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HomeMy WebLinkAbout2017 Budget AmendmentCITY OF MEDINA, WASHINGTON ORDINANCE NO. 950 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF MEDINA, WASHINGTON AMENDING ORDINANCE NO. 942 2017 BUDGET WHEREAS, the Medina City Council enacted Ordinance 942 on November 14, 2016 approving the budget for 2017; and WHEREAS, it is necessary to increase Tree Fund Expenditures NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MEDINA, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION 1. Ordinance No. 942 is hereby amended as summarized below: General Street Tree Capital Capital Total Fund Fund Fund Projects Fund Reserve All Funds Beginning Fund Balance $1,406,168 $ 80,529 $ 294,151 $1,567,014 $ 93,827 $3,441,689 Revenues $6,034,502 $ 93,871 $ 10,000 $ 1,089,290 $ -0- $7,227,663 Transfers In $ -0- $ 250,000 $ -0- $ -0- $ -0- $ 250,000 Total Resources $6,034,502 $ 343,871 $ 10,000 $ 1,089,290 $ -0- $7,477,663 Expenditures $6,024,376 $ 391,814 $ 45,000 $ 1,041,000 $ -0- $7,502,190 Transfers Out $ 210,000 $ -0- $ -0- $ 40,000 $ -0- $ 250 000 Total Uses $6,234,376 $ 391,814 $ 45,000 $ 1,081,000 $ -0- $7,752,190 Fund Balance $1,206,294 $ 32,586 $ 259,151 $ 1,575,304 $ 93.827 $3,167,162 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. Ordinance No. 950 Page 1 of 2 PASSED BY AT LEAST ONE MORE THAN A MAJORITY OF THE CITY COUNCIL ON THIS 9TH DAY OF OCTOBER 2017, AND SIGNED IN AUTHENTICATION OF ITS PASSAGE THE 9TH DAY OF OCTOBER 2017. Alex Mor ayor Approved as to form: Kathleen J. Haggard, OUty Attorney Porter, Foster, Rorick, LLP Attest: Aimee Kellerman, City Clerk Ordinance No. 950 Page 2 of 2