HomeMy WebLinkAbout1983-2691 AMENDING THE 1983 YAKIMA CITY BUDGET ORDINANCE NO 26 9 1
AN ORDINANCE amending the 1983 budget for the City of Yakima;
authorizing temporary loans and providing for
411 their repayment; and appropriating unappropriated
balances in 141-Street Fund and 142-Arterial
Street Fund for expenditure during the year 1983.
WHEREAS, 199-Federal Shared Revenue Fund contains money
derived from Capitol Theatre insurance proceeds available to
invest by the loan of that money to various funds of the City
as provided by this ordinance, and
WHEREAS, street and arterial improvements in the City are
contemplated to be performed during the current year for which
0 money must be made available by the loans, transfers and appro-
priations provided by this ordinance, and
WHEREAS, at the time of the adoption of the 1983 budget it
could not reasonably have been foreseen that the appropriations
provided for herein would be required; and the City Council finds
that an emergency exists of the type contemplated by RCW 35.33.091
and that it is in the best interests of the City to make the
appropriations herein provided, now, therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. The total amount of $88,000 is hereby authorized
• to be loaned and transferred from 199-Federal Shared Revenue Fund
(Capitol Theatre insurance proceeds) to 141-Street Fund for appro-
priation therein as provided hereinbelow, with the actual transfer
of money pursuant to this authorization to be made from time to
time in such amounts as may be necessary to pay for street work
to be financed by this loan.
Section 2. The total amount of $876,558 is hereby authorized
to be loaned and transferred from 199-Federal Shared Revenue Fund
• (Capitol Theatre insurance proceeds) to 142-Arterial Street Fund
for • appropriation therein as provided by this ordinance with the
actual transfer of money pursuant to this authorization to be made
from time to time in such amounts as may be necessary to pay for
arterial street work to be financed by this loan.
Section 3. The actual total amount of money loaned pursuant
to the authority of this ordinance shall be repaid to 199-Federal •
Shared Revenue Fund (Capitol Theatre insurance proceeds) from
revenue to be derived by the city during the years 1984, 1985
and 1986 from federal revenue sharing so that the amount loaned,
together with interest at the rate of 9 percent per annum, is
repaid no later than December 31, 1986.
Section 4. As the loans and transfers to 141-Street Fund
authorized herein are made, the unappropriated balances thereby
created are hereby appropriated from unappropriated balances in
141-Street Fund to the following accounts and in the following
respective amounts as 1983 appropriations for 141-Street Fund:
Account Number Amount
141.141.521.0000.542.30.111 $27,092.00
141.141.521.0000.542.30.312 54,556.00
141.141.521.0000.542.30.452 5,352.00
141.141.521.0000.542.30.313 1,000.00
Total Street Fund $88,000.00
Section 5. As the loans and transfers to 142-Arterial Street
Fund authorized herein are made, the unappropriated balances there-
by created are hereby appropriated from unappropriated balances in
142-Arterial Street Fund to the following accounts and in the
following respective amounts as 1983 appropriations for 142-Arterial
Street Fund:
Account Number Amount
142.142.528.0000.541.11.650 $ 37,700.00
142.142.528.0000.541.12.650 41,847.00
142.142.528.0000.541.30.650 797,011.00
Total Arterial Street Fund $876,558.00
Section 6. The Director of Finance is hereby authorized to
make the transfers as may be necessary from time to time to accom-
plish the loans authorized by this ordinance. 41/
Section 7. This ordinance is one making appropriations and
shall take effect immediately upon its passage, approval and
publication as provided by law and by the City Charter.
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• PASSED BY THE CITY COUNCIL, signed and approved this I Oti,
day of )T„„ , 1983.
•
_ 4
Mayor
ATTEST:
City C er
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First Reading APR 2 6 1983
Publication Date MAY 1 3 1983
Effective Date MAY 1 4 1983
ID
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