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HomeMy WebLinkAboutOrdinance No. 0877CITY OF MEDINA ORDINANCE NO 877 AN ORDINANCE OF THE CITY OF MEDINA AMENDING ORDINANCE NO.868 2011 BUDGET AMENDMENT C WHEREAS, the Medina City Council enacted Ordinance 868 on December 13, 2010 approving the budget for 2011; and WHEREAS, the Medina City Council enacted Ordinance 871 on February 15, 2011 amending the budget for 2011; and Ordinance 872 on May 9, 2011 amending the budget for 2011; WHEREAS, it is necessary to increase Capital Expenditures related to the N.E. 12th Capital Project; increase Street Revenue and Street Expense related to the SR 520 WA State DOT Project; and Amend the Transfers from the Reserve Fund into the General Fund; 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 868 is hereby amended as summarized below: FUND BUDGET DESCRIPTION REVENUE (2011 All Funds): $ 5,717,418 Amended Revenue Total 5/9/11: $ 6,080,998 EXPENDITURES (2011 All Funds): $ 7,435,595 Amended Expense Total 5/9/11: $ 7,716,198 TRANSFERS (2011 All Funds): $ 645,000 BUDGET AMEND C: 11/14/2011 Street Fund: Revenue: 101.334.03.61.00 $ 19,503 Expense: 101.542.30.41.01 $ 19,503 Capital Fund: Expense: 307.595.30.63.01 $ 30,533 General Fund: Transfers In: ($ 200,000) Reserve Fund: Transfers Out ($ 200,000) Amended Revenue Total 11/14/11: $ 6,100,501 Amended Expense Total 11/14/11: $ 7,766,234 Amended Transfer Total 11/14/11: $ 445,000 2011 Adopted Budget Ord. 868 12/13/10 Adopted Budget as of 5/9/2011 2011 Adopted Budget Ord. 868 12/13/10 Adopted Budget as of 5/9/2011 2011 Adopted Budget Ord. 868 12/13/10 WA DOT SR520 Revenue GCA 6496 WA DOT SR 520 Expense GCA 6496 NE 121h Capital Road Construction Project Remove Transfer from Reserve to General Remove Transfer from Reserve to General Adopted 2011 Budget as of 11 /14/2011 Adopted 2011 Budget as of 11 /14/2011 Adopted 2011 Budget as of 11 /14/2011 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, 2011, AND SIGNED IN AUTHENTICATION OF ITS PASSAGE THE 14TH DAY OF NOVEMBER 2011. �A-p-p-� d as to form: 0 J Bruce Disend, City Attorney Passed: 11 /14/2011 Published: Effective Date: Bret Jordan, Mayor Attest? Ra hel Baker, City Clerk SUMMARY OF ORDINANCE NO. 877 of the City of Medina, Washington On November 14, 2011 the City Council of the City of Medina, Washington, adopted Ordinance No. , the main points of which are summarized by its title as follows: AN ORDINANCE OF THE CITY OF MEDINA AMENDING ORDINANCE NO. 868, 2011 BUDGET AMENDMENT C 2011. The full text of this ordinance will be mailed upon request. APPROVED by the City Council at their meeting of November 14, -r Ra' hel Baker, City Clerk