HomeMy WebLinkAbout3495Ordinance No. 3495
["Beginning July 1, 1998"]
(Amending or Repealing Ordinances)
Amends Ord. 3433
ORDINANCE NO. 395
AN ORDINANCE of the City of Kent, Washington,
amending the 1999 Budget for adjustments made between
August 31, 1999, and December 31, 1999, and authorizing a
line of credit from the General Fund to the Housing and
Community Development Fund (CDBG) to cover year-end
expenditures and further authorizing a short-term loan from
the Equipment Rental Fund to the Riverbend Golf Complex
to cover winter and spring operating expenditures.
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES
HEREBY ORDAIN AS FOLLOWS:
SECTION 1. The 1999 City budget is hereby amended to include budget
fund adjustments as summarized and set forth in Exhibit A which is incorporated in this
ordinance by reference as if fully set forth herein.
SECTION 2. There is hereby established, as part of the 1999 budget, a line
of credit from the General Fund to the Housing and Community Development Fund
(CDBG) in an amount not to exceed $200,000.00. The funds may only be used as needed.
SECTION 3. There is hereby established, as part of the 1999 budget, a
short-term 3 year loan from the Equipment Rental Fund to the Riverbend Golf Complex
in an amount not to exceed $460,000.00 to cover winter and spring expenditures. Interest
will be paid at the state pool rate.
SECTION 4. Severability. If any section, sentence, clause or phrase of this
ordinance should be held to be invalid or unconstitutional by a court of competent
1 1999 - Budget
jurisdiction, such invalidity or unconstitutionality shall not affect the validity or
constitutionality of any other section, sentence, clause or phrase of this ordinance.
SECTION 5. Effective Date. This ordinance shall take effect and be in
force five (5) days from and after its passage, approval and publication as provided by law.
ATTEST:
BRENDA JACOBE , C Y CLERK
APPROVED AS TO FORM:
A. LUBOVICF—,CITY ATTORNEY
PASSED: dayof�, 1999.
APPROVED: �� day of �01- 1999.
PUBLISHED: day of { 11999.
I hereby certify that this is a true copy of Ordinance No. 3 1195 , passed
by the City Council of the City of Kent, Washington, and approved by the Mayor of the
City of Kent as hereon indicated.
P'.\Civil\Ord,n.n Wd,dW.NC2.duc
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BRENDA JACOB CITY CLERK
1999 - Budget
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BUDGET ADJUSTMENT ORDINANCE
Exhibit A
General Fund
Street Fund
Youth/Teen Programs
Capital Improvement
Criminal Justice
Other Operating Projects
Street Capital Projects
Parks Capital Projects
Other Capital Projects
Water
Sewerage
Golf Complex
Facilities Fund
Total Gross Adjustments
Less:
Internal Service Funds
Other Transfers
Internal Transfers
Total Net Adjustments
3
Adjustment
Ordinance
15,825
75,000
9,200
477,000
126,570
10,229
2,918,505
2,070,322
14,765
50,000
70,000
410,000
175,000
6,422,416
521,200
5,901,216