2014/03/26 Council Agenda Packet

2014 . Budget Adjustments Tally Sheet Department Code Rev Exp FB GGR-16 ISpecial Projects IRe-approp-US 2 Route Development 115R I 134,383 I 134,383 The 2009 Washington State Legislature provided the WSDOT with$400,000 to conduct the US 2- Everett Port/Naval Station to SR 9 Corridor Planning Study. The total budget for the study is$800,000. The funding partnership for the study includes WSDOT,Snohomish County,and the City. The City is contributing up to$200,000 to fund the study. City Council authorized Everett's participation in this agreement on September 1,2010. The intent of the corridor plan is to identify a range of mobility improvements that can be implemented over the next 20 years,as funding becomes available.A prioritized list of low,medium,and high cost improvements will be produced. The recommended improvements and strategies will provide a long range vision for the corridor which can be implemented incrementally using a variety of federal,state,and local funding sources. The City share is being funded from CIP3,through Special Projects Fund 115. This re-appropriation carries forward the remaining budget of$134,383 to 2014. Increase beginning fund balance 115 3080000073 24,514 Increase transfers in 115 3970073002 109,869 Increase intergovernmental payments 115 5730000510 134,383 Department Code. Rev Exp FB GGR-17 Street Improvements IRe-appropriation-Street Projects 119R 550,800 550,800 This re-appropriation carries forward the remaining 2013 budgeted Street Improvement funds to 2014 for street improvement projects. The source of these funds is an allocated share of the motor vehicle fuel tax from Washington State and a General Fund allocation. These funds are used for arterial street projects, sidewalk replacements,parking improvements,traffic accident repairs,non-motorized improvements, traffic signal projects and capital project grant matching funds. Increase beginning fund balance 119 3080000000 550,800 Increase contstruction budget 119 . 5612002953650 550,800 L -1. . . . r. Department Code Rev Exp FB GGR-18 Municipal Arts Re-approp-EPAC Projects 112R 135,000 135,000 As of December 31,2013,the Everett Performing Arts Center fund balance was$139,300. This request re-appropriates$135,000 of the fund balance to provide funding for sound equipment,plaza lighting and programming costs of the plaza concert series and other events throughout the year. Increase beginning fund balance-EPAC 112 3080000000 135,000 Increase equipment budget-EPAC 112 5010000640 135,000 — — — _' ATTAGt-11YIENT A Tally 2014 3/18/2014