HomeMy WebLinkAboutORD 5389Amends ORD 5325
CITY OF RENTON,WASHINGTON
ORDINANCE NO.5389
AN ORDINANCE OF THE CITY OF RENTON,WASHINGTON,
AMENDING THE FISCAL YEAR 2008 ANNUAL BUDGET AS
ADOPTED BY ORDINANCE NO.5325,BY TRANSFERRING FUNDS
FROM THE 2007 YEAR-END FUND BALANCE TO THE FIREMEN'S
PENSION FUND IN THE AMOUNT OF $75,000,FOR THE PURPOSE
OF MEETING PENSION OBLIGATIONS.
WHEREAS,on December 10,2007,the City Council adopted Ordinance 5325
approving the 2008 Annual Budget;and
WHEREAS,subsequent to review and adoption of the 2008 budget,a need to clarify
information related to the calculation of pension payments was identified;and
WHEREAS,this funding was not provided for in the original 2008 budget;
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON,DOES ORDAIN AS FOLLOWS:
SECTION I.
as follows:
Appropriation in the Firemen's Pension Fund is hereby increased
2008
Original Budget 2008 Adjusted
Fund Budget Increase Budget
611.000000.005.5170.0021.20.000011 $477,400 $75,000 $552,400
Source of funds:2007 year-end fund balance
SECTION II.Funds for this line item are hereby added to the 2008 budget and
hereby removed from the 2007 year-end fund balance.
SECTION III.This ordinance shall be effective upon its passage,approval,and
five (5)days after publication.
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ORDINANCE NO.5389
PASSED BY THE CITY COUNCIL this 16th day of J _un_e .,2008.
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Bonnie 1.Walton,City Clerk
APPROVED BY THE MAYOR this 16th day of Ju_n_e ,2008.
~d as to form:
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Lawrence J.Warren,City Attorney
Date of Publication:6/21/2008 (summary)
ORD:1477:5/23/08:scr
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