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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 11 <br /> PROJECT TITLE: p <br /> Consent COUNCIL BILL# C6C6Cp_ 6 <br /> An Ordinance approving the Action Originating Department Finance <br /> appropriations of the 2005 8/31/05 First Reading Contact Person Debra Bryant <br /> revised City of Everett Budget 9/07/05 Second Reading Phone Number 257 8608 <br /> and amending Ordinance No. 9/14/05 Third Reading FOR AGENDA OF 8/31/05 <br /> 2830-05. Public Hearing <br /> Initialed by: <br /> Department Head ;1 = <br /> CAA <br /> Council President <br /> Location Preceding Action Attachments Department(s) Approval <br /> Budget Committee Attachment A <br /> Expenditure Required $373,990,189 Account Number(s): <br /> Budgeted Amount $365,552,451 <br /> Budget Remaining <br /> Additional Required $ 8,437,738 <br /> DETAILED SUMMARY STATEMENT: <br /> The attached proposed ordinance is to amend to City of Everett 2005 Operating Budget. The budget <br /> amendment includes: <br /> • General Government re-appropriation from 2004 to 2005 of($5,235). <br /> • General Government amendments increasing the revenue budget by$524,488, increasing the <br /> expenditure budget by$527,488, with no change to the General Government Ending Fund Balance. <br /> • Other Funds - Re-appropriation from 2004 to 2005 totaling to $5,235. <br /> • Other Funds - Amendments increasing revenue budgets by$7,913,250, and expenditure budgets by <br /> $14,596,900, thereby decreasing other non-general Fund Balances by$6,683,650; and resulting in the <br /> reduction of external debt by$9,025,000, and net debt reduction of$5,324,750. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Adopt the proposed ordinance approving the appropriations of the 2005 revised City of Everett Budget and <br /> amending Ordinance No. 2830-05. <br /> f3 <br />