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HomeMy WebLinkAbout3839 (24)Ordinance No. 3867 (Amending or Repealing Ordinances) CFN= 0186 — Budget Passed — 12/11/2007 2008 Budget Adoption ORDINANCE NO. -3 VO7 AN ORDINANCE of the City Council of the City of Kent, Washington, relating to budgets and finance and adopting the final 2008 fiscal year budget. RECITALS A. The tax estimates and preliminary budget for the City of Kent, Washington, for the 2008 fiscal year have been prepared and filed as provided by law, and the budget has been printed and distributed. B. Notice has been published in the official paper of the City of Kent setting the time and place for hearing and that notice stated that all taxpayers calling at the Office of the City Clerk would be furnished a copy of the 2008 budget. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: ORDINANCE SECTION 1. - BudgetAdopbon. Pursuant to RCW 35A.33.075, the budget for the 2008 fiscal year, as summarized in Exhibit "A" and as set forth in the 2008 Preliminary Comprehensive Budget, which is amended by Exhibit "B," all of which are incorporated into this ordinance by this reference, is hereby adopted in the amounts and for the purposes established in that budget as the final budget for the City's 2008 fiscal year. 1 2008 Budget Adoption SECTION 2. - Transmittal. The finance director shall transmit a complete copy of the final adopted budget to the Division of Municipal Corporations in the Office of the State Auditor and to the Association of Washington Cities. SECTI0N3. -Adjustments. City administration shall administer the Annual Budget and in doing so may authorize adjustments pursuant to RCW 35A.33.120. SECTION 4. - Severability. If any one or more sections, subsections, or sentences of this ordinance are held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portion of this ordinance and the same shall remain in full force and effect. SECTION S. -Effective Date. This ordinance shall take effect and be in force five (5) days from and after the date of passage and publication as provided by law. ZVTTE)COOKE, MAYOR ATTEST: (/ BRENDA 3ACOBER, CITY CL K - APPROVED AS TO FORM: TOM BRUBAKIER, CITY ATTORNEY 2 2008 Budget Adoption PASSED: day of 007. APPROVED: day of CEJ , 2007. PUBLISHED: day of A 2007. I hereby certify that this is a true copy of Ordinance No. -35&7 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) BRENDA JACOB , CITY CLERK P \Civil\Ordinance\BudgetAdoptmn-2008 doc - 3 2008 Budget Adoption 2008 Budget Ordinance Exhibit A 121512007 Inc (Dec) Beginning Ending in Fund Fund Fund Revenues Expenditures Balance Balance Balance GOVERNMENTALFUNDS GENERAL FUND 83,485,410 83,608,334 (122,924) 8,519,963 8,397,039 SPECIAL REVENUE FUNDS Street 5,275,702 6,101,965 (826,263) 876,305 50,042 LEOFFI Retiree Benefits Fund 250,000 250,000 250 000 500,000 Lodging Tax Fund 190,500 159,000 31,500 259,790 291,290 Youth/Teen Programs 886,003 979,220 (93 217) 302,965 209,748 Capital improvement 11,161,277 12,478,800 (1,317,523) 3,656,228 2,338,705 Criminal Justice 2,830,977 3,590,109 (759132) 1,428,058 668,926 Environmental Mitigation 106,423 196,870 (90,447) 111,874 21,427 Community Block Grant 748,600 748,600 Other Operating Projects 101,068 101 068 DEBT SERVICE FUNDS Voted 609,600 615,655 (6,055) 34,082 28,027 LTGO Debt 7,399,765 7,399,765 Special Assessment 4,892,927 4,892,927 3,019,800 3,019,800 CAPITAL PROJECTS FUNDS Street Projects 2,860,000 2,860,000 Parks Projects 3,298,000 3,298,000 Other Capital Projects 875,000 875,000 Technology Projects 950,000 950,000 Facilities Projects 569,000 569,000 PROPRIETARY FUNDS ENTERPRISE FUNDS Water 10,339,577 12,580,592 (2,241,015) 4,020,308 1,779,293 Sewerage 27,091,554 28,069,916 (978,362) 3,056,542 2,078,180 Golf Complex 3,482,234 3,271,726 210508 (1,508,554) (1,298,046) INTERNAL SERVICE FUNDS Equipment Rental & Fire Equipment 4,597,623 5,627,849 (1,030,226) 1,539,095 508,869 Central Services 5,204 945 5,250,211 (45,266) 340,558 295,292 Facilities Fund 5,400,402 5,432,436 (32,034) 55,693 23,659 Insurance 15,725,870 14,589,729 1,136,141 7,761,149 8,897,290 TOTAL GROSS BUDGET 198,332,457 204,246,772 (5,914,315) 33,723,856 27,809,541 LESS Internal Service Funds 29,356,195 29,356,195 Other Transfers 18,528,598 18,528,598 TOTAL BUDGET 150,447,664 156,361,979 (5914,315) 33,723,856 27,809,541 Internal Service Adjustments (752,659) (752 659) Use of Fund Balance 5,914,315 Total Program Budget 155,609,320 155,609,320 121512007 CITY OF KENT, WASHINGTON 2008 Budget Ordinance Exhibit B Inc (Dec) Beginning Ending in Fund Fund Fund Revenues Expenditures Balance Balance Balance GOVERNMENTALFUNDS GENERAL FUND 82,080,270 82,380,945 (300,675) 8,519,963 8,219,288 Fire Station 78 staffing 950,685 950,685 Emergency Human Services 165,000 (165,000) (165,000) Historical Society - operations 6,000 (6,000) (6,000) Historical Society - sprinkler system 5,000 (5,000) (5,000) Revised Property Tax Estimate 454,455 454,455 454,455 Kent Meridian Pool Utilities 60,000 (60,000) (60,000) Night Court 40,704 (40,704) (40,704) Total General Fund 83,485,410 83,608,334 (122,924) 8,519,963 8,397,039 SPECIAL REVENUE FUNDS Street 5,275,702 6,101,965 (826,263) 876,305 50,042 LEOFFI Retiree Benefits Fund 250,000 250,000 250,000 500,000 Lodging Tax Fund 190,500 140,000 50,500 259,790 310,290 Tourism & Visitor Services 19,000 (19,000) (19,000) Total Lodging Tax Fund 190,500 159,000 31,500 259,790 291,290 Youth/Teen Programs 886,003 979,220 (93,217) 302,965 209,748 Capital Improvement Fund 11,161,277 12,478,800 (1,317,523) 3,656,228 2,338,705 Total Capital Improvement Fund 11 161,277 12,478,800 (1,317,523) 3,656,228 2,338,705 Criminal Justice 2,821,977 3,544,109 (722,132) 1,428,058 705,926 1 Patrol Boat for Lake Meridian 9,000 46,000 (37,000) (37,000) Total Criminal Justice Fund 2,830,977 3,590,109 (759,132) 1,428,058 668,926 Environmental Mitigation 106,423 196,870 (90,447) 111,874 21,427 Community Block Grant 748,600 748,600 Other Operating Projects 101,068 101,068 DEBT SERVICE FUNDS Voted 609,600 615,655 (6,055) 34,082 28,027 LTGO Bonds 7,399,765 7,399,765 Special Assessment 4,892,927 4,892,927 3,019,800 3,019,800 1 Boat registration taxes have been collected for several years to fund the patrol boat 12/5/2007 CAPITAL PROJECTS FUNDS 2 Street Projects Parks Projects MVET - Paths and Trails portion Total Parks Capital Projects Fund Other Capital Projects 3 Technology Projects Facilities Projects PROPRIETARY FUNDS CITY OF KENT, WASHINGTON 2008 Budget Ordinance Exhibit B Inc (Dec) Beginning Ending in Fund Fund Fund Revenues Expenditures Balance Balance Balance 2,860,000 2,860,000 3,289,000 3,289,000 9.000 9,000 3,298,000 3,298,000 875,000 875,000 950,000 950,000 569,000 569,000 ENTERPRISE FUNDS Water 10,339,577 12,580,592 (2,241,015) 4,020,308 1,779,293 Sewerage 27,091,554 28,069,916 (978,362) 3,056,542 2,078,180 Golf Complex 3,482,234 3,271,726 210,508 (1,508,554) (1,298,046) INTERNAL SERVICE FUNDS Equipment Rental 4,597,623 5,627,849 (1,030,226) 1,539,095 508,869 Central Services 5,204,945 5,250,211 (45,266) 340,558 295,292 Facilities Fund 5,400,402 5,432,436 (32,034) 55,693 23,659 Insurance 15,725,870 14,589,729 1,136,141 7,761,149 8,897,290 TOTAL GROSS BUDGET 198,332,457 204,246,772 (5,914,315) 33,723,856 27,809,541 LESS Internal Service Funds 29,356,195 29,356,195 Other Transfers 18,528 598 18,528,598 TOTAL BUDGET 150,447,664 156,361,979 (5,914,315) 33,723,856 27,809,541 2. The proposed budget does not include Street Projects to be funded by sale of bonds The Capital improvement Plan includes $4 000,000 for downtown sidewalks and $10,000,000 for the East Hill Maintenance Facility to be budgeted when the bonds are sold 3 Budget does not include $6,000,000 in technology projects to be funded through sale of bonds The Technology Plan is included in the Capital Improvement Plan and will be budgeted when the bonds are sold 12/5/2007