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894 Budget Amend SR 507/510 LoopCITY OF YELM ORDINANCE NO. 894 AN ORDINANCE amending the City of Yelm 2008 Budget as adopted by Ordinance No. 886 (12/07), increasing the SR 507/510 Loop Project Fund budget by transferring from the General Fund Reserve and declaring an effective date. WHEREAS, the SR 507/510 Loop Project Fund (114) needs $27,000 additional appropriations to purchase lobbyist contract services and remain in a positive cash flow position; and WHEREAS, the General Fund Reserve has sufficient reserve available for lobbyist contract services; and NOW, THEREFORE, The City Council of the City of Yelm do ordain as follows: Section 1. The SR 507/510 Loop Project Fund 2008 Annual Budget Appropriation shall be amended by increasing the appropriation in the amount of $27,000. This shall be achieved by appropriating an additional $27,000 transfer in from General Fund Reserve (001). Revenue Change: 2008 Amended Budget SR 507/510 Loop Proiect Fund 114 Bu- d9et Bu-dget Change 114 000 000 397 40 09 00 TRANSFER IN GF $ 0.00 $ 27,000 $ 27,000 Expense Change: SR 507/510 Loop Proiect Fund 114 1 14 000 000 543 20 63 00 PROF SvCS $ 27,789 $ 54,789 $ 27,000 General Fund Reserve (001) 001 000 000 597 40 09 00 TRANSFER Out To 114 $0.00 $ 27,000 $ 27,000 001 000 OOO 596 00 00 00 CAPTIAL RESERVE $1,203,245 $1,176,245 ($27,000) Section 2. Effective Date. This Ordinance shall take effect five days after passage, approval, and publication. Section 3. Ratify and Confirmation Clause. Any action taken pursuant to this ordinance but prior to the effective date is hereby ratified and confirmed. Adopted by the Yelm City Council at a regular meeting thereof this 24th day of June, 2008. 8XX BDG AMEND SR507-510 LP.doc J Wald W. H tling, Mayor Authenticated: Jan a Schnepf, City Cler Page 1