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1908
CITY OF TUKWILA
WASHINGTON
ORDINANCE NO.
AN ORDINANCE OF THE CITY OF TUKWILA, WASHINGTON,
AMENDING THE 1986 BUDGET ADOPTED BY ORDINANCE NO. 1375
OF THE CITY, PASSED BY THE TUKWILA CITY COUNCIL ON
DECEMBER 16, 1985, RE- ADOPTED PER ORDINANCE NO. 1377
ON JANUARY 13, 1986, AMENDED BY ORDINANCE NO. 1391
ON MAY 19, 1986, AND AMENDED BY ORDINANCE NO. 1406 ON
NOVEMBER 3, 1986 TO APPROPRIATE WATER /SEWER REVENUE
BOND PROCEEDS AND REDEEM OUTSTANDING BOND ANTICIPATION
NOTE, AND PAY DEBT ISSUANCE COSTS IN THE WATER /SEWER
CONSTRUCTION FUND, AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, at the time of the adoption of the 1986 Budget, issuance of
Water /Sewer Bonds was not budgeted, and
WHEREAS, water /sewer rate increases to provide debt service coverage
were not yet implemented, and
WHEREAS, the City Council deems it necessary to appropriate bond
proceeds for Water /Sewer Bond Anticipation Note redemption and related bond
issuance costs,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON,
DO ORDAIN AS FOLLOWS:
Section 1. The final budget for the fiscal year 1986, as adopted by
Ordinance No. 1375, passed by the City Council on December 16, 1985, readopted
per Ordinance No. 1377 on January 13, 1986, amended by Ordinance No. 1391 on
May 19, 1986, and amended by Ordinance No. 1406 on November 3, 1986, is hereby
amended to change the line items specified below to read as follows:
WATER /SEWER CONSTRUCTION FUND
Revenues:
403 382 200 Revenue Bond Proceeds 3,600,000
Expenditures:
403/03 582 000 76 Redemption Fund Debt Principal 2,900,000
403/03 592 380 84 Debt Issue Costs 140,000
403/03 592 380 85 Debt Registration Costs 5,000
403/03 592 380 89 Other Debt Service Costs 10,000
403/03 293 800 Est. Ending Working Capital 545,000
TOTAL EXPENDITURES 3,600,000
Section 2. Ordinance No. 1375, passed by the City Council on Decem-
ber 16, 1985, readopted per Ordinance No. 1377 on January 13, 1986, amended
by Ordinance No. 1391 on May 19, 1986, and amended by Ordinance No. 1406 on
November 3, 1986, is hereby amended by revising the summary of totals of esti-
mated revenues and appropriations for each separate fund and the aggregate
total of all such funds combined incorporated in said ordinance to reflect the
foregoing increases in revenues and appropriations as set forth in Section 1
of this ordinance.
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CITY OF TUKWILA 1986 Budget Amendment
ORDINANCE Page 2
Section 3. The Finance Director is hereby authorized and instructed
to effectuate the necessary changes to the 1986 budget, and to make all neces-
sary 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. This ordinance shall 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 �-z 1986.
Approy2d as to Form:
f de of the
ttorney
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
PUBLISHED RECORD CHRONICLE:
EFFECTIVE DATE:
ORDINANCE NO. /40 9
APPROVED:
61,3 e�uffie, 1 Mkyor Pro Tem
Attest /Authenticated:
Max' e /Anderson, City Clerk