Ordinance 2865-05 - Laserfiche WebLink

2005 Budget Adjustments Tally Sheet Department Code Rev Exp FB GGA-14 Special Projects Amendment-Abatement 115A 50,000 50,000 GGA-14 General Fund Amendment-Abatement 009A (50,000) GGA-14 General Fund Amendment-Abatement 002A (50,000) Historically, the City budgeted $100,000 each year for Demolition and Abatement. These funds generally were underspent, so in the past few years the City has ratcheted down this budget to $25,000. The budget was increased in 2005 to $50,000 based on known commitments. Additional projects have now occurred, and this amendment is to request an additional $50,000 for the 2005 budget. It is anticipated that this budget will be $100,000 for 2006. The Demolition/Abatement budget also includes neighborhood cleanups and recycling. Increase Property Tax Revenue-Special Projects Fund 115 3111000047 50,000 Increase Abatement budget-Special Projects fund 115 5470000410 50,000 Decrease Property Tax revenue-General Fund 002 3111002000 50,000 Decrease Ending Fund Balance-General Fund 009 5980000490 50,000 Department Code Rev Exp FB GGA-15 I Non Dept Exp Amendment-Business Improvement Area 009A 60,000 (60,000) In June 2005, the City Council established the new Business Improvement Area for the purpose of cleaning and maintaining downtown (sidewalks, alleys, weeding, emptying trash containers, removing graffiti, etc). The funding for years 2005, 2006 and 2007 is $175,500 per year. The new basis of assessment to each property owner is 70% assessed value, and 30% lineal footage, with a City of Everett grant of$52,997. The City's annual assessment is $22,003, for a total City cost of $75,000. The 2005 budget for the BIA is $15,000, so this amendment adds $60,000 to the 2005 budget. Increase BIA budget 009 5000040494 60,000 Decrease General Fund Ending Fund Balance 009 5980000490 60,000 ATTACHMENT A Tally 2005.xls 8/12/2005