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Home My WebLink AboutOrdinance No. 1144 - 2025/2026 Biennial Budget AmendmentORDINANCE NO. 1144 AN ORDINANCE OF THE CITY OF YELM AMENDING ORDINANCE NO. 1127, 1129, 1132, AND 1137, WHICH ADOPTED AND AMENDED THE CITY OF YELM'S BIENNIAL BUDGET FOR THE YEARS 202512026, TO ADOPT AN AMENDED BIENNIUM BUDGET SETTING ACTUAL 2026 BEGINNING FUND BALANCES AND APPROVE AN ORDINANCE SUMMARY FOR PUBLICATION. WHEREAS, on November 26, 2024, the City Council of the City of Yelm adopted Ordinance No 1127 which adopted the 2025-2026 biennial budget of the City of Yelm; and WHEREAS, on March 11, 2025, the City Council of the City of Yelm Adopted Ordinance No. 1129 amending the 2025-2026 biennial budget; and, WHEREAS, on June 10, 2025, the City Council of the City of Yelm Adopted Ordinance No. 1132 amending the 2025-2026 biennial budget; and, WHEREAS, on November 25, 2025, the City Council of the City of Yelm Adopted Ordinance No. 1137 amending the 2025-2026 mid -biennium budget; and, WHEREAS, the City has now closed Fiscal Year 2025 and has calculated actual Fiscal Year 2026 Beginning Fund Balances; and, WHEREAS, the City has project carryovers and additional items to add to the biennial budget that could not be foreseen or estimated with the last budget amendment. 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 2025/2026, Ordinance No. 1137, 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 2025/2026 biennial budget, and by this reference, said Exhibit A is incorporated herein as it set forth in full. Section 4. Adopted by the Yelm City Council at the regular meeting the 14th day of April 2026. Approved this 10 day of April 2026 rlg,ePinto, Mayor ' Approved as to form: - 14 • 4 Brent Dille, City Attorney ATTEST: Katy Linnem er, City Clerk PUBLISHED: LA -3:D 'C9 voce EFFECTIVE DATE: 1Ji-(L{ C)(() Fiscal Year 2025 Amended Amended Beg. Fund Amended Total Amended End. Fund FUND Balance + Revenues Resources - Expenditures = Balance General Fund Ci ty of Yelm General Fund (001) 5,379,722 12,152,006 17,531,729 13,907,836 3,623,892 Tota l fo r Genera l Fun d 5,379,722 12,152,006 17,531,728 13,907,836 3,623,892 Utility Enterprise Funds Stormwater Enterprise Fund (400) 924,005 444,808 1,368,813 551,531 617,282 Water Enterprise Fund(4o1) 3,052,433 4,058,580 7,111013 3,323,222 3,707,791 Wastewater Enterprise Fund (412) 1,637,467 4,033,130 5,670,597 4,341,714 1,328,883 Total for Enterprise Funds 5,6130905 8,536,518 14,150,423 8,216067 50933,956 Special Purpose Funds - - City Streets(101) 79,669 723,251 802,920 691,198 1110722 Tourism Promotion (107) 318,000 25,755 343,755 40,000 3030755 Affordable Housing (112) - 25,250 25,250 25,000 250 Transportation Facilities (120) 1,081,343 89,133 1,170,476 925,000 2450476 Total Special Purpose Funds 1,479,012 863,389 2,342,401 1,681,198 661,203 ER&R Funds ' ITServices ER&R(501) 482,236 731,135 1,213,371 806,388 406,483 Ca p ital Equipment ER&R(502) 1,322,149 577,558 1,899,707 795,476 1,103,231 Tom ER&R Funds 1,804,385 1,308693 3,113,078 1,603,364Capital Projects Funds - - Municipal Building Projects (302) 1,028,763 6,019,525 7,048,288 4,904,000 2,144,288 Road & Street Construction (316) 1,158,469 3,639,100 4,797,569 3,625,000 1,172,569 Water Improvements (404) 2,088,039 1,027,170 3,115,209 2,156,000 959,209 SewerfReuse l reg ovements(413) 2,275,855 7,477,736 9,753,591 8,971,578 782,013 Total Capital Projects Funds 6,551,126 18,163,531 24,714,657 19,656,578 5,058,079 Debt Service Funds ' LTGO Bond Fund (200) 42,150 787,726 829,876 787,773 42,103 Sewer Debt Service (203) 117,322 173,279 290,601 173,026 117,575 Sewer Debt Service Reserve(204) 467,707 505 468,212 - 468,212 Wa ter Revenue Bond Debt Service (405) $68,314 589,510 1,157,824 589,557 568,267 Water Debt Service Reserve (406) 573,121 - 573,121 573,121 Sewer Bond Debt Service a nd Reserve(415) 2367117 303 236,420 - 236,420 Tota l Debt Servi re Funds 2,004,731 1,551,322 3556053 1,SSQ355 2,005,697 Reserve Funds - Cumulative Reserve (104) 475,423 505 475,928 - 475,923 Deposits & Retelnage(119) 17,685 - 17,685 - 17,685 Utility Consumer Deposite(402) 104,572 5,050 109,622 5,000 104,622 Total Reserve Funds 597,680 5,555 603,235 5,000 598,235 Totals 23,430,561 42,581,013 66,011,574 46,620,798 19,390,776 Fiscal Year 2026 Adjusted Amended Amended Beg.Fund Amended Total Amended End.Fund FUND Balance + Revenues = Resources - Expenditures = Balance General Fund City of Yelm General Fund (001) 4,363,705 9,799,668 14,163,373 10,360,981 3,802,391 Total for General Fund 4.363.705 9,799,668 14,163,373 10,360,981 3,802,391 Utility Enterprise Funds Stormwater Enterprise Fund 1400) 941,528 444,808 1,386,336 665,377 720,959 Water Enterprise Fund (401) 4,149,189 4,403,580 8,552,769 3,193,277 5,359 493 Wastewater Enterprise Fund (412) 2,468,721 4,333,130 6,801,851 4,429,664 2,372,186 Total for Enterprise Funds 7,559 438 9,181,518 16,740,956 8,288,318 8,452,638 Special Purpose Funds ` City Streets (101) 119,744 681,851 801,595 696,948 104,647 Tourism Promotion (107) 336,126 25,755 361,881 95,400 266,481 Affordable Housing (112) 7,069 25,250 32,319 25,000 7,319 Transportation Facilities (120) 1,288,486 891132 11377,618 1,000,000 377,618 Total Special Purpose Funds 1,751,425 821,988 2,573,413 1,817,348 756,066 ERBR Funds " IT Servi ces ER&R(503) 470,604 731,135 11201,739 745,670 456,069 Capital Equi emend Eft&R(502) 1,176,717 740,964 1,917,681 1031,502 8860179 Total ER&R Funds 1,647,321 I, -0J2,099 3,119,42D 1,777,172 1,3420248 Capital Projects Funds - Municipal Building Projects (3D2) 1,447,311 2,091,525 3,538,836 1,875000 1,663,836 Road& Street Construction (316) 1,877,799 5,964,100 7,841,899 5,650000 2,191,899 Water Improvements (404) 1,706,297 1,205,020 2,911,317 2,415,000 4960317 Sewer/Reuse l mprovements(413) 1,211,536 2,581,010 3,792,546 3,760,000 32,546 Total Capital Projects Funds 6,242,942 11,841,655 18,084,597 13,700,000 4,384,597 Debt Service Funds - LTGO Bond Fund (200) 45,946 133,266 179,211 133,313 45,899 Sewer DebtService(203) 122,640 173,279 295,919 173,026 122,893 Sewer Debt service Reserve (204) 485,192 505 485,697 485,697 Water Revenue Bond Debt Service(405) 589,354 535,053 1,124,406 535,100 589,306 Water Debt Service Reserve (406) 5940548 - 594,548 594,548 Sewer Bond Debt Service and Reserve (4151 244,944 303 245,247 245,247 Total Debt Service Funds 2,0820624 842,405 2,925,029 841,439 2,083,590. Reserve Funds Cumulative Reserve (Trull 511,388 505 511,893 - 511,893 Deposits & Retainage (119) 160 - 160 - 160 Utility Consumer Deposits (402) 102,930 5,050 107,980 5,000 102,980 Total Reserve Funds 614,478 5,555 620,033 5,000 615,033 Totals 24,261,932 33,964,887 58,226,820 36,790,257 21,436,563