HomeMy WebLinkAbout4607 Ordinance - Amending 2021-2022 CIP Budget for Citywide Ph 2 ProjectORDINANCE NO. 4607
AN ORDINANCE AMENDING THE 2021-2022 BIENNIAL BUDGET
(ORDINANCE NO. 4560) OF THE CITY OF PASCO, WASHINGTON, BY
PROVIDING SUPPLEMENT THERETO; AND TO PROVIDE ADDITIONAL
APPROPRIATION IN THE CITY'S GENERAL CIP FUND FOR THE TRAFFIC
SIGNAL IMPROVEMENTS — CITY WIDE PHASE 2 PROJECT.
WHEREAS, on December 7, 2020, the Pasco City Council approved Ordinance No. 4503,
adopting the 2021-2022 Biennial Budget; and
WHEREAS, on November 22, 2021, the Pasco City Council approved Ordinance No.
4560, adopting the 2021-2022 Biennial Budget Amendment; and
WHEREAS, the 2021-2022 Amended Biennial Budget included the Traffic Signal
Improvements City Wide (Phase 2) in the amount of $3,393,007 with revenue anticipated from
Arterial and I-182 Impact Funds, and HIP, ST13G, and TAP grants; and
WHEREAS, current project costs exceed the originally anticipated costs, due to market
conditions, equipment availability, and time elapsed since creation of the project; and
WHEREAS, the City is pursuing an increase of funds to cover construction costs
anticipated to be expended in 2023; and
WHEREAS, such funds are available in the Capital Improvement (REET) Fund of which
$2,100,000 of this fund is available for use in the General Construction Fund; and
WHEREAS, pursuant to RCW 35A.34.200(3) the City Council may, upon a majority plus
one vote, by way of ordinance amend its biennial budget to allow transfers between funds, where
doing so is in the best interest of the City, without limitation to department, division, or fund
unless such monies are by law, charter or ordinance restricted to a different purpose; and
WHEREAS, the City Council finds that such interfund transfer pursuant to 35A.34.200(3)
is in the best interest of the City of Pasco as it ensures successful and timely completion of a
necessary Capital Improvement Project.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO,
WASHINGTON DO ORDAIN AS FOLLOWS:
Section 1. Pursuant to RCW 35A.34.200(3), the 2021-2022 Biennial Budget be and the
same is hereby amended to provide for the following adjustments to revenues, transfers in,
expenditures, and transfers out by providing authority for any necessary transfer of money within
or between funds indicated, and their subsequent impact to end fund balance:
Ordinance — 2021-2022 Capital Projects Budget Amendment
17 014 Traffic Signal Improvements — Citywide Phase 2 - 1
Fund EXPENDITURE REVENUE
GENERAL CONSTRUCTION FUND $2,100,000 $2,100,000
CAPITAL IMPROVEMENT (REST) FUND $2,100,000
Total $4,200,000 $2,100,000
Section 2. That the additions in appropriations and expenditures are hereby declared to
exist in the above funds for the said uses and purposes as shown above, and the proper City
officials are hereby authorized and directed to issue warrants and transfer funds in accordance
with the provision of the Ordinance.
Section 3. Except as amended herein, Ordinance No. 4560 as previously adopted
heretofore shall remain unchanged.
Section 4. This Ordinance, being an exercise of a power specifically delegated to the City
legislative body, is not subject to referendum, and shall take full force and effect five (5) days after
approval, passage, and publication as required by law.
PASSED by the City Council of the City of Pasco, Washington this 19th day of September
19, 2022.
Cf'A.' M4 bARI 6-1 Z/'�
Blanche Barajas
Mayor
ATTEST:
c.Oti
Debra harham, CMC
City Clerk
Published: 9122-12-2—
Ordinance
122122
APPROVED AS TO FORM:
City
Fergys6rrLaw, PLLC
Ordinance — 2021-2022 Capital Projects Budget Amendment
17 014 Traffic Signal Improvements — Citywide Phase 2 - 2