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HomeMy WebLinkAboutOrdinance No. 0595CITYOFMEDINAORDINANCENO595ANORDINANCEADOPTINGABUDGETFORTHECITYOFMEDINAWASHINGTONFORTHEYEAR1995ANDSETTINGFORTHINSE4ARYFORMTHETOTALSOFFaTIMATEDREVENUESANDEXPENDITURESFOREACHSEPARATEFUNDANDTHEAGGREGATETOTALSFORALLSUCHFUNDSCOMBINEDBEITORDAINEDBYTHECITYCOUNCILOFTHECITYOFHEDINAWASHINGTONASFOLLOWSSection1InaccordancewiththeprovisionsofRCW35A33075thebudgetofthecityofMedinsWashingtonfortheyear1995isapprovedonthe12thdayOfDecember1994afterthenoticeofhearingsandafterthepreliminarybudgethasbeenfiledwiththecityclerkasrequiredbylawSection2ThetotalsofestimatedrevenuesandappropritionsforeachseparatefundandtheaggregatetotalsforallsuchfundsCombinedaresetforthinsummaryformasfollowsFUNDREVENUEEXPENDITURECURRENTEXPENSE26460442646044CONTINGENCY445000445000CITYSTREET766900766900BONDREDEMPTION6184061840CAPITALPROJECTS3961239612CAPITALPROJECTSRESERVE150000150000EQUIPMENTRESERVE450004500041543964154396Section3TheCurrentEXpenseFundshallberenamedtheGeneralFUndTheContingencyFundshallberenamedtheContingencyandReservesFundSection4ThefollowingfundisherebyabolishedandallresidualequityistobetransferredtotheGeneralFund1CapitalProjectsFundSection5ThefollowingfundsareherebyabolishedandallresidualequityistobetransferredtotheContingencyandReservesFUnd1CapitalProjectsReserveFund2EquipmentReserveFundSection6TheClerkisdirectedtotransmitacertifiedcopyofthebudgetherebyadoptedbyreferencetotheOfficeoftheAuditoroftheStateofWashingtonDivisionofMunicipalCorporationandtheAssociationofWashingtonCitiesTHISORDINANCESHALLTAKEEFFECTANDBEINFORCEONANDAFTERTHE1stDAyOFJANUARY1995PASSEDbytheCitycouncilonthe12thdaofDecember1994andsignedinauthenticationofsuchpassagethesamedayAttest ByOrdinance2152oftheKingCountyCouncilJuniorTaxingDistrictsarerequiredaxmuallytosubmitthefollowinginformationregardingtheirtaxleviesfortheensuingyearasapartofaformalresolutionoftheBoardofCommissionersTHEKINGCOUNTYASSESSORHASNOTIFIEDTHECOMMISSIONERSOFcyTHATTHEASSESSEDVALUATIONOFPROPERTYLYINGWITHINTHFBOUNDARrISOFSAIDDISTRICTFORTHEYEAR1994IS845972135REGULARSTATUTORYLEVYASAPPLICABLEEXPENSEFUNDRESERVEFUNDCOUPONWARRANTFUNDOTHERSPECIFY1142000EXCESSVOTERAPPROVEDLEVYGOBONDSFUNDLEVYSPECIALLEVIESINDICATEPURPOSEANDDATEOFELECTIONATWHICHAPPROVEDTOTALTAXESREQUESTEDABOVEISATRUEANDCOMPLETELISTINGOFLEVIESFORSAIDDISTRICTFORTHEYEAR1995ANDTHEYAREWITHINTHEMAXIMUMSESTABLISHEDBYLAW