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HomeMy WebLinkAbout4619 Ordinance - 2023-2024 Biennial Operating Budget ORDINANCE NO. 4619 AN ORDINANCE OF THE CITY OF PASCO, WASHINGTON, APPROVING THE OPERATING BUDGET FOR THE 2023-2024 BIENNIUM. WHEREAS, subsequent to due notice and public hearing thereon, the City Council for the City of Pasco seeks to approve an operating budget for the 2023-2024 biennium. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON DO ORDAIN AS FOLLOWS: Section 1. The following budget containing the totals set forth for each fund for the 2023-2024 biennium is hereby adopted. OPERATING BUDGET FOR 2023-2024 Budgeted Revenues& Expenditures Budgeted Beginning Resource &Resource Ending Fund Fund Fund Balance Inflows Outflows Balance General Fund 28,595,133 179,585,702 189,884,556 18,296,279 Street 698,779 4,967,167 5,159,227 506,719 Arterial 1,591,202 1,246,749 1,537,491 1,300,460 I-182 Impact 2,484,511 1,149,881 2,230,094 1,404,298 Street Overlay 2,403,952 2,270,074 3,462,717 1,211,309 CDBG 548,369 2,743,200 2,073,658 1,217,911 Martin Luther King Center 18,018 344,600 275,728 86,890 Ambulance 5,745,545 25,705,282 25,011,609 6,439,218 ARPA 35,000 422,712 402,711 55,001 Cemetery 355,474 826,552 781,788 400,238 Boulevard Maintenance 2,269,483 150,605 241,604 2,178,484 Athletics 176,649 358,435 320,453 214,631 Golf course 145,810 200,000 232,964 112,846 Animal Shelter Operations 0 4,024,808 3,962,808 62,000 Senior Center 194,228 237,159 431,112 275 Multi Modal 397,694 421,401 224,539 594,556 SchoolImpact 69,549 3,562,600 3,549,714 82,435 Pasco Marina (32,137) 61,332 29,195 0 Lodging 0 1,070,774 1,070,774 0 Litter Abatement 71,407 35,824 33,964 73,267 Revolving Abatement 852,828 750,115 1,044,937 558,006 TRAC 366,838 540,646 545,322 362,162 Park Development 1,372,180 1,130,250 1,201,748 1,300,682 Ordinance--2023-2024 Operating Budget- 1 CapitalImprovement 1,851,650 9,303,320 11,665,505 (510,535) REET Economic Development 13,619,949 3,150,402 3,700,815 13,069,536 Stadium/Convention 1,426,943 66,381 1,271,937 221,387 Center Hotel/Motel Excise Tax 536,733 1,526,124 1,735,731 327,126 LID 0 167,986 167,986 0 General Capital 0 87,513,840 87,513,840 0 Im rovement Utility Fund Total 31,129,135 218,865,288 228,096,209 21,898,214 Equipment O&M Govt (256,933) 4,436,152 5,297,522 (1,118,303) Equipment O&M 0 384,400 378,400 6,000 Ente� rise Equipment Replacement 15,205,716 3,817,529 2,909,860 16,113,385 Govt Equipment Replacement 5,544,038 1,699,533 940,296 6,303,275 Entet rise Medical/Dental 4,009,192 12,499,640 12,434,652 4,074,180 Central Stores 13,012 0 1,000 12,012 Old Fire Pension 4,024,383 274,002 179,905 4,118,480 Old Fire OPEB 4,516,186 104,000 328,138 4,292,048 Cemetery Endowment 680,837 42,000 0 722,837 Total Fund Balance 130,661,353 575,656,465 600,330,509 105,987,309 Section 2. The City of Pasco's 2023-2024 Operating Budget shall be in full force and effect on January l, 2023. Section 3. This Ordinance shall take effect five (5) days after approval, passage and publication as required by law. PAS5ED by the City Council of the City of Pasco, Washington, this 28th day of November, 2022. - , : Blanche Barajas Mayor ATT ST: APPROVED AS T FORM: `"� � f �1 � � Debra Barham, CMC Kerr F uson Law, PLLC City Clerk Attorneys / Published: �I,r.�]c�a C �' �2� Ordinance—2023-2024 Operating Budget-2