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ORD 22-941 - Adopting 2023-24 Biennial BudgetORDINANCE NO. 22-941 AN ORDINANCE of the City of Federal Way, Washington, relating to budget and finance, adopting the 2023-2024 Biennial Budget. WHEREAS, the tax estimates and budget for the City of Federal Way, Washington, for the 2023-2024 fiscal biennium have been prepared and filed on September 15, 2022 as provided by Titles 35A.34 and 84.55 of the Revised Code of Washington; and WHEREAS, the budget was printed for distribution and notice published in the official paper of the City of Federal Way setting the time and place for hearing on the budget and said notice stating copies of the budget can be obtained on-line and at the Office of the City Clerk; and WHEREAS, the City Council of the City of Federal Way held public hearings on September 20, 26, 29, October 4, 18, and November 1, 2022, and having considered the public comments presented; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1.2023-2024 Biennial Bridget: That the budget for the 2023-2024 biennium is hereby adopted in the amounts and for the purposes as shown on the attached Exhibit A (" 2023-2024 Proposed Budget") Section 2. Administration: The Mayor shall administer the Biennial Budget and in doing so may authorize adjustments to the extent that they are consistent with the budget approved herein. Section 3. Seyerabili(y. Should any section, subsection, paragraph, sentence, clause, or phrase of this ordinance, or its application to any person or situation, be declared unconstitutional or invalid for any reason, such decision shall not affect the validity of the remaining portions of this ordinance Ordinance No. 22-9 'l1 Page 1 of 4 or its application to any other person or situation. The City Council of the City of Federal Way hereby declares that it would have adopted this ordinance and each section, subsection, sentence, clauses, phrase, or portion thereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses, phrases, or portions be declared invalid or unconstitutional. Section 4. Corrections. The City Clerk and the codifiers of this ordinance are authorized to make necessary corrections to this ordinance including, but not limited to, the correction of scrivener/clerical errors, references, ordinance numbering, section/subsection numbers and any references thereto. Section 5. Ratification. Any act consistent with the authority and prior to the effective date of • this ordinance is hereby ratified and affirmed. Section 6. Effective Date. This ordinance shall be effective January 1, 2023. PASSED by the City Council of the City of Federal Way this 15th day of November, 2022. [signatures to follow] Ordinance No. 22-941 Page 2 of 4 CITY OF FEDERAL WAY: t 610!� FE LL, MAYOR ATTEST: tz&u" S E HAINIE COURTNEY, ((MY, CITY CLERK APPROVED AS TO FORM: � f, ik J. RYAN CALL, CITY ATTORNEY FILED WITH THE CITY CLERK: 11/03/2022 PASSED BY THE CITY COUNCIL: 11/15/2022 PUBLISHED: 11/18/2022 EFFECTIVE DATE: 01/01/2023 ORDINANCE NO.: 22-941 Ordinance No. 22-941 Page 3 of 4 EXHIBIT A 2023-2024 Proposed Budget 2023 2024 Beginning Fund Beginning Fund Ending Fund Fund Balance Revenue Expenditure Balance Revenue Expenditure Balance General Fund $ 12,415,532 $ 56,854,231 $ 60,077,654 S 9,192,109 $ 61,108,379 $ 61,300,485 S 9,000,003 Special Revenue Funds: Street 210,983 5,715,475 5,426,458 500,000 5,595,163 5,595,163 500,000 Arterial Street 100,001 1,563,000 1,563,000 100,001 1,563,000 1,563,000 100,001 Utility Tax 4,579,047 11,830,565 11,619,868 4,789,743 11,782,564 15,072,308 1,500,000 Sales/Use Tax- Affrd. & Supprt. Housing 140,702 125,000 125,000 140,702 125,000 125,000 140,702 Solid Waste/Recycling 311,052 722,200 641,647 391,604 722,200 654,343 459,462 Special Contract/Studies 462,890 - 462,890 - 462,890 Hotel/Motet Lodgin g Tax 1,720,995 293,000 65,000 1,948,995 308,000 65,000 2,191,995 Community Center 980,517 2,799,376 2279,893 1,500,000 2,306,857 2,306,857 1,500,000 Traffic Safety Fund 3,109,153 3,000,000 3,846,735 2,262,419 3,060,000 4,122,419 1,200,000 Utility Tax Proposition 1,612,395 3,859,478 4,471,873 1,000,000 4,603,704 4,603,704 1,000,000 Performing Arts & Event Center 541,702 2,387,767 2,483,359 446,111 2,259,757 2,483,359 222,509 Soild Waste 10% Utility Tax 152,012 2,200,000 2,200,000 152,012 2,300,000 2,300,000 152,012 Community Development Block Grant 28,268 886,193 886,193 28,269 789,717 789,717 28,268 Paths and Trails 1,895,150 170,600 100,000 1,965,750 172,216 600,000 1,537,966 Technology 235,810 149,250 385,060 149,250 534,310 Jail Service 164,252 2,335,748 2,500,000 (0) 2,700,000 2,700,000 (0) Strategic Reserve 3,000,001 _ 3,000,001 - - 3,000,001 Parks Reserve 1,120,891 5,000 - 1,125,891 5,000 1;130,891 Debt Service Fund 3,118,184 2,446,368 2,446,368 3,118,184 2,446,459 2,446,459 3,118,184 Capital Project Funds: Real Estate Excise Tax 4,110,900 5,521,000 7,055,343 2,576,557 5,576,000 5,788,245 2,364,312 Downtown Redevelopment 3,496,123 205,000 3,291,123 - 150,000 3,141,123 Municipal Facilities 175,185 - 175,185 - 175,185 Parks 1,497,896 367,000 367,000 1,497,896 767,000 767,000 1,497,896 Surface Water Management 1,744,296 2,044,312 3,359,608 429,000 1,556,230 1,805,213 179,957 Transportation 1,125,725 19,26%000 19,912,000 482,725 50,927,649 49,507,000 1,903,373 Capital Project Reserve 369,963 - - 369,963 - - 369,963 Enterprise Fund: Surface Water Management 2,897,393 6,226,871 6,450,608 2,673,656 6,228,298 8,104,300 797,654 Dumas Bay Centre 1,132,849 1,155,846 764,097 1,524,599 792,696 773,784 1,543,510 Internal Service Funds: Risk Management 1,158,255 2,307,763 2,657,763 808;255 2,120,877 2,329,131 600,001 Information Technology 3,734,945 3,243,845 3,646,229 3,332,561 3,288,845 3,393,541 3,227,865 Mail & Duplication 255,919 135,947 154,901 236,965 135,947 161,901 211,011 Fleet & Equipment 7,621,866 2,425,039 3,336,067 6,710,838 2,399,475 1,711,734 7,398,580 Buildings & Furnishings 2,161,252 728,099 789,772 2,099,579 603,099 664,772 2,037,906 Health Insurance 31579,885 4,956,000 5256,726 3,279,159 4,956,000 5,256,726 2,978,433 Unemployment Insurance 245,846 - 70,000 175,846 - 70,000 105,846 Grand Total All Funds S 71,207,836 S 145,723,974 S 154,758,165 S 62,173,646 S 181, 49„382 S 187,211,223 S 56,311,805 Ordinance No. 22-941 Page 4 of 4