HomeMy WebLinkAbout4534 Ordinance - 2021-2022 Supplemental Operating Budget LID 151 Interim FinancingORDINANCE NO. 4534
AN ORDINANCE AMENDING THE 2021-2022 BIENNIAL
OPERATING BUDGET (ORDINANCE NO. 4503) OF THE CITY OF
PASCO, WASHINGTON, BY PROVIDING SUPPLEMENT THERETO; TO
PROVIDE ADDITIONAL APPROPRIATION IN THE CITY'S GENERAL
AND UTILITY FUND FOR THE INTERIM FINANCING OF LOCAL
IMPROVEMENT DISTRICT NO 151.
WHEREAS, on March 2, 2020, the Pasco City Council approved Ordinance No. 4483,
establishing Local Improvement District (LID) No. 151, and ordering the carrying out of proposed
construction of a new sanitary sewer trunk line and other sewer improvements at Broadmoor area.
WHEREAS, on December 7, 2020, the Pasco City Council approved Ordinance No. 4503,
adopting the 2021-2022 Biennial Budget.
WHEREAS, on December 7, 2020, Council awarded the bid to construct the project to
Big D's Construction of Tri -Cities.
WHEREAS, the Pasco Finance Department staff have determined sufficient funds are
available in the General Fund to invest in Bond Anticipation Notes (BAN) to fund the project in
an interim basis until the project is complete and LID bonds can be issued.
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 Operating 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:
FUND EXPENDITURE REVENUE
GENERAL FUND 3,285,273
UTILITY FUND 3,285,273
Total 3,285,273 3,285,273
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. 4503 as previously adopted
heretofore shall remain unchanged.
Ordinance — 2021-2022 Operating Budget Amendment — 1
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.
Adopted by the City Council of the City of Pasco, Washington this 3rd day of May, 2021.
Saul Martinez
Mayor
ATTEST: f
Debra Barham, CMC
City Clerk
Published: '516 /Z0 -Z/
Ordinance — 2021-2022 Operating Budget Amendment — 2
A P P R RM:
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Kerr Fer C
City Attorney