1424_00001ORDINANCENO.1424
AN ORDINANCEAMENDINGTHE 1990 BUDGET FOR THE CITYOF
MOSESLAKE,WASHINGTON
THECITYCOUNCILOF THE CITYOF MOSESLAKE,WASHINGTONDOORDAINAS FOLLOWS:
SEÇTION 1.GENERAL FUND 000:To add $300,000to the beginning Fund Balance since the actualbeginningFundBalancewashigherthananticipatedintheoriginalbudget,and use $225,000to payon theinterfundloantotheFireman's Pension Fund (non-budgeted).Increase salaries Invariousdepartmentalbudgetsby$29,761for exemptstaff1990 salariesas establishedbythe CityCouncilandtransfer same fromendingfundbalance.Increase salaries in EngineeringDepartment by $67,000and increase interfund
engineeringrevenues by an equal amount.Increase salaries in Parks Departmentfora Tourism Directorby$30,000and increase revenueby $30,000vla an operatingtransfer-infrom the ConventionCenterFund.Increase Parks budget by $45,000for the museum,$35,000revenue via an operating transfer-infrom theConventionCenterFund#302 and $10,000from the endingFund Balance.Transfer to operating transfers-outand distributeto funds as follows:CapitalFund #308 -$100,000;Accident Insurance #503 -$100,000;Central Services #517 -$25,000;Building Fund #518 -$75,000.Transfer to Interfund Loan Repayments$225,000and pay same to Firemans Pension Fund611.Transfer from ending Fund Balance to Miscella-
neous DepartmentBudget $5,405forthe Big Bend EconomicCouncil.Transfer from endingFundBalancetoMiscellaneousDepartmentBudget$5,000for a fireworks display.Transfer $2,700from ending FundBalancetothePoliceDepartment.Transfer$2,200from ending Fund Balance to the Fire Department.Transfer $3,827from ending Fund Balance to the Parks Department.
GENERALFUND 000 1990 -As amended to date:
Amended
Budget Additions Deductions Budget
$4,729,644 $715,393.$283,393 $5,161,644
SECTION 2.BUILDINGAND EQUIPMENT FUND 277:Memorandum entry onlyfor budget estimationchangesincethisisanon-budgeteddebt servicefund.To reduce beginningFund Balanceby$24,030andreducetheoperatingtransfertoCapitalFund#308 bythe same amount
BUILDINGAND EQUIPMENTFUND 277 1990 -As amended to date:
Amended
Budget Additions Deductions Budget
$267,817 -0-$24,030 $243,787
SECTION 3.ÇONVENTIONCENTER FUND302:To add $24,067to the beginningFund Balance since theactualbeginningFundBalancewashigherthananticipatedintheoriginalbudget,andthe same amountshallbeaddedtotheendingFundBalance.To transfer$30,000fromsalariesto an operatingtransfer-outwhichwillbetransferredtotheGeneralFundasanoperatingtransfer-inand shallbe budgeted in the ParksDepartmentforatourismposition.To transfer$35,000from Advertisingand Professional Expenses in theConventionCenterFundtoanoperatingtransfer-outwhich willbe transferred to the GeneralFund as anoperatingtransfer-inand shallbe budgeted in the Parks Departmentfor a downtownmuseum.ToincreasethecostsforanamphitheaterintheConventionCenterFundby$72,180and transfer $48,422from theendingFundBalanceandbudget$23,758as other revenue privatedonations.
CONVENTIONCENTER FUND 302 1990 -As amended to date:
AmendedBudgetAdditionsDeductionsBudget
$510,000 $161,247 $113,422 $557,825
SECTION 4.ÇAPITALFUND 308:To reduce the beginning Fund Balance by $24,628as the actualObeginningFundBalancewaslessthanestimatedatthetimetheoriginalbudgetwasprepared.To reduce
.the residual equity transfer from Fund #277 by $24,030.To reduce the residualequity transfer from theParksFund311by$12,144.To add $100,000as an operatingtransfer-infrom the GeneralFund.
CAPITALFUND 308 1990 -As amended to date:
AmendedBudgetAdditionsDeductionsBudget
$665,587 $100,000 $60,802 $704,785
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SECTION 5.CAPITALFUND 309:To increase beginningFund Balance by $130,394and ending Fund
Balance by the same amount.See Note 1 below.To budget $6,640for interest on US Bank loan and
reduce ending Fund Balance by an equal amount.To budget $10,000for issuance costs of council-maticbondsandreduceendingFundBalance.To budget $13,120for a street assessment which willbe pald to
ULID#4 for a storm sewer drain basin and reduce the ending Fund Balance by the same amount.To
budget $15,000for street work on the amphitheater and transfersame from ending Fund Balance.
Note 1:This assumes that $200,400of new council-matic loan proceeds in thisfund isto be used to repay
a short term loan in the amount of $200,400with US Bank,otherwisethe beginningFund Balance would
be in a negativeposition.This amount was borrowedin the form of a bond anticipation note.
CAPITALFUND 309 1990 -As amended todate:
Amended
Budget Additions Deductions Budget
$1,156,000 $175,154 $44,760 $1,286,394
SECTION 6.CAPITALFUND 311:To increase grant revenue by $64,068and reduce beginning Fund
Balance by $14,790.To increase Cascade ParkConstructionProject by$61,422.Reduce residual equity
transfermut for Fund #308 from$14,790by$12,144to $2,646.The $61,422includesan amount necessary
to pay offinterfund loans and interest on same.
CAPITALFUND 311 1990 -As amended to date:
Amended
Budget Additions Deductions Budget
$14,790 $64,068 $14,790 $64,068
SECTION 7.WATER/SEWER FUND410:To reduce the beginningFund Balance by $107,940asthe actual
beginning fund balance was less than that which was estimated at the time the original budget wasprepared.The ending Fund Balanceshall be reduced by thesame amount.To transfer$10,000from the
ending Fund Balance via an operating transfer-outto be distributedto Account #460 to be used foradvance
refunding bond costs.To transfer$T7,215 fromthe ending Fund Balance to an operating transfer-outto
be transferred to Account#461,UUD #3 because the UUD #3 costs were $77,215higher thanthefinal
assessment roll.To increase salariesby $2,220in Department 41t of Fund #410 to cover 1990 salariesfor
exempt staffas fixed by the CityCouncil.
WATER/SEWERFUND410 1990 -As amended to date:
Amended
Budget Additions Deductions Budget
$3,988,993 $89,435 $197,375 $3,881,053
SECTION 8.WATER/SEWER 1985 BOND REDEMPTIONACCOUNT 460:To add bond issue costs for
advance refunding$10,000to be provided by an operating transfer-in from Water/Sewer Account #410.
Bond principal and Interest is included as an estimationonly since it is not a budgeted item.
WATER/SEWER 1985 BOND REDEMPTIONACCOUNT 460 1990 -As amended to date:
Amended
Budget Additions Deductions Budget
$745,551 $10,000 -0-$755,551
SECTION 9.WATER/SEWER UUD #3 ACÇÇUNT461:Increase budget to $337,406as follows:
EXPENDITURES:Repay USBank loan -$325,700;Interest -$10,792;CIP SewerProjects -$914;
REVENUES:Proceeds ofrevenuebonds -$220,819;BeginningFund Balance -$39,372;Operatingtransfer-
in from W/S Fund -$77,215.
WATER/SEWER ULID#3 ACCOUNT 461 1990 -As amended to date:
Amended
Budget Additions Deductions Budget
$327,235 $337,406 $327,235 $337,406
SECTION 19.WATER/SEWER I)UD #4 ACCOUNT 462:Increase budget to $1,091,954as follows:
EXPENDITURES:Repay US Bank Loan $758,600;Interest $25,135;Other expenses $56,235;OperatingTransfer-Out$251,984which shallbe transferredtoW/S ConstructionFund for constructionexpenses which
were paiddirectlyfromW/S ConstructionFund477.
REVENUES:Proceeds of loans $758,600;Grant proceeds $320.234;Street assessment for storm drain$13,120to be receivedfrom Fund #309.
WATER/SEWER UUD #4 ACCOUNT 4t|I2 1990 -As amended to date:
AmendedBudgetAdditionsDeductionsBudget
$757,000 $1,091,954 $757,000 $1,091,954
SECTION 11.WATER/SEWERCONSTRUCTIONACCOUNT 4TT:To reducebeginningFund Balanceby$75,921as the actual beginning Fund Balance was less than that which was estimated at the time theoriginalbudgetwasprepared.The ending Fund Balance shall be decreased by the same amount.ToincreaseCIPprojectsby$20,000for work on the amphitheater and deduct same fromendingFund Balance.To budget for an operatingtransfer-into be receivedfromW/S Account #462 Inamount of $251,984andaddthesametotheendingFundBalance.
WATER/SEWER CONSTRUCTION AÇÇOUNT 477 1990 -As amendedto date:
AmendedBudgetAdditionsDeductionsBudget
$4,043,450 $271,984 $95,921 $4,219,513
SECTION 12.SANITATIONFUND 490:To reduce beginning Fund Balance by $63,641as the actualbeginningFundBalancewaslessthanthatwhichwasestimatedatthetimetheoriginalbudgetwasprepared.The ending Fund Balance shall be decreased by the same amount.Totransfer$26,000totheSanitationContracttoallowforarecyclingprogramandreducetheendingFundBalancebythesameamount.To transfer$6,492to GeneralAdministration Expense and reducethe endingFund Balance by the
same amount.This adjustment is necessary to balance the 1990 budget.
SANITATIONFUND 490 1990 -As amended to date:
AmendedBudgetAdditionsDeductionsBudget
$1,130,000 $32,492 $96,193 $1,066,359
SECTION 13.SELF INSURANCEFUND503:To budgetfor an operating transfer-in fmm the GeneralFundintheamountof$100,000and add the same to the ending Fund Balance.
SELFINSURANCEFUND503 1999 -Asamended to date:
AmendedBudgetAdditionsDeductionsBudget
$735,000 $100,000 -0-$835,000
SECTION 14.CENTRALSERVICESFUND 517:To budget for an operatingtransfer-infrom the GeneralFundintheamountof$25,000and add the same to the ending Fund Balance.To add $1,575to SalariesanddeductsamefromendingFundBalanceforchangesinsalariesofexemptstaffasapprovedbytheCityCouncil.
CENTRALSERVICESFUND 517 1990 -As amended to date:
e AmendedBudgetAdditionsDeductionsBudget
$693,648 $26,575 $1,575 $718,648
SEÇTION 15.Bl)ILDINGFUND 51$:To budget for an operatingtransfer4nfrom the General Fund in theamountof$75,000and add the same to the ending Fund Balance.
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BUILDINGFUND 518 1990 -As amended todate:
Amended
Budget Additions Deductions Budget
$267,079 $75,000 -0-$342,079
SECTION 16.FIREMAN'SPENSION FUND 611:To accept retum ofa $225,000interfundloan fromthe
GeneralFund.Note:This willnot change the Fund Balance as it is already included in the assets of the
Fireman's Pension Fund.To providefora long term loanto LI.D.56,Fund 756 Inthe amount of$37,009ataninterestrateof71/2%.
FIREMAN'SPENSION FUND611 1990 -As amended to date:
Amended
Budget Additions Deductions Budget
$519,150 $262,009 $262,009 $519,150
SECTION 17.CONSOUDATED LI.D.#29 FUND 701:To reduce beginning Fund Balance and UD
expenditures by $6,251as thisfundwas closed out in 1989 afterthe initial1990 budget was prepared.This
is a memorandum entryto close a budget estimationas this is an estimated non-budgeted fund.
CONSOUDATED LI.D.#29 FUND 701 1990 -As amended to date:
Amended
Budget Additions Deductions Budget
$6,251 -0-$6,251 -0-
SECTION 18.CONSOLIDATED LLD.#37 FUND 703:To reduce beginning Fund Balance and LID
expendituresby$26,984as thisfund was closedoutin 1989 afterthe Initial1990 budgetwas prepared.This
is a memorandumentryto close a budget estimationas this is an estimatednon-budgeted fund.
CONSOUDATED LI.D.#37 FUND 703 1990 -As amended to date:
Amended
Budget Additions Deductions Budget
$26,984 -0-$26,984 -0-
SECTION 19.CONSOLIDATEDLI.D.#37 B COUPONFUND 704:To reduce beginningFundBalanceand
LIDexpenditures by $968as this fundwas closed out in 1989 after the initial 1990 budget was prepared.
This is a memorandum entryto close a budget estimation as this is an estimated non-budgeted fund.
CONSOLIDATEDLI.D.#37 B COUPON FUND 704 1990 -As amended to date:
Amended
Budget Additions Deductions Budget
$968 -0-$968 -0-
SECTION20.LI.D.#55 FUND 756:Toreduce beginningFund Balance and LIDexpendituresby $24,731
as this amount was closed out in 1989 afterthe initial1990 budget was prepared.This is a memorandum
entry to close a budget estimationas this is an estimated non-budgetedfund.
LI.D.#55 FUND 755 1990 -As amended to date:
Amended
Budget Additions Deductions Budget
$26,656 -0-$24,731 $1,925
SECTION 21.LI.D.#50 FUND 756:To add proceeds of a loan from Fireman's Pension Fund in the
amountof$37,009and budgetexpendituresto pay USBank loan principal-$35,300;interest -$1,170;other
expense -$539.
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LI.D.#56 FUND 756 1990 -As amended to date:
AmendedBudgetAdd¡tions Deductions Budget
$29,500 $37,009 $29,500 $37,009
Section 22.Allending FundBalances whichmay be includedin the preceding budgets require appropria-tionto specificexpenditureobjects bythe CityCouncilprior to theirexpenditure.As endingFundBalances
are appropriated for expenditure they are shown as both additions and deductions to the respectivebudgets.
Section 23.This ordinance shalltake effectand be in force (5)days after its passage and publicationasprovidedbylaw.
Adopted by the CityCounciland signed by its
Finance Director
APMAttorn yA
SUMMARYPUBLISHED:4/16/90
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