HomeMy WebLinkAbout3629ORDINANCE NO. 3 4-Z
AN ORDINANCE of the city of Kent, Washington,
amending the 2002 Budget for adjustments made between
July 1, 2002, and December 31, 2002, 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 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. —Budget Ad
tustments The 2002 city budget is hereby
amended to include budget fund adjustments as summarized and set forth in Exhibit "A,"
wluch is incorporated in this ordinance by reference as if fully set forth herein
SECTION 2. — Housmz & Community Development Fund — Short Term
There is hereby established, as part of the 2002 budget, a short-term loan from the
General Fund to the Housing and Community Development Fund (CDBG) in an amount
not to exceed $200,000 to cover year-end expenditures The funds may only be used as
needed.
SECTION 3. — Riverbend Golf Course —Short Term Loan A short-term
(3) year loan is established from the Equipment Rental Fund to the Riverbend Golf
Complex in an amount not to exceed $450,000 to cover cash flow for winter and spring
expenditures Interest will be paid at the monthly state pool rate
2002 - Budget Adjustment -
Second Half
SECTION 4. - Severabih 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 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 JACOBER, CIT V CLERK
(APPROVED AS TO FORM
TOM BRUBAKER, CITY ATTORNEY
"LAR
2 2002 - Budget Adjustment -
Second Half
PASSED /'0 day of December, 2002
APPROVED 10 day of December, 2002
PUBLISHED /I/ day of December, 2002
I hereby certify that this is a true copy of Ordinance No 2/'z?
by the city council of the city of Kent, Waslungton, and approved by the mayor of the
of Kent as hereon indicated
P \Qvd\Ord�udget dryetr t 20022nddm
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BRENDA JACOBBi(, CITY CLERK
3 2002 - Budget Adjustment -
Second Half
City of Kent
Budget Adjustment Ordinance
Adjustments July 1, 2002 to December 31, 2002
Exhibit A
Fund Adjustment
Title Ordinance
001
General Fund
(140,637)
110
Street Fund
295,057
130
Lodging Tax Fund
14,060
150
Capital Improvement Fund
(140,059)
160
Criminal Justice Fund
312,479
180
Community Development Block Grants
16,213
220
Councdmanic Debt Service Fund
31,687
310
Street Capital Projects Fund
161,458
320
Park Capital Projects Fund
580,287
330
Other Capital Projects Fund
(1,039,600)
340
Technology Capital Projects
25,000
350
Facilities Capital Projects
43,413
410
Water Fund
18,702,513
440
Sewerage Fund
3,784
510
Fleet Service Fund
469,672
520
Central Services Fund
35
540
Facilities Fund
300,386
560
Insurance Fund
1,528,188
Total Gross Budget Change
21,163,936
Less
Internal Service Funds
160,000
Other Transfers
494,082
Internal Transfers
1,130,619
Subtotal
1,784,701
Total Net Budget Change 19,379,235