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HomeMy WebLinkAboutOrdinances - 2021-24 - Ordinance 2021-24, adopting the 2022 Budget commencing 01/01/2022 - 11/16/2021 City of East Wenatchee Ordinance 2021-24 Page 1 of 5 Retain Ordinance until no longer needed for City-business, then transfer to Washington State Archives (GS50-05A-16 Rev.1) . CITY OF EAST WENATCHEE, WASHINGTON ORDINANCE NO. 2021-24 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, 2022. Una ordenanza del Concejo Municipal de la Ciudad de East Wenatchee, Washington, que adopta el presupuesto anual de la Ciudad para el año fiscal que comienza el 1 de enero de 2022. _____________________________________________________________________________ 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 2022; 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 2022. Section 2: Adoption of 2022 Budget. In accordance with RCW 35A.33.075, the City Council adopts, by reference, the final budget for the year 2022 for the City of East Wenatchee, Washington. Section 3: Recognition of Estimated Beginning Fund Balances and Estimated Revenues: The 2022 budget recognizes estimates for its beginning fund balances and estimated revenues for 2022 from the following fund sources: City of East Wenatchee Ordinance 2021-24 Page 2 of 5 Retain Ordinance until no longer needed for City-business, then transfer to Washington State Archives (GS50-05A-16 Rev.1) Fund & Fund Number Projected Beginning Fund Balance 1/1/2022 Estimated 2022 Revenue General – 001 $4,532,867 $9,606,645 Rainy Day – 002 - 750,000 Street – 101 254,462 1,336,500 Comm. Dev. Grants – 102 40,349 423,886 Affordable Housing Tax – 103 46,505 32,000 Housing & Related Serv. – 104 160,000 440,000 Trans. Benefit District – 105 480,057 250,200 Library – 112 17,249 7,525 Hotel/Motel Tax – 113 209,784 250,000 Drug – 114 3,790 100 Criminal Justice – 116 3,376 20,500 Events – 117 26,946 151,650 Bond Redemption – 202 564,777 - Street Improvements – 301 1,042,185 5,014,912 Capital Improvements – 314 1,388,391 6,450,000 Stormwater – 401 1,315,072 817,500 Equipment Purchase, Maintenance & Replacement – 501 295,283 872,291 Total Resources $10,381,092 $26,423,709 Section 4: Funds Appropriated. The 2022 budget is appropriated by fund as follows: Fund & Fund Number 2022 Appropriation General – 001 $14,139,512 Rainy Day – 002 750,000 Street – 101 1,590,962 Comm. Dev. Grants – 102 464,235 Affordable Housing Tax – 103 78,505 Housing & Related Services – 104 600,000 Trans. Benefit District – 105 730,257 Library – 112 24,774 Hotel/Motel Tax – 113 459,784 Drug – 114 3,890 Criminal Justice – 116 23,876 Events – 117 178,596 Bond Redemption – 202 564,777 Street Improvements – 301 6,057,097 Capital Improvements – 314 7,838,391 Stormwater – 401 2,132,572 Equipment Purchase, Maintenance & Replacement – 501 1,167,574 Total Appropriation $36,804,801 City of East Wenatchee Ordinance 2021-24 Page 3 of 5 Retain Ordinance until no longer needed for City-business, then transfer to Washington State Archives (GS50-05A-16 Rev.1) Section 5: 2022 Financial Budget Summarized Cash Flow by Fund and Combined. The following is a summary cash flow schedule for 2022 with estimated beginning balances, estimated revenue, fund transfers and budgeted expenditures by fund, and in total for 2022. Fund & Fund Number Projected Beginning Balance, 1/1/2022 Budgeted 2022 Revenues Budgeted 2022 Expenditures Projected Ending Balance, 12/31/2022 General – 001 $4,532,867 $9,606,645 $(10,884,386) $3,255,126 Rainy Day – 002 - 750,000 - 750,000 Street – 101 254,462 1,336,500 (1,508,500) 82,462 Comm. Dev. Grants – 102 40,349 423,886 (423,886) 40,349 Afford. Housing Tax – 103 46,505 32,000 (45,000) 33,505 Housing Related Ser. – 104 160,000 440,000 (600,000) - Trans. Benefit District – 105 480,057 250,200 (322,000) 408,257 Library – 112 17,249 7,525 (6,500) 18,274 Hotel/Motel Tax – 113 209,784 250,000 (276,000) 183,784 Drug – 114 3,790 100 - 3,890 Criminal Justice – 116 3,376 20,500 (20,000) 3,876 Events - 117 26,946 151,650 (143,865) 34,731 Bond Redemption - 202 564,777 - (544,000) 20,777 Street Improvements - 301 1,042,185 5,014,912 (5,422,175) 634,922 Capital Improvements - 314 1,388,391 6,450,000 (7,250,000) 588,391 Stormwater - 401 1,315,072 817,500 (962,863) 1,169,709 E, P, M & R - 501 295,283 872,291 (603,100) 564,474 Total Cash Balances $10,381,092 $26,423,709 $(29,012,275) $7,792,526 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 to the City’s website. Section 7: Transmittal. The Finance Director shall transmit a complete copy of the final budget for 2022 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.