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Ord 93-165 ORDINANCE NO. 93-165 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, RELATING TO BUDGETS AND FINANCE, REVISING THE 1992 BUDGET (AMENDS ORDINANCE 91-115). WHEREAS, certain revisions to the 1992 budget are necessary; and WHEREAS, adjustments to the 1992 budget include amendment of the Arterial Street Fund expenditure, based upon the City having assumed financial control of the Southwest 356th Street Project (construction and inspection phases); and WHEREAS, the impacUmitigation fund requires amendment based upon the City's receipt of mitigation monies from various sources in late 1992; and WHEREAS, the Risk Management Fund requires amendment to support the payment of unemployment benefits which were not budgeted in 1992; and WHEREAS, the creation of the Solid Waste Fund is required to separately account for solid waste/recycling operations; and WHEREAS, the increase in the debt service account is the result of the City issuing COPs to acquire the Financial Center Property ("City Hall"); and WHEREAS, the amendment to the DP/Te1ecommunicationiGIS Fund is to correct the figure included within the 1992 budget; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: Section 1. Ordinance 91-115, Section 2, is amended to adopt the revised budget for the year 1992 in the amounts and for the following purposes: Section 2. 1992 BudL':et. That the budget for the year 1992 is hereby adopted in the amount and for the following purposes: COpy GENERAL FUND SPECIAL REVENUE FUNDS street Arterial street 1st l/4% RE Excise Tax 2nd 1/4% RE Excise Tax Grants-Misc. Government Grants-Community Development Block Grant Paths and Trails Surface Water Mgmt. Impact/Mitiqation Solid Waste/Recycle DEBT SERVICE FUND Councilmanic Debt Service TOTAL GOVERNMENTAL FUNDS INTERNAL SERVICE FUNDS Risk Management Data processing/ Telecommunications Support Services Fleet and Equipment Rental Buildings and Furnishings TOTAL INTERNAL SERVICE FUNDS TOTAL GROSS BUDGET 1992 BUDGET EXPENDITURES REVENUES & Other Uses Other Sources (3) $19,027,550 $ 4,588,132 $ 1,564,822 $ 3.632.048 $ 729,749 $ 729,749 $ 747,20l $ 305,000 $ 16,102 $ 2,415,000 $ 228.354 $ ~ $ 2,199,769 $ 2.137.360 $19,027,550 $ 4,588,132 $ 1,56(,822 $ 4.538.733 $ 729,749 $ 729,749 $ 747,201 $ 305,000 $ $ 16,102 $ 3,665,666 $ 548.335 S 113.159 $ 3,834,292 $ 3.581.645 $32,22(,974(4) $35,298,173 $34.556.245(4) $38.581.021 $ 139,834 $ 169.557 $ 1,999,258 $ 1.325.474 $ 223,224 $ 99,723 $ 435,400 $ 1,898,439 $ 2.253.378 $3(,122,513 $36.809.623 -2- $ 320,283 $ l,507,489 $ $ $ 223,224 214,916 487,750 $ 2,753,662 $37,961,835 $41. 334.683 section 2. Ratification. Any act consistent with the authority and prior to the effective date of this ordinance is hereby ratified and affirmed. Section 3. Severability. The provisions of this ordinance are declared separate and severable. The invalidity of any clause, sentence, paragraph, subdivision, section, or portion of this ordinance or the invalidity of the application thereof to any person or circumstance, shall not affect the validity of the remainder of the ordinance, or the validity of its application to other persons or circumstances. section 4. Effective Date. This ordinance shall be effective thirty (30) days after passage, as provided by law. PASSED by the City Council of the City of Federal Way this 16th day of February , 1993. CITY OF FEDERAL WAY ~~~~ MAYOR, ROBERT rEAD / LAKE FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: February 19, 1993 EFFECTIVE DATE: March 18, 1993 ORDINANCE NO. 93-165 January 27, 1993 February 16, 1993 la\kathleer\ordin\budgamd.92 -3-