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2019 <br /> Budget Adjustments <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> NGA-27 CIP 4 Amendment-Vera Clinic Startup Costs 162A 672,210 (672,210) <br /> EMS Amendment-Vera Clinic Startup Costs 153A 9,190 (9,190) <br /> Utilities Amendment-Vera Clinic Startup Costs 401A 290,153 (290,153) <br /> Transit Amendment-Vera Clinic Startup Costs 425A 181,182 (181,182) <br /> Golf Amendment-Vera Clinic Startup Costs 440A 13,129 (13,129) <br /> Motor Vehicle Dept. Amendment-Vera Clinic Startup Costs 501A 28,884 (28,884) <br /> Telecommunications Amendment-Vera Clinic Startup Costs 507A 5,252 (5,252) <br /> ,Costs for the new Vera clinic are being distributed between the funds based on the number of HMA participants.Total <br /> estimated start-up costs are$1.2 million,with most costs being incurred prior to the end of the year. The estimated <br /> start-up costs are higher than the original estimate because a larger,undeveloped space was selected. VERA has <br /> agreed to cover cost overruns exceeding$1.2 million. <br /> Increase fund expenditure accounts 1,200,000 <br /> Decrease ending fund balance accounts 1,200,000 <br /> Department Code Rev Exp FB <br /> NGA-28 Debt Service Fund Amendment-2014 Variable Rate Debt Refunding 210A 25,814,630 25,814,630 <br /> The City undertook a refunding of its outstanding 2014 Variable Rate bonds in October of this year. The bonds were <br /> originally issued to refinance its outstanding 2003 Variable Rate Demand Bonds and to refinance the Everett Public <br /> Facilities District's outstanding 2007 Project Revenue Bonds. The refunding bonds were sold at auction on October 15, <br /> 2019. The average rate on the new bonds is 2.13%. <br /> This amendment will provide the budget authority to account for this transaction. <br /> Increase transfers in 210 3970270000 1,437,664 <br /> Increase refunding principal proceeds 210 3930270000 20,070,000 <br /> Increase refunding premium proceeds 210 3920270000 4,306,966 <br /> Increase bond principal payments 210 5120260710 25,630,000 <br /> Increase bond interest payments 210 5120260830 12,288 <br /> Increase bond issuance cost 210 5120270890 172,342 <br /> ATTACHMENT A <br /> Tally 2019 11/13/2019 <br />