HomeMy WebLinkAbout2117 Supplemental Budget AppropriationsORDINANCE NO. 2117
AN ORDINANCE APPROPRIATING THE SUM OF
$2,790 TO THE CURRENT EXPENSE FUND,
$4,247 TO THE HOTEL-MOTEL TRANSIENT
TAX FUND, $97,943 TO THE LIMITED TAX
GENERAL OBLIGATION BOND REDEMPTION
FUND, $621,365 TO THE FIRE EQUIPMENT
CONSTRUCTION FUND, $40,000 TO THE
WATER-SEWER FUND, MAKING FINDINGS,
AND DECLARING AN EMERGENCY
THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND, UPON REVIEW OF THE 1988
BUDGET FOR THE CITY, MAKES THE FOLLOWING FINDINGS OF FACT:
A. On September 15, 1987, the voters approved a proposition to increase
the city s regular property tax levy in excess of the 106% levy limi-
tation beginning in 1988.
B. On February 2, 1988 the council awarded the bid for the purchase
of two fire trucks,
C.On June 7, 1988, the council approved Ordinance No. 2116 establishing
the Fire Equipment Construction Fund and the Limited Tax General
Obligation Bond Redemption Fund.
D. On June 7, 1988, the council approved the purchase of a heat pump
to service the conference center at the Spring Valley Golf Course
clubhouse.
E. On June 21, 1988, the council awarded the bid for construction of a
new Water Department Shop.
F. On June 23, 1988, the city received proceeds for the sale of Limited
Tax General Obligation Bonds.
G. On July 5, 1988, the council awarded the bid for equipment to furnish
the new fire trucks.
H. On July 19, 1988, the council accepted a grant from the Department of
Ecology for the purchase of additional trash cans.
I. The foregoing emergencies were not reasonably foreseeable at the time
of filing of the city s preliminary budget and require expenditure of
money not provided for in the annual budget for 1988.
THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND, IN REGULAR SESSION ASSEM-
BLED, DOES ORDAIN AS FOLLOWS:
Section 1) The sum of TWO THOUSAND SEVEN HUNDRED AND NINTY DOLLARS ($2,7907
is here and hereby appropriated as a supplement to the 1988 budget for
the City of Port Townsend in the Current Expense Fund to pay for the
purchase and installation of additional trash cans as detailed in
Exhibit "A" attached hereto as though fully setforth herein to be fi-
nanced by State Grant and increases in garbage collection fees.
Ordinance No. 2117 Page 2
Section 2) The Sum of FOUR THOUSAND TWO HUNDRED AND FORTY SEVEN DOLLARS
($4,247) in here and hereby appropriated as a supplement to the 1988
budget for the City of Port Townsend in the Hotel-Motel Transient Tax
Fund to purchase a heat pump for the conference center at the Spring
Valley Golf Course clubhouse from unappropriated ending fund balance.
Section 3) The sum of NINTY SEVEN THOUSAND NINE HUNDRED FORTY THREE
DOLLARS ($97,943) is here and hereby appropriated as a supplement to
the 1988 budget for the City of Port Townsend in the Limited Tax
General Obligation Bond Redemption Fund to redeem bonds and pay interest
on bonds from property tax collections.
Section 4) The sum fo SIX HUNDRED TWENTY ONE THOUSAND THREE HUNDRED AND
SIXTY-FIVE DOLLARS ($621,365) is here and hereby appropriated as a
supplement to the 1988 budget for the City of Port Townsend in the
Fire Equipment Construction Fund to purchase two fully equiped fire-
trucks and pay the cost of issuing the bonds as detailed in Exhibit
"A" attached hereto as though fully setforth herein to be financed
by Proceeds from the sale of bonds and interest income.
Section 5) The sum of FORTY THOUSAND DOLLARS ($40,000) is here and
hereby appropriated as a supplement to the 1988 budget for the City
of Port Townsend in the Water-Sewer Fund to finance the construction
of a new Water Department Shop by reducing unappropriated ending fund
balance.
Section 6) There is here and hereby found and declared to be an emer-
gency requiring the aforegoing appropriations to the 1988 budget for
the City of Port Townsend.
Section 7) This ordinance shall take effect upon its passage, approval,
and publication in the form and manner provided by law.
Read for the first time August 2, 1988. Read for the second and third
times, passed by the council and approved by the Mayor on August 16, 1988.
Attest:
City Clerk
C i~t'y Att6rney
EXHIBIT "A"
Ordinance No. 2117
FIRE EQUIPMENT CONSTRUTION FUND
Resonrces
165.391.100.00
165.361.110.00
Proceeds from the Sale
Investment Interest
of Bonds
Total
Expenditures
165.00.522.200.41.400
165.00.522.200.42.421
165.00.522.200.44.460
165.00.522.200.49.457
165.00.522.200.49.459
165.00.522.200.71.702
165.00.522.200.64.629
165.00.522.200.64.675
165.00.522.200.64.676
165.00.522.200.64.677
Bond Counsel
Postage
Advertising
Printing and Binding
Bond Registration
Interest on Interfund
Firehose
Self Contained
Fire Trucks
Fire Supression
Loan
Breathing Apparatus
Equipment
Total
LIMITED TAS GENERAL OBLIGATION BOND REDEMPTION FUND
Resources
160.311.100.00
160.361.110.00
Property Taxes
Investment Interest
Expenditures
160.00.591.000.71.701
160.00.591.000.71.702
Total
Bond Principal
Bond Interest
160.00.272.000.71.703
Subtotal
Ending Fund
Total
Balance
WATER-SEWER FUND
Resources
411.14.272.000.70.703 Ending Fund Balance
Expenditures
411.15.501.341.65.604 Buildings
HOTEL-MOTEL TRANSIENT TAX FUND
Resources
150.00.272.000.70.703 Ending Fund Balance
Expenditures
150.00.573.800.65.670 Conference Center
CURRENT EXPENSE
Resources
010.334.019.00
010.343.700.00
State Grant
Garbage Collection
Total
Fee
$620,865
5OO
$621,365
$3,000
150
865
1,000
150
3,800
14,000
13,000
559,000
26~400
$621,365
$92,943
5~000
$97,943
$70,000
19~943
$89,943
8~000
97,943
($40,000)
$40,000
($ 4,247)
$4,247
1,395
1,395
2,790
EXHIBIT "A" Ordinance No. 2117
CURRENT EXPENSE FUND
Expenditures
010.31.531.900.11.101 Salaries and Wages
010.31.531.900.21.201 Benefits
010.31.531.900.41.411 Administrative Services
010.31.531.900.43.425 Travel
010.31.537.601.64.705 Trash Cans
Total
Page 2
$ 74
14
128
100
2~474
2,790