HomeMy WebLinkAbout2124ORDINANCE NO.
AN ORDINANCE of the City of Kent,
Washington, amending the 1978 Budget for trans-
fers and adjustments made to various budgets
during the 2nd quarter of 1978.
SPrtinn 1. The reasons for changes in budgets are as
follows:
A. CURRENT EXPENSE FUND
Revenues
1. Increase in budgeted estimated
beginning cash balance
Expenditures
1. Non -Departmental
a. Increase telephone budget
for rate increase effec-
tive 6/1/78 approved by
Finance Committee 6/12/78
2. Civil Service
a. Increase Civil Service
Exam costs approved by
Council 6/5/78
Total Budget Adjustments -
Current Expense Fund
B. FEDERAL/STATE GRANT MATCHING FUND
DoTroni,Ac
1. Increase return transfer from
104th Ave. Street Improvement
Fund per revised engineer's
estimate approved by Finance
Committee 6/12/78
Expenditures
1. Increase budgeted estimated
ending cash balance
Total Budget Adjustments -
Federal/State Grant Hatching Fund
C. STREET FUND
a.,,ror,„oC
Revenue Expenditure
4,000
2,000
$ 6,000 $ 6,000
130
130
$ 130 $ 130
1. Increase in budgeted estimated
beginning cash balance 1,200
Revenue Expenditure
Expenditures
1. Budget easement rights for
Wynwood Park Addition storm
drain approved by Council
6/5/78 1,200
Total Budget Adjustments -
Street Fund $ 1,200 $ 1,200
D. STREET FORWARD THRUST FUND
Revenues
1. Increase return transfer
from So. 180th St. Con-
struction Fund per revised
engineer's estimate approv-
ed by Finance Committee
6/12/78 1,000
2. Increase return transfer from
Smith St. Construction Fund
per revised engineer's esti-
mate approved by Finance Com-
mittee 6/12/78 4,112
Expenditures
1. Increase budgeted estimated
ending cash balance 5,112
Total Budget Adjustments -
Street Forward Thrust Fund $ 5,112 $ 5,112
E. KENT COMMONS OPERATING FUND
Revenues
1. Increase CETA Revenue for
1978 salary and benefit
adjustments 396
Expenditures
1. Decrease salaries and ben-
efits for 1978 CETA adjust- (24)
ments
2. Increase budgeted estimated 420
ending cash balance
Total Budget Adjustments -
Kent Commons Operating Fund
F. FEDERAL SHARED REVENUE FUND
Revenues
1. Increase in budgeted estimated
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$ 396 $ 396
beginning cash balance
Expenditures
1. Increase Right -of -Way costs
for 72nd Avenue approved by
Council 6/5/78
Total Budget Adjustments -
Federal Shared Revenue Fund
Revenue Expenditure
8,000
$ 8,000 $ 8,000
G. KENT COMMONS -PHASE I CONSTRUCTION FUND
1. Budget transfer from Federal/
State Grant Matching Fund 18,105
Expenditures
1. Increase Phase IA and IB cost
overruns turned down by H&CD
Block Grant Funding and ap-
proved by Finance Committee
6/12/78 18,105
Total Budget Adjustments -
Kent Commons Phase I Const. Fund $ 18,105 $ 18,105
H. SMITH STREET - CENTRAL TO 4TH
CONSTRUCTION FUND
1. Budget Investment Interest
received in 1978 4,112
Expenditures
1. Increase return transfer
to Street Forward Thrust
Fund approved by Finance
Committee 6/12/78 4,112
Total Budget Adjustments - Smith
St. - Central to 4th Const. Fund $ 4,112 $ 4,112
I. SOUTH 180TH -WEST VALLEY HIGHWAY
TO EAST VALLEY HIGHWAY CONST. FUND
Revenues
1. Budget Investment Interest
received in 1978 1,000
Expenditures
1. Increase return transfer to
Street Forward Thrust Fund 1,000
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Revenue Expenditure
Total Budget Adjustments -
South 180th West Valley Highway
to East Valley Highway Construc-
tion Fund $ 1,000 $ 1,000
J. 104TH AVENUE STREET IMPROVEMENT
CONSTRUCTION FUND
Revenues
1. Budget Investment Interest
received in 1978 130
Expenditures
1. Increase return transfer
to Federal/State Grant
Matching Fund approved by
Finance Committee 6/12/78 130
Total Budget Adjustments - 104th
Avenue Street Improvement and
Construction Fund $ 130 $ 130
K. 1978 ACQUISITION AND CONSTRUCTION
FUND
L.
Revenues
1. Budget proceeds of 1978 G.O.
Bond Issue approved by Council
5/8/78 400,000
Expenditure
1. Budget purchase of Korry Field
approved by Finance Committee
6/12/78 400,000
Total Budget Adjustments - 1978
Acquisition and Construction Fund $ 400,000 $ 400,000
1978 STREET CONSTRUCTION FUND
Revenues
1. Budget proceeds of 1978 G.O.
Bond Issue approved by Coun-
cil 5/8/78 1,100,000
Expenditures
1. Budget Street construction
costs approved by Council
5/8/78
Total Budget Adjustments -
1978 Street Construction Fund
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1,100,000
$ 11100,000 $ 11100,000
M. ULID #1 FUND
Revenues
1. Delete budgeted revenues and
combine with 1968 Sewer Bond
Interest and Redemption Fund
per memo from City Attorney
Expenditure
1. Delete budgeted expenditures
and combine with 1968 Sewer
Bond Interest and Redemption
Fund per memo from City Attorn-
ey
Revenue
(80,000)
Expenditure
(80,000
Total Budget Adjustments -
ULID #1 Fund $ (80,000) $ (80,000)
N. SEWER OPERATING FUND
Revenues
1. Increase budgeted estimated
beginning cash balance 6,438
Expenditures
1. Budget transfer to Linda
Heights Sewer Construction
Fund to cover audit costs
approved by Finance Committee
6/12/78 1,346
2. Budget transfer to Kent -Des
Moines Sewer Construction Fund
to cover audit costs approved
by Finance Committee 6/12/78 5,092
Total Budget Adjustments -
Sewer Operating Fund $ 6,438 $ 6,438
0. 1968 SEWER BOND INTEREST AND RE-
DEMPTION FUND
Revenues
1. Delete budgeted revenues no
longer required due to con-
solidating ULID #1 and Bond
Redemption Funds (387,618)
Expenditure
1. Delete budgeted expenditures
no longer required due to
consolidating ULID #1 and
Bond Redemption Funds (387,618)
�1=
Total Budget Adjustments -
1968 Sewer Bond Interest and
Redemption Fund
TOTAL ALL BUDGET ADJUSTMENTS
FOR SECOND QUARTER 1978
Revenue Expenditure
$ (387,618) $ (387,618)
$ 1,083,005 $ 1,083,005
Section 2. This Ordinance shall take effect and be in
force five (5) days from and after its passage, approval and pub-
lication as provided by law.
ISABEL HOGAN, MA
ATTEST:
j RARIE JENqE CITY CLERK
APPROVED AS TO F RM:
ALD E. MIRK, CITY ATTORNEY
PASSED the day of November, 1978.
APPROVED the _�_ day of November, 1978.
PUBLISHED the l day of November, 1978.
I hereby certify that this is a true copy of Ordinance
No. passed by the City Council of the City of Kent,
Washington, and approved by the Mayor of the City of Kent as
hereon indicated.
(SEAL)
MARIE -NSEN, CITY CLERK
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