HomeMy WebLinkAbout2003-055 Equipment Rental Fund Appropriation for unanticipated retirement cash-outs I)
ORDINANCE NO. 2003- 55
AN ORDINANCE amending the 2003 budget for the City of Yakima; and making
an appropriation of $100,000 in the 551 - Equipment Rental
Fund for expenditure during 2003 to provide for unanticipated
retirement cash -outs.
WHEREAS, the amount of $100,000 must be appropriated within the 551 -
Equipment Rental Fund for expenditure during 2003 to provide for unanticipated
retirement cash -outs, and
WHEREAS, at the time of the adoption of the 2003 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 $100,000 is hereby appropriated from the
Unappropriated Fund Balance in the 3551 - Equipment Rental Fund to the following
accounts in the following amounts as a 2003 appropriation:
Account Number Amount
551 -551- 634 -ER03- 548.38 -140 - Retirement Cash -Out $55,000
551 -551- 634 -ER03- 548.38 -224 - PERS/Excess Comp @ Retirement $45,000
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 approved this 19th day of
August 2003. /
7 MARY PLACE, MAYOR
ATTEST:
7
CITY CLERK
First Reading: 7 - 15 -2003
Publication Date: 8/22/03
Effective Date: 8/22/03
cje 7/9/2003
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No.
For Meeting Of July 15, 2003
ITEM TITLE: An Ordinance Amending the 2003 Equipment Rental Budget
for Unanticipated Retirement Cash Out Expenditures
SUBMITTED BY: Chris Waarvick, Director of Public Works
Richard Wonner, Fleet and Facilities Manager
Cindy Epperson, Accounting Manager
CONTACT PERSON /TELEPHONE: Richard Wonner, Fleet & Facilities Manager
575 -6412
SUMMARY EXPLANATION:
This Ordinance amends the 2003 Equipment Rental Budget to coincide with unanticipated cash
out expenditures due to the retirement of two (2) Equipment Rental personnel who made their
retirement decisions after the beginning of 2003.
After reviewing the Equipment Rental budget and year -end estimates for 2003, the
recommendation is to increase the 2003 budget because there is not enough room in the
existing budget to absorb this large extraordinary expense. Because of budget containment due
to the difficult economy and the current minimum maintenance staffing, potential savings relating
to the position vacancies will need to be used for outsourcing maintenance services in the near
term.
The attached ordinance increases the Equipment Rental Budget by $100,000 to accommodate
the retirement cash out and PERS excess compensation charges from the State related to these
retirements.
Resolution Ordinance X Other (Specify) Appropriation
Contract Mail to ( name and address):
Phone
Funding Source 000- Equipment Rental Fund Cash Reserve Fund
APPROVED FOR SUBMITTAL:
City Manager
STAFF RECOMMENDATION: Read Ordinance by title only at the July 15, 2003 meeting.
Pass Ordinance after second reading at the August 5, 2003 meeting.
BOARD /COMMISSION RECOMMENDATION:
COUNCIL ACTION: First reading of Ordinance; second reading rescheduled to 8- 15 -03.
Ordinance passed. ORDINANCE 2003 -55
Legal /BD