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HomeMy WebLinkAboutOrdinances - 2016-23 - Adopting annual budget of the City for 2017 - 12/13/2016 . CITY OF EAST WENATCHEE, WASHINGTON ORDINANCE NO. 2016-23 An ordinance of the City Council of the City of East Wenatchee, Washington, adopting the annual budget of the City for the fiscal year commencing January 1, 2017 Una Ordenanza de la Ciudad de East Wenatchee Washington, se modifica L Ordenanza Numero 2016-23 que establecio la Ciudad de East Wenatchee 2017 Prseupuesto. _____________________________________________________________________________ 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 2017; 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: Purpose. Adopt a City budget for the year 2017. Section 2: Adoption of 2017 Budget. In accordance with RCW 35A.33.075, the City Council adopts, by reference, the final budget for the year 2017 for the City of East Wenatchee, Washington. Section 3: Recognition of Estimated Beginning Fund Balances and Estimated Revenues: The 2017 Budget recognizes estimates for its beginning fund balances and estimated revenues for 2017 from the following fund sources: .Estimated 2017 Estimated Beginning 2017 Fund Fund Balance Revenue General Fund 2,914,910 5,800,097 Street/SWA Fund 162,200 1,363,000 Comm Developments Grant Fund 66,345 - Transportation Benefit District Fund 196,865 235,000 Debt Reserve Fund 165,000 165,000 Library Fund 5,545 6,500 Hotel/Motel Tax Fund 3,761 12,000 Drug Fund 4,029 250 Criminal Justice Fund 35,311 16,875 Events Board Fund 58,121 173,975 Bond Redemption Fund 10,723 29,770 Street Improvements Fund 165,685 6,740,469 Storm Water Capital Impv Fund 66,626 195,950 Capital Improvements Fund 919,200 656,114 Equipment PM& R Fund 49,061 320,000 Total for All City Operations 4,823,382 15,715,000 Section 4: Funds Appropriated. The 2017 Budget is appropriated by fund as follows: 2017 Fund Appropriation General Fund 8,715,007 Street/SWA Fund 1,525,200 Comm Developments Grant Fund 66,345 Transportation Benefit District Fund 431,865 Debt Reserve Fund 330,000 Library Fund 12,045 Hotel/Motel Tax Fund 15,761 Drug Fund 4,279 Criminal Justice Fund 52,186 Events Board Fund 232,096 Bond Redemption Fund 40,493 Street Improvements Fund 6,906,154 Storm Water Capital Impv Fund 262,576 Capital Improvements Fund 1,575,314 Equipment PM& R Fund 369,061 Total for All City Operations 20,538,382 Section 5: 2017 Financial Budget Summarized Cash Flow by Fund and Combined: The following is a summary cash flow schedule for 2017 with beginning balances, estimated revenue, fund transfers and budgeted expenditures by fund and in total for 2017. Estimated 2017 Estimated Budgeted Estimated Beginning 2017 2017 2017 Ending Fund Fund Balance Revenue Expenditures Fund Balance General Fund 001 2,914,910 5,800,097 6,449,983 2,265,024 Street & Storm Water Fund 101 162,200 1,363,000 1,360,600 164,600 Comm Dev Grants Fund 102 66,345 - 25,367 40,978 Trans Benefit Distr Fund 105 196,865 235,000 114,075 317,790 Debt Reserve Fund 110 165,000 165,000 - 330,000 Library Fund 112 5,545 6,500 5,400 6,645 Hotel/Motel Tax Fund 113 3,761 12,000 12,500 3,261 Drug Fund 114 4,029 250 - 4,279 Criminal Justice Fund 116 35,311 16,875 43,000 9,186 Events Board Fund 117 58,121 173,975 152,710 79,386 Bond Redemption Fund 202 10,723 29,770 30,900 9,593 Street Improvements Fund 301 165,685 6,740,469 6,759,975 146,179 Storm Water Impv Fund 308 66,626 195,950 205,372 57,204 Capital Improvements Fund 314 919,200 656,114 1,000,000 575,314 Equipment PM& R Fund 501 49,061 320,000 338,500 30,561 Total for All City Operations 4,823,382 15,715,000 16,498,382 4,040,000 Section 6: 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. Section 7: Transmittal. The City Treasurer shall transmit a complete copy of the final budget for 2017 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. Section 8: 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. Section 9: Effective Date. This Ordinance becomes effective on January 1, 2017. SUMMARY OF ORDINANCE NO. 2016-23 OF THE CITY OF EAST WENATCHEE, WASHINGTON On this Xth day of December 2016, the City Council of the City of East Wenatchee, Washington, passed Ordinance No. 2016-23. 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 annual budget of the City for the fiscal year commencing January 1, 2017. DATED December _____, 2016 ___________________________ CITY CLERK, DANA BARNARD