1722_00001ORDINANCE NO.1722
ANORDINANCEAMENDINGTHE 1996 BUDGET FOR THE CITY OF MOSESLAKE,
WASHINGTON
THE CITY COUNCIL OF THE CITY OF MOSES LAKE,WASHINGTONDOORDAINAS FOLLOWS:
Amend the 1996 Budget to allowforloan payment transfersand setting up the LL Guaranty FundReservefortheCentralDriveLI.D.
SECTION 1.PARK AND RECREATIONFUND 314:
Transfer from Park and Recreation Fund Capital Projects to Ball field Contract PrincipalLoan Payment.Expenditure -From:594-76-631 To:597-00-920.
Budget AmendedAsAmendedDeductionsAdditionsBudget
$1,115,084 $161,000 $161,000 $1,115,084
SECTION 2.BALL FIELD CONTRACTFUND 273:
Receive fromPark and Recreation Fund for Ball Field Payoff.Revenue:397-00-00-314;Expenditure:591-76-773.
Budget AmendedAsAmendedDeductionsAdditions.Budget
$45,084 $-0-$161,000 $206,084
SECTION 3.GENERAL FUND 000:
Transfer $100,000from Ending F4nd Balance to Transfers to Building Fund.Expenditure:From:608-
00-001 To:5974)0-940.
Budget AmendedAsAmendedDeductionsAdditionsBudget
$8,868,616 $100,000 $100,000 $8,868,616
SECTION 4.PARKAND RECREATIONIMPROVEMENTFUND 314:
Transfer to Interfund Loan Repayments for Funds included in the Original Budget thathave beenchangedtoCapitalProjectsbyapriorordinance.Expenditure:From:594-76-631 To:583-91-794.
Budget AmendedAsAmendedDeductionsAdditionsBudget
$1,115,084 $60,000 $60,000 $1,115,064
SECTION 5.BALLFIELD CONTRACT273:
Transfer tointerfundLoan Repayments.Expenditure:From:591-76-773 to 583-91-794.
Budget AmendedAsAmendedDeductionsAdditionsBudget
$206,084 $40,000 $40,000 $206,084
SECTION 6.GENERAL FUND 000:
Transfer from Ending Fund Balance to Transfer to L.l.Guaranty Fund.Expenditure:From:508-00-001To:597-00-935.
Budget AmendedAsAmendedDeductionsAdditionsBudget
$8,818,616 $140,000 $140,000 $8,818,616
SECTION.7.LL GUARANTY FUNDB21:
Receive from General Fund.Revenue:397-00-00-006;Expenditure:508-00-006 Reserve for BondGuarantee.
Budget AmendedAsAmendedDeductionsAdditionsBudget
$26,327 $-0-$140,000 $166,327
ORD.1722/Page 2
SECTION 8.FIREMAN'SPENSION FUND611:
Receive fromBuilding Fund to Interfund Loan Repayments principal Revenue:381-20-00;Expendi-
ture:508-00-002.
Budget Amended
As Amended Deductions Additions Budget
$553,769 $-0-$100,000 $653,769
SECTION 9.BUILDINGFUND528:
Receive fromGeneral Fund.Revenue:397-00-00-006;Expenditure:583-91-794.
Budget Amended
As Amended Deductions Additions Budget
$3,860,944 $-0-$100,000 $3,960,944
SECTION 10.WATER/SEWER CONSTRUCTION FUND 477:
Receive fromPark and Recreation Fund $60,000and Ball Field Contract$40,000for interfund loan
repayments.Revenue:381-20-00;Expenditure:508-37-008.
Budget Amended
As Amended Deductions Additions Budget
$4,471,675 $-0-$100,000 $4,471,675
SECTION 11.WATERISEWER FUND 410:
Transfer from Ending Fund Balance 413-508-37-001 to Operating Transfers Out413-597-00-927:
$69,258to Fund 451 WIS 1996 BondReserve Fund and $14,027to Fund 450 WIS 1996 Bond Re-
demptionFund for Interest due 10/1/96.
Budget Amended
As Amended Deductions Additions Budget
$6,042,991 $83,285 $83,285 $6,042,991
SECTION 12.WATER/SEWER 1996 RESERVE FUND451:
Add Revenue:OperatingTransfers-In and Expenditures:Ending Fund Balance for Reserve for Debt
Service 451-508-37-005.
Budget Amended
As Amended Deductions .Additions Budget
$-0-$-0-$69,258 $69,258
SECTION 13.WATER/SEWER 1996 BOND REDEMPTION FUND 450:
Add Revenue:Operating Transfers-Inand Expenditures:Interest on Revenue Debt 592-35-832
$14,027.Revenue:Bond Proceeds $15,000;Expenditures:Debt Service Costs $15,000.$15,000 of
the Bond proceeds which are to wire transferredto the Cityon March 27 are to be receipted into this
fund.The balance ofthe proceeds are to be receipted into Fund 477 Water/Sewer Construction Fund
where they are presently budgeted.
Budget Amended
As Amended Deductions Additions Budget
$-0-$-0-$29,027 $29,027
Section 14.This ordinanceshall takeeffect and be in force five (5)days after its passage and publica-
tionof its summary as provided by law.
Adopted by the City Counciland signed by its Mayor on April 9,1996.
ATTEST:Mayor
FÍnanceDirector '
APPRO ED AS TO FORM:
Publish:4/12/96