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HomeMy WebLinkAbout2016 Budget AmendmentCITY OF MEDINA, WASHINGTON ORDINANCE NO. 940 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF MEDINA, WASHINGTON AMENDING ORDINANCE NO. 928 2016 BUDGET WHEREAS, the Medina City Council enacted Ordinance 928 on November 9, 2015 approving the budget for 2016; and WHEREAS, the Medina City Council adopted Ordinance 938 on September 12, 2016 amending the budget for 2016, and WHEREAS, it is necessary to increase General Fund Expenditures, and WHEREAS, this ordinance has been approved at least five days after its introduction as required by RCW 35A.33.090. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MEDINA, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION 1. Ordinance No. 928 is hereby amended as summarized below: General Street Tree Capital Fund Fund Fund Projects Beginning Fund Balance $2,618,596 $ 83,347 $ 122,719 $1,450,128 Revenues $5,749,249 $ 112,250 $ 0 $ 1,243,266 Transfers In $1,800,000 $ 250,000 $ 0 $ 0 Total Resources $7,549,249 $ 362,250 $ 0 $ 1,243,266 Expenditures $8,985,580 $ 359,078 $ 50,000 $ 1,355,131 Transfers Out 0 $ 0 $ 0 $ 250,000 Total Uses $8,985,580 $ 359,078 $ 50,000 $ 1,605,131 71 Capital Total Fund Reserve All Funds $1,884,599 $6,159,389 1 $ 19,292 $7,124,057 1 $ 19,292 $9,174,057 1 $ 0 $10,749,789 1 $1,800,000 $12,799,789 1 Ordinance No. 940 Page 1 of 2 SECTION 2. The City Manager is authorized to make any transfers necessary to carry out the terms of this ordinance. SECTION 3. The effective date of this ordinance shall be (5) days after its publication of a summary of its intent and contents. PASSED BY AT LEAST ONE MORE THAN A MAJORITY OF THE CITY COUNCIL ON THIS 14TH DAY OF NOVEMBER 2016, AND SIGNED IN AUTHENTICATION OF ITS PASSAGE THE 14TH DAY OF NOVEMBER 2016. Approved as to form: Kathleen J`Haggard, City Attorney Porter, Foster, Rorick, LLP Alex Morcos, yor Attest: Aimee Kellerman, City Clerk Ordinance No. 940 Page 2 of 2