HomeMy WebLinkAboutORD 5314Amends:ORD 5245
CITY OF RENTON,WASHINGTON
ORDINANCE NO.5314
AN ORDINANCE OF THE CITY OF RENTON,WASHINGTON,AMENDING
THE 2007 BUDGET BY TRANSFERRING FUNDS IN THE'AMOUNT OF
$3,173,000 FROM THE 2006 YEAR-END FUND BALANCE FOR THE PURPOSE
OF FUNDING CAPITAL EXPENDITURES BY WATER,WASTEWATER,AND
SURFACE WATER UTILITIES.
WHEREAS,subsequent to review and adoption of the 2007 budget a need to fund
capital expenditures for the Water,Wastewater,and Surface Water utilities was identified,and
WHEREAS,City policy is to reinvest utility revenues into infrastructure improvements,
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON,DOES ORDAIN AS FOLLOWS:
SECTION I.Appropriations in the Water,Wastewater,and Surface Water
Utility Operation Funds and Construction Funds are hereby amended as follows:
2007 Original Budget 2007 Adjusted
Fund Budget Increase Budget
Water Operation Fund expenditure,
405.000000.018.5970.0000.00.000500 $650,000 $1,800,000 $2,450,000
Wastewater Operation Fund expenditure,
406.000000.018.5970.0000.00.000400 $750,000 $963,000 $1,713,000
Surface Water Operation Fund expenditure,
407.000000.018.5970.0000.00.000600 $700,000 $410,000 $1,110,000
Water Construction Fund revenues,
425.000000.000.3970.0000.00.000100 $650,000 $1,800,000 $2,450,000
Wastewater Construction Fund revenues,
426.000000.000.3970.0000.00.000100 $750,000 $963,000 $1,713,000
Surface Water Construction Fund revenues,
427.000000.000.3970.0000.00.000100 $700,000 $410,000 $1,110,000
SECTIONn.Funds for the expendlture hne ltems are hereby added to the 2007
budget and hereby removed from the 2006 year-end fund balance ofthe Operation Funds.
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SECTIONllI.
ORDINANCE NO.5314
Funds for the revenue line items are hereby added to the 2007
budget ofthe Construction Funds.
SECTION IV.An emergency is hereby declared and this ordinance shall become
effective immediately upon its passage and approval.
PASSED BY THE CITY COUNCIL this 5th day of November ,2007.
Bonnie I.Walton,City Clerk
APPROVED BY THE MAYOR this 5 t h day of N_o_v_e_m_b_e_r ____
2007.
Approved as to form:
c:L~~~Lawrence J.Warren,ity Attorney
ORD:1391:1O/09/07:ch
Date ofPublication:11/10/2007 (summary)
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