Ordinance 2865-05 - Laserfiche WebLink

2005 Budget Adjustments Tally Sheet Department Code Rev Exp FB NGA-9 'Criminal Justice Amendment-Narcotics Federal Seizure Fund 156A 48,000 (48,000) This amendment increases the expenditure budget for the Narcotics Federal Seizure Fund by $48,000. $34,600 is for replacing surveillance equipment for the Everett Police Department Special Investigations and General Investigations units. $13,400 is for national CALEA accreditation. These are both appropriate expenditures from this fund which is restricted to certain expenditures. Increase Narcotics Seizure Fund equipment expenditures 156 5241000640 34,600 Increase Narcotics Seizure Fund other expenditures 156 5241000494 13,400 Decrease Ending Fund Balance 156 5980241999 48,000 '14,4:' e; .4°++ I4"�9, 3s"("; Department Code Rev Exp FB NGA-10 Debt Service Fund Amendment-Bond Call 1995 LTGO Bonds 210A 4,025,000 4,025,000 NGA-10 CIP 2 Amendment-Bond Call 1995 LTGO Bonds 162A 4,025,000 (4,025,000) The 1995 LTGO Refunding Bonds refinanced debt originally issued to pay for the Wall Street Building, Fire Stations #2 and #4, and the Library Remodel. $4,025,000 of bonds with maturity dates from 2008 through 2011 are available for call as of August 1, 2005. Debt service for the 1995 LTGO Bonds is paid from CIP 2. CIP 2 has an adequate fund balance to call the bonds; however, a budget amendment is necessary to appropriate the additional expenditure. The benefits of this bond call are: Estimated interest savings of nearly $300,000, and, Release from private activity restrictions on the Wall Street Building four years earlier. Transfer In from CIP 2 to Debt Service Fund 210 3970241155 4,025,000 Pay GO Bond Principal 210 5120241710 4,025,000 Transfer out from CIP 2 to Debt Service Fund 162 5550241550 4,025,000 Decrease Ending Fund Balance 162 5550999490 4,025,000 ATTACHMENT A Tally 2005.xls 8/12/2005