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HomeMy WebLinkAbout12/03/2024 09.E. Ordinance amending the 2024 Budget for the City of Yakima and making appropriations from unappropriated fund balances within various funds for expenditure during 2024 for various purposes (First Reading) `y s ljlt ii! ' r I!I/ sNOW. . BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 9.E. For Meeting of: December 3, 2024 ITEM TITLE: Ordinance amending the 2024 Budget for the City of Yakima and making appropriations from unappropriated fund balances within various funds for expenditure during 2024 for various purposes (First Reading) SUBMITTED BY: *Viren Mayani, Director of Finance & Budget Kimberly Domine, Financial Services Manager Jennifer Paxton, Financial Services Officer SUMMARY EXPLANATION: This appropriation is an ordinance amending the 2024 Budget to provide appropriations for projects or programs which were unknown or uncertain and therefore not included at the time of the 2024 Budget adoption. ITEM BUDGETED: N/A STRATEGIC PRIORITY 24-25: A Resilient Yakima RECOMMENDATION: First Reading - no action required. ATTACHMENTS: Budget Ordinance Additional 4Q2024.docx MEMO-2024 4th Quarter Buget Amendment Additional.pdf JM-2024 4th Quarter Budget Amendment 2.pdf 2024 Revised Budget By Fund 4th Quarter Adtl.pdf 82 ORDINANCE NO. 2024- AN ORDINANCE amending the 2024 Budget for the City of Yakima; and making appropriations from Unappropriated Fund Balances within various funds for expenditure during 2024 for various purposes. WHEREAS, the various funds indicated on the attached Schedule I contain Unappropriated Fund Balances available for appropriation and expenditures during 2024 in various amounts and for the purposes mentioned in the attached Schedule; and WHEREAS, at the time of the adoption of the 2024 budget, it could not reasonably have been 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. Appropriations are hereby made, for expenditure during 2024, from Unappropriated Fund Balances in the various Funds to the various accounts and in the various amounts, and for the various specific purposes, all as specified in the Schedule I attached hereto and incorporated herein. 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 10th day of December, 2024. Patricia Byers, Mayor ATTEST: Rosalinda Ibarra, City Clerk First Reading: December 3, 2024 Publication Date: Effective Date: 83 FINANCE TO: Mayor and City Council THRU: Vicki Baker FROM: Viren Mayani, Finance Director Kimberly Domine, Finance Division Manager Jen Paxton, Financial Services Officer DATE: November 19th, 2024 RE: 2024 Additional 4th Quarter Budget Ordinance This budget ordinance effects course corrections based on new information for the 2024 Budget year that was not known at the time of budget adoption. Budget amendments come before City Council; normally on a quarterly basis, to be transparent and accountable. The budget amendment is a recurring budget process step; staff accumulates information as it occurs and brings the adjustments to council. It is typically for one of four reasons: 1) New additional revenue makes it possible to approve additional related expenses, 2) Prior-year budgeted obligations need to be rolled forward to match disbursement in the current year, if not yet disbursed by Feb. 28th (60 days), 3) Accumulated fund balances can be appropriated, and 4) Corrections or changes between funds. Staff requests approval of adjustments and corrections to the 2024 budget that are now known that were not known at the time of adoption, per the attached detail spreadsheet, described in more detail as follows. Item numbers listed match red Ref#'s on attached schedule I: New Revenue: NONE From Fund Balance: The adjustments and corrections to the 2024 budget that are now known that were not known at the time of adoption, are: 1). Increase expenditures in N Front Street PBA Fund 163 for expenditures for banners. $8,000 2 Increase expenditures in Parks Capital 331 Fund for construction costs for the MLK Aquatic center PK-2745. $500,000 Technical Adjustment: NONE Staff expects further 2024 course-correction budget adjustments later in the year, as new information becomes available that is not fully known at this time. 84 City of Yakima 2024 Budget Amendment SCHEDULE 2 4th Quarter Amendment 2 From Fund From Dr(Cr) To Fund To Dr(Cr) # Description Fund Account# Name $ Fund Account Name $ Ref Increase Budget Expenditures from Reserves N Front St PBIA 163 2074910 Miscellaneous Expense $ 8,000.00 163 Reserve $ 8,000.00 Banners for N Front Street Parks Capital 331 5436500 Construction Projects $ 500,000.00 331 Reserve $ 500,000.00 MLK Pool Project PK-2745 $ 508,000.00 $ 508,000.00 Total Amendment $ 508,000.00 $ 508,000.00 0 .3/2024 1 of 1 \\yakima_city\YKFN\Shared\Budget 2025-2026\JM-2024 4th Quarter Budget Amendment 2 2024 Adopted Budget Revised Quarter 4 QTR 2 Budget Amendment A I B C D I E I F I G H I I I J I K L M 1 Fund Revenue Expenditures Ending Fund Balance Beginning Fund Balance As of 2 10/1/2024 Adopted Budget Prior Adjustment Current Adjustmei Revised Adopted Budget Prior Adjustment Current AdjustmE Revised Fund Blance Percentage 3 General Government Funds: $ 24,754,497.35 $ 122,421,019.22 $ 8,163,948.14 $ - $ 130,584,967.36 $ 124,202,874.40 $ 12,734,068.74 $ 8,000.00 $ 136,944,943.14 $ 18,394,521.57 4 001 General Fund $ 10,527,088.19 $ 70,393,192.23 $ 1,870,683.28 $ - $ 72,263,875.51 $ 71,254,330.29 $ 6,778,707.65 $ 78,033,037.94 $ 4,757,925.76 6.10% 5 003 .3%Criminal Justice $ 1,210,367.21 $ 3,322,000.00 $ 3,322,000.00 $ 3,927,713.05 $ 3,927,713.05 $ 604,654.16 15.39% 6 612 Firemens Pension $ 1,460,073.33 $ 877,088.00 $ 877,088.00 $ 1,074,746.96 $ 163,000.00 $ 1,237,746.96 $ 1,099,414.37 88.82% 7 131 Parks $ 545,217.50 $ 6,553,588.76 $ 6,553,588.76 $ 6,558,588.84 $ 6,558,588.84 $ 540,217.42 8.24% 8 141 Streets $ 2,298,984.54 $ 6,615,518.00 $ 6,615,518.00 $ 6,753,842.17 $ 150,000.00 $ 6,903,842.17 $ 2,010,660.37 29.12% 9 124 Community Dev $ 1,084,144.66 $ 3,462,688.81 $ 3,462,688.81 $ 3,955,921.22 $ 3,955,921.22 $ 590,912.25 14.94% 10 125 Community Relations $ 708,598.78 $ 607,126.00 $ 607,126.00 $ 691,035.02 $ 691,035.02 $ 624,689.76 90.40% 11 132 Aquatic Center at MLK JR $ - $ - $ 719,000.00 $ 719,000.00 $ - $ - $ 719,000.00 #DIV/0! 12 136 Clean City Program $ 495,307.63 $ 856,509.00 $ 856,509.00 $ 777,553.82 $ 777,553.82 $ 574,262.81 73.86% 13 144 Cemetery $ 183,077.01 $ 390,000.00 $ 390,000.00 $ 412,488.99 $ 9,000.00 $ 421,488.99 $ 151,588.02 35.96% 14 150 Emergency Services $ 107,751.48 $ 2,283,698.00 $ 494,847.65 $ 2,778,545.65 $ 1,624,674.64 $ 560,517.65 $ 2,185,192.29 $ 701,104.84 32.08% 15 151 Public Safety Comm $ 840,538.55 $ 2,550,821.00 $ 2,550,821.00 $ 2,522,581.96 $ 2,522,581.96 $ 868,777.59 34.44% 16 154 Dispatch $ 674,968.50 $ 1,816,985.00 $ 1,816,985.00 $ 1,807,943.35 $ 1,807,943.35 $ 684,010.15 37.83% 17 153 .3%PS Commun $ 356,420.52 $ 215,000.00 $ 215,000.00 $ 373,142.94 $ 373,142.94 $ 198,277.58 53.14% 18 152 Police Grants $ 954,704.75 $ 180,000.00 $ 892,431.00 $ 1,072,431.00 $ 232,411.40 $ 892,431.00 $ 1,124,842.40 $ 902,293.35 80.22% 19 161 DYBID $ 80,643.14 $ 185,750.00 $ 185,750.00 $ 184,632.28 $ 184,632.28 $ 81,760.86 44.28% 20 162 Trolley $ 52,133.25 $ 11,868.93 $ 11,868.93 $ 15,305.26 $ 15,305.26 $ 48,696.92 318.17% 21 163 Front St PBIA $ 10,094.10 $ 3,700.00 $ 3,700.00 $ 3,700.00 $ 8,000.00 $ 11,700.00 $ 2,094.10 17.90% 22 170 Tourism Promo $ 822,376.77 $ 2,106,200.00 $ 2,106,200.00 $ 1,998,903.88 $ 1,998,903.88 $ 929,672.89 46.51% 23 171 Capitol Theatre $ 107,988.67 $ 432,000.00 $ 432,000.00 $ 421,504.30 $ 421,504.30 $ 118,484.37 28.11% 24 172 Pub Fac District $ 926,012.94 $ 1,122,943.00 $ 1,122,943.00 $ 1,430,082.08 $ 1,430,082.08 $ 618,873.86 43.28% 25 173 TPA $ 126,107.40 $ 1,210,400.00 $ 1,210,400.00 $ 1,217,550.28 $ 1,217,550.28 $ 118,957.12 9.77% 26 174 Cap Th PFD $ 730,372.11 $ 861,330.74 $ 861,330.74 $ 651,608.56 $ 33,930.00 $ 685,538.56 $ 906,164.29 132.18% 27 180 American Rescue Plan $ 67,700.00 $ 11,958,421.09 $ 4,153,056.21 $ 16,111,477.30 $ 11,958,421.09 $ 4,146,482.44 $ 16,104,903.53 $ 74,273.77 0.46% 28 272 Cony Ctr PFD $ 366,200.21 $ 1,454,277.00 $ 33,930.00 $ 1,488,207.00 $ 1,404,278.36 $ 1,404,278.36 $ 450,128.85 32.05% 29 281 GO Bonds $ 17,626.11 $ 2,949,913.66 $ 2,949,913.66 $ 2,949,913.66 $ 2,949,913.66 $ 17,626.11 0.60% 30 Capital Project Funds: $ 17,590,194.91 I $ 16,591,461.15 I $ 23,553,573.35 I $ - I $ 40,145,034.50 I $ 18,032,299.48 I $ 21,744,902.77 I $ 500,000.00 I $ 40,277,202.25 I $ 17,458,027.16 31 321 CBD Cap Impr $ 55,023.93 $ - $ - $ - $ - $ 55,023.93 #DIV/0! 32 322 Cap Th Constr $ 197,361.31 $ 60,000.00 $ 60,000.00 $ 60,000.00 $ 89,037.46 $ 149,037.46 $ 108,323.85 72.68% 33 323 YRDA $ 745,824.94 $ 1,260,000.00 $ 1,000,000.00 $ 2,260,000.00 $ 1,259,925.10 $ 1,259,925.10 $ 1,745,899.84 138.57% 34 331 Parks Capital $ 365,035.38 $ 207,120.00 $ 8,797,151.35 $ 9,004,271.35 $ 61,558.56 $ 7,297,466.35 $ 500,000.00 $ 7,859,024.91 $ 1,510,281.82 19.22% 35 332 Fire Capital $ 606,001.95 $ 163,000.00 $ 163,000.00 $ 82,291.42 $ 120,000.00 $ 202,291.42 $ 566,710.53 280.15% 36 333 Law&Justice Cap $ 422,375.66 $ 278,032.31 $ 278,032.31 $ 2,718.00 $ 21,000.00 $ 23,718.00 $ 676,689.97 2853.07% 37 303 .3%L&J Cap $ 552,649.75 $ 120,000.00 $ 120,000.00 $ 120,000.00 $ 120,000.00 $ 552,649.75 460.54% 38 342 Reet1 $ 2,978,608.27 $ 1,492,447.84 $ 1,492,447.84 $ 1,394,758.70 $ 109,144.56 $ 1,503,903.26 $ 2,967,152.85 197.30% 39 343 Reet2 $ 1,114,691.54 $ 1,408,000.00 $ 1,408,000.00 $ 1,898,636.13 $ 42,832.40 $ 1,941,468.53 $ 581,223.01 29.94% 40 344 TBD $ 5,211,580.42 $ 1,786,000.00 $ 1,786,000.00 $ 1,999,235.12 $ 1,999,235.12 $ 4,998,345.30 250.01% 41 346 Streets Capital $ 3,308,659.68 $ 9,036,861.00 $ 13,756,422.00 $ 22,793,283.00 $ 9,956,993.45 $ 13,756,422.00 $ 23,713,415.45 $ 2,388,527.23 10.07% 42 370 ConvCtrCapital $ 1,839,510.53 $ 780,000.00 $ 780,000.00 $ 1,089,097.20 $ 225,000.00 $ 1,314,097.20 $ 1,305,413.33 99.34% 43 392 Cap Impr Reserve $ 192,871.55 $ - $ - $ 107,085.80 $ 84,000.00 $ 191,085.80 $ 1,785.75 0.93% Co a) 2024 Adopted Budget Revised Quarter 4 QTR 2 Budget Amendment _ A I B C D I E I F I G H I I I J I K L M 1 Fund Revenue Expenditures Ending Fund Balance Beginning Fund Balance As of 2 10/1/2024 Adopted Budget Prior Adjustment Current Adjustme Revised Adopted Budget Prior Adjustment Current Adjustme Revised Fund Blance Percentage 3 General Government Funds: $ 24,754,497.35 $ 122,421,019.22 $ 8,163,948.14 $ - $ 130,584,967.36 $ 124,202,874.40 $ 12,734,068.74 $ 8,000.00 $ 136,944,943.14 $ 18,394,521.57 44 Enterprise Funds: $ 76,773,255.31 I $ 91,761,690.42 $ 11,955,851.00 $ - $103,717,541.42 $ 93,007,371.55 $ 28,289,461.93 $ - $121,296,833.48 $ 59,193,963.25 45 421 Airport Operations $ 1,250,695.73 $ 1,790,816.00 $ 453,000.00 $ 2,243,816.00 $ 1,943,275.79 $ 542,249.37 $ 2,485,525.16 $ 1,008,986.57 40.59% 46 422 Airport Capital $ 409,992.96 $ 6,628,451.00 $ 6,628,451.00 $ 6,542,357.12 $ 6,542,357.12 $ 496,086.84 7.58% 47 441 StormwaterOps $ 2,702,964.98 $ 4,064,410.00 $ 4,064,410.00 $ 3,922,839.12 $ 2,978.86 $ 3,925,817.98 $ 2,841,557.00 72.38% 48 442 StormwaterCap $ 4,678,447.66 $ 955,116.65 $ 955,116.65 $ 925,292.32 $ 2,000,810.91 $ 2,926,103.23 $ 2,707,461.08 92.53% 49 462 Transit $ 13,239,869.97 $ 11,251,664.00 $ 11,251,664.00 $ 10,463,531.69 $ 6,222.47 $ 10,469,754.16 $ 14,021,779.81 133.93% 50 464 Transit Capital $ 4,585,744.28 $ 1,812,267.66 $ 1,902,851.00 $ 3,715,118.66 $ 1,700,000.00 $ 2,485,401.10 $ 4,185,401.10 $ 4,115,461.84 98.33% 51 471 Refuse $ 5,042,504.57 $ 9,701,655.93 $ 9,701,655.93 $ 9,659,455.01 $ 306,222.49 $ 9,965,677.50 $ 4,778,483.00 47.95% 52 472 WW Cap Fac $ 2,904,320.85 $ 1,000,000.00 $ 1,000,000.00 $ 910,149.84 $ 1,900,000.00 $ 2,810,149.84 $ 1,094,171.01 38.94% 53 473 WW Operating $ 12,518,020.09 $ 24,388,793.00 $ 24,388,793.00 $ 26,498,563.78 $ 4,229,408.94 $ 30,727,972.72 $ 6,178,840.37 20.11% 54 474 Water Operating $ 7,515,183.91 $ 13,905,032.89 $ 13,905,032.89 $ 13,690,775.78 $ 330,356.88 $ 14,021,132.66 $ 7,399,084.14 52.77% 55 475 Irrigation Operating $ 1,073,077.00 $ 2,167,600.00 $ 2,167,600.00 $ 2,654,282.13 $ 61,810.91 $ 2,716,093.04 $ 524,583.96 19.31% 56 476 WW Constr $ 9,676,223.58 $ 2,205,116.65 $ 2,205,116.65 $ 1,768,067.52 $ 7,700,000.00 $ 9,468,067.52 $ 2,413,272.71 25.49% 57 477 Water Capital $ 2,976,755.14 $ 3,205,116.64 $ 3,205,116.64 $ 668,517.04 $ 2,724,000.00 $ 3,392,517.04 $ 2,789,354.74 82.22% 58 478 WW Facilities $ 8,179,480.86 $ 4,000,000.00 $ 4,000,000.00 $ 8,000,000.00 $ 4,383,978.24 $ 6,000,000.00 $ 10,383,978.24 $ 5,795,502.62 55.81% 59 479 Irrigation Capital $ (1,645,186.05) $ 4,027,000.00 $ 5,600,000.00 $ 9,627,000.00 $ 6,617,636.17 $ 6,617,636.17 $ 1,364,177.78 20.61% 60 488 WW Rev Bond $ 14,897.17 $ 387,900.00 $ 387,900.00 $ 387,900.00 $ 387,900.00 $ 14,897.17 3.84% 61 491 Irrig Rev Bond $ 29,314.26 $ 270,750.00 $ 270,750.00 $ 270,750.00 $ 270,750.00 $ 29,314.26 10.83% 62 493 WW Rev Bond $ 1,620,948.35 $ - $ - $ - $ - $ 1,620,948.35 #DIV/0! 63 Internal Service Funds: $ 20,304,202.39 I $ 35,817,068.88 $ 1,200,341.55 $ - $ 37,017,410.43 $ 37,730,977.87 $ 5,448,456.14 $ - $ 43,179,434.01 $ 14,142,178.81 64 512 Unemploy Reserve $ 510,649.07 $ 259,358.01 $ 259,358.01 $ 209,018.93 $ 65,000.00 $ 274,018.93 $ 495,988.15 181.01% 65 513 Health Reserve $ 4,020,232.41 $ 15,628,548.35 $ 15,628,548.35 $ 15,289,094.77 $ 36,200.00 $ 15,325,294.77 $ 4,323,485.99 28.21% 66 514 Workers Comp Res $ 364,854.22 $ 4,480,686.00 $ 4,480,686.00 $ 3,699,144.15 $ 3,699,144.15 $ 1,146,396.07 30.99% 67 515 Risk Mgmt Reserve $ 7,982,497.20 $ 4,546,286.36 $ 4,546,286.36 $ 7,352,241.57 $ 145,000.00 $ 7,497,241.57 $ 5,031,541.99 67.11% 68 516 Wellness $ 204,582.16 $ 75,000.00 $ 75,000.00 $ 66,900.00 $ 66,900.00 $ 212,682.16 317.91% 69 551 Equipment Rental $ (400,344.26) $ 3,654,133.09 $ 3,654,133.09 $ 3,745,399.37 $ 3,745,399.37 $ (491,610.54) -13.13% 70 552 Replacement Reserve $ 5,899,823.25 $ 2,444,747.00 $ 1,200,341.55 $ 3,645,088.55 $ 2,520,000.00 $ 4,972,256.14 $ 7,492,256.14 $ 2,052,655.66 27.40% 71 555 Environmental $ 281,653.73 $ 630,000.00 $ 630,000.00 $ 724,657.84 $ 724,657.84 $ 186,995.89 25.80% 72 560 PW Admin $ 700,566.73 $ 1,462,119.00 $ 1,462,119.00 $ 1,488,330.17 $ 230,000.00 $ 1,718,330.17 $ 444,355.56 25.86% 73 581 Customer SVC $ 739,687.88 $ 2,636,191.07 $ 2,636,191.07 $ 2,636,191.07 $ 2,636,191.07 $ 739,687.88 28.06% 74 Fiduciary Funds: $ 2,301,995.36 I $ 12,000.00 $ - $ - $ 12,000.00 $ 12,000.00 $ - $ - $ 12,000.00 $ 2,301,995.36 75 632 Yakcorps $ 1,160,478.48 $ - $ - $ - $ - $ 1,160,478.48 #DIV/0! 76 633 Custodial Fund $ 402,769.62 $ - $ - $ - $ - $ 402,769.62 77 710 Cemetery Trust $ 738,747.26 $ 12,000.00 $ - $ 12,000.00 $ 12,000.00 $ - $ 12,000.00 $ 738,747.26 6156.23% 78 Grand Total $ 141,724,145.32 $ 266,603,239.67 $ 44,873,714.04 $ - $ 311,476,953.71 $ 272,985,523.30 $ 68,216,889.58 $ 508,000.00 $ 341,710,412.88 $ 111,490,686.15 32.63% 79 80 CO "•••1