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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