HomeMy WebLinkAbout2191 Supplemental Budget AppropriationsOP. DIN~C~ NO. 2191
AN ORDINANCE APPROPRIATING TH~ SON OF $609 · 500
TO THE LIBRARY R~NOVATION AND ADDITION FUND,
$12~000 ~O ~ PARK FUND, $481~540 TO THE
HOTEL//4DTEL TRANSIENT TAX FUND, AND $47,500 TO
THE CAPITAL IMPROVEMENT FUND, MAKING FINDINGS
AND DECLARING AN EMERGENCY
THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND, UPON REVIEW OF THE
1990 BUDGET FOR THE CITY, MAKES THE FOLLOWING FINDINGS OF FACT:
A) Delays in cash flow from grants and general obligation bonds to
support the renovation and addition to the Port Townsend Public
Library required interfund loans in order to pay the contractor
which were approved by ordinances 2185 and 2190.
B) On May 1, 1990, the City Council directed that $7,000 be
appropriated for landscaping of the Jackson Bequest as proposed by
the Arts Commission.
C) Additional part time summer help is needed in the Parks
Department. On April 3, 1990, the City Council authorized
supplemental pay for under certain circumstances for employees.
D) On May 25, 1990, the City Council passed Resolution 90-47A
authorizing interim financing of the construction of the Fort
Worden Balloon Hanger Pavilion in order to pay the contractor which
was authorized as an interfund loan by ordinance no. 2190 until
such time as the final loan from Farm Home Administration is
issued.
E) On May 1, 1990, the City Council authorized the purchase of two
lots near Bishop Park to be financed from donations and taxes in
the Capital Improvement Fund.
F) On May 15, 1990, the City Council authorized the purchase of the
triangle lot at the corner of Kearney and Washington Streets.
G) The foregoing emergencies were not reasonably foreseeable at the
time of filing of the city's preliminary budget and requires
expenditure of money not provided for in the annual budget for
1990.
THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND, IN REGULAR SESSION
ASSEMBLED, DOES ORDAIN AS FOLLOWS:
Section i/ The sum of SIX HUNDRED AND NINE THOUSAND FIVE HUNDRED
DOLLARS ($609,500.00) is here and hereby appropriated as a
supplement to the 1990 budget for the City of Port Townsend in the
Library Renovation and Addition Fund for repayment of interfund
loans and interest from grant and bond proceeds as well as
investment income as set forth in Exhibit "A" attached hereto as
though fully set forth herein.
S~ction 2) The sum of TWELVE THOUSAND DOLLARS ($12,000.00) is here
and hereby appropriated as a supplement to the 1990 budget for the
City of Port Townsend in the Park Pund for landscaping in the
Jackson Bequest and additional salaries and wages for Parks
Department Employees from unappropriated beginning cash as set
forth in Exhibit "A" attached hereto as though fully set forth
herein.
Section 3) The sum of FOUR HUNDRED EIGHTY ONE THOUSAND FIVE
HUNDRED AND FORTY DOLLARS ($481,540.00) is here and hereby
appropriated as a supplement to the 1990 budget for the City of
Port Townsend in the Hotel/Motel Transient Tax Fund for interim
financing on construction of the Fort Worden Balloon Hanger
Pavilion as set forth in Exhibit "A" attached hereto as though
fully set forth herein.
Section 4% The sum of FORTY SEVEN THOUSAND FIVE HUNDRED DOLLARS
($47,500.00) is here and hereby appropriated as a supplement to the
1990 budget for the City of Port Townsend in the Capital
Improvement Fund for land purchases to be financed from donations,
real estate excise tax, and unappropriated beginning cash as set
forth in Exhibit "A" attached hereto as though fully set forth
herein.
section 5) There is here and hereby found and declared to be an
emergency requiring the foregoing appropriations to the 1990 budget
for the City of Port Townsend.
Section 6) This ordinance shall take effect upon its passage,
approval, and publication in the form and manner provided by law.
READ for the first time on June 5, 1990. Read for the second and
third time, passed by the council and approved by the Mayor on June
19, 1990.
Attest:
City Clerk
Appr~ed as to,~form:
City Attorne~
ORDINANCE NO. 2191
EXHIBIT
125 Library Renovation and Addition Fund
125.381.100.00 Interfund Loan Received
125.361.110.00 Investment Interest
TOTAL RESOURCES
125.00.581.200.70.701 Loan Principal
125.00.581.200.70.702 Loan Interest
TOTAL DISBURSEMENTS
130 park Fund
130.272.000.00
130.13.576.680.11.101
130.13.576.680.65.639
Beginning Fund Balance
TOTAL RESOURCES
Salaries and Wages
Construction Projects
TOTAL DISBURSEMENTS
150 Hotel/Motel Transient Tax Fund
150.381.100.00
150.382.800.00
150.272.000.00
$600,000.00
9.500.00
$609,500.00
$600,000.00
9,500.00
$609,500.00
$12,000.00
$12,000.00
$ 5,000.00
7,000.00
$12,000.00
Interfund Loan Received $227,000.00
Intergovernmental loan Proceeds250,000.00
Beginning Fund Balance 4,540.00
TOTAL RESOURCES
150.00.573.200.65.679 Balloon Hanger Renovation
150.00.581.200.70.701 Loan Principal
150.00.581.200.70.702 Loan Interest
TOTAL DISBURSEMENTS
180 Capital Improvement Fund
180.367.100.00
180.318.300.00
180.272.000.00
180.00.572.500.61.602
$481,540.00
$250,000.00
227,000.00
4,540.00
$481,540.00
Donations from Private Sources $ 2,500.00
Real Estate Excise Tax 30,000.00
Beginning Fund Balance 15,000.00
TOTAL RESOURCES
$47,500.00
Land Purchase
TOTAL DISBURSEMENTS
$47,500.00
$47,500.00