HomeMy WebLinkAboutORD 4183 � , k
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CITY OF RENTON, WASHINGTON
ORDINANCE NO. 4183
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON
PROVIDING FOR LOCAL IMPROVEMENT DISTRICT (LID) BUDGET ADJUSTMENTS.
WHEREAS, it is necessary and advisable to amend the 1988 Budget by implementing
an accounting change per Governmental Accounting Standards Board (GASB) Statement 6,
Accounting and Financial Reporting for Special Assessments, by establishing and
incorporating LID funds into the 1988 Budget.
SECTION I: The following adjustments are hereby allowed and established:
1.) CREATE AN LID CONSTRUCTION FUND, AND APPROPRIATE.....$1,216,123
2.) CREATE AN LID DEBT SERVICE FUND, AND APPROPRIATE..... 1,995,584
3.) CREATE AN LID GUARANTY fUND, AND APPROPRIATE......... 484,388
TOTAL AMENDMENT TO THE 1988 BUDGET.......................53,696,095
SECTION II: A list of all individual budget adjustments is available for public
review in the Office of the City Clerk, Renton Municipal Building.
SECTION III: This Ordinance shall be effective upon its passage, approval, and five
days after publication.
PASSED BY THE CITY COUNCIL this 17 th day of October, 1988.
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Maxine E. Motor, City Clerk
APPROVED BY THE MAYOR this 17th day of October, 1988.
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Ea���'lymer, Mayor � � � `
Appr v as to form:
Lawrence J. Warr� City Attorney
Date of Publication: October 21, 1988
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b10RKSHEET TO LOCAL IMPROVEMENT DISTRICT (LID) BUDGET ADJUSTMENT ORDINANCE N0. 4 1 8 3
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ACCOUNT DESCRIPTION EXPENDITURES REVENUES
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LID CONSTRUCTION FUND:
320/000/308.00.00.00 Beginning Balance................5 --- S 1,162,828
320/000/361.11.00.00 Investment Interest.............. --- 53,295
320/329/15.541.00.00.00 LID 329/S 43rd St. Improvements.. 573,417 ---
320/330/15.541.00.00.00 LID 330/SW Grady Way Improvements 52,581 ---
320/332/15.541.00.00.00 LID 332/Oakesdate Ave. SN Imprv.. 590,125 ---
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TOTAL LID CONSTRUCTION FUND................................5 1,216,123 S 1,216,123
LID DEBT SERVICE fUND:
220/000/308.00.00.00 Beginning BaLance................5 --- S 982,097
220/000/360.00.00.01 LID Assessments and Interest..... --- 1,013,487
220/000/33.591.00.00.00 LID Principal.................... 1,349,084 ---
220/000/33.592.00.00.00 LID Interest..................... 646,500 ---
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TOTAL LID DEBT SERUICE FUND...............................$ 1,995,584 S 1,995,584
LID GUARANTY FUND:
221/000/308.00.00.00 Beginning Balance................5 --- S 457,388
221/000/361.11.00.00 Investment Interest.............. --- 27,000
221/000/05.508.00.00.00 Ending Balance................... 484,388 ---
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TOTAL LID GUARANTY FUND...................................$ 484,388 $ 484,388
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GRAND TOTAL - ALL LID BUDGET ADJUSTMENTS.........................$ 3,696,095 E 3,696,095