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HomeMy WebLinkAboutO-3116 - Amends 2017-2018 budget (Special)CITY OF MARYSVILLE Marysville, Washington ORDINANCE NO. :3 \ \ fa AN ORDINANCE OF THE CITY OF MARYSVILLE AMENDING THE 2017-2018 BIENNIAL BUDGET AND PROVIDING FOR THE INCREASE OF CERTAIN EXPENDITURE ITEMS AS BUDGETED FOR IN ORDINANCE NO. 3042. THE CITY COUNCIL OF THE CITY OF MARYSVILLE, WASHINGTON DO ORDAIN AS FOLLOWS: Section 1. Since the adoption of the 2017-2018 budget by the City Council on November 28, 2016, 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 in the 2017-18 budget. The following funds as referenced in Ordinance No. 3042 are hereby amended to read as follows: Current Fund Title Fund No. Description Budget General Fund 001 Beginning Fund Balance $ 6,703,205 General Fund 001 Revenue 97,739,159 General Fund 001 Expenditures 98,128,627 General Fund 001 Ending Fund Balance 6,313,737 Arterial Streets 102 Beginning Fund Balance $ - Arterial Streets 102 Revenue 3,200,000 Arterial Streets 102 Expenditures 3,200,000 Arterial Streets 102 Ending Fund Balance CDBG Program 109 Beginning Fund Balance $ - CDBG Program 109 Revenue 700,000 CDBG Program 109 Ex:penditure;> 700,000 CDBG Program 109 Ending Fund Balance TBD 114 Beginning Fund Balance 1,169,744 TBD 114 Revenue 3,986,000 TBD 114 Expenditures 3,147,000 TBD 114 Ending Fund Balance 2,008,744 LID 71 Debt Service 271 Beginning Fund Balance 67,421 LID 71 Debt Service 271 Revenue 785,606 LID 71 Debt Service 271 Expenditures 823,670 LID 71 Debt Service 271 Ending Fund Balance 29,357 Park Construction 310 Beginning Fund Balance 267,723 Park Construction 310 Revenue 3,569,220 Park Construction 310 Expenditures 3,591,739 Park Construction 310 Ending Fund Balance 245,204 2017-2018 Budget Amendment $ $ $ Amended Amount of Budget lnc/(Dec) 6,703,205 $ 98,842,690 1,103,531 99,644,989 1,516,362 5,900,906 (412,831) -$ 4,500,000 1,300,000 4,500,000 1,300,000 -$ 1,200,000 500,000 1,200,000 500,000 1,169,744 4,513,670 527,670 4,747,000 1,600,000 936,414 (1,072,330) 67,421 1,004,206 218,600 1,042,270 218,600 29,357 267,723 4,569,220 1,000,000 4,591,739 1,000,000 245,204 Page 1 of 3 December 10, 2018 Current Amended Amount of Fund Title Fund No. Description Budget Budget lnc/(Dec) City Facilities 314 Beginning Fund Balance City Facilities 314 Revenue 35,831 ,801 35,831,801 City Facilities 314 Expenditures 3,854,798 3,854,798 City Facilities 314 Ending Fund Balance 31,977,003 31,977,003 Golf Course 420 Beginning Fund Balance Golf Course 420 Revenue 2,692,948 2,916,051 223,103 Golf Course 420 Expenditures 2,692,948 2,916,051 223,103 Golf Course 420 Ending Fund Balance IS 503 Beginning Fund Balance 248,602 279,077 30,475 IS 503 Revenue 2,250,178 2,319,248 69,070 IS 503 Expenditures 2,459,374 2,558,919 99,545 IS 503 Ending Fund Balance 39,406 39,406 The detail concerning the above -referenced amendments are attached hereto as Exhibit "AIJ . Section 2. Except as provided herein, all other provisions of Ordinance No. 3042 shall remain in full force and effect, unchanged. ~ PASSED by the City Council and APPROVED by the Mayor this __ ID __ day of vecervtbt:r I 2018. ATTEST: By z±YUlb~ DEPUTY CITY CLERK Approved as to form : By ~ CITYATTORNEY Date of Publication: Effective Date (5 days after publication): 2017-2018 Budget Amendment CITY OF MARYSVILLE By ~rJ,&~ (!.))~~Pre-c;-)Jef'\.-t-MAYOR Page 2 of 3 December 10, 2018 EXHIBIT A-2017-2018 Amendment Account Detail Beginning Cash Balance Descrlp1lon Adjustment General Fund Community Dewlopment -CERB Grant Parks -Fireworks -Hotel/Motel Grant Property Taxes -EMS EMS -Payment to Fire Fire -Payment to Fire Non-Departmental -Increase in Golf Course Subsidy Non-Departmental -Increase in Street Subsidy Total General Fund Community Development Block Grant (CDBG) -Fund 109 Community Dewlopment Block Grant Program -Program Draws Community Dewlopment Block Grant Program -Award Payments Total CDBG Fund Transportation Benefit District (TBD) ·Fund 114 Sales tax rewnue higher than expected in 2017, anticipating same incr in 2018 Transfers for Street Construction Projects Total TBD Fund LID 71 Debt Service -Fund 271 Increased assessments collected due to property sales Increased draw on outstanding bonds Tota I LID 71 Fund Arterl.al Street -Fund 102 01.erlay Projects Total Arterial Streets Parks Construction -Fund 310 Centennial Trail Construction & Grant Re1.enue Tota I Park Construction City Facilities -Fund 314 L TGO bond proceeds Property purchase Debt issuance costs Total City Facilities Golf Course -Fund 420 lriigation system and Kubota RTV900 Top dresser & progator Additional lighting Utilities Cost of Goods Sold/Merchandise Sold Increased subsidy from the General Fund Tota I Golf Course Information Services -Fund 503 Increase in salaries due to salaiy table restructures and a position filled at a pay Je~I higher than planned Increase in 01.ertime due to high le1.el of projects and co1.erage of vacant positions Increase seasonal pay -summer interns Professional seri1.Ces -increased software sen.ice agreements Beginning fund balance -adjust to actual 30,475 Higher than anticipated support to Fire Operating Supplies-purchase of security software and equipment Communication Total Information Services 30,475 GRAND TOTAL 30,475 2017-2018 Budget Amendment Revenue Adjustment 50,000 15,000 1,038,531 1, 103,531 500,000 500,000 527,670 527,670 218,600 218,600 1,300,000 1,300,000 1,000,000 1,000,000 35,831,801 35,831,801 31,579 191,524 223,103 69,070 69,070 39,773,775 Ending Fund Appropriation Balance Adjustment Adjustment 50,000 15,000 1,038,531 1,080,504 (1,080,504) (170,666) 170,666 191,524 (191,524) 350,000 (350,000) 1,516,362 (412,831) 500,000 500,000 (500,000) 500,000 527,670 1,600,000 (1,600,000) 1,600,000 (1,072,330) 218,600 218,600 (218,600) 218,600 1,300,000 1,300,000 1,000,000 1,000,000 35,831,801 3,522,737 (3,522, 737) 332,061 (332,061) 3,854,798 31,977,003 106,000 (106,000) 48.400 (48,400) 17,100 (17,100) 20,024 (20,024) 31,579 191,524 223,103 22,037 (22,037) 15,947 (15,947) 2,190 (2,190) 29,886 (29,886) 30.475 69,070 38,196 (38,196) (8,711) 8,711 99,545 9,312,408 30,491,842 Page 3 of 3 December 10, 2018