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959 Amend Budget PavementCITY OF YELM ORDINANCE NO. 959 AN ORDINANCE of the City of Yelm amending the 2012 City of Yelm Budget, adopted by Ordinance No. 949 (12/11), by adding project budget appropriations for the Enhanced Pavement Preservation Project within Fund 102 Arterial Streets, authorizing a transfer out of Fund 316, Road / Street Construction to Fund 102 Arterial Streets; and declaring an effective date. WHEREAS, Fund 316 Capital Reserve for Roads/ Streets and Fund 102, Arterial Streets was appropriated in the 2012 budget for certain additions and betterments of the roads and streets in the City; and WHEREAS, the 1st Street / Rhoton Road Pavement Enhancement Project includes improvements that better the roadways within the City ; and WHEREAS, the 1 st Street / Rhoton Road project was budgeted to be paid from Fund 102 Arterial Streets, however grant reimbursements from the State of Washington Transportation Improvement Board only occur after funds have been expended, thus requiring additional cash flow in Fund 102 and WHEREAS, an Ordinance is a requirement to amend the adopted budget; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF YELM, WASHINGTON DO ORDAIN AS FOLLOWS: Section 1. The 2012 City of Yelm Budget, Fund 102, Arterial Streets is amended by the transfer from Fund 316 Road / Street Construction to Fund 102 Arterial Roads /Streets Transfer Out 316 595 60 65 00 $200,000.00 TI EPP — 1st Street / Rhoton Rd Transfer In 102 334 03 80 01 $200,000.00 Section 2. Ratify and Confirmation Clause — Any action taken pursuant to this ordinance but prior to the effective date is hereby ratified and confirmed. PASSED and signed,in authentication on this 25th day of September, 2012 Ron Harding, Authenticated: nine Schnepf, City Clerk Published : October 5, 2012 Effective: October 10, 2012 City of Yelm Ordinance No. 959 Page 1 of 1 SCANNED