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HomeMy WebLinkAboutFS 2011-08-11 Item 2D - Ordinance - 2011-2012 Budget AmendmentCity of Tukwila Jim Haggerton, Mayor INFORMATIONAL MEMORANDUM TO: Mayor Haggerton Finance and Safety Committee FROM: Peggy McCarthy, Interim Finance Director DATE: November 3, 2011 SUBJECT: Mid Biennial Review and Modification of the 2011 -2012 Budget ISSUE Adjust the biennial budget to reflect new policies and circumstances, to add appropriations to funds at risk of exceeding budget in order to remain in compliance with state law, and to reallocate budget authority among General Fund departments to prevent over budget situations, consistent with past City practice. BACKGROUND The mid biennial budget adjustments are a refinement of the budget and are undertaken pursuant to TMC 3.30.020 and RCW 35A.34.130. The ordinance amending the budget, if necessary, must be passed before the end of the calendar year. The purpose and type of adjustments proposed for the 2011 -2012 budget modification are as follows: Revenue Backed Expenditures These expenditures have offsetting revenue sources such as grant revenue. Reallocation of Budget Among Departments These adjustments reallocate expenditure budget from departments expected to be under budget to departments at risk of going over budget. Council Decisions Budget Additions These adjustments add budget in support of Council decisions and as a result of circumstances necessitating additional budget. Carryover of Unused Budget Unused budget is moved from 2011 to 2012. Accounting Modifications These adjustments move budget from funds and accounts no longer used to funds and accounts currently used pursuant to changes in accounting procedures for purposes of streamlining and simplification. New Initiatives The COPS Bicycle Team initiative is proposed for 2012 and beyond. A full description of this initiative will be presented by Police Chief Mike Villa under a separate memorandum. 67 INFORMATIONAL MEMO Page 2 DISCUSSION General Fund 000 The revenue backed expenditure adjustments comprise the JAG Recovery Act grant which funded a portion of the Police mobile command unit; the Emergency Management Program Grant which will fund various emergency management costs in 2012, and anticipated WCIA insurance proceeds funding repair costs for a damaged signal pole. The reallocation of budget among departments transfers budget from departments expected to be under budget for the year Public Works, Mayor's and Parks Recreation to departments at risk of going over budget City Attorney, Parks Maintenance and Department 20. City Attorney special matters account has a $100K budget but actual costs to date of $306K comprised of $94K for criminal prosecution, $69K for Desc vs. Tukwila DCD, $70K for the Wells Inverse condemnation, $19K for Reed Trucking and $19K for the Whitcutt arbitration. The Parks Maintenance salary budget excluded two staff members who were laid off at the end of 2010 but those jobs were reinstated in 2011, thus creating the over budget situation. The Department 20 claims and judgment account has a budget of $270K and to date expenditures of $405K comprised of the City's deductible portion of claims of $250K, the Fort Dent/Wells claim of $67K, and claims attributable to personnel issues of $87K. The carryover of unused budget moves budget authority from 2011 to 2012 for projects and initiatives delayed or postponed until 2012. This includes the agenda manager technology system for the Clerk's office, crime analytical software for the Police Department and Department 20 transfers to General Government Fund 303 for removal of the flood mitigation devises and associated trail restoration. Council decisions or proposals before the Council resulting in added budget or creating new budget line items include the operating loan advanced to the Metropolitan Park District for $375K in 2011 and not to exceed $725K in 2012 (this loan will be paid back beginning in 2013); $166K additional funding of the Reserve Fund 105 and a proposed $175K funding of a new permit system for the Community Development department. The latter initiative will be funded through assessment of a permit technology fee after implementation of the system. An additional $550K transfer -out to the Golf Course Fund is also proposed (see Golf Course Fund 411 below for further explanation). This 2011 transfer can be funded by a $250K budget savings within the transfers -out account (debt service was budgeted for the SCORE bonds but was paid for through SCORE start -up funds and not charged to the City) and by a $300K use of ending fund balance. The additional transfer -out to the Golf Course proposed for 2012 is $355K comprised of budgeted debt service costs of $351 and budgeted indirect cost allocation costs of $228K less the existing budget for the General Fund transfer of $225K. The new initiative would create a bicycle patrol team for the Tukwila International Boulevard neighborhood to increase police presence in the area. Police Chief Mike Villa will provide full details of the initiative under a separate memorandum. HotellMotel Tax Fund 101 The revenue backed Rock N Roll marathon expenditure for professional services is offset by revenue received from the marathon sponsors, the Competitor Group. W:12011 Info Memos- CounciRYear End Budget Amendment 11 -2 -11 a.doc 68 INFORMATIONAL MEMO Page 3 Street Fund 103 The expenditure budget carryover of $103K to 2012 is for the design work on 42 Ave S from Southcenter Blvd to S 160 These costs will be funded through ending fund balance. Arterial Street Fund 104 The revenue backed expenditure adjustment is for an anticipated grant that will be used to purchase land right of way for redesign of Andover Park West in connection with the Tukwila Transit Center project. If the grant is obtained and the right of way purchased, an additional $78K would be needed from the ending fund balance to fund the transaction. The expenditure budget carryover to 2012 of $9.2 million is primarily for the Southcenter Parkway extension project. The revenue budget carryover represents proceeds from the LID bonds that will be issued in 2012 to reimburse the City for the Southcenter Access Project costs. Contingency (Reserve) Fund 105 Additional funding of the Reserve fund occurred to comply with funding requirements of the Reserve policy, adopted by Council in 2009. Debt Service Funds 2 Fund 207 serviced the debt on the 1999 General Obligation bond. This bond was refunded in 2008. The budget adjustment transfers the remaining fund balance of $13,300 to Fund 211, the fund servicing the refunded debt. The debt service budget for Fund 215 requires an additional $6K to fully service the 2011 debt. Therefore, additional budget is added. Land Acquisition Fund 301 The expenditure budget adjustment represents planned land acquisition in 2012 and is consistent with the CIP proposal. This purchase will be funded through ending fund balance. Facility Replacement Fund 302 Unused expenditure budget is moved to 2012; funding will be accomplished through ending fund balance. General Government Fund 303 The expenditure budget carryover adjustment moves budget to 2012 for the removal of the flood mitigation devices the Hesco barriers and Super Sacks and the associated trail restoration. Expenditure budget is added for the bond funded emergency management measures undertaken in 2011 that were not budgeted including $199K for the 6300 building generator, $104K for the Police incident command vehicle and $273K for the new phone system. Water Fund 401 Expenditure budget is added to the 1995 revenue bond principal payment account as a result of Council approval of the early redemption of the 1995 revenue bond. WA2011 Info Memos- Council\Year End BudgetAmendment 11 -2 -11 a.doc •9 INFORMATIONAL MEMO Page 4 The accounting modification change moves debt service accounting to the appropriate utility funds (Funds 401, 402 and 412) from the Water Sewer Revenue Bond Fund 404 to simplify and streamline the accounting process. Sewer Fund 402 Unused expenditure budget for the Interurban Avenue gravity sewer project and other projects is moved to 2012. Additional budget is added to the Fund to cover the cost of the Andover Park West emergency sewer repair project. The accounting modification change moves debt service accounting to the appropriate utility funds (Funds 401, 402 and 412) from the Water Sewer Revenue Bond Fund 404 to simplify and streamline the accounting process. Water/ Sewer Revenue Bonds Fund 404 The accounting modification change moves debt service accounting to the appropriate utility funds (Funds 401, 402 and 412) from the Water Sewer Revenue Bond Fund 404 to simplify and streamline the accounting process. Golf Fund 411 Expenditure budget is added to support the $114K golf cart purchase. Revenue budget is added for 2011 through a transfer in from the General Fund to alleviate the current cash deficit of $279K and cover the December debt service payment of $262K. As has been discussed before by Administration and Council, the budgeted transfer in from the General Fund of $225K is not sufficient to cover the General Fund indirect cost allocation charge of $221K and the annual debt service costs of $333K. The cash deficit is a result of underfunding in 2010 as well as 2011. The additional transfer -in proposed for 2012 is $355K comprised of budgeted debt service costs of $351 and budgeted indirect cost allocation costs of $228K less the existing budget for the General Fund transfer -in of $225K. Surface Water Fund 412 Unused expenditure budget is moved to 2012; funding will be accomplished through ending fund balance. RECOMMENDATION The Council is being asked to approve the 2011 -2012 mid biennial budget amendment and consider this item at the November 28, 2011 Committee of the Whole meeting and the December 5, 2011 Regular meeting. ATTACHMENTS Draft Ordinance 2011 -2012 Mid Biennium Budget Amendment M2011 Info Memos- Council\Year End Budget Amendment 11 -2 -11 a.doc 70 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, AMENDING ORDINANCE NO. 2319, WHICH ADOPTED THE CITY OF TUKWILA'S BIENNIAL BUDGET FOR THE 2011 -2012 BIENNIUM, TO ADOPT AN AMENDED MID BIENNIUM BUDGET; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, on November 22, 2010, Ordinance No. 2319 adopted the 2011 -2012 biennial budget of the City of Tukwila; and WHEREAS, a mid biennium budget amendment was presented to the City Council in a timely manner for their review, in accordance with RCW 35A.34.130; and WHEREAS, a public hearing on the proposed mid biennium budget amendment was advertised and held on November 28, 2011; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. Ordinance Amended. Tukwila Ordinance No. 2319 is hereby amended with the City Council's adoption of the document entitled "City of Tukwila 2011 -2012 Mid Biennium Budget Amendment," incorporated by this reference as if fully set forth herein, in accordance with RCW 35A.33.075. Section 2. Estimated Revenues and Appropriations. The totals of the estimated revenues and appropriations for each separate fund and the aggregate totals are as follows: W: Word Processing \Ordinances \Budget amendment 2011 -2012 mid biennium 11 -2 -11 JF:bjs REVENUES $114,735,077 $3,796,633 $49,602,266 $4,055,708 $1,681,171 $386,900 $0 $5,210,278 Page 1 of 2 71 FUND EXPENDITURES 000 General $114,735,077 101 Hotel /Motel Tax $3,796,633 104 Arterial Street $49,602,266 105 Contingency $4,055,708 211 LTGO Refunding Bonds, 2008 $1,681,171 215 Limited Tax G.O. Bonds, 2010B $386,900 404 Water /Sewer Revenue Bonds $0 411 Foster Golf Course $5,210,278 W: Word Processing \Ordinances \Budget amendment 2011 -2012 mid biennium 11 -2 -11 JF:bjs REVENUES $114,735,077 $3,796,633 $49,602,266 $4,055,708 $1,681,171 $386,900 $0 $5,210,278 Page 1 of 2 71 Section 3. Copies on File. A complete copy of the final budget for 2011 -2012, as adopted, together with a copy of this amending ordinance, shall be kept on file in the City Clerk's Office, and a copy shall be transmitted by the City Clerk to the Division of Municipal Corporations of the Office of the State Auditor and to the Association of Washington Cities. Section 4. Corrections by City Clerk or Code Reviser. Upon approval of the City Attorney, the City Clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; references to other local, state or federal laws, codes, rules, or regulations; or ordinance numbering and section /subsection numbering. Section 5. 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 6. 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 2011. ATTEST /AUTHENTICATED: Christy O'Flaherty, CMC, City Clerk Jim Haggerton, Mayor APPROVED AS TO FORM BY: Office of the City Attorney Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: Attachment: City of Tukwila 2011 -2012 Mid Biennium Budget Amendment W: Word Processing \Ordinances \Budget amendment 2011 -2012 mid biennium 11 -2 -11 JF:bjs Page 2 of 2 72 CITY OF TUKWILA 2011 -2012 MID BIENNIUM BUDGET AMENDMENT SUMMARY 73 2011 -2012 Mid Biennial Adjusted Adopted Budget 2011 -2012 Budget Adjustment Budget Fund 000 General 114,498,450 236,627 114,735,077 101 Hotel /Motel Tax 3,758,033 38,600 3,796,633 103 City Street 1,535,171 1,535,171 104 Arterial Street 49,186,266 416,000 49,602,266 105 Contingency 3,889,448 166,260 4,055,708 107 Fire Equipment Cumulative Reserve 1,673,041 1,673,041 109 Drug Seizure Fund 614,000 614,000 207 Limited Tax G.O. Bonds, 1999 208 Limited Tax G.O. Bonds, 2000 209 Limited Tax G.O. Bonds, 2003 1,186,922 1,186,922 210 Limited Tax G.O. Refunding Bonds, 2003 1,002,825 1,002,825 211 Limited Tax G.O. Refunding Bonds, 2008 1,667,871 13,300 1,681,171 212 Limited Tax G.O. Bonds, 2009A 60,350 60,350 213 Limited Tax G.O. Bonds, 2009B 509,043 509,043 214 Limited Tax G.O. Bonds, 2010A 789,750 789,750 215 Limited Tax G.O. Bonds, 2010B 380,900 6,000 386,900 216 Limited Tax G.O. Refunding Bonds Valley Com 403,900 403,900 301 Land Acquisition, Recreation Park Development 9,792,015 9,792,015 302 Facility Replacement 3,891,877 3,891,877 303 General Government Improvements 3,658,109 3,658,109 304 Fire Improvements 430,300 430,300 401 Water 17,413,433 17,413,433 402 Sewer 15,802,626 15,802,626 404 Water /Sewer Revenue Bonds 1,322,822 (1,322,822) 405 Bond Reserve 822,000 822,000 411 Foster Golf Course 4,305,278 905,000 5,210,278 412 Surface Water 9,867,549 9,867,549 501 Equipment Rental 11,418,895 11,418,895 502 Insurance Fund 17,563,949 17,563,949 503 Insurance LEOFF 1 Fund 3,754,886 3,754,886 611 Firemen's Pension 2,995,616 2,995,616 Total 284,195,325 458,965 284,654,290 73 CITY OF TUKWILA 2011 -2012 MID BIENNIUM BUDGET AMENDMENT DETAIL 74 Biennial Budget Increase (Decrease) 2011 2012 Revenues Expenditures Revenue Backed Expenditures Revenue. JAG Recovery Act Mobile Command Unit 000.339.216.80.40 104,417 EMPG grant 000.333.970.42.00 82,210 Signal pole damage to be reimbursed by insurance (WCIA) 000.344.100.00.00 50,000 Total Revenue 154,417 82,210 236,627 Expenditures JAG Recovery Act Mobile Command Unit 000.10.594.216.64.00 previously not budgeted 104,417 Emergency Management CERT Trainer other 000.11.525.600.xx.xx 82,210 Repair costs Signal pole 000.16.594.440.64.00 50,000 Total Expenditures 154,417 82,210 236,627 Reallocation of Budget Among Departments Expenditures: City Attorney Special Matters 000.06.515.200.41.03 160,000 Parks Maintenance: Salaries 000.15.576.800.11.00 60,000 Dept 20 Claims and judgements 000.20.514.230.49.03 100,000 Public Works Unallocated budget reduction 000.13.532.100.00.05 (120,000) Mayors Unallocated budget reduction 000.03.513.100.00.05 (90,000) Parks Recreation Unallocated budget reduction 000.07.574.200.00.05 (110,000) Total Expenditures Carryover of Unused Budget Expenditures: City Clerk Agenda Manager technology system 000.03.514.300.64.00 (21,000) 21,000 Police Crime Analytical Software 000.10.594.100.64.00 (15,000) 15,000 Dept 20 Transfers -out (Fund 303, Gen Govt) 000.20.597.000.00.00 (2,000,000) 2,000,000 Est Ending Unreserved Fund Balance 000.20.291.840.00.00 2,036,000 (2,036,000) Total Expenditures Council Decisions l Budget Additions Expenditures: Dept 20 Transfers -out (Fund 105, Reserve) 000.20.597.000.00.00 166,260 Dept 20 Transfers -out (Fund 411, Golf course Fund) 000.20.597.000.00.00 550,000 355,000 Dept 20 TransferS -OUt (Fund 212 and 213 SCORE debt service) 000.20.597.000.00.00 (250,000) Dept 20 Transfers -out (Fund 215, debt service) 000.20.597.000.00.00 6,000 Dept 20 Loan to Park District 000.20.599.000.xx.xx 375,000 725,000 DCD Proposed Permit System 000.08.xxx.xxx.xx.xx 175,000 Est Ending Unreserved Fund Balance 000.20.291.840.00.00 (847,260) (1,255,000) Total Expenditures New Initiatives COP Bicycle Team Expenditures Police Department: Salaries and benefits for 3 officers 000.10.xxx.xxx.xx.xx 345,000 Care and custody of prisoners (SCORE savings) 000.10.523.600.51.00 (125,000) Est Ending Unreserved Fund Balance (2011 carry over) 000.20.291.840.00.00 (220,000) Fund Total 74 CITY OF TUKWILA 2011 -2012 MID BIENNIUM BUDGET AMENDMENT DETAIL 2011 2012 Revenue Backed Expenditures Revenue Other Revenue Competitor Group 101.369.900.00.00 38,600 Total Revenue 38,600 Expenditures Professional services Rock N Roll Marathon 101.00.557.302.41.00 38,600 Total Expenditures 38,600 FUND TOTAL Biennial Budget Increase (Decrease) Revenues Expenditures 38,600 38,600 Carryover of Unused Budget Expenditures Professional Services 103.98.595.800.41.00 (130,000) 130,000 Est Ending Unreserved Fund Balance 103.01.291.840.00.00 130,000 (130,000) Total Expenditures FUND TOTAL Revenue Backed Expenditures Revenue Grant Revenue Tukwila Urban Center 104.333.203.XX.XX 416,000 Total Revenue 416,000 416,000 Expenditures Professional services Rock N Roll Marathon 104.98.595.800.61.00 494,000 Est Ending Unreserved Fund Balance 104.01.291.840.00.00 (78,000) Total Expenditures 416,000 416,000 FUND TOTAL Carryover of Unused Budget Revenue: Debt proceeds 104.391.100.00.00 (9,230,000) 9,230,000 Total Revenue (9,230,000) 9,230,000 Expenditures Professional Services Construction Southcenter Parkway 104.98.595.800.xx.xx (9,230,000) 9,230,000 Total Expenditures (9,230,000) 9,230,000 Fund total Council Decisions /Budget Additions Revenue: Transfer in General Fund 105.397.000.00.00 166,260 Total Revenue 166,260 166,260 Expenditure Est Ending Unreserved Fund Balance 105.00.291.840.00.00 166,260 Total Expenditures 166,260 166,260 Fund total 75 CITY OF TUKWILA 2011 -2012 MID BIENNIUM BUDGET AMENDMENT DETAIL Biennial Budget Increase (Decrease) 2011 2012 Revenues Expenditures e t e ,s.......,.y ice" x Accounting Modifications: Expenditure: Transfer out 207.00.597.000.00.00 13,300 Est Ending Unreserved Fund Balance 207.00.291.840.00.00 (13,300) Total Expenditures Fund 207 total Revenue: Transfer in Fund 207 211.397.000.00.00 13,300 Total Revenue 13,300 Expenditure: Est Ending Unreserved Fund Balance 211.00.291.840.00.00 13,300 Total Expenditures 13,300 Fund 211 total Council Decisions I Budget Additions Revenue: Transfer in General Fund 215.397.000.00.00 6,000 Total Revenue 6,000 Expenditure: Principal payment 215.00.592.950.83.00 6,000 Total Expenditures 6,000 Fund total Council Decisions l Budget Additions Expenditure: Land 301.98.594.760.61.00 Est Ending Unreserved Fund Balance 301.00.291.840.00.00 Total Expenditures Fund total Carryover of Unused Budget Expenditure: Construction project 302.98.594.190.xx.xx (87,000) Est Ending Unreserved Fund Balance 302.00.291.840.00.00 87,000 Total Expenditures Fund total 1:3 Carryover of Unused Budget Revenue: Transfer in General Fund 303.397.000.00 (2,000,000) Total Revenue (2,000,000) Expenditure: Professional Services construction projects 303.98.594.190.xx.xx (2,000,000) Council Decisions I Budget Additions Construction Projects 303.98.594.190.65.00 600,000 Est Ending Unreserved Fund Balance 303.00.291.840.00.00 (600,000) Total Expenditures (2,000,000) Fund total ftM t Council Decisions I Budget Additions Expenditure: 1995 Revenue bond principal ($1,370,000 payoff less December payment) 401.01.597.720.00.00 1,080,000 1995 Revenue bond principal 401.01.597.720.00.00 1995 Revenue bond interest 401.01.597.820.00.00 Est Ending Working Capital 401.02.293.800.00.00 (1,080,000) Accounting Modification 2006 Revenue bond principal 401.01.597.720.01.00 2006 Revenue bond interest 401.01.597.820.01.00 2006 Revenue bond principal 401.02.582.347.72.00 2006 Revenue bond interest 401.02.592.347.83.00 Total Expenditures Fund total 13,300 13,300 6,000 6,000 1,000,000 (1,000,000) 87,000 (87,000) 2,000,000 2,000,000 2,000,000 2,000,000 (310,000) (80,494) 390,494 (33, 800) (29,627) 33,800 29,627 76 CITY OF TUKWILA 2011 -2012 MID BIENNIUM BUDGET AMENDMENT DETAIL INCREASE IN BIENNIAL BUDGET 458,965 458,965 77 Biennial Budget Increase (Decrease) 2011 2012 Revenues Expenditures Carryover of Unused Budget Expenditure: Construction Projects 402.98.594.353.65.00 (120,000) 120,000 Est Ending Working Capital 402.02.293.800.00.00 120,000 (120,000) Council Decisions l Budget Additions Professional Services 402.98.594.353.xx.xx 416,000 Est Ending Working Capital 402.02.293.800.00.00 (416,000) Accounting Modification 2006 Revenue bond principal 402.01.597.720.01.00 (80,600) 2006 Revenue bond interest 402.01.597.820.01.00 (70,649) 2006 Revenue bond principal 402.02.582.357.72.00 80,600 2006 Revenue bond interest 402.02.592.357.83.00 70,649 Total Expenditures Fund total P i w Accounting Modification Revenue: Investment interest 404.361.110.00.00 (60) (60) 1995 Revenue bond principal Water /Sewer 404.397.720.00.00 (283,250) (291,748) 2006 Revenue bond principal Water /Sewer 404.397.720.01.00 (123,600) (127,308) 1995 Revenue bond interest Water /Sewer 404.397.820.00.00 (117,264) (120,782) 2006 Revenue bond interest Water /Sewer 404.397.820.01.00 (127,463) (131,287) Total Revenue (651,637) (671,185) (1,322,822) Expenditure: Est Ending Working Capital 404.00.293.800.00.00 (53,435) (77,341) 1995 Revenue bond principal Water /Sewer 404.00.582.380.72.00 (290,000) (310,000) 2006 Revenue bond principal Water /Sewer 404.00.582.380.72.01 (105,600) (105,600) 1995 Revenue bond interest Water /Sewer 404.00.592.380.83.00 (92,068) (71,937) 2006 Revenue bond interest Water /Sewer 404.00.592.380.83.01 (104,310) (99,896) General Government transfer to General Fund 404.00.597.190.00.00 (6,224) (6,41 1) Total Expenditures (651,637) (671,185) (1,322,822) Fund total Council Decisions l Budget Additions Revenue: Transfer in General Fund 411.397.190.00.00 550,000 355,000 905,000 Total Revenue 550,000 355,000 Expenditure: Small Tools Minor Equipment 411.00.576.680.35.00 114,210 Est Ending Working Capital 411.00.293.800.00.00 435,790 355,000 Total Expenditures 550,000 355,000 905,000 Fund total 1 Carryover of Unused Budget Expenditures: Professional Services 412.98.594.382.41.00 (225,000) 225,000 Land 412.98.594.382.61.00 (40,000) 40,000 Construction Projects 412.98.594.382.65.00 (333,000) 333,000 Est Ending Working Capital 412.02.293.800.00.00 598,000 (598,000) Fund total INCREASE IN BIENNIAL BUDGET 458,965 458,965 77 x