HomeMy WebLinkAbout08/02/2021 09. Ordinance amending the 2021 Budget 1
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEM ENT
Item No. 9.
For Meeting of:August 2, 2021
ITEM TITLE: Ordinance amending the 2021 Budget for the City of Yakima; and
increasing the Convention Center Fund 170 revenue budget with a
$500,000 allocation from the American Rescue Plan Act(ARPA)
Fiscal Recovery Funds (First Reading)
SUBMITTED BY: Jennifer Ferrer Santa Ines, Director of Finance and Budget
Kimberly Domine, Finance Division Manager
Jennifer Morris, Financial Services Officer
SUMMARY EXPLANATION:
The Convention Center Fund 170 actual year to date revenues are less than anticipated or
projected in the budget. Revenue from Hotel Motel Tax to date total $367,000 and revenue from
Yakima Center operations has brought in $96,000. The annual budget for these revenue sources
were $682,000 and $875,000, respectively.
The Convention Center Fund has a net decrease of $243,000 to date. In order to cover
decreased revenues and anticipated expenditures for the year, Staff is recommending the use of
American Rescue Plan Act (ARPA) Fiscal Recovery Funds to mitigate COVI D-19 related
negative impacts affecting the tourism, travel, and hospitality industry. Per the Interim U.S.
Department of Treasury guidelines, this is an eligible use of fiscal recovery funds.
ITEM BUDGETED: NA
STRATEGIC PRIORITY: Public Trust and Accountability
APPROVED FOR SUBMITTAL BY THE CITY MANAGER
RECOM M ENDAT ION:
First reading of Ordinance.
ATTACHMENTS:
Description Upload Date Type
0 Ordinance 7/29/2021 Ordinance
CI Memo 7/29/2021 Corer Memo
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ORDINANCE NO. 2021-
AN ORDINANCE amending the 2021 Budget for the City of Yakima; and
increasing the Convention Center Fund 170 revenue budget
with a $500,000 allocation from the American Rescue Plan Act
(ARPA) Fiscal Recovery Funds.
WHEREAS, the ARPA Fiscal Recovery Funds provides for economic impacts for
hard hit industries such as tourism, travel, and hospitality; and
WHEREAS, at the time of the adoption of the 2021 budget it could not reasonably
have been foreseen to anticipate continued and sustained negative economic impacts to
the tourism, travel, and hospitality industries, and
WHEREAS this transfer of ARPA Fiscal Recovery Funds allocation would mitigate
the revenue loss in The Convention Center Fund 170 as a result of the COVID-19
pandemic; now, therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. A revenue transfer allocation totaling $500,000 is hereby made, for
Convention Center Fund 170, from ARPA Fiscal Recovery Funds as specified in the
Schedule 1 attached hereto and incorporated herein.
Section 2. This ordinance is making a transfer of revenue from ARPA Fiscal
Recovery Funds to Convention Center Fund 170 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 17th day of August,
2021.
Patricia Byers, Mayor
ATTEST:
Sonya Clear Tee, City Clerk
First Reading: August 2, 2021
Publication Date:
Effective Date:
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FINANCE
TO: Mayor and City Council
FROM: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
DATE: July 29, 2021
RE: 2021 Budget Amendment Ordinance
This budget ordinance affects course corrections based on new information for the 2021 Budget
year that was not known at the time of budget adoption.
Staff requests approval of adjustments and corrections to the 2021 budget for a need that is now
known that was not known at the time of adoption.
The Convention Center Fund 170 actual year to date revenues are less than anticipated or
projected in the budget. Revenue from Hotel Motel Tax to date total $367,000 and revenue from
Yakima Center operations has brought in $96,000. The annual budget for these revenue sources
were $682,000 and $875,000, respectively.
The Convention Center Fund has a net decrease of$243,000 to date. In order to cover decreased
revenues and anticipated expenditures for the year, Staff is recommending the use of American
Rescue Plan Act (ARPA) Fiscal Recovery Funds to mitigate COVID-19 related negative impacts
affecting the tourism, travel, and hospitality industry. Per the Interim U.S. Department of Treasury
guidelines, this is an eligible use of fiscal recovery funds.
City of Yakima
2021 Budget Amendment SCHEDULE
August 2021 Budget Amendment
From Fund To Fund From Dr(Cr) To Dr(Cr)
Fund Account# Name Fund Account Name $ $
Increase Revenue Budget
General Fund 1 8953119 American Rescue 170 8953119 Convention Center $ 500,000.00 $ (500,000.00)
$ 500,000.00 $ (500,000.00)