HomeMy WebLinkAboutO-2303 - Amends 1999 budget (Special)c .
CITY OF MARYSVILLE
Marysville, Washington
ORDINANCE NO2303
An Ordinance of the City of Marysville Amending Ordinance No.
2218 relating to the1999 Budget and providing for the increase of
certain expenditure items as budgeted for in 1999.
WHEREAS, due to a clerical error, Ordinance 2257 provided $3,000 too
little appropriation to retire outstanding Local Improvement District 64 & 65 bonds
with early payment of LID assessments that were not anticipated when the 1999
budget ordinance was enacted; and
WHEREAS, an additional $3,213 of unforeseen costs were incurred to
meet the city's contractual obligations related to LID 69 than was foreseen when
the 1999 budget ordinance was enacted; and
WHEREAS, $1,591 of Current Expense Fund expenditures incurred
during 1999 should be transferred to the Paths &Trails Fund 107; and
WHEREAS, the Paths & Trails Fund was created during fiscal year 1999,
hence there was no appropriation established for the fund when ordinance 2218
was adapted; and
WHEREAS, there were $300,000 in 1999 construction projects approved
for the Street Fund 101 that were not appropriated for; and
WHEREAS, adequate funds exist for a $300,000 supplemental
appropriation to Fund 101, and additional funds exist for the Fund 101
appropriations presented in the 2000 preliminary budget;
NOW, THEREFORE THE CITY COUNCIL OF THE CITY OF
MARYSVILLE. WASHINGTON DO ORDAIN AS FOLLOWS:
Section 1. Since the adoption of the 1999 budget by the City Council on
December 14, 1998, it has been determined that the interests of the residents of
the City of Marysville may best be served by the increase of certain expenditures.
The following fund budgets as set forlh in the 1999 budget as adopted by
Ordinance No. 221 8 are hereby revised as follows:
DEBT SERVICE FUND 264
Revenues 264.368.00.64 Assessment Principal
Expenditures 264.16.592.00.73.00 Principal on Bonds
LID 69 FUND 369
Revenues 369.288.00 Fund Balance
Expenditures 369.14.594.35.63.00 Capital Items
PATHS & TRAILS FUND 107
Revenues 107.288.00 Fund Balance
Expenditures 107.00.542.62.48.00
STREET FUND 101
Revenues 101.288.00 Fund Balance
Expenditures 101.16.595.30.63.00
INCREASE
$ 3,000
$ 3,000
$ 3,213
$ 3,213
$ 1,591
$ 1,591
$300,000
$300,000
PASSED by the City Council and APPROVED by the Mayor this / 3@
day of December, 1999.
CITY OF MARYSVILLE
AlTEST:
CITY CLERK BY
Approved as to form:
BY .n CITY AlTORNEY