HomeMy WebLinkAbout02/19/2013 15 DYBID Fund 161; Budget Amendment and Appropriations • . _ ..
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. i
For Meeting of February 19, 2013
ITEM TITLE: Ordinance (First Reading) amending the 2013 budget for
the City of Yakima; and making appropriations from
Unappropriated Fund Balance within the Downtown
Yakima Business Improvement District (DYBID) Fund 161
for expenditure during 2013 to provide for marketing and
landscaping improvements in the district.
SUBMITTED BY: Sean Hawkins, Economic Development Manager
Cindy Epperson, Director of Finance and Budget
CONTACT Sean Hawkins, Economic Development Manager 575 -6274
PERSON /TELEPHONE:
ID
SUMMARY EXPLANATION:
The DYBID Advisory Board is requesting an additional appropriation of DYBID Funds
(Account 161) for 2013 operations. The adopted 2013 budget of $180,474 was
conservatively set prior to final determinations on the re- formed district and program review
by the new manager. The board is requesting an additional $40,000 of DYBID resources to
fund a number of downtown projects. The additional appropriation would support:
o A matching grant program for DYBID businesses to expand outside landscaping in
the public right of way. This would include planters, hanging baskets and plantings.
The total for this is $15,000 and each business would eligible for a $250 award.
• $25,000 for an updated version of www.downtownyakima.com and a social media
presence to promote downtown activities, business, art and events.
These additional projects are proposed to be funded by increased assessment revenue of
$25,000 and fund balance of $15,000. After the additional appropriation, the DYBID account
is projected to have an ending balance of about $30,000 to start 2014. This estimated
balance does not include any dollars that the City of Yakima is currently trying to collect
from accounts with outstanding balances.
Resolution Ordinance X Other
(specify)
Contract: Mail to:
Contract Term: Amount: Expiration Date:
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Insurance Required? No
Funding Phone:
Source:
APPROVED FOR
SUBMITTAL: City Manager
STAFF RECOMMENDATION:
Read Ordinance by title only at the February 19, 2013
BOARD /COMMISSION RECOMMENDATION:
ATTACHMENTS:
Click to download
❑ Ord DYBID Appropriation
ORDINANCE NO. 2013 -
AN ORDINANCE amending the 2013 budget for the City of Yakima; and making
appropriations of $40,000 in the Downtown Yakima Business
Improvement District (DYBID) Fund 161 for expenditure during 2013 to
provide for additional marketing and landscaping improvements in the
district.
WHEREAS, the DYBID Advisory Board has recommended an additional appropriation of
$40,000 to provide for additional marketing and landscaping improvement in the district; and
WHEREAS, at the time of the adoption of the 2013 budget it could not be reasonably
foreseen that the appropriation provided for by this ordinance would be required; and the City
Council declares 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:
A. The amount of $40,000 is hereby appropriated from the Unappropriated Fund
Balance in the Downtown Yakima Business Improvement Fund 161 - to the following
accounts as a 2013 appropriation:
Resources:
DYBID Operating Assessments 161 - 161 - 320 - 0000 - 36850 -CAA $25,000
Expenditures:
DYBID Professional Services 161 - 161 - 320 - 0000 - 57330 -410 $40,000
Section 2. This ordinance is one making an emergency appropriation and shall take
effect immediately after its passage, approval, and publication as provided by law and by the
City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this day of
, 2013.
Micah Cawley, Mayor
ATTEST:
City Clerk
Ordinance No.:
Publication Date:
Effective Date: