|
• 2005
<br /> Budget Adjustments r
<br /> Tally Sheet I J
<br /> Department Code Rev Exp FB
<br /> GGA-14 Special Projects Amendment-Abatement 115A 50,000 50,000
<br /> GGA-14 General Fund Amendment-Abatement 009A (50,000)
<br /> GGA-14 General Fund Amendment-Abatement 002A (50,000)
<br /> Historically, the City budgeted $100,000 each year for Demolition and Abatement. These funds
<br /> generally were underspent, so in the past few years the City has ratcheted down this budget to
<br /> $25,000. The budget was increased in 2005 to $50,000 based on known commitments.
<br /> Additional projects have now occurred, and this amendment is to request an additional $50,000
<br /> for the 2005 budget. It is anticipated that this budget will be $100,000 for 2006. The
<br /> Demolition/Abatement budget also includes neighborhood cleanups and recycling.
<br /> Increase Property Tax Revenue-Special Projects Fund 115 3111000047 50,000
<br /> Increase Abatement budget-Special Projects fund 115 5470000410 50,000
<br /> Decrease Property Tax revenue-General Fund 002 3111002000 50,000
<br /> Decrease Ending Fund Balance-General Fund 009 5980000490 50,000
<br /> c�u�i irl .: ? �'� ti hi �,..'r'�c s fENE21
<br /> .s'ex ,y�i, "V'��b," �.cF' '"��� r4,4�'a%��,.,-:y..✓��"�;?,�� r::�#.�;,.. ��T�,���E,k�..��w�w.�,.l �a� ��',.�i.�,: .�'�'�ui"'``. 3' k•,_::�3 0 ir.^��3��
<br /> Department Code Rev Exp FB
<br /> GGA-15 Non Dept Exp Amendment-Business Improvement Area 009A 60,000 (60,000)
<br /> In June 2005, the City Council established the new Business Improvement Area for the purpose of
<br /> cleaning and maintaining downtown (sidewalks, alleys, weeding, emptying trash containers,
<br /> removing graffiti, etc). The funding for years 2005, 2006 and 2007 is $175,500 per year. The new
<br /> basis of assessment to each property owner is 70% assessed value, and 30% lineal footage, with a
<br /> City of Everett grant of$52,997. The City's annual assessment is $22,003, for a total City cost of
<br /> $75,000. The 2005 budget for the BIA is $15,000, so this amendment adds $60,000 to the 2005
<br /> budget.
<br /> Increase BIA budget 009 5000040494 60,000
<br /> Decrease General Fund Ending Fund Balance 009 5980000490 60,000
<br /> 3
<br /> ATTACHMENT A
<br /> Tally 2005.xls 8/12/2005
<br />
|