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7c - Mid-Biennium Budget Amendment Ordinance
201s116 Mid -Biennium Budget Adjustment Introduction and iSt Reading Of 2015/16 Mid -Biennium Budget Adjustment Ordinance Regular Council Meeting November 17, 2015 AdeAriwoola, Finance Director Purpose Amend 2015/16 Biennial Budget Conform with RCW 35A.34.130 Adjust revenue estimates Approve budget to fund the required Fund balance Provide appropriation for approved projects, positions, and contracts Background RCW 35A.34-130 - The legislative authority of a city having adopted the provisions of this chapter shall provide by ordinance fora mid - biennial review and modification of the biennial budget. Exhibit B EMMIT B 20152016 Amended Budget 2015 2016 Beginning Beginning Ending Fund Fund FundBalance Revenue Expenditure Fund Balance Revenue Expenditure Balance General Fund $ 12,662,082 $ 41,706,508 $ 42,956,431 $ 11,412,158 $ 42,709,838 $ 45,041,340 $ 9,080,656 Special Revenue Funds: Street 602,023 4,204,863 4,306,886 500,001 3,990:944 3:990:944 501,001 Arterial Street 308,705 1,515,500 1,724,205 100,000 1,515500 1515500 ]00,000 Utility Tax 2,710,594 9,814,966 10,434,946 2,090,614 9,814,966 10,351,547 1,554,033 Solid Waste/Recycling 204,135 474,717 500,101 178,751 476,717 489,980 165,488 Special Contract/Studies 435,062 - 189290 245772 - - 245,772 Hotel/Motel Lodging Tax 400,296 200,300 355:296 245:300 200,300 200,300 245,300 2% for Arts 293 - 293 - 293 Community Center 1,573,469 2,215,254 2,288,724 1,500,000 2,198,500 2,199,112 1,499,388 Traffic Safety Fund 3,500,515 2,123,643 2,708,977 2,915,181 2,169,882 2,169,882 2,915,181 Real Estate Excise Tax 3,550,864 1,900,000 2,723,773 2,727,091 1,900,000 2,725,123 1,901,968 Utility Tax Proposition l 834,603 2,868,824 2,841,965 861,462 2,868,824 2,898,284 832,002 Federal Way Performing Arts Center - 10,000 10,000 - - - CommunityDevelopmentBlockGrant 48,926 1,237,072 1,237,072 48,926 1,237,103 1,237,103 48,926 Paths and Trails 196,664 164,000 360,664 169,000 529,664 Strategic Reserve 3,382,044 - 227,348 3,154,696 - 3,154,696 Debt Service Fund 73,486 1,838,813 1,039,573 872,726 1,721,538 1,721,538 872,726 Capital Project Funds: Downtown Redevelopment 333,060 227,348 537,604 22,804 - - 22,804 Municipal Facilities 199,943 100,000 154,462 145,481 - - 145,481 Parks 4,713,424 300'000 4,898,408 115,016 300,000 300,000 115,016 Surface Water Management 2,511,316 3,123,000 5,085,058 549,258 2,110,000 2,110,400 1481858 Transportation 8,211,839 14,632,655 16,362,867 6'481,627 12,733,000 14,585,000 4,629,627 Capital Project Reserve 480,167 - - 480,167 - - 480,167 Performing Arts and Event Center 8,383,571 1,310,256 9,693,827 (0) - - (0) Enterprise Fund: Surface Water Management 4,491:216 3,867,876 5,340,547 3,018,545 3,930,768 5,597,727 1,351,586 Dumas Bay Centre 181,201 872,910 1,012,071 42,040 751,251 719,827 73,464 Internal Service Funds: Risk Management 1346299 924,443 936716 1,334,026 924,443 924,443 1,334,026 Information Technology 3:939,001 1,973:706 2,430:020 3,482,687 1,980,780 2,490,246 2,973,221 Mail & Duplication 218,850 128,492 16Q001 187:331 121,482 111,369 204,444 Fleet & Equipment 6,463,398 2,199,871 3,155,707 5'507562 2,017,798 1,824,075 5,701,285 Buildings & Furnishings 1,825,372 524,414 398,354 1,951,431 525:840 399,817 2,077,454 Health hxsurance 1,031,753 4,205,220 3,199,999 2,036,974 4,205,220 2,614,999 3,627,195 Unemployment Insurance 1,912,291 224,825 224,825 1,912,291 224,825 224,825 1,912,291 Graud Total All Funds $ 76,726,461 $ 104,889,466 S 127,735,052 $ 54,480,876 S 100,805,519 $ 106,443,381 $ 48,843,074 Proposed Changes In Gen. Fund City Council $26,533 - Mayor's Office $7o,670 $38,149 Economic Dev. ($76,051) $120,952 Comm. Dev. (HS) $53,214 $141,000 HR - $16,013 Law $158y033 $137,3o6 Municipal Court $21,684 $13,000 Police $199,197 $1,887,910 Parks & Rec $8o,000 $245,249 IT $6o,021 $75,371 Transfer Out $17,988 $126,015 TOTAL GENERAL FUND $61149 $2,800,965 Some of The Other Proposed Changes In Other Funds Utility Tax ($1,011,538) ($910,471) Solid Waste & Recycling $930 ($39,600) Federal Way Community Center $83,500 $38629 Traffic Safety $323,436 $1,990,609 Debt Service - ($909,415) SWM Operations $78,079 $119,580 Dumas Bay Centre $71,172 $21,172 Special Studies ($107,440) $50,000 REET $418,464 $820,000 PAEC Operations $17,988 $22,722 Strategic Reserve $142,417 $1277348 Downtown Redevelopment - $127,348 Municipal Facilities $144,877 Exhibit c EXHIBIT C 2015/2016 @ndnienaiel Noendedaudget 2015 2016 Ending Fund Beginning Beginning Fund Fund Balance Revenue Expenditure Fund Balance Revenue Expenditure Balance General Fund $ 12,662,082 $ 42,129,721 $ 43,567,720 $ 11,224,082 $ 45,675,277 $ 47,842,306 $ 9,057,054 Special Revenue Funds: Street 602,023 4,204,863 4,306,886 500,001 3,990:944 3,990:944 100,001 Arterial Street 308:705 1,515,500 1,724,205 100,000 1,515,500 1,515,500 100,000 Utility Tax 2,710,594 8,741,966 9,423,408 2,029,152 8,911,924 9,441,076 1,500,000 Solid Waste/Recycling 204'135 474:717 501,031 177:821 431,117 450,380 158:558 Special Contract/Studies 435,062 - 81,850 353,212 - 50,000 303,212 Hotel/Motel Lodging Tax 400,296 200,300 355,296 245,300 200,300 200:300 245,300 2 % for Arts 293 - 293 - 293 Community Center 1,573,469 2,282,254 2,372,224 1,483'500 2,254,141 2,237,641 1,500,000 Traffic Safety Ford 3,500,515 2,773:643 3,032,413 3,241,7450 2,418,746 4,160,491 1,500,000 Real Estate Excise Tax 3,550,864 3:100,000 3,142,237 3,501,627 2,036,496 3,545,123 2,000,000 Utility Tax Proposition l 834,603 2,555,824 2,841,965 548,462 2,597,824 2,898,284 248,002 Federal Way Perfrming Arts Center - 27,988 27,988 - 22,722 22,722 0 Community Development Block Grant 48,926 1,237'072 1,237,072 48,926 1,237,103 1,237:103 48,926 Paths and Trails 196,664 164,000 - 360,664 169,000 - 529,664 Strategic Re,,- 3,382,044 - 369,765 3,012,279 47,652 127,348 2,932,583 Parks Reserve - 250,000 250,000 500,000 750,000 Debt Service Fund 73,486 2,437,240 1,039,573 1,471,153 1,721,538 812,123 2,380,568 Capital Project Funds: DowntownRedevelopment 333,060 807,348 537,604 602,804 127,348 127,348 602,804 Municipal Facilities 199:943 100:010 299,339 604 - - 604 Parks 4,713,424 555,425 5,223,133 45,716 300:000 300,000 45,716 Surface Water Management 2,511,316 3'192,300 5'485,058 218,558 2,110,000 2,110,400 218,158 Transportation 8,211,839 15,432,889 17,563,439 6,081,289 12,943,000 14,795,000 4,229,289 Capital Project Reserve 480,167 - - 480,167 - - 480,167 Performing Arts and Event Center 8,383,571 1,468,133 2,892,335 6,959,369 9,013,000 11,912,161 (0) Enterprise Fund: Surface Water Management 4,491,216 3,891,607 5,418,626 2,964,197 3,978,328 5,717,307 1,225,218 Dumas Bay Centre 181,201 934,910 1,083,243 32,868 961,251 740,999 253:120 Internal Service Funds: Risk Managcment 1,346,299 964,443 1,355,420 955,322 924,443 1:153:343 826,422 Information Technology 3,939,001 2,054,744 2,405,533 3,588,212 2,056,151 2,711,517 2,932,846 Mail & Duplication 218,850 128:482 160:001 187,331 128,482 111,369 204,444 Fleet & Equipment 6,463,398 2,340,393 2,977,376 5,826,415 2,110,505 2,222:865 5,714:055 Buildings & Furnishings 1,825:372 431:707 398:354 1,858,724 543,133 399,817 2,002,04' Health Insurance 1,031,753 4,400,720 3,698,158 1,734,315 4,216,721 3,698,379 2,242,657 Unemployment Insurance 1,912,291 224,825 224,825 1,912,291 224,825 1,224,825 912,291 Grand Total All Funds $ 76,726,461 $ 109,023,014 $ 123,746,076 $ 62,003,400 $ 113,357,470 $ 129,716,879 $ 45,643,992 council Action Consider is' Reading of 2015/2oi6 Mid -Biennial Budget Amendment Ordinance. Questions? • CFederal ITY OF �1 O Inlay �