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12-01-2020 2019/2020 BudgetCity of Federal Way 2019/2020 Biennial Budget Amendment Ordinance Presented by: Adé Ariwoola, Finance Director December 1, 2020 BUDGET AMENDMENT 2 •Guidelines to the Budget Amendment •What are the major changes in the budget? •Second COVID-19 Grant from the State o $1,467,600 GENERAL FUND (001) 3 Revenues: State COVID-19 Grant 1,467,600$ Total Revenues 1,467,600$ Appropriation: Public work 360,000 IT Equipment 137,100 FW Schools 100,000 Finance budget Software 362,000 Business grants 508,500 1,467,600$ GENERAL FUND - Fund 001 Total Appropriation CONCLUSION 4 o The budget amendment is to appropriate second COVID-19 grant only. o Consider First and Second Reading Questions? Thank You! 5