Loading...
Ordinance No. 1122 - Amending the 2023/2024 BudgetORDINANCE NO. 1122 AN ORDINANCE OF THE CITY OF YELM AMENDING ORDINANCE NO. 1088 AND 1092, 1099, 1103, 1106 AND 1112 WHICH ADOPTED AND AMENDED THE CITY OF YELM'S BIENNIAL BUDGET FOR THE YEARS 2023/2024, AND SET 2024 ACTUAL BEGINNING FUND BALANCES, AND APPROVING AN ORDINANCE SUMMARY FOR PUBLICATION. WHEREAS, on November 22, 2022, the City Council of the City of Yelm adopted Ordinance No 1088 which adopted the 2023-2024 biennial budget of the City of Yelm; and WHEREAS, on April 25, 2023, the City of Council Adopted Ordinance No. 1092 amending the 2023-2024 biennial budget; and, WHEREAS, on June 27, 2023, the City of Council Adopted Ordinance No. 1099 amending the 2023-2024 biennial budget; and, WHEREAS, on August 22, 2023, the City of Council Adopted Ordinance No. 1103 amending the 2023-2024 biennial budget; and, WHEREAS, on November 28, 2023, the City of Council Adopted Ordinance No. 1106 amending the 2023-2024 biennial budget; and, WHEREAS, on April 23, 2024, the City of Council Adopted Ordinance No. 1112 amending the 2023-2024 biennial budget; and, WHEREAS, the City has additional items to add to the biennial budget that could not be foreseen or estimated with the last budget amendment; now, therefore, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF YELM AS FOLLOWS: Section 1. The biennial budget for the City of Yelm for the years 2023/2024, Ordinance No. 1122, is hereby amended with the City Council's adoption of the one copy of which has been and now is on file with the office of the City Clerk, by this reference is hereby incorporated herein as if set forth in full and said final biennial budget shall be and the same is hereby adopted in full. Section 2. Attached hereto and identified as Exhibit A, in summary form, are the totals of estimated revenues and appropriations for each separate fund and the aggregate totals for all such funds combined in the first year of the 2023/2024 biennial budget, and by this reference said Exhibit A is incorporated herein as it set forth in full. Section 3. A copy of this amending ordinance shall be transmitted by the City Clerk to the State Auditor's Office and such other governmental agencies as provided by law. Section 4. Adopted by the Yelm City Council at the regular meeting this 27th day of August 2024. ePinto ayor ATTEST: Kathy Linne er, City Clerk PUBLISHED: CkVbJ aL-k ` EFFECTIVE DATE:�1� \c)LA I est_I9,'4 WASHINGTON Meeting Date: August 27, 2024 CITY COUNCIL AGENDA ITEM SUMMARY City of Yelm, Washington AGENDA ITEM: ORDINANCE NO. 1122AMENDING FISCAL YEARS 2023-2024 BIENNIAL BUDGET PROPOSED MOTION: MOTION TO ADOPT ORDINANCE NO. 1122 AMENDING FISCAL YEARS 2023-2024 BIENNIAL BUDGET KEY FACTS AND INFORMATION SUMMARY: Items included in Ordinance No. 1122; Public Safety Sales Tax, Art donations, Road and Street Capital Fund project updates, professional services for salary and labor negotiations. See below for further details of new budget items, housekeeping items, and project carryovers: 1 1 P a g e pity of Yelm Fsr 1924 y ` WASHINGTON Meeting Date: CITY COUNCIL AGENDA ITEM SUMMARY City of Yelm, Washington ILine #1 Fund I Rev/Expd I Amount I Item I 2 1 P a g e NEW ITEMS 1 General Expenditure 45,000 Labor Negotiations & Salary Survey 2 LID Fund Expenditure 2,500 Consultantfees for managing LID, close out 3 General Expenditure 11,000 Medical Benefits 4 General Rev/Expel 300 Art Donation for Art Supplies 5 General Expenditure 15,000 CEMP Emergency Mgt Consultant 6 General Revenue 200,000 Public Safety Sales Tax HOUSEKEEPING 1 Municipal Building Fund Revenue 750,000 Corresponding transfer in from GF transfer budgeted in Ord 1106. Funds set aside for general government building purposes 2 Sewer Capital Revenue (838,000) Duplicate entry from Ord 1106, was already budgeted in BIAS 3 Affordable Housing/GF Rev/Expd 300 Clear up negative fund balance per auditor recommendation. Pass thru funds, negative balance due to timing issue of revenues received and payments &oing out. 4 Yelm Fidiuciary Fund/GF Rev/Expd 2,000 CAPITAL 1 Municipal Bldg Fund Expenditure 90,000 Longmire Park Study 2 Road & Street Const. Revenue 142,000 RHOTON ROAD REV 3 Road & Street Const. Expenditure 142,000 RHOTON ROAD EXP 4 Road & Street Const. Revenue 300,000 WSDOT ROUNDABOUT 507/BALDHILL REV 5 Road & Street Const. Expenditure 300,000 WSDOT ROUNDABOUT 507/BALDHILL EXP 6 Road & Street Const. Revenue 280,000 ADA COMPLIANCE - SIDEWALK RAMP GRANT 7 Road & Street Const. Expenditure I 170,000 ADA COMPLIANCE - SIDEWALK RAMP 8 Stormwater Expenditure 1 118,000 jUtility Vehicle, Excavator, Trailer 9 General lExpenditure 20,000 Reader Board carryover 10 Water Improvements Expenditure (1,800,000) o atter main improvement construction pushed 2 1 P a g e EST.I9 : WASHINGTON Meeting Date: CITY COUNCIL AGENDA ITEM SUMMARY City of Yelm, Washington ATTACHMENTS: • 2024 City -Wide Fund Detail • Ordinance No. 1122 Fiscal Year 2024 Second Quarter Budget Amendment Respectfully Submitted: Stephanie Nanavich, Finance Director 3 1 P a g e Fiscal Year 2023 Amended Amended Beg. Fund Amended Total Amended End. Fund FUND Balance + Revenues - Resources - Expenditures = Balance General Fund City of Yellin General Fund (001) 4,357,832 9,607,107 13,964,939 10,155,290 3,809,649 Total for General Fund 4,357,832 9,607,107 13,964,939 10,155,290 3,809,649 Utility Enterprise Funds Smrmwater Enterprise Fund (400) 650,813 709,535 1,360,348 397,312 963,036 Water Enterprise Fund (401) 4,902,821 3,193,961 8,096,782 5,277,111 2,819,671 Wastewater Enterprise Fund (412) 2,969,215 3,564,275 6,533,490 5,463,008 1,070,482 Total for Enterprise Funds 8,522,849 7,467,771 15,990,620 11,137,431 4,853,189 Special Purpose Funds - CltyStreets(101) 38,102 709,535 747,637 662,510 85,127 Tourism Promotion (107) 340,662 25,500 366,162 40,000 326,162 Affordable Housing(122) 25,000 25,000 25,000 Transportation Facilities (120) 529,257 88,250 617,507 617,507 Total Special Purpose Funds 908,021 848,285 1,756,306 727,510 1,028,796 EMR Funds - ITServicesER&R(501) 354,880 584,630 939,510 514,547 424,963 Capita l Equipment ER&R 1502) 1,278,863 391,845 1,670,708 402,020 1,268,688 Total ER&R Funds 1,633,743 976,475 2,610,218 916,567 11693,651 Capital Projects Funds Municipal Building Projects (302) 587,635 1,418,821 2,006,456 1,164,158 842,298 Road & Street Construction (316) 1,255,921 480,700 1,736,621 278,973 1,457,648 Water lon,everni (404) 1,698,850 3,108,504 4,807,354 900,445 3,906,909 SewerfRease Improvements (413) 775,144 18,073,604 18,848,748 17,709,161 1,139,587 Total Capital Projects Funds 4,317,550 23,081,629 27,399,179 20,052,737 7,346,442 Debt Service Funds - - LTGOBonn Fund (200) 25,585 469,328 494,913 469,076 25,837 Killion LID (202) 223,337 71,573 294,910 294,910 Sewer Debt Service(203) 106,039 173,276 279,315 173,026 106,289 Sewer Debt Service Reserve (204) 431,182 500 431,682 431,682 Water Revenue Bond Debt Service (405) 515,772 640,464 1,156,236 597,168 559,068 Water Debt Service Reserve (406) 528,324 528,324 - 528,324 Sewer Bond Debt Service and Reserve (415) 123,346 300 123,646 123,646 Tota l Debt Service Funds 1,953,585 1,355,441 3,309,026 1,534,180 1,774,846 Reserve Funds Cumulative Reserve (104) 397,243 30,500 427,743 - 427,743 Deposits & Reia-mage (119) 8,133 - 8,133 - 8,133 Utility Consumer Deposits (402) 93,109 5,000 98,109 5,000 93,109 Total Reserve Funds 498,485 35,500 533,985 51000 528,985 Totals 22,192,065 43,372,208 65,564,273 44,528,714 21,035,559 Fiscal Year 2024 Beg.Fund FUND Balance + General Fund City of Yelm General Food(001) 5,296,298 Total for General Fund Utility Enterprise Funds Amended Stormwater Enterprise Fund (400) 814,724 Water Enterprise Fund (401) 3,913,108 Wastewater Enterprise Fund (412) 1,551,162 Total for Enterprise Funds 6.278,994 Special Purpose Funds Balance Cita Streets (101) 26,726 Tourism Promotion (107) 368,309 Affordable Housing (112) (300) Transportation Facilities (120) 771,025 Total Special Purpose Funds 1,165,761 ER&R Funds ITServices ER&R (501) 453,871 Capital Equipment ER&R(502) 1,369,881 Total ER&R Funds 1,823,752 Capital Projects Funds Municipal Building Projects (302) Road & Street Construction (316) Water l mprovements(404) 5ewer/Reuse l mproveri (413) Total Capital Projects Funds Debt Service Funds LTGO Bond Fund (200) Killion LID (202) Sewer Debt Service(203) Saucer Debt Service Reserve (204) Water Revenue Bond Debt Service (405) Water Debt Service Reserve (406) Sewer Bond Debt Service and Reserve (415) Trial DemService Funds Reserve Funds Cumulative Reserve (104) Deposits & Retainage (119) -Ii Consumer Deposits (402) Total Reserve Funds Totals 586,930 1,040,801 569,838 470,963 374,785 1,744,666 370,727 1,373,939 961,715 2,785,467 940,565 1,844,902 (157551) Amended 3,349,609 Amended Amended Total Amended End. Fund Revenues - Resources - Expenditures Balance 9,961,301 15,257,599 11,318,206 3,939,393 9,961,301 15,257,599 11,318,206 3,939,393 440,404 1,255,127 513,449 741,678 3,193,961 7,1D7,069 4,941,367 2,165,702 3,704,726 5,255,888 4,330,233 925,655 7,339,090 13,618,084 9,]85,049 3,833,035 675,100 701,826 696,392 5,434 25,500 393,809 150,000 243,809 25,300 25,000 25,000 D 88,250 859,27S 551,634 859,275 814,150 1,979,911 871,392 1,108,519 586,930 1,040,801 569,838 470,963 374,785 1,744,666 370,727 1,373,939 961,715 2,785,467 940,565 1,844,902 (157551) 3,507,160 3,349,609 2,547,931 801,678 1,388,593 1,132,000 2,52D,593 2,447,000 73,593 4,017,925 3,117,000 7,134,925 6,327,142 807,783 (632,574) 14,602,971 13,970,397 13,515,000 455,397 4,616,393 22,359,131 26,975,524 24,837,073 1,138/151 27,556 469,328 496,884 469,076 27,808 362,050 362,050 2,500 359,550 110,966 173,276 284,242 173,026 111,216 450,172 500 450,672 - 450,672 538,402 597,418 1,135,820 597,168 538,652 551,634 551,634 551,634 227,265 300 227,565 227,565 2,268,044 1,240,822 3,508,866 1,241,770 2,267,096 444,923 30,500 475,423 - 475,423 149 - 149 - 149 95,599 5,000 100,599 5.000 95,599 540,671 35,500 576,171 5,000 571,171 21,989,912 42,711,709 64,701,621 48,999,054 15,702,566