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HomeMy WebLinkAboutReg 2007-12-03 Item 6H - Ordinance - Amend 2007 Budget Water Sewer Revenue Bond Fund COUNCIL AGENDA SYNOPSIS Irntrars ITEM No. I 1 2 Meeting Date I Prepared by t Mayor's revrew Cg r renew 1 i. r= I 12/03/07 I KAF I (.i� ITEM INFORMATION I CAS NUMBER. 1LfB 1 ORIGINAL AGENDA DATE. 12/3/2007 AGENDA ITEM TITLE 2007 Proposed Budget Amendments CATEGORY Discussion Motion Resolution Ordinance n Bid Award PitblicHeanng Other M Date Mtg Date Mtg Date Alta Date 12/3/07 Altg Date ill g Date AN Date SPONSOR Council Ma_yor- n Adin Svcs U DCD Finance Fire n Legal n P &R Police PW SPONSOR'S Attached for review are the proposed amendments to the 2007 Budget. SUNINI: \R1' RI•:\'II .WED BY COW Mtg. n CA &P Cmte F &S Cmte Transportation Cmte Utilities Cmte Arts Comm. n Parks Comm. Planning Comm. DA•1t:: 12/3/2007 RECOMMENDATIONS: SPONSOR /ADMIN. Approve amendment as submitted COMMIT .E Will be reviewed directly before the Regular Meeting COST IMPACT FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $222,061 $0 $222,061 Fund Source: Comments MTG. DATE 1 RECORD OF COUNCIL ACTION 12/03/07 I I I MTG. DATE ATTACHMENTS 12/03/07 Informational Memo from Finance Director dated November 26, 2007 Detail of Final Adjustments for the 2007 Budget Ordinance in Final Form To: Mayor and Finance Safety Committee J'II r From: Kevin A. Fuhrer, Finance Director li Date: November 26, 2007 Subject: 2007 Budget Amendment As we near the end of our fiscal year, we customarily assess our actual financial performance with the adopted budget. On the heels of that analysis, an amendment to the 2007 Budget is proposed as detailed in the following attachment. The amendment is necessary to give recognition to the principal and interest payments related to the 2006 Revenue Bonds that were issued for the Allentown/Foster Point Water /Sewer /Surface Water Improvement Project. i look forward to reviewing this information with you on Monday, December 3rd. k% 6\ 7 ƒ CO 7 f cc \k m m ©2 o c) 9 7 <0 c) 6 cs'. t o r e SGS V l 7 co cc 0 4 a A ‘A .-t0 a A 2\ 2 70 7\ SSA c7% 2 m 0.1. S 9 c co al CO ƒ 6ca c) r--- o co co. y 9 4 1 1 2 Q o 4 \c CD 3 w k a k CD ƒ r— 7 U 0 4 Csa (L5,- Aga 1908 City of Tukwila Washington Ordinance No. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, AMENDING THE 2007 BUDGET ADOPTED BY ORDINANCE NO. 2147, PROVIDING FOR UNANTICIPATED REVENUE AND EXPENDITURES IN THE WATER/SEWER REVENUE BOND FUND; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the Water /Sewer Revenue Bond Fund received revenues in excess of anticipated amounts during 2007; and WHEREAS, the Water /Sewer Revenue Bond Fund requires an increase in appropriations for operating expenditures; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. The following program categories in the 2007 budget, as adopted by Ordinance No. 2147, are hereby amended to read as follows: WATER/SEWER REVENUE BONDS FUND 404 Revenues: 404.397.720.00.00 $88,000 404.397.820.00.00 $134,061 Total Revenues $222.061 Expenditures: 404.00.582.380.72.00 $88,000 404.00.592.380.83.00 $134,061 Total Expenditures S277.061 Section 2. Ordinance No. 2147 is hereby amended by revising the summary of totals of estimated revenues and appropriations and the aggregate total to reflect the foregoing increases in revenues and appropriations as set forth in Section 1 of this ordinance. Section 3. The Finance Director is hereby authorized and instructed to effectuate the necessary changes in the 2007 Budget, and to make all necessary and appropriate line item entries and adjustments in order to reflect the increases to revenues and appropriations as set forth in this ordinance. Section 4. Severability. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance or its application to any person or situation should be held to be invalid or unconstitutional for any reason by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this ordinance or its application to any other person or situation. C. Documents and Settings All lisers Desktop \Kelly \MSDATA \Ordinances \Budget Amendment 2007.doc KF:ksn 11/29/2007 Page 1 of 2 Section 5. Effective Date. This ordinance or a summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force and effect five days after passage and publication as provided by law. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of 2007. ATTEST /AUTHENTICATED: Steven M. Mullet, Mayor Jane E. Cantu, CMC, City Clerk Filed with the City Clerk: APPROVED AS TO FORM BY: Passed by the City Council: Published: F.ffective Date: Office of the City Attorney Ordinance Number: C \Documents and Settings \All Users\ Desktop Kelly \:.'ISDATA\Oidinances \Budget Amendment 2007.doc KF:ksn 11/29/2007 Page 2 of 2