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892 Adopt Biennial Budget Replaces AnnualCITY OF YELM ORDINANCE NO. 892 AN ORDINANCE OF THE CITY OF YELM ESTABLISHING A BIENNIAL BEARS AND PIROVIDING OR A MID BIENN UM REVIEW~10 BUDGET Y WHEREAS, by Chapter 35 A.34, RCW, the State Legislature has provided that a legislative body of a code city may by ordinance elect to have atwo-year fiscal biennium budget in place of an annual budget; and WHEREAS, a biennial budget allows the city to focus on overall strategic planning and more efficient tracking of project revenues and expenditures; and WHEREAS, Chapter 35 A.34.040 requires that such ordinance must be adopted by June 30 in order to be effective for the January 15t, of an odd numbered, non election year; NOW, THEREFORE, The City Council of the Ciry of Yelm do ordain as follows: Section 1. Establish aTwo-Year Biennial Budget. City Council establishes atwo-year biennial budget which begins January 1, 2009 for the 2009-2010 biennial budget years and continues with subsequent biennial budget preparation, consideration and adoption. Section The City Council having adopted the provisions shall provide for amid-biennial review and modification of the biennial budget no sooner than eight months after the start nor later than conclusion of the first year of the fiscal biennium. City ordinances providing for amid-biennium review and modification shall establish procedures for distribution of the proposed modification to members of the City Council, procedures for making copies available to the public, and shall provide sha be bhord Hance appro~ed Sn theusame moannertas arehothetlo dinanclels of n Y the city. Section . Ratify and Confirmation Clause. Any action taken pursuant to this ordinance but prior to the effective date is hereby ratified and confirmed. Section . Effective Date. This Ordinance shall take effect five days after passage, approval, and publication. Adopted by the Yelm City Council at a regular meeting thereof this 24'h day of June 2008. f,. G Wald W. H ing, Mayor Authenticated: me Schnepf, City CI 1 C:\Documents and Settings\janine\Local Settings\Temporary Internet Files\OLKAEO\892 Biennial Budget Adoption (2).doc Page 1