 2006 Budget CITY OF SPOKANE VALLEY SPOKANE COUNTY, WASHING'!.ON ORDINAN E.NO. 06-014 AN ORDINANCE AMENDING ORDINANCE NO. 05-029 PASS.E1) BY THE CITY COUNCIL ON NOVEMBER 15, 2005 AND ENTITLED "AN ORDINA144CE OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY, WASHINGTON, ADOPTING A BUDGET FOR THE PERIOD OF JA.N1JA Y I, 2006. THROUGH :DECEMBER 31, 2006 APPROPRIATING FUNDS, ESTABLISHING HANDS, AND ESTABLISHING SALARY SCA LIKIJ.ES FOR ESTABLISHED POST r1. NS 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 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. 05-029, as adopted or amended, adopted a budget for the twelve months ending December 31, 2006. Each item, revenue, appropriation, and fund are hereby amended as follows. A. General Fund of. the 2006 budget is amended to include $940,000 representing carryover fund balance from 2005. Sales Tax receipts are increased $1,400,000, gambling taxes are increased $100,000, tines and forfeitures are decreased $100,000, service fees are increased by $85,000, and investment earnings are increased by $100,000 tar a total increase in fund revenues oF$2;525,000" 8" Street Bond Capital 'Projects Fund of the 2006 budget is amended to provide for an additional appropriation in the amount of $300,000 funded through carried over unrestricted fund balance. C. Barker Bridge Reconstruction Fund revenues of the 2006 budget are amended to provide for an additional $332,400 funded through Federal Grant proceeds. D. Street Operating Fund of the 2.006 budget is amended to include grant receipts to pay for flashing school zone warning lights in the amount of$35,600. For purposes of these budget amendments. Exhibit "A°' is attached hereto and incorporated by this reference as set forth in full, Ordinance 06-014 Amending 2006 Bud gel Page I n13 REVENUES: FUND FUND ORIGINAL BUDGETED ENDING NUMBER NAME REVENUES AMENDMENTS REVENUES 001 GENERAL $ 29,885,641 S 2,525,000 $ 32,410,641 101 STREET $ 4,131,256 S 35,600 $ 4,166,856 102 ARTERIAL ST. $ 568,655 S - $ 568,655 103 TRAILS/PATHS $ 23,053 $ - $ 23,053 105 HOTEL/MOTEL S 400,667 $ - $ 400,667 204 DEBT SERVICE $ 600,000 $ - $ 600,000 301 CAPITAL PROJ. $ 1,210,000 $ - $ 1,210,000 302 SPEC. CAP. PRJ $ 1,070,713 $ - $ 1,070,713 303 STREET CAP PRJ $ 8,385,843 $ - S 8,385,843 304 MIRABEAU PT $ 783,205 $ - $ 783,205 305 STREET BOND PRJ $ 902,460 $ 300,000 $ 1,202,460 306 COM DEV BLK GRNT $ - $ - $ - 307 CAP. GRANTS $ 8,211,000 S - $ 8,211,000 308 BARKER BRDGE FED $ 558,000 $ 332,400 $ 890,400 309 PARKS CAP. PRJ $ 1,300,000 S - $ 1,300,000 310 CIVIC BUILDING $ 1,100,000 S - $ 1,100,000 120 CENTERPLACE OP. $ 300,000 $ - $ 300,000 121 SERVICE LEV. STAB S 1,000,000 $ - $ 1,000,000 122 WINTER WEATHER $ 500,000 $ - $ 500,000 402 STORMWATER $ 1,621,534 $ - $ 1,621,534 501 EQUIP.REPL&RES $ 693,257 $ - S 693,257 502 RISK MGMT $ 189,939 $ - 5 189,939 TOTALS $ 63,435,223 $ 3,193,000 5 66,628,223 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, 2006 are amended as set forth below. EXPENDITURES/APPROPRIATIONS: FUND FUND 2006 ORIG TOTAL NUMBER NAME APPROPRIATIONS AMENDMENTS APPROPRIATIONS 001 GENERAL $ 29,885,641 S 2,525,000 $ 32,410.641 101 STREET $ 4,131,256 S 35,600 $ 4,166.856 102 ARTERIAL ST. $ 568,655 $ - S 568,655 103 TRAILS/PATHS $ 23,053 $ - $ 23,053 105 HOTEL/MOTEL $ 400,667 $ - $ 400,667 204 DEBT SERVICE $ 600,000 $ - $ ' 600,000 301 CAPITAL PROJ. $ 1,210,000 $ - $ 1,210,000 302 SPEC. CAP. PRJ $ 1.070,713 $ - $ 1,070,713 303 STREET CAP PRJ $ 8,385,843 $ - $ 8,385,843 304 MIRABEAU PT $ 763,205 $ - $ 783,205 305 STREET BOND PRJ $ 902,460 $ 300,000 $ 1.202,460 306 COM DEV BLK GRNT $ - $ - $ - 307 CAP. GRANTS $ 8,211,000 $ - $ 8,211,000 308 BARKER BRDGE FED $ 558,000 $ 332,400 $ 890,400 309 PARKS CAP,PRJ S 1,300,000 $ - $ 1,300,000 310 CIVIC FACILITIES S 1,100,000 $ - $ 1,100,000 120 CENTERPLACE OP. S 300,000 S - $ 300,000 121 SERVICE LEV.STAB S 1,000,000 S - S 1,000,000 122 WINTER WEATHER $ 500,000 $ - $ 500,000 402 STORMWATER $ 1,621,534 $ - S 1,621,534 501 EQUIP REPL&RES $ 693,257 $ - $ 693,257 502 RISK MGMT $ 189,939 $ - $ 189,939 TOTALS $ 63.435,223 $ 3,193,000 $ 66,628,223 Ordinance 06-014 Amending 2006 Budget Page 2 of 3 Section 3. Street Capital Projects Fund Established. There is hereby established in the City treasury a fund known and designated as the "Street Capital Projects Fund" for the purpose of constructing, engineering, purchasing right-of-way and paying for related capital construction costs. Section 4. Street Bond Capital Projects Fund Established. There is hereby established in the City treasury a fund known and designated as the "Street Bond Capital Projects Fund" where street bond sale proceeds shall be deposited until needed for street capital projects. Section 5. Increase in Positions. The City of Spokane Valley's full time equivalent positions are increased from 61.8 to 63.8. Section 6. 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 7. 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 13th day of June, 2006. • 10.1UL(1..w te-u ATT° 'l/ Diana Wilhite, Mayor •. 4 ., _ • . .. -1)._________ •iristine I3ainbridgc, '*ty Clerk APPROVED AS TO FOR : 4/ O ice of the City Attorney Date of Publication: - - 3 -d0 Effective Date: t%p_ ZP_Q , Ordinance 06-014 Amending 2006 Budget I'age 3 of 3 City of Spokane Valley Exhibit A Amendments to 2006 Budget May 2006 REVENUE EXPENDITURE Fund INCREASE INCREASE Explanation GENERAL Unrestricted reserves $ 940,000 Transfer to Serv. Level Reserve $ 2,105,000 Achieve reserve target lovel Sales tax 1,400,000 - Increase to current estimate Gambling tax 100,000 - Increase to current estimate Fines/Forfeitures (100,000) - Decrease to current estimate Service fees 85,000 - Increase to current estimate Investment earnings 100,000 - Investment income is increasing Mobile data terminals for police - 200,000 Council authorized in late 05 Communications grant match - 100,000 Council authorized in Into 05 Corn. Dev. Temp.Help - 100,000 Council discussion 4.18-06 Employee training - 20,000 Planned in 05 but happened in OS General Fund Totals $ 2,525,000 $ 2,525,000 Street Fund School zone light grant S 35,600 $ 35,600 Grant for flashing lights BOND SALE PROCEEDS Unrestricted reserves 300,000 Street projects 300,000 To use up bond proceeds BARKER BRIDGE Federal Grant $ 332,400 Bridge Improv. $ 332,400 To increase to 2006 estimate GRAND TOTALS--> $ 3,193,000 $ 3,193,000 • Other significant changes which did not require a budget amendment -Pines/Mansfield project has been delayed($3 million reduction) -Bridging the Valley project did not receive state funding($2 million reduction). :Budgetamendxx5-1-06 attach A OF SCITY pokane \' tlly 1170 7 E.Sprague Ave. • Suite 106 • Spokane Valle ,WA 99206 (509)921-1000 • Fax(509)921-1008 • cityhall @spokanevalley.org June 22,2006 Washington State Auditor Division of Municipal Corporations PO Box 40021 Olympia, \VA 98504-0021 Association of Washington Cities 1076 Franklin Street SE Olympia, WA 98501-1346 Municipal Research& Services Center of Washington 2601 Fourth Ave., Ste 800 Seattle, WA 98121-1280 Spokane County Assessor's Office • 1116 West Broadway Spokane, WA 99260-0010 . RE: City of Spokane Valley 2005 Budget . Greetings: Enclosed please find a certified copy of the City of Spokane Valley Ordinance 06-014 approving the amended budget for the period January 1, 2006 through December 31, 2006, which was approved at the June 13,2006 council meeting. Sincerely, ,/'<' tr2)44:—.4 ci A ris Bainbridge, CMC II City Clerk /cb cc: Ken Thompson, Spokane Valley Finance Director Spokane C17Y UI NtStISi \iilley 117 7 E.Sprague Ave. • Suite 106 • Spokane Valle ra Valley,WA 99206 0 p9 p Y (509)921-1000 • Fax(509)921-1008 • cityhall @spokanevalley.org I, Christine Bainbridge, City Clerk for the City of Spokane Valley, Washington,do hereby certify that the attached is a full, true, and correct copy of Ordinance No. 006-014, approved by the Spokane Valley City Council at its Regular Meeting of June 13,2006. WITNESS my hand and official seal this 22nd day of June, 2006. • • ,,tttt,uttttt,, 2..,.. _ %%•% SPO• '0,, istine Bainbridge, Spo lane Valley Cr! Clerk "-pPro .J. r— - 4"ite9N4to • • •