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2279•ORDINANCE NO. 2279 AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY OF MOSES LAKE, WASHINGTON FOR THE YEAR OF 2007 THE CITY COUNCIL OF THE CITY OF MOSES LAKE, WASHINGTON DO ORDAIN AS FOLLOWS: • Section 1. The total amounts of said budget for the year 2006 are as follows: GENERAL FUND $16,573,100 TOURISM ACTIVITIES 861,600 GRANTS AND DONATIONS 271,900 PATHS & TRAILS 324,670 STREET FUND 1,911,900 STREET REPAIR AND RECONSTRUCTION FUND 1,354,700 PARKS FEES 120,000 BASIN HOMES BLOCK GRANT FUND 85,000 CAPITAL PROJECTS 2006 3,550,000 CAPITAL IMPROVEMENT FUND 638,500 PARK AND RECREATION IMPROVEMENT FUND 117,000 WATER/SEWER FUND (M & 0)9,058,600 OPERATIONS COMPLEX CONSTRUCTION 1,120,000 WATER/SEWER CONSTRUCTION FUND 4,585,000 SANITATION FUND 5,373,500 AIRPORT 197,100 AMBULANCE FUND 1,676,800 UNEMPLOYMENT COMPENSATION INSURANCE FUND 428,200 SELF INSURANCE FUND 510,000 CENTRAL SERVICES FUND 1,016,100 EQUIPMENT RENTAL FUND 2,522,800 BUILDING FUND, (M & 0)1,179,200 FIREMEN'S PENSION FUND 372,100 TOTAL $53,847,700 Section 2. The 2007 Budget includes $6,063,300 of operating "transfers-out" which are also budgeted at their point of expenditure or are transferred to non-budgeted debt service accounts. The 2007 Budget provides for internal service fund service expenditures of $5,656,300. These funds provide services for the other funds and are supported by rates included in other budgets, as well as being budgeted as internal service funds. Ending fund balances in operating funds excluding internal service, debt service, and fiduciary funds total $8,191,200 and require further appropriation by the City Council before they can be expended. Section 3. The 2007 Comprehensive Budget for the city as a whole is $35,187,100 which includes an estimated $2,746,600 for debt service expense, continuing capital projects, assessmentfunds and other non- budgeted items. These items are an estimation only and can be changed as necessary without further budget appropriation, unless the total expenditures of a carryover project exceeds the original appropriation. The 2007 Operating Budget including all carry over projects, estimations for debt service and debt service fund balances is $57,966,100. Section 4. The above as an expenditure budget represents estimated expenditures and projected ending fund balances. As a revenue budget they include 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 from the Water/Sewer Fund to the General Fund pursuant to RCW 35.37.020. • its summary as provided by law. onald R. C ne, Finance DVector Ado ted by the City Council and signed by its Mayor on No ATTEST: / /t6t.ia Ronald C. Covey, Mayor 8,2006 Section 7. The budget for the 2007 fiscal year is auuptuu uy 101 GI ORDINANCE 2279 PAGE 2 November 28, 2006 Section 6. Internal service fund rates have been computed for 2007 as directed by the City Manager. The rates by fund and department are spread in the various budgets in the preliminary budget document. The internal service fund rates are hereby confirmed and approved by this ordinance. Section 7. The budget for the 2007 fiscal year is adopted by reference. ection 8. This ordinance shall take effect and be in force five (5) days after its passage and publication of • APP VED AS TO FOR, A 4410P wiar ames . )hitaker, C ity Attorney •