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HomeMy WebLinkAboutCOW 2003-10-13 Item 4C - Ordinance - Amend 2003 Budget1 Meeting Date I 10/13/03 CAS Number: 03-128 1 Agenda Item Title: Original Sponsor: Timeline: Sponsor's Summary: Meeting Date 10/13/03 10/13/03 10/13/03 10/13/03 COUNCIL AGENDA SYNOPSIS Prepared by ARD Ordinance amending the 2003 Budget Council Admin. Initials 1 Mayor's review 1 Council review 1 I F i'-'-> 1 l L. I 1 .:j ai t.;v Original Agenda Date: 10/13/03 X Approve at October 20, 2003 Regular Meeting Amends budget for previous motions to increase budget expenditures along with several other proposed changes. Recommendations: Sponsor: Approve as submitted Committee: Finance Safety Committee approved at October 6, 2003 meeting. Administration: Same as sponsor Cost Impact (if lmown): See Attached Fund Source (if known): See Attached Action Meeting Date 1 Attachments Proposed Ordinance amending 2003 Budget Staff report dated October 2, 2003 Minutes from the October 6, 2003 Finance Safety Committee meeting ITEM No. C L� CI AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, AMENDING THE 2003 BUDGET ADOPTED BY ORDINANCE NO. 2008, PROVIDING FOR UNANTICIPATED REVENUES, EXPENDITURES AND TRANSFERS IN THE GENERAL, VALLEY NARCOTICS ENFORCEMENT TEAM (VNET), FACILITY REPLACEMENT, AND EQUIPMENT RENTAL FUNDS; ESTABLISHING LIMITED TAX G.O. BONDS, 2003 FUND 209 AND LIMITED TAX G.O. REFUNDING BONDS, 2003 FUND 210 AND REPLACING LIMITED TAX G.O. BONDS, 1994 FUND 201, WITH INITIAL REVENUES AND TRANSFERS, AND EXPENDITURES FOR 2003, PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City finds it necessary to increase expenditures and transfers for the City Parlcs Department, and Department 20 General Fund expenditures; and WHEREAS, the City finds it necessary to increase the expenditures for the VNET, Facility Replacement, and Equipment Rental Funds, and make other adjustments and transfers; and WHEREAS, the City has received an indirect grant from the Federal government for Foster Playground equipment; and WHEREAS, the Police Chiefs of VNET have agreed to release $240,000 of Federal Seized funds to the six member organizations; and WHEREAS, the City has issued new bonds benefiting the Arterial Street and Foster Golf Course Funds, and the City has issued Refunding Bonds for the Limited Tax G.O. Bonds, 1994 Fund 201; and WHEREAS, the City is required to provide debt service payments in 2003 and make appropriate internal transfers; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. The following program categories in the 2003 budget, as adopted by Ordinance No. 2008, are hereby amended to read as follows: GENERAL FUND 000 Revenues: Federal Grant Foster Playground 333 140 20 $29 9RR Expenditures: Parks Salaries Wages Extra Labor Parks 15 576 800 10 $20,000 Personnel Benefits Parks 15 576 800 20 10,000 Supplies Parks 15 576 800 30 20,000 Other Services Charges- Utilities Parks 15 576 800 40 10,000 Capital Outlays Foster Playground Parks 15 594 760 60 29.988 Sub Total Parks $89,988 Includes grant funding and operations costs exceeding original budget. Budget Amendment 200310/10/03 1 GENERAL FUND 000 (Continued) Contributions /Fund Balance Personnel Benefits PERS Payoff 20 517 210 20 $63,000 Intergovernmental Professional Services ACC 20 531 900 50 50,000 Other Services Charges- Professional Services 20 532 200 40 83,000 Other Services- Repair Demolition Fund 20 532 200 40 40,000 Estimated Ending Unreserved Fund Balance 20 291 840 00 (296,000) Sub -Total (60,000) Total Expenditures General Fund $29.988 Additional ACC payment, retirement payoffs, Washington, D.C. consultant, and Repairs Demolition Revolving Fund. VNET FUND -102 Expenditures: Estimated Ending Unreserved Fund Balance 291 840 00 ($240,000) Other Services Charges Misc. Fed. Funds 521 210 40 240,000 Net Change 0- To allocate $40,000 to each of six VNET partners. LIMITED TAX G.O. BONDS, 1994 FUND 201 Revenues: Proceeds of Refunding Long -Term Debt 393 000 $4,455,000 Local Retail Use Tax 313 100 00 (116,948) Total Revenues 4.338.052 Expenditures: Estimated Ending Unreserved Fund Balance 291 840 ($301,549) Debt Issue Costs 599 890 80 93,251 General Obligation Bonds 599 890 70 4,247,800 Interest on Long -Term Ext. Debt 599 890 80 113,950 Transfer -Out to 209 Fund 597193 184.600 Total Expenditures g4 $38 -052 To close out 201 fund and transfer assets to the 209 Fund and revenues to the new 210 Fund effective 10/1/03 Also, to provide budget for refunding proceeds and expenditures. LIMITED TAX G.O. BONDS, 2003 FUND 209 Revenues: Transfer -In from 201 Fund 397193 00 $184.600 Expenditures: Interest on Long -Term Ext. Debt 592 950 80 $50,000 Estimated Ending Unreserved Fund Balance 291 840 00 134.600 Total Expenditures 5184.600 New Fund for 2003 bond issue. LIMITED TAX G.O. REFUNDING BONDS, 2003 FUND 210 Revenues: Local Sales Use Tax 313 100 00 116.9 Expenditures: Estimated Ending Unreserved Fund Balance 291 840 00 X116.9 Establish fund to replace 201 Fund. FACITLITY REPLACEMENT FUND 302 Expenditures: Estimated Ending Unreserved Fund Balance 291 840 00 ($130,000) Other Srvcs. Chgs. Prof. Service Connectivity 532 200 40 130 Total LI Revised contract for Asset Analytics. Budget Amendment 2003 10/10/03 2 EQUIPMENT RENTAL 501 Expenditures: Estimated End. Working Capital 02 293 800 00 ($150,000) Capital Outlays 02 594 480 60 150.000 Total To fund capital carryovers from 2002 and early 2004 replacements. Section 2. Ordinance No. 2008 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 2003 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 o f 2003. ATTEST AUTHENTICA1hU: Jane E. Cantu, CMC, City Clerk APPROVED AS TO FORM BY: Office of the City Attorney Budget Amendment 200310/10/03 Steven M. Mullet, Mayor Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: 3 To: Finance Safety Committee From: Alan R. Doerschel Q Date: October 2, 2003 Subject: 2003 Budget Amendment The attached proposed 2003 Budget Amendment would put into formal action the Budget motions made previously during the year. Also, the budgetary implications of the 2003 Bond Issue recently passed and the upcoming Refunding Bond Issue are reflected in the Ordinance. Finance and Safety Committee October 6, 2003 Present: Joe Duffle, Chair; Jim Haggerton, Richard Simpson Alan Doerschel, Rhonda Berry, Lucy Lauterbach 1. Refinancing 1994 Bond Issue In 1994 the City issued bonds for building a new community center and fire station. The committee considered a new bond to replace those older bonds at a lesser rate that will save the City money. This was not done with the other recent bond to avoid a limit for the bonding. A chart showed savings of about $26,000 each year until the bonds mature in 2014. This will be handled in the same manner as the recent bond, with the final interest numbers being added on the night of the Council meeting the bond is on the agenda.. Recommend bond to COW. 2. Cancellation of Accounts Receivable Each year the City gives up on collecting some revenues owed it because neither the city nor the collection agency is able to get the funds. The largest bill is owed by Loews Theater, which went bankrupt. Another large fee was from David L. Wilson, who damaged city property (sewer facility) and is not able to pay the cost. Alan said the $18,974 amount is about what is has always been. Recommend issue to COW. 3. Write Off of Warrants, Checks and Gift Certificates Just as the City is owed some monies it cannot collect, so do some people not cash city certificates or small checks. The largest credit balances come from the court, and golf course certificates are also often unused. After understanding how that happens, the committee recommended the resolution. Recommend resolution to COW. 4. Witness Fee Increase Because the current level of funding witnesses is $200 every two week period, it is often not enough, and court personnel have to come to Finance for more funding. By raising the amount to $500, it should allow the court to pay witness vouchers as they get them. Alan will need to do a budget amendment. Recommend increase in revolving_ fund to COW. 5. 2003 Budget Amendment Alan went through the items in the budget amendment. They have all but one been to Council before. On the revenue side, a grant for Foster playground came in, and in the spring some summer help was hired to help clean the parks. There was a large payoff of unused vacation/sick leave for John McFarland who was a PERS 1 employee. Extra funds for ACC and for the DC lobby firm of Michelle Guigere who was re -hired after the first of the year added costs. Funds were added to demolish the burned house on Poverty Hill (the money will be put as a lien against the house). We got money from six cities for V -Net, as we are the financial city for that fund now. The proceeds and expenditures from the bond recently passed are included, as are costs for the new bond being considered now. Recommend ordinance to COW. 6. Lodging Tax Advisory Board Two new members are being added to the LTAB, bringing the number on the Board to 9. Alan said the new members should be good additions: one is from the Doubletree and one from Starfire, so a contributor and beneficiary balance one another. An ordinance will be needed to make the formal change. Recommend issue to COW. L i Committee chair approval