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2013 <br /> Budget Adjustments <br /> 1 Tally Sheet <br /> Department Code Rev Exp FB <br /> NGA-4 ICIP 3 IAmendment-Park Projects 154A 64,000 I (64,000) <br /> This amendment increases the CIP 3 expenditure budget for the following: <br /> $4,000 for the Bayside Park Phase II project as approved by Plans and Systems Ordinance <br /> 3330-13. <br /> $60,000 for the Garfield Park Playground project as approved by Plans&Systems Ordinance <br /> 3331-13. <br /> Increase CIP 3 transfers out 154 5354010550 64,000 <br /> Decrease ending fund balance 154 5990000490 64,000 <br /> f , --� -°0,4'wwggs *'*--v-4» ;off„ a+ a — ss • 5 r:wsa <br /> Department Code Rev Exp FB <br /> NGA-5 !Senior Ctr Reserve !Amendment-Hearing Loop System 149A 5,000 (5,000) <br /> The Senior Center received an $11,000 grant from Snohomish County Human Services to support <br /> the purchase and installation of an electrical loop hearing aid system that will allow people with <br /> hearing aids to hear announcements,entertainment and information in the senior center. <br /> Council approved this award at the February 20, 2013,Council meeting. <br /> Because of the odd shape of the room and unforeseen circumstances an additional $5,000 is <br /> needed to complete the system. This amendment requests approval of using Senior Center <br /> Reserve funds to complete the project. <br /> Increase equipment budget 149 5530000494 5,000 <br /> Decrease ending fund balance 149 5980000490 5,000 <br /> DepartmentCode Rev Exp FB <br /> NGA-6 !Library Reserve Amendment-Endowment Funds Transfer 152A I 386,000 I (386,000) <br /> Over the years the City Library has received several bequests. In the absence of a library <br /> foundation,the funds have been invested by the City in accordance with accepted government <br /> practice which places strict limits on how such funds may be invested. <br /> The Library Board of Trustees would like to transfer the Koffski and Nordlund endowments to the <br /> Greater Everett Community Foundation (GECF)to invest. GECF already holds most of the <br /> library's endowment funds,and has proven to be both a good steward of these funds and able to <br /> realize higher earnings than the City in most years. The funds will be used in the same way that <br /> they have under City stewardship. The Nordlund endowment supports local history and <br /> gardening, and the Koffski endowment supports library programs and staff training. <br /> Increase miscellaneous expenditures(close Koffski fund) 152 5747494494 329,500 <br /> Increase miscellaneous expenditures(close Nordlund fund) 152 5750000494 56,500 <br /> Decrease ending fund balance 152 5980740490 329,500 <br /> Decrease ending fund balance 152 5980750490 56,500 <br /> • <br /> ATTA6HMENT A <br /> Tally 2013 8/12/2013 <br />