HomeMy WebLinkAboutOrd 1450 - 1987 Budget Amendment 1906
CITY OF TUKWILA
WASHINGTON
ORDINANCE NO. e-''
AN ORDINANCE OF THE CITY OF TUKWILA, WASHINGTON, AMENDING
THE 1987 BUDGET ADOPTED BY ORDINANCE NO. 1414 AND AMENDED BY
ORDINANCE NOS. 1420, 1422, 1426, 1432, AND 1436 PASSED BY THE
CITY COUNCIL TO APPROPRIATE UNANTICIPATED SALES TAX REVENUES,
PROVIDE ADDITIONAL FUNDING FOR CITY ATTORNEY SERVICES: APPRO-
PRIATE UNANTICIPATED FEDERAL SHARED REVENUE, PROVIDE FOR OFFICE
EQUIPMENT; TRANSFER GOLF COURSE LIMITED G.O. 1978 FUND TO THE
FOSTER GOLF COURSE FUND; CHANGE THE L.I. GUARANTEE FUND NUMBER
FROM 621 TO 206; CREATE A SPECIAL ASSESSMENT FUND (205) TO
ACCOUNT FOR DEBT SERVICE OF LOCAL IMPROVEMENT DISTRICT (700)
FUNDS AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, at the time of the adoption of the 1987 budget, the sales tax
revenues were underestimated and the City deems it desirable to provide adequate
funding for its City Attorney services, and
WHEREAS, at the time of the adoption of the 1987 budget, Federal Shared
Revenue was not anticipated and the City Council deems it desirable to provide
office furniture for the Engineering Division, and
WHEREAS, generally accepted accounting principles (GAAP) require that
the non -voted debt service costs of the Foster Golf Course Fund should be bud-
geted within that fund and the City deems it desirable to meet national and
state accounting standards, and
WHEREAS, Government Accounting Standards Board (GASB) Statement No. 6
requires that the Local Improvement Guarantee Fund be reported as a Debt Service
Fund and the City deems it desirable to create the 206 Fund and deleting the 621
Fund for such purpose, and
WHEREAS, GASB Statement No. 6 requires that Special Assessment Fund
types be eliminated for financial reporting purposes and all activities and
balances to be reported as a Debt Service Fund and the City Council deems it
desirable to create the Special Assessments Fund 205 for such purpose.
NOW, THEREFORE, THE CITY COUNCIL, OF THE CITY OF TUKWILA, WASHINGTON,
DO ORDAIN AS FOLLOWS:
Section 1. The following line items in the 1987 budget, as adopted
by Ordinance No. 1414, passed by the City Council and amended by Ordinance
No. 1420, No. 1422, No. 1426, No. 1432 and No. 1436, are hereby amended to
read as follows:
CURRENT FUND
Revenues:
000.313.100 Local Retail Sales Use Tax 56,000
Expenditures:
000.06.515.200.41.03 City Attorney Special Matters 56,000
FEDERAL SHARED REVENUE
Revenues:
199.332.210 Federal Revenue Sharing 1,482
Expenditures:
199.00.594.320.64 Machinery Equipment 1,482
Revenues:
203.291.700 Est. Beg. Fund Bal. <63,920>
203.361.110 Investment Interest 2,000>
203.397.710 G.O. Bonds Principal <30,000>
203.397.820 Interest on Interfund Debt <13,632>
TOTAL: $<109,552>
Section 2. The Local Improvement Guarantee Fund, Fund No. 621, will
become Fund No. 206 effective as of December 31, 1987, and all balance sheet
accounts will be transferred at that time.
Section 3. A newly created fund special assessments, Fund No. 205,
will be effective as of December 31, 1987, and all balance sheet accounts from
Fund 700 accounts will be transferred at that time.
Section 4. Ordinances No. 1414, passed by the City Council and amended
by Ordinance No. 1420, No 1422, No. 1426, No. 1432 and No. 1436 are hereby
amended by revising the summary of totals of estimated revenues and appropria-
tions 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.
Section 5. The Finance Director is hereby authorized and instructed to
effectuate the necessary changes to the 1987 budget and to make all necessary
and appropriate line item entries and adjustments in order to reflect the in-
creases to revenues and appropriations as set forth in this ordinance.
Section 6. 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 TUKWILA, WASHINGTON, at a
regular meeting thereof this „e day of ,Nirof,14,' 1987.
Appro as to Form:
GOLF COURSE LIMITED G.O. 1978 FUND (continued)
Expenditures:
203.591.760.71
203.592.760.83
203.291.800
FOSTER GOLF COURSE FUND
Revenues:
411.293.700
411.361.110
Expenditures:
411.597.710
411.597.820
411.582.760.71
411.592.760.83
411.293.800
-de' of the City Attdri
(42 /ORD.BUD.8)
FILED WITH THE CITY CLERK:/
PASSED BY THE CITY COUNCIL;,
PUBLISHED VALLEY DAILY NEWS: ,2-3o -El
EFFECTIVE DATE: 4- g8
ORDINANCE NUMBER /45-o
G.O. Bonds
Interest on L -T Ext. Debt
Est. Ending Fund Balance
APPROVED:
TOTAL:
Est. Beg. Working Capital
Investment Interest
TOTAL:
G.O. Bonds
Interest on Interfund Debt
G.O. Bonds
Interest on L -T Ext. Debt
Est. Ending Working Capital
TOTAL:
an Dusen, Mayor
Attest /Authenticated:
Mtxij
rfe�Anderson, City Clerk
<30,000>
<13,632>
<65,920>
<109,552>
63,920
2,000
65,920
ORDINANCE
Page 2
30,000>
13,632>
30,000
13,632
65,920
65,920