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Home My WebLink About1997-074 Budget for 1998 ORDINANCE NO. 97- 74 AN ORDINANCE adopting a budget for the City of Yakima, Washington, for the year 1998 and making appropriations for estimated expenditures. WHEREAS, on or before the 1st day of November, 1997, a Preliminary Budget for the City of Yakima for the year 1998 was duly filed with the Director of Finance and City Clerk of the City of Yakima and submitted to the Yakima City Council, all in accordance with applicable laws, and WHEREAS, subsequent to November 1, 1997, the City Council held hearings on the budget and on parts thereof, and on November 18, 1997, the City Council held its formal public hearing on the budget, with additional public comments heard on November 25, 1997; all in accordance with applicable laws, and WHEREAS, subsequent to its formal public hearing, the City Council made adjustments and changes to the budget as the Council deemed necessary or proper and determined the allowance in each item, department, classification and fund, all as set forth in the final budget document attached hereto, all in accordance with applicable laws, now, therefore, BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. The budget for the City of Yakima, Washington, for the year 1998 is hereby adopted in its final form and content as set forth in the budget document entitled "City of Yakima, Annual Budget, 1998," attached hereto and by this reference made a part hereof. Section 2. Estimated Resources and Appropriations for each separate Fund of the City of ill Yakima, and aggregate totals for all such Funds combined, for the year 1998 are set forth in summary form on Schedule A attached hereto and by reference made a part hereof, and are hereby appropriated for expenditure during the year 1998 as set forth in summary form on the attached Schedule A. Section 3. The City Clerk is directed to transmit a certified copy of the budget hereby adopted to the Division of Municipal Corporations in the Office of the State Auditor and to the Association of Washington Cities. Section 4. This ordinance is one required to be made by the laws of the State of Washington, and shall be in full force and effect on January 1, 1998, upon its passage and publication as provided by law. -r# PASSED BY THE CITY COUNCIL, signed and approved this /�o day of December, 1997. i Lynn Buchanan, Mayor ATTEST: City Clerk 40 Publication Date: 13 — 19 —(777' Effective Date: 0/-0/ BUIYIRE A 1 - 12/10/97 • 12/11/97 10:43 AM CITY OF YAKIMA ANNUAL BUDGET -1998 SUMMARY OF APPROPRIATIONS BY FUND O &:4-EDLLEA 1998 1998 Operating Estimated Budget Funds % Fund Resources Appropriations of Budget 0 General Fund $34,529,105 $32,047,153 31.7% 123 Economic Development 1,064,482 1,055,909 1.0% 124 Community Development 2,560,475 2,421,381 2.4% 125 Cable TV Communications 474,933 329,855 0.3% 131 Parks and Recreation 3,628,595 3,415,661 3.4% 140 Growth Management 177,340 175,450 0.2% 141 Street and Traffic Operations 4,038,326 • 3,647,354 3.6% 142 Arterial Street 1,987,969 1,888,002 143 Transportation Improvern®nt ' 735,833 700,000 144 Cemetery 279,681 252,810 0.2% 146 Irrigation 1,907,132 1,670,502 1.7% 150 Emergency Services 759,937 598,829 0.6% 151 Public Safety Communications 1,699,275 , 1,672,221 1.7% 161 Parking and Business improvement 254,502 132,074 162 Trolley (Yakima Interurban Lines) 241,904 236,610 163 Front Street Business Improvement Area 3,500 2,000 • 170 Tourist Promotion 906,823 715,355 0.7% 171 Capitol Theatre, 208,377 153,010 0.2% 195 Contingency 202,131 202,131 198 FRS Capitol Theatre Reserve 1,384,220 7 221 LID Guaranty 59,506 0 271 Housing Limited G.O. Note 0 521,779 243,752 281 1985 G.O. Diversion Darn Bond 75,958 45,685 283 1994 G.O. LTD Levy (Police) Bond Redemption 715,403 549,933 284 1995 G.O. Street, Park & Fire Bond Redemption 1,347,907 1,247,339 285 1997 G.O. Line of Credit 134,298 134,298 287 1996 LTD Levy G.O. Bond Redemption 569,365 449,609 289 LID Debt Service 313,895 147,335 321 CBD Capital Improvement 179,091 118,360 331 Parks and Recreation Capital 469,397 450,000 332 Fire Capital .760,394 50,000 333 Law and Justice Capital 412,471 384,000 342 Public Works Trust Construction 628,809 567,518 345 LID Construction Control 100,000 100,000 364 Transit Capital Reserve 1,842,330 997,500 370 Cap.Imp. Fund for Convention Center 574,002 334,600 392 Cumulative Res. for Capital Improvement 2,531,412 2,501,360 462 Transit 4,348,521 4,320,928 4.3% 471 Refuse 2,441,327 2,350,293 2.3% 472 Wastewater Facilities Capital Reserve 1,229,991 270,000 473 Sewer Operating 10,405,351 9,354,483 9.2% 474 Water Operating 5,161,813 • 4,471,683 4.4% 476 Sewer Construction 3,407,472 2,560,000 477 Domestic Water Improvement 3,350,708 3,167,000 478 Wastewater Facilities 0 2,222,288 1,155,000 479 Irrigation System Improvements 850,000 450,000 Page 1 12/11/97 10:43 AM CITY OF YAKIMA ANNUAL BUDGET -1998 SUIvVVIARY OF APPROPRIATIONS BY FUND A-EA 1998 1998 Operating Estimated Budget • Funds % Fund Resources Appropriations of Budget 481 Water - 1997 Revenue Bond Reserve 50,000 482 W/S 1988 Revenue Bond Reserve 315,789 483 W/S 1996 Revenue Bond Reserve 326,212 484 W/S - Revenue Bond Redemption 1,189,991 1,073,122 486 Water - 1997 Revenue Bond Redemption 200,000 200,000 487 W/S - 1968 Revenue Bond Redemption 515,041 281,485 488 W/S - 1996 Revenue Bond Redemption 492,107 359,660 489 W/S - Revenue Bond Reserve 1,094,284 512 Unemployment Comp. Reserve 285,099 120,920 513 Employees Health Benefit Reserve 5,621,145 4,054,178 514 Workers' Compensation Reserve 894,217 647,834 • 515 Risk Management Reserve 1,947,404 746,442 516 Wellness/EAP 120,000 60,000 551 Equipment Rental 7,016,900. 3,431,968 3.4% 555 Environmental 239,981 153,000 560 Public Works Administration 1,124,705 1,085,963 1.1% 610 Cemetery Trust 468,485 20,000 612 Firemen's Relief and Pension 1,250,843 1,141,312 TOTAL ALL FUNDS $124,850,231 $101,184,793 • Page 2 EXHIBIT 1 BUDGET OVERVIEW EXPENDITURE COMPARISONS 1998 VS 1997 1997 1997 1998 1998 AMENDED EST. ACTUAL - VS 1997 • BUDGET EXPENDITURES BUDGET CHANGE General $30,479,355 $29,715,007 $32,047,153 5.1% .Parks & Recreation $3,295,957 $3,244,941 $3,415,661 3.6% Street & Traffic Operations $3,462,529 $3,454,176 $3,647,354 5.3% Total General Government L $37,237,840 $36,414,124 $39,110,168 5.0% Community Development $2,276,282 $2,132,712 $2,421,381 6.4% Utilities /Other Operating $30,432,024 $27,559,289 $32,162,943 5.7% Capital Improvement' $25,346,419 $15,893,587 $15,693,340 -38.1% Operating Reserves $884,403 $807,271 $1,020,500 15.4% Employee Benefit Reserves $5,659,348 $5,522,859 $6,024,244 6.4% General Obligation Bonds $2,379 $2,379,330 $2,670,616 12.2% LID Debt Service $205,685 $178,800 $147,335 -28.4% Water/Sewer Revenue Bonds $1,979,818 $1,719,307 $1,914,267 -3.3% Trust and Agency Funds $73,000 $20,000 $20,000 -72.6% TOTAL CITY BUDGET • L 8106,474,149 $92,627,279 $101 ,184,793 1 -5.0% O Page 1 • BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT 157 Item No. For Meeting Of 12/16/97 • 1'i "EM TITLE: An Ordinance Adopting a Budget for the City of Yaki• a, Washington, for 1998 - A t SUBMITTED BY: Dick Zais; City Manager John Hanson, Director of Finance and Budget CONTACT PERSON /TELEPHONE: Robert A. Wheeler, CMFA, 5 F5-6070 SUMMARY EXPLANATION: The attached Ordinance adopting the 1998 Budget for the City of Yakima, incorporates all of the final adjustments presented during the budget review process and decisions made by the City Council during the Budget wrap -up session held on Tuesday, December 9, 1997. Final adjustments provide for a 1998 General Government budget level of $39,110,168 — approximately 5.0% greater than the amended 1997 budget level of $37,237,840. The . projected 1998 General Government year -end balance is $3,085,858. As summarized in Exhibit I, the total 1998 City Budget is set at $101 184 793 or (5.0 %1 less than the amended 1997 . Budget of $106,474,119 and $1,424,853greater than the 1998 Preliminary Budget. This increase from the Preliminary Budget includes changes outlined in the Budget Wrap -Up document; the Incubator Project ($1,042,909 or 73.2% of the increase); and Council actions during the Wrap -Up sessions. Resolution X Ordinance Contract Minutes Plan /Map Notification List X Other (Specify) A Schedule • APPROVED FOR SUBMITTAL: A = City Manager STAFF RECOMMENDATION: Adopt Ordinance. COUNCIL ACTION: - • BUDTRE A.1 1 12/11/97