HomeMy WebLinkAboutORD 4761 . . . . l
CITY OF RENTON, WASHINGTON
ORDINANCE NO. 4 7 61
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON PROVIDING
FOR THE 1998 YEAR END BUDGET ADJUSTMENTS AND ESTABLISHING
THE WATERWORKS REVENUE PARITY BOND FUND.
SECTION I. The following funds are hereby amended as follows:
� 1998 1998
Fund Adjusted Budget Amended
No. Fund Descri tion Bud et Ad'ustment Bud et
000 General Fund 38,837,537 460,000 39,297,537
215 LTGO Debt 789,270 251,000 1,040,270
302 O en S ace Construction Fund 507,015 110,000 617,015
401 Waterworks Utilit 21,808,715 2,803,000 24,611,715
402 Ai ort Fund 2,220,880 130,000 2,350,880
403 Solid Waste Utilit 7,205,987 700,000 7,905,987
404 Golf Course Fund 2,271,445 100,000 2,371,445
451 Waterworks Parit Bond Fund 0 3,123,000 3,123,000
TOTAL ADJUSTMENTS 7,677,000
TOTAL UNANTICIPATED REVENUE, 7,677,000
TRANSFER OF FUNDS, AND FUND
BALANCE
SECTION II. The monies for the budget adjustments shown in Section I are derived from the
following sources: .
Fund Budget
No. Detail Ad'ustment Source
000 Unanticipated retirement payout to employees and State $350,000 Fund Balance
Retirement S stem.
000 Land Purchase, Black River LID Se re ation, Lot 4 80,000 Fund Balance
000 Limited Term Inspector and Land Use Comp Officer(3 30,000 Fund Balance
months for 1998
215 Transfer to Fund 317 — Sidewalks 251,000 Fund Balance
302 Completion of Authorized Construction Projects (this 110,000 Fund Balance&
action will allow closure of Fund 302) Unanticipated
Revenues
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ORDINANCE NO.: 4 7 61
Continued I
Fund Budget
No. Detail Ad'ustment Source
401 Transfer of E�sting Reserves to Newly Established 3,028,000 Reserved Fund
Fund 451 Balance
401 Reduction of Debt Service Cost for 1998 Resulting (225,000)
from Refundin .
402 Control Tower HVAC ($60,000); and Runway 15 130,000 Fund Balance
Safet Area Im rovement $70,000
403 Pass Through to Contractor for Unanticipated Increase 700,000 Billed Revenue
in Volume.
404 Capital Improvements and Increased Operating Cost 100,000 Additional
Based on Volume. Course Fees
451 Debt Service Payments for all Waterworks Revenue 3,123,000 Transfer from
Bonds 401
SECTION III. City of Renton Ordinance No. 4709 passed March 9, 1998, establishes the
Waterworks Revenue Parity Bond Fund. The fund in designated as Fund 451. The purpose of the fund
is to pay the principal and interest of all Revenue Parity Bonds and to identify the Reserve Fund Balance
required by the bond ordinance. The appropriation in this ordinance establishes the authority to meet
1998 Waterworks Revenue Parity Bond debt service requirements.
SECTION IV. This Ordinance shall be effective upon its passage, approval, and five days after
publication.
PASSED BY�HE CITY COUNCII,this 14th day of December 1998.
� ti
Marilyn J. ter , City Clerk
APPROVED BY THE MAYOR this 14th day of December , 1998.
� ,
7es anner, Mayor
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ORDINANCE NO.: 4 7 61
Approved as to form:
,
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Lawrence J. Warren, City Attorney
DateofPublication: 12/18/98 (Summary)
ORD.750:12/02/98:as.
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