2008/04/30 Council Agenda Packet

EYEI TT ITS` C L ENDA ITEM, Coy PROJECT TITLE: An Ordinance approving the appropriations of the 2008 revised City of Everett Budget and amending Ordinance No. 3044-07. Location Preceding Action Attachments Budget Committee Attachment A February 13, March 26 Department(s) Approval Expenditure Required Consent COUNCIL BILL 4 Budgeted Amount 04/30/08 Action Originating Department Finance 04/16/08 First Reading Contact Person Debra Bryant 04/23/08 Second Reading Phone Number 2578608 04/30/08 Third Reading FOR AGENDA OF 04/16/08 Public Hearing Initialed by: Department Head CAA ii Council President Location Preceding Action Attachments Budget Committee Attachment A February 13, March 26 Department(s) Approval Expenditure Required $502,270,707 Account Number(s): various – See attachment A Budgeted Amount $488,076,520 Budget Remaining Additional Required $ 14,194,187 DETAILED SUMMARY STATEMENT: The attached proposed ordinance is to amend the City of Everett 2008 Operating Budget. The budget amendment includes: • General Government re -appropriations from 2007 to 2008 of $1,943,959. • General Government amendments increasing Ithe revenue budget by $1-923$9,-incr-e-a-s ng the ---- — - - expenditure budget by $1,499,933, thereby increasing the General Government Ending Fund Balance by $424,056. • Other Funds - Amendments increasing revenue budgets by $5,504,964, and expenditure budgets by $11,910,500, thereby decreasing other non -general Fund Balances by $6,405,536. • Other Funds - Re -appropriations from 2007 to 2008 totaling to $4,821,275. RECOMMENDATION (Exact action requested of Council): Adopt an ordinance approving the appropriations of the 2008 revised City of Everett Budget and amending Ordinance No. 3044-07. i