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HomeMy WebLinkAboutOrdinances - 2011-14 - Adopting the final budget of the City for the fiscal year commencing January 1, 2012. - 12/13/2011CITY OF EAST WENATCHEE,WASHINGTON ORDINANCE NO.2011-14 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF EAST WENATCHEE,WASHINGTON,ADOPTING THE FINAL BUDGET OF THE CITY FOR THE FISCAL YEAR COMMENCING JANUARY 1,2012 1.Recitals a.Preamble.The City of East Wenatchee ("City")is a non-charter code city duly incorporated and operating under the laws of the State of Washington;and b.Conditions Precedent.Previously,the City Council of East Wenatchee ("City Council"): i.prepared and filed its preliminary budget for the year 2012; ii.gave notice of the time and place of hearing thereon according to law; iii.met in accordance with said notice;and iv.considered the proposed budget. c.Authority. i.RCW 35A.11.020 authorizes the City Council to regulate local affairs and provide municipal services. THE CITY COUNCIL OF THE CITY OF EAST WENATCHEE DO ORDAIN AS FOLLOWS: Section 1: Section 2: Purpose.Adopt a City budget for the year 2012. Adoption of 2012 Budget.In accordance with RCW 35A.33.075,the City Council adopts,by reference,the final budget for the year 2012 for the City of East Wenatchee,Washington. Page 1 of5 Section 3:Recognition of Estimated Beginning Fund Balances and Estimated Revenues: The 2012 Budget recognizes estimates for its beginning fund balances and estimated revenues for 2012 from the following fund sources: Estimated 2012 Estimated Fund Beginning 2012 Fund Balance Revenue Current Expense Fund 1,305,039 7,170,055 Street Fund 37,014 712,000 Community Developments Grant Fund 27,752 201,478 Library Fund 5,023 3,000 Hotel/Motel Tax Fund 16,878 47,000 Drug Fund 5,068 1,000 Criminal Justice Fund 6,979 27,250 Events Fund 6,527 180,850 Bond Redemption Fund 9,746 192,639 Street Improvements Fund 45,535 2,479,708 Capital Improvements fund 884,340 200,000 Equipment Repair &Replacement Fund 7,331 0.00 Total 2,357,232 11,214,980 Section 4:Funds Appropriated.The 2012 Budget is appropriated by fund as follows: Current Expense Fund Street Fund Community Developments Grant Fund Library Fund Hotel/Motel Tax Fund Drug Fund Criminal Justice Fund Events Fund Bond Redemption Fund Street Improvements Fund Capital Improvements fund Equipment Repair &Replacement Fund Total 2012 Appropriation 8,475,094 749,014 229,230 8,023 63,878 6,068 34,229 187,377 202,385 2,525,243 1,084,340 7,331 13,572,212 Page 2 of5 Section 5:2012 Financial Budget Summarized Cash Flow by Fund and Combined: The following is a summary cash flow schedule for 2012 with estimated revenue by fund and in total,and budgeted expenditures by fund and in total. Estimated Estimated Fund Fund Balance Estimated Budgeted Balance 31-Dec- Fund 1-Jan-2012 Revenues Expenditures 2012 Current Expense Fund 1,305,039 7,170,055 7,082,673 1,392,421 Street Fund 37,014 712,000 728,100 20,914 Community Developments Grant Fund 27,752 201,478 201,038 28,192 Library Fund 5,023 3,000 3,500 4,523 Hotel/Motel Tax Fund 16,878 47,000 47,000 16,878 Drug Fund 5,068 1,000 1,000 5,068 Criminal Justice Fund 6,979 27,250 32,000 2,229 Events Fund 6,527 180,850 178,300 9,077 Bond Redemption Fund 9,746 192,639 198,413 3,972 Street Improvements Fund 45,535 2,479,478 2,464,589 60,654 Capital Improvements fund 884,340 200,000 404,979 679,361 Equipment Repair &Replacement Fund 7,331 7,331 Total 2,357,232 11,214,980 11,341,592 2,230,620 Section 6: Section 7: Section 8: Section 9: Final Budget on file.A detailed final budget,including a list of revenues and expenditures for each separate fund,shall be on file with the City Clerk of the City of East Wenatchee,East Wenatchee,Washington.The City Council also directs the City Clerk to upload a copy of the final budget on the City's website. Transmittal.The City Treasurer shall transmit a complete copy of the final budget for 2012 as adopted,together with a copy of this adopting ordinance to the Division of Municipal Corporations of the State Auditor and to the Association of Washington Cities. Publication.The City Council directs the City Clerk to publish a summary of this Ordinance.The summary shall consist of the title of this Ordinance. Effective Date.This Ordinance becomes effective on January 1,2012. Page 3 of5 Passed by the City Council of East Wenatchee,at a regular meeting thereof on this (insert date). ATTEST/AUTHENTICATED: CITY CLERK,DANA BARNARD FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: EFFECTIVE DATE: 11/17/11 r.l//0/1/ 12/J&//I ,2j;;J/I' Page 4 of5 SUMMARY OF ORDINANCE NO.2011-14 OF THE CITY OF EAST WENATCHEE,WASHINGTON On this !~tday of De,:e ,·Vi 6e!1/,2011,the City Council of the City of East Wenatchee,Washington,passed Ordinance No.2011-14.A summary of the content of said ordinance consisting of the title,provides as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF EAST WENATCHEE ADOPTING THE FINAL BUDGET OF THE CITY FOR THE FISCAL YEAR COMMENCING JANUARY 1,2012. DATED December F~4~2011. Dana Barnard,City Clerk Page 5 of5