HomeMy WebLinkAboutFS 2007-12-03 Item 2A - Ordinance - 2007 Budget AmendmentTo: Mayor and Finance Safety Committee
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From: Kevin A. Fuhrer, Finance Director ZL
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.
2007 Budget Amendment
Water /Sewer Revenue Bonds 404
Revenues:
Expenditures:
Fund
Account Add (Subtract) I1
404.397.720.00.00 88,000 2006 Revenue Bond Principal
404.397.820.00.00 134,061 2006 Revenue Bond Interest
Total Revenues 222,061
404.00.582.380.72.00 88,000 2006 Revenue Bond Principal
404.00.592.380.83.00 134,061 2006 Revenue Bond Interest
Total Expenditures 222,061
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 EfECTIVE 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 e 404
Revenues: 404.397.720.00.00 $88,000
404.397.820.00.00 $134,061
Total Revenues $277 061
Expenditures: 404.00.582.380.72.00 $88,000
404.00.592.380.83.00 $134,061
Total Expenditures $222 061
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.
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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 CliY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, at a Regular Meeting thereof this day of
2007.
ATTEST AUTHENT ICA 1'ED:
Jane E. Cantu, CMC, City Clerk
APPROVED AS TO FORM BY:
Office of the City Attorney
Steven M. Mullet, Mayor
Filed with the City Clerk:
Passed by the City Council:
Published:
Effective Date:
Ordinance Number:
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