HomeMy WebLinkAbout1996-002 1995 Budget Amendment ORDINANCE NO. 96- 02
AN ORDINANCE amending the 1995 budget for the City of Yakima, and
making an appropriation of $258,850 in the Law and
Justice Capital Fund for expenditure during 1995 to
record a capital lease for communications equipment to
be installed in the new Law and Justice Center
WHEREAS, the amount of $258,850 must be appropriated within the
Law and Justice Capital Fund in order to record a capital lease for
communications equipment to be installed in the new Law and Justice Center,
and
WHEREAS, at the time of the adoption of the 1995 budget it could not
reasonably have been foreseen that the appropriation provided for by this
ordinance 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 appropriation herein provided, now, therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. The amount of $258,850 is hereby appropriated from the
al Unappropriated Fund Balance in the Law and Justice Capital Fund to account
number 333 -4- 333 -111- 0000 - 59428 -660 as a 1995 appropriation
Section 2. This ordinance is one making an appropriation and shall take
effect immediately upon its passage, approval and publication as provided by
law and by the City Charter
PASSED BY THE CITY COUNCIL, signed and a• •roved this
day o �,,�� , 1996 G %
MAYOR
ATTEST- /
/ L G1-►-ti c
CITY CLERK
First Reading j - / 9 - 9s
Publication Date / -/a - 96,
Effective Date 1- /a - 9�
AO/Memo 12/15/95
J ,
BUSINESS OF THE CITY COUNCIL
0 YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No 0
For Meeting Of 12/19/95
ITEM TITLE An ordinance amending the 1995 Law and Justi apital Fund budget
SUBMITTED BY John R Hanson, Director of Finance & Budgt
CONTACT PERSON/TELEPHONE Cindy Epperson Accountant 576 -6644
SUMMARY EXPLANATION The City is entering into a lease purchase agreement with AT &T
to purchase communication system equipment for the new Criminal Justice Center Council
has previously authorized the Intergovernmental Cooperative Purchasing Agreement with
Highline Community College, which allowed the City to purchase the telephone system
without having to go through the formal bid process ourselves. (Resolution 95 -172 dated
December 5, 1995)
The lease with AT &T contemplates the "purchase" of $258,850 of communications
equipment, to be paid by monthly lease payments of $5,164 for 60 months (5 years) The
4 rresponding debt service was included in the 1996 budget However, accounting rules
.o
quire that we recognize the purchase of the asset and the assumption of the liability in the
c counting period in which the lease was executed This ordinance authorizes the
administrative technicality of recording the Source (revenue) and Use (expenditure) related
to the lease
Resolution _Ordinance X Contract Other (Specify)
Funding Source 333 -3- 333 -699- 0000 - 39150 -CLF Capital Lease Financing
APPROVED FOR SUBMITTAL � ,;,��
City Manager
STAFF RECOMMENDATION 1) Read Appropriation Ordinance by title only at the December
19,1995 meeting, 2) pass the Appropriation Ordinance following the second reading at the
January 9, 1996 meeting
BOARD /COMMISSION RECOMMENDATION
COUNCIL ACTION First Reading: December 19, 1995
III