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HomeMy WebLinkAboutReg 2005-12-05 Item 8D - Ordinance - 2005 Budget Amendments COUNCIL AGENDA SYNOPSIS h k J 44A Luttals ITEM NO. e I41 a tbieeting Date 1 Prepared by 1 Ma} or's review Council review ■SS r t 12/05/05 KAF is, LP 1 ITEM INFORMATION CAS NUMBER. 05-160 I ORIGINAL AGENDA DATE. DECEMBER 5, 2005 AGENDA ITEM TITLE 2005 Proposed Budget Amendments CATEGORY Discusszon Motzon Resolutzon Ordinance Bzd Award Public Hearzng Other Mtg Date Mtg Date Altg Date 12/05/05 Mtg Date Mtg Date Altg Date Altg Date SPONSOR Council Maj'or Adm Svcs DCD Finance Fire Legal P&R Police PW SPONSOR'S Attached for review are the proposed amendment to the 2005 Budget. SUMMARY REVIEWED BY COW Mtg CA &P Cmte F &S Cmte Transportation Cmte Utilities Cmte Arts Comm. Parks Comm. Planning Comm. DATE. December 5, 2005 RECOMMENDATIONS: SPONSOR /ADMIN Approve amendment as submitted COMMITTEE Same COST IMPACT FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $370,000 $0 $0 Fund Source Comments MTG. DATE I RECORD OF COUNCIL ACTION MTG. DATE I ATTACHMENTS 12/5/05 Cover Memo from Finance Director Detail of Final Adjustments for the 2005 Budget Draft Ordinance Amending the 2005 Budget To: Mayor and City Council From: Kevin A. Fuhrer, Finance Director ,fL Date: December I, 2005 Subject: 2005 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 2005 Budget is proposed as detailed in the following attachment. The amendment will be reviewed with the Finance and Safety Committee preceding the Council meeting, I look forward to reviewing this information with you on Monday, December 5. General Fund 000 2005 Budget Amendment Revenues: Sales Tax Franchise Fees Total Revenues 313 100 00 321 91000 $ 320,000 $ 50,000 $ 370,000 Expenditures: Transfer Out to Fund 411 Total Expenditures 597 760 00 $ 370,000 $ 370,000 if/} fD)l; Lm R lr b" lIO fU If u AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, AMENDING THE 2005 BUDGET ADOPTED BY ORDINANCE NO. 2079, PROVIDING FOR UNANTICIPATED REVENUE TRANSFERS AND EXPENDITURES IN THE GENERAL FUND; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE, WHEREAS, the General Fund received revenues in excess of anticipated amounts during 2005, and WHEREAS, the Foster Golf Course Fund will require a transfer from the General Fund due to a fund balance shortfall; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. The following program categories in the 2005 budget, as adopted by Ordinance No. 2079, are hereby amended to read as follows: GENERAL FUND -- 000 Revenues: Sales Tax ................................................... .31310000,.. $320,000 Franchise Fees..............................................321 91000... $ 50,000 Total Revenues...................... .........................,.................. $370,000 Expenditures: Transfer Out to Fund 411...........................597 76000... $370,000 Total Expenditures .............. .................,..,........................ $370,000 . Section 2, Ordinance No. 2079 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 2005 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. 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 (5) 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 , 2005 AITESTj AUTHENTICATED: Steven M. Mullet, Mayor Jane E. Cantu, CMC, City Clerk APPROVED AS TO FORM BY Filed with the City Clerk: Passed by the City Council. Published. Effective Date: Ordinance Number Office of the City Attorney C\Documents and Settings\All Users\Desktop\Kelly\MSDATA \Ordinances\Budget Amendment 2005.doc KEksn 12/2/2005 Page 1 of 1