1064, Amend 2019-2020 Biennial Budget CITY OF YELM
ORDINANCE NO. 1064
AN ORDINANCE OF THE CITY OF YELM AMENDING THE 2019-2020 BIENNIAL BUDGET.
WHEREAS, the City of Yelm adopted the 2019-2020 Biennial Budget with Ordinance No. 1050,
the Mid-Biennial Budget amendment with Ordinance No. 1055, and the March 2020 Budget
Amendment with Ordinance No. 1059 in accordance with RCW 35A.34130
WHEREAS, the City of Yelm adopted Resolution No. 602 to establish a budget calendar to
increase the consistency and predictability of the budget development processes, and specifies
the budget will be routinely monitored and updated using year to date actual revenue and
expenditures.
WHEREAS, the City Council finds that the proposed adjustments to the 2019-2020 Biennial
Budget Amendment for 2020 reflect revenues and expenditures that are intended to ensure
the provision of vital municipal services at acceptable levels.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF YELM:
Section 1. The July 2020 Amendment of the 2019-2020 Biennial for 2020 as set forth in
Exhibits A is hereby adopted.
Section 2. This Ordinance shall be in force and take effect following 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 CITY COUNCIL AT A REGULAR MEETING THEREOF ON THE 28TH DAY OF JULY,
2020.
1.10
Signed: JW Foster, Mayor Authenticated: Lori Lucas, City Clerk
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City of Yeim
July 2020 Budget Amendment Summary-Exhibit A
Fund Balances Revenue Expenditures Fund Balances
July 2020 Budget Jury 2020 BudgetBe
Beginning Current Budget Adjustments
Amendment Current Budget Adjustments Estimated Ending
Amendment
General Fund(001) 6150,025 6,859,439 303,609 7,163,048 6,975,804 399,325 7,375,129 937,944
Municipal Street Fund(101) 11,406 478,746 • 478,746 344,092 --�_ 344,092 146,060
Arterial Street Fund(102) 222,597 139,219 •- 139,219 161,592 --'- 161,592 200,224
Cumulative Reserve Fund 1104) 331,071 15,000 - 15,000 - - 346,071
Park Reserve Fund(105) 893 • .
Tourism Promotion(107) 305,443 14,241 • 14,241 152,527 152,527 167,157
YP0 school Resowe4 Fund(109) 49,920 87,000 - 87,000 50,789 • 50,789 86,131
Deposits&Retainage Fund(119) 8,070 - - -
- 8,070
Transportation FxiBties 1120) 99,989 122,000 - 122,000 60,000 - 60,000 161,989
LTGO Bond Redemption(200) 30,232 333,395 100,000 433,395 298,915 148,000 446,915 16,712
Killion Road LI01202) 844,308 459,397 • 459,397 374,700 • 374,700 929,005
Sewer Revenue Bonds 1203) 5,689 173,275 100,000 273,275 259,539 • 259,539 19,425
Sewer Revenue Bond Rear(204) 866,500 1,511 - 1,511 • 868,011
Municipal Building Fund(302) 15,902 987,254 • 987,254 930,851 - 930,851 72,305
Road&Street Construction(316) 509,331 2,627,388 • 2,627,388 1,937,522 1,937,522 1,199,197
Stormwatrr Utility Fund(400) 260,633 419,230 • 419,230 536,934 - 536,934 142,929
Water Utility Fund(401) 5,574,020 3,477,721 • 3,477,721 3,065,328 70,000 3,135,328 5,916,413
Utility consumer Deposits(402) 91,089 5,000 • 5,000 5,000 - 3,000 91,089
Water Capital Improvement(404) 3,301,686 523,477 • 523,477 2,835,126 245
_-. ,000 3,080,126 745,037
Water Revenue Debt Sete(405) 63,545 913,681 70,000 983,681 876,512 57,810 934,322 132,904
Water Cupid Improvement(406) 956,200 1,383 • 1,383 • - - 957,583
Sewer Utility Fund 1412) 2,051,021 2,977,937 2,977,437 3,586,311 . 100,000 3,686,311 1,342,647
5ewer/Reuse Capital Resv(413) 2,742,051 4,109,999 • 4,109,999 2,969,742 • 2,969,742 3,882,308
Sewer Debt 5ery&Reserve 1415) 199,915 97,451 97,451 171,580 - 171,580 125,786
Shorting Railroad Fund(430) 4,812 60 • 60
- 4,872
Water Construction Fund(431) 1,042 70 70 1,111 6111 1
IT ER&R Fund 1501) 434224 350,869 350,869 597,775 597,775 191,318
Capital Equipment ER&R(502) 1.124,309 576,102 576,103 813,643 813,663 886,768
Project Performance Trust(630) 11,079 - - - • 11,079 11.079 -
Total of Al Funds 21,291,003 25.750,775 573,679 26,324454 27,004,282 1,036329 26036.607 19.574690