HomeMy WebLinkAbout3580ORDINANCE NO. 3 5 W
AN ORDINANCE of the City of Kent, Washington,
amending the 2001 Budget for adjustments made between
July 31, 2001, and December 31, 2001, and authorizing a
short term loan from the General Fund to the Housing and
Community Development Fund (CDBG) to cover year-end
expenditures and further authorizing the third year of the
short-term loan from the Equipment Rental Fund to the
Rrverbend Golf Complex to cover winter and spring operating
expenditures
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES
HEREBY ORDAIN AS FOLLOWS
SECTIONI The 2001 City budget is hereby amended to include budget
fund adjustments as summarized and set forth in Exhibit "A," which is incorporated in flus
ordinance by reference as if fully set forth herein
SECTION 2. There is hereby established, as part of the 2001 budget, a
short term loan from the General Fund to the Housing and Community Development Fund
(CDBG) man amount not to exceed $200,000 The funds may only be used as needed
SECTION 3. The tlurd year of the short-term 3 year loan established in the
1999 budget from the Equipment Rental Fund to the Rrverbend Golf Complex in an
amount not to exceed $460,000 to cover winter and spring expenditures is hereby
confirmed and continued Interest will be paid at the monthly state pool rate
1 2001 -Budget Adjustment
Second Hai
SECTION 4. Severabakty If any section, sentence, clause or phrase of this
ordinance should be held to be invalid or unconstitutional by a court of competent
such invalidity or unconstitutionality shall not affect the validity or
constitutionality of any other section, sentence, clause or phrase of this ordinance
SECTION S. Effective Date This ordinance shall take effect and be in
force five (5) days from and after its passage,
ATTEST:
BRENDA JACOBER, UTY CLERK
APPROVED AS TO FORM
A LUBOVICH,
PASSED. day of t& C- 2001
APPROVED / day of /(LL '2001
PUBLISHED /� day ofgf� ,2001
I hereby certify that this is a true copy of Ordinance No -756'0 , 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 CMFOr6i doe 3odge djmtme 2001 2nd doe
qz:a � (SEAL)
BRENDA JACOBER, ITY CLERK
2 2001- Budget Adjustment -
Second Halt
City of Kent
Budget Adjustment Ordinance
Exhibit A
Adjusted Budget as of December 31, 2001
Fund Adjustment
Title Ordinance
001
General Fund
160,589
110
Street Fund
122,470
130
Lodging Tax Fund
-
140
Youth/Teen Programs
150
Capital Improvement Fund
(156,677)
160
Criminal Justice Fund
137,445
170
Environmental Fund
5,764
180
Comm Development Block Grants
-
190
Other Operating Protects Fund
238,467
211
Voted Debt Service Fund
-
212
Councilmanic Debt Service Fund
(42,415)
250
Spec Assmnt Debt Service Fund
430,000
310
Street Capital Projects Fund
(947,171)
320
Park Capital Projects Fund
1,505,170
330
Other Capital Projects Fund
(3,320,000)
410
Water Fund
51,762
440
Sewerage Fund
7,282,000
480
Golf Complex Fund
3,386
510
Fleet Service Fund
57,455
520
Central Services Fund
390,852
530
Fire Equipment Fund
571,361
540
Facilities Fund
168,773
560
Insurance Fund
686,639
620
Firemen's Relief and Pension Fund
-
680
Economic Development Corporation
Total Gross Budget 7,345,870
Less
Internal Service Funds (415,291)
Other Transfers (1,267,193)
Internal Transfers (88,839)
Subtotal (1,771,323)
Total Net Budget 5,574,547
Ordinance 01a xlsordinance totals (7)12/6/2001
•
KENT
WASHINGTON
FINANCE
May Miller
Director
Phone 253-856-5260
Fax 253-856-6255
220 Fourth Ave S
Kent, WA 98032-5895
DATE December 4, 2001
TO Operations Committee
FROM May Miller
SUBJECT Budget Adjustment Ordinance for Adjustments between
July 31, 2001 and December 31, 2001
Authorization is requested to approve the gross budget adjustment ordinance totaling
$7,345,870 for budget adjustments made between July 31, 2001 and December 31,
2001 The net amount, excluding transfers and internal service changes, is $5,574,547
This ordinance is primarily a housekeeping adjustment, consolidating individual budget
items into one adjusting ordinance
Please note that $7,044,305 was previously approved by Council as reflected in the
Council minutes These were primarily for projects The major amount of $7,111,910
is for the Auburn sewer portion of the 277s' Street Corridor project This amount also
includes $43,350 for FEMA and State disaster grant funds for the 2001 earthquake
Although it was not previously approved by Council, it was authorized by Council to
apply for the grant Other adjustments reduce previously approved budgets as
appropriate technical changes reduce transfers
The difference of $3,413,600 that was not previously approved by Council needs to be
approved to be in compliance with the State Auditor's requirements Some of the
amount not previously approved are project related Projects total $651,038 and consist
of a reduction of $47,525 to the street capital projects fund, budgeting bond interest of
$680,000 to the associated projects, plus $18,563 miscellaneous budget adjustments
Other not previously approved budgets are
• $571,361 was recovered from the return of two fire engine aids to assist in the
purchase of new fire engine aid trucks
• $184,036 for technical adjustments and inter -fund charges from self-insurance
funds due to rate increases and cost allocation changes
• $686,639 for self-insurance fund claims per current expense trends, and incurred but
not reported claims as estimated by the city's actuary for the Workers' Compensa-
tion, Health, and Liability self-insurance funds
• $36,220 for police equipment from seized assets, $5,693 to budget funds on hand for
site clean up costs, $57,500 for a growth management grant, and $16,869 from
Water and Sewerage utility funds for an adjustment to debt service expense
TO Operations Committee -2- December 4, 2001
• $282,197 is a technical adjustment for cost allocation, debt, or self-insurance.
• $430,000 transfer of excess of the required 10% LID Guarantee Funds to CIP Fund for General
Fund type one-time only expenditures
• $100,000 is for the utility portion of the Management Compensation Study
• Staff status changes for Parks to adjust a part-time position to Regular part-time, primarily
adding benefits to an existing position This was covered by existing budgets and requires no
additional cost
• Staff changes to add two full time, two regular part time, and two four-month temporary
positions to the Golf Complex budget to establish FTEs for the Golf merchandising as approved
by Council on November 20, 2001 No budget dollars need to be added as staff will not be hired
until 2002
The balance of $392,047 is primarily transfers related to the various other changes
The attached summary shows the carryover budgets by fund, the 2001 budget adopted by Ordinance
Numbers 3537 and 3576 and the 2001 adjustments from July 31 to December 31, 2001 The
following pages show a detailed listing of these adjustments by fund, including council authorization
dates for the amounts previously approved
In addition to the budget adjustments, a short term loan from the General Fund in an amount not to
exceed $200,000 is needed for housing and community development funds to cover year-end
expenditures until King County reimburses the amount
Additionally, the third year of the short-term three year loan established in the 1999 budget from the
Equipment Rental Fund to the Rrverbend Golf Complex in an amount not to exceed $460,000 00 to
cover cash flow for winter and spring expenditures is hereby confirmed and continued Interest will
be paid at the state pool rate
COUNCIL ACTION
Approve the technical budget adjustment ordinance for adjustments made between July 31, 2001
and December 31, 2001 totaling $7,345,870
Approve a short term loan from the General Fund in an amount not to exceed $200,000 to cover
housing and community development costs at year-end until they are reimbursed by King County
Confirm and continue year three of the three year loan from the Equipment Rental Fund to the
Rrverbend Golf Complex in an amount not to exceed $460,000 00 to cover winter and spring
expenditures with interest to be paid at state pool rate