1173_00001ORDINANCE NO.1173
AN ORDINANCE AMENDING THE 1985 BUDGET FOR THECITYOFMOSESLAKE,WASHINGTON
THE CITY COUNCIL OF THE CITY OF MOSES LAKE,WASHINGTON DO ORDAINASFOLLOWS:
8 SECTION 1.BUILDING AND EQUIPMENT FUND 310:Whereas the City of Moses Lake has issued a limited tax generalobligationbondanticipationnoteintheamountof$500,000 andthefundshavebeenreceivedfromRainierNationalBankthatthe1985budgetbeamendedasfollows:That $350,000 be budgetedunderConstructionProjectsobject651andthat$150,000 bebudgetedunderMachineryandEquipmentobject641budgetandthattotalBuildingAndEquipmentFundRevenueandExpenditureaccountsbeamendedasfollows:
Budget Adopted Additions Deductions FinalBudget12/13/84 1/8/85$0 $500,000 -0-$500,000
SECTION 2.GENERAL FUND 000:Whereas the fund balance in the general fund at the end of 1984washigherthananticipatedthat$300,000 be added to theBeginningFundBalanceintheGeneralFundandthatanoperatingtransferof$100,000 be transferred to Capital Fund #308 and that$200,000 be transferred to Building and Equipment Debt ServiceFund277fromtheGeneralFund.Budget Adopted Additions Deductions Final Budget$3,318,864 $300,000 -0-$3,618,864
SECTION 3.CAPITAL FUND 308:Whereas an additional $100,000 is being transferred by anioperatingtransfertotheCapitalFundthattheUnreservedEndingFundBalancebeincreasedby$100,000.Budget Adopted Additions Deductions Final Budget$100,000 $100,000 -0-$200,000
SECTION 4.BUILDING AND EQUIPMENT DEBT SERVICE FUND #277:Whereas an operating transfer is being made from the General FundtotheBuildingandEquipmentDebtServiceFundthattheamountof$200,000 that it be budgeted as Reserve for Debt Service intheendingfundbalance.Budget Adopted Additions Deductions Final Budget$0 $200,000 -0-$200,000
SECTION 5:This ordinance shall take effect and be in force (5)days after its passage and publication as provided by law.
ADOPTED by the City Council and signed by its Mayor onJuly9,1985 .
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City Clerk ~
AP ED AS T
ity Attorne
Publish:July 12,1985