1788_00001ORDINANCE NO.1788
AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY OF MOSES LAKE,WASHINGTON FOR THE YEAR OF 1998
THE CITY COUNCILOF THE CITY OF MOSESLAKE,WASHINGTON DO ORDAINAS FOLLOWS:
Section 1.The totalamounts of said budget forthe year 1998 are as follows:
GENERAL FUND $10,287,410STREETFUND927,804PATHS&TRAILS 15,000STREETREPAIRANDRECONSTRUCTIONFUND558,000OBASINHOMESBLOCKGRANTFUND4,800
CONVENTION CENTER FUND,SPECIAL REVENUE 137,000
CONVENTION CENTER,CAPITALIMPROVEMENT 110,000CAPITALIMPROVEMENTFUND89,900
STREET IMPROVEMENT FUND 1,804,205PARKANDRECREATIONIMPROVEMENTFUND265,000
CENTRAL DRIVE LID 39,400WATER/SEWER FUND(M&O)5,985,745WATER/SEWERCONSTRUCTION FUND 4,765,000SANITATIONFUND2,161,500
AIRPORT 14,890UNEMPLOYMENTCOMPENSATIONINSURANCEFUND328,000
SELF INSURANCE FUND 686,640CENTRALSERVICESFUND688,389EQUIPMENTRENTALFUND1,325,210BUILDINGFUND,(M &O)952,600BUILDINGFUNDCONSTRUCTIONPROJECTS83,000
FIREMEN'S PENSION FUND 523,000MRKPARKTRUST68,000MOSESLAKEYOUTHPARTNERSHIP36,200TOTAL$31,856,693
Section 2.The 1998 Budget includes $4,918,609ofoperating "transfers-out"which are also budgeted at theirpointofexpenditureoraretransferredtonon-budgeted debt service accounts.The 1998 Budget provides forinternalservicefundserviceexpendituresof$4,063,839.These funds provide services for the other fundsOandaresupportedbyratesincludedinotherbudgets,as well as being budgeted as internal service funds.Ending fund balances in operating funds excludinginternal service funds total$1,090,145and require furtherappropriationbytheCityCouncilbeforetheycanbeexpended.
Section 3.The 1998 Comprehensive Budget for the city as a whole is $18,969,428which includes anestimated$2,802,433for debt serviceexpense,continuingcapital projects,assessment funds and other non-budgeteditems.These items are an estimationonly and can be changed as necessary without further budgetappropriation,unless the totalexpendituresof a carryoverproject exceeds theoriginalappropriation.
The 1998 Operating Budget including all carry overprojects,estimations for debt service and debt service fundbalancesis$38,648,285.
Section 4.The above as an expenditure budget represents estimated expenditures and projected ending fundbalances.As a revenue budget theyinclude estimated receipts and estimated beginning fund balances.Expenditure and Revenue Budgets are equal or are in balance in all funds.
Section 5.The budget includes a transfer fromtheWater/Sewer Fund to theGeneral Fund pursuant toRCW35.37.020.
Section 6.Internal service fund rates have been computed for 1998 as directed by the City Manager.Theratesbyfundanddepartmentarespreadinthevariousbudgetsinthepreliminarybudgetdocument.Theinternalservicefundratesareherebyconfirmedandapprovedbythisordinance.
Section 7.The budget for the 1998 fiscal year is adopted by reference.
Section 8.This ordinance shall takeeffect and be in force five (5)days after its passage and publication ofitssummaryasprovidedbylaw.
Adopted by theCity Counciland signed by its Mayor on November 25,1997.
May
financeDirector
AP VED AS TO FR :
orneys Published 11/28/97