HomeMy WebLinkAbout12/04/2018 12 2018 Budget Amendment; Unappropriated FundsBUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
1
Item No. 12.
For Meeting of: December 4, 2018
ITEM TITLE: Ordinance amending the 2018 budget and making appropriations
from unappropriated balances for expenditure during 2018 (First
Reading)
SUBMITTED BY: Ana Cortez, Assistant City Manager
Steve Groom, Budget and Finance Director
SUMMARY EXPLANATION:
Staff recommends the following budget transfers to amend the 2018 Budget to true up funds:
1. Increase expenditures due to additional revenue within the same fund and/or interfund transfer:
a. Authorize $25,000 in Cemetery Fund (141) due to increased revenues in Cemetery Fund
b. Authorize $5,000 in Capitol Theatre (171) expenditures due to Additional PFD revenue in
Capitol Theatre
c. Authorize $40,000 additional expenditures in Water Fund (474) revenue due to increased
revenues in Water Fund
d. Authorize $326,000 additional expenditures in Stormwater Fund (442) due to increased
revenue and transfer to Streets (141)
e. Authorize $89,000 additional expenditures in Airport fund (421) from $61,000 due to
increased revenues in Airport and $28,000 drawn from Airport fund balance
f. Authorize $74,000 additional expenditures in Capital Improvement Reserve (392) due to
$31,000 in additional GIS revenue and $43,000 transfer in from General Fund
2. Transfers from General Fund to replenish Fund Balances (0.4% of total general fund)
a. $110,000 to Law & Justice (333)
b. $144,000 to Streets (141)
3. Transfers between Funds to record project costs into the correct funds, a technical accounting
correction
a. $38,000 from Streets (141) to Airport (421)
b. $850,000 from Wastewater (476) to Yakima RDA (323)
ITEM BUDGETED: No
STRATEGIC PRIORITY: Public Trust and Accountability
APPROVED FOR
SUBMITTAL:
STAFF RECOMMENDATION:
First reading only -- no action necessary.
BOARD/COMMITTEE RECOMMENDATION:
ATTACHMENTS:
Description
0 ad amending the 2018 budget
0 Interfund Transfers
Upload Date
11/2812018
11/27/2018
Type
Cover Memo
Co\,er Memo
2
AN ORDINANCE
ORDINANCE NO. 2018 -
amending the 2018 budget for the City of Yakima; and making
appropriations from Unappropriated Fund Balances within
various funds for expenditure during 2018 for various purposes
described in the attached Schedule.
WHEREAS, the various funds indicated on the attached Schedule I contain
Unappropriated Fund Balances available for appropriation and expenditures during 2018
in various amounts and for the purposes mentioned in the attached Schedule, and
WHEREAS, at the time of the adoption of the 2018 budget it could not reasonably
have been foreseen that the appropriation provided for by this ordinance would be
required 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 2018, 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
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 th day of
December, 2018
ATTEST:
ACTING CITY CLERK
First Reading:
Publication Date:
Effective Date:
December 4, 2018
December 11, 2018
December 11, 2018
MAYOR
3
City of Yakima
2018 Budget Amendment - Interfund Tranfers
December 2018
From Fund
To Fund
Name
IName
Expenditure
Revenue
Dr (Cr)
Dr (Cr)
4
Description
Increase expenditures due to additional revenue within the same fund:
144 Cemetery
171 Capitol Theatre
474 Water operating
144 Cemetery
171 Capitol Theatre
474 Water operating
442 Stormwater Operating
442 Stormwater Operating
141 Streets
25,000 Increased storm and other operating costs
(25,000) Increased revenue from burial services
25,000 (25,000)
5,000 Additional Small Tools & Equipment
(5,000) Additional PFD Revenue
(5,000)
40,000
(40,000) Increase Water Revenue
40,0 0 {40,000)
326,000
(26,000) Additional utility tax revenue
(300,000) Transfer to Streets
2-
(326,000)
392 Capital Improvement Reserve
392 Capital Improvement Reserve
392 Cap Impr Reserve
74,000 Laser fiche system
(31,000) Additional GIS Revenue
(43,000) Transfer in From General Fund to replenish fund balance
74,0 0 (74,000)';
421 Airport (61,000) Additional Revenue from sale of Land
(28,000) From fund balance
421 Airport 38,000 De -Icer System
421 Airport 6,000 Heater
421 Airport 15,000 Improvements to security system
421 Airport 30,000 Improvements to sewer system
89,000
Transfer from General Fund to replenish Fund Balances
001 General Fund
001 General Fund
001 General Fund
392 Cap Impr Reserve
333 Law & Justice
141 Streets
43,000 To replenish Capital Reserve fund balance
(43,000) Transfer in From General Fund to replenish fund balance
110,000 To replenish Law & Justice fund balance
(110,000) Transfer in from GF to replenish fund balance
144,000 For unexpected acquisition of equipment and street repair costs
(144,000) Transfer from General Fund for street repair costs and unexpected
acquisition of equipment
297'
297
Transfer between funds to record project costs to correct fund
141 Streets
476 WW
421 Airport
323 Yakima RDA
38,000 One-time Interfund Transfer to Airport
(38,000) One-time Interfund Transfer from Streets
850,000 Transfer to 323 for Lift/Mill site area sewer replacement
(850,000) Transfer from 476 for Lift/Mill site area towards $1M match
2,929,000 (2,929,000)