HomeMy WebLinkAbout3325 Adopting the Budget for the City of Port Townsend, Washington, for the Fiscal Year Ending December 31, 2024Ordinance 3325
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ORDINANCE NO. 3325
AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY OF PORT
TOWNSEND, WASHINGTON, FOR THE FISCAL YEAR
ENDING DECEMBER 31, 2024
WHEREAS, the City Manager of the City of Port Townsend, Washington, completed
and placed on file with the City Clerk a proposed budget and estimate of the amount of monies
required to meet the public expenses, bond retirement and interest, reserve funds and expenses of
government of the City for the fiscal year ending December 31, 2024 (the "2024 Preliminary
Budget"), and a notice was published that the City Council would conduct a public hearing on
the 20'h of November 2023 at 6:00 p.m., at City Hall for the purpose of receiving public
testimony regarding the preliminary budget for the 2024 fiscal year; and
WHEREAS, the City Council held a public hearing on November 20, 2023 at which all
taxpayers were heard who appeared for or against any part of the preliminary budget; and
WHEREAS, following the public hearing, the City Council met in City Council
Chambers on December 4, 2023 to consider the 2024 Final Budget and receive further public
comment, and made adoptions and changes, as it deemed necessary and proper; and
WHEREAS, the 2024 Budget does not exceed the lawful limit of taxation allowed by
law to be levied on the property within the City of Port Townsend for the purposes set forth in
the 2024 Final Budget, and the estimated expenditures in each fund set forth in the 2024 Final
Budget are all necessary to carry on the government of the City for fiscal year 2024, and are all
necessary to meet the various needs of the City during the period;
NOW, THEREFORE, the City Council of the City of Port Townsend, Washington, do
ordain as follows:
Section 1. The budget for the City of Port Townsend, Washington, for the fiscal year
2024, is hereby adopted at the fund level as set forth in the document entitled "City of Port
Townsend Final Budget 2024," a copy of which has been and now is on file with the office of
the City Clerk, and by this reference is incorporated into this Ordinance.
Section 2. Estimated revenues, including fund balances for working capital for each
separate fund of the City of Port Townsend, and aggregate totals for all such funds combined, for
the year 2024, are set forth in summary form in Exhibit A attached, and by this reference are
incorporated in this Ordinance, and are appropriated for expenditure at the fund level during the
2024 budget year.
Section 3. The City Clerk is directed to transmit a certified copy of the City of Port
Townsend Final Budget 2024 to the Office of State Auditor and to the Association of
Washington Cities.
Ordinance 3325
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Section 4. This Ordinance shall take effect upon its passage, approval, and publication
in the form and manner provided by law.
ADOPTED by the City Council of the City of Port Townsend, Washington, at a regular
meeting thereof, held this 4t' day of December 2023.
David J. Faber
Mayor
Attest:
Alyssa R90f
_ gues
'Ap" �
City (Wrk
Approved as to Form:
City Attorney
C 40 ort
CITY OF PORT TOWNSEND
2024 BUDGET
FUND
SUMMARY
Townsen
2023 Est.
2024 est.
2024 Projected
Ending
Revenue
Expense
Rev vs. Exp
Rev vs. Exp
Ending
Fund Balance
Budget*
Budget*
Y E Target
Budget
F.,u....n....... Bal..a.,_nce
GENERAL FUND
4,532,382
15,429,015
15,915,177
(486,162)
(486,162)
4,046,220
Drug Enforc. / Contingency
263,274
45,000
0
45,000
45,000
308,274
ARPA Grant
866,265
0
860,807
(860o807)
5,458
Street
406,696
1,585,003
1,584,880
123
123
406,819
Ubrary
554,468
1,246,505
1,246,433
72
72
554,539
Real Estate Excise Tax
1,109,892
695,000
704,700
(9,700)
(5,700)
1,100,192
t.od&g Tax
943,783
535,000
530,117
4,883
4,883
948,666
Fire / EMS
7,361
0
0
0
0
7,361
Affordable Housing
67,233
95,000
92,896
2,104
2,104
69,337
Community Development Block Grant
157,978
20,000
20,000
0
0
157,978
Community Services Parks
1,386,208
1,383,129
0
0
Community Services
Y
762,890
.�
0
.
y�
(t�,IN
0
53
,,,,,,,,,,,,m
771,244
TOTAL SPECIAL REV FUNDS
5,139,841
5,607,716
6,422,962
42,482
(809,972)
4,329,869
DEBT SERVICE FUND
637,798
1,127,896
1,068,180
59,716
59,716
697,514
General Capital
511,423
392,307
713,658
(321,35.1.)
(321., SI.)
190,072
.Skrr!et Capital
1,046,380
...46,
4,412,039
5,445,488(1,033,445)
(1,033,449)
12,931
CAPITAL PROJECTS FUNDS
1,557,804
4,804,346
6,159,146
(1.,354,800)
(1,354,800)
203,004
Golf Course
1,883
21,000
21,000
0
0
1,883
System Development
2,671,469
785,000
605,906
179,094
179,094
2,850,563
Water / Sewer Operations
3,105,920
9,361,129
11,303,486
(:1,942,351)
(1,94),3 a7)
1,163,563
Water / Sewer Capital
651,478
8,781,544
8,996,908
(2:115,364)
(21.5,354)
436,114
Olympic Gravity Water System (OGWS)
4,911,302
5,235,282
2,065,745
3,169,537
3,169,537
8,080,839
Storm Operations
770,410
1,211,324
1,765,901
(554,15/7)
Q554,57 7)
215,833
Storm Capital
12,240
598,655
608,665
(1.01 010)
(Loo 1111 0
2,230
ENTERPRISE FUNDS
12,124,702
25,993,934
25,367,611
626,323
626,323
12,751,026
Public Works Admin
235,444
867,845
867,554
291
291
235,735
IT Equipment O&M / Replacement
204,206
488,917
454,035
34,882
34,882
239,088
Fleet Equipment O&M / Replacement
2,525,497
1,479,905
2,051,058
(571,153
(571,1.53)
1,954,344
Facilities Equipment O&M / Replacement
1,302,805
1,297,531
5,274
5,274
5,274
Engineering Services
20,049
1,879,091
1,195,864
683,227
683,227
703,275
Unemployment Self -Insurance
29,201
25,000
25,000
0
0
29,201
INTERNAL SERVICE FUNDS
3,014,397
6,043,563
5,891,042
152,521
152,521
3,166,918
Nremen's Pension
329,523
27,500
26,3G0
1,140
1,140
330,663
Custodial / Refundable Deposits
29,433
0
0
0
0
29,433
Memorial Fund
0
0
0
0
0
0
FIDUCIARY FUNDS
358,956
27,500
26,360
1,140
1,140
360,096
IGRAND TOTAL
27