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2007 <br />Budget Adjustments <br />Tally Sheet <br />GGA -1 <br />Department <br />I Gen Fund JAmendment <br />- Property Tax <br />Code <br />002A <br />Rev Ex FB <br />303;940 <br />GGA -1 <br />INonDeptGenFund I <br />Amendment -Property Tax <br />009A <br />303,940 <br />The City has received notification of the actual 2008 Property Tax assessment. The assessment <br />is $346,154 greater than budgeted. Of this amount, $303,940 is allocated to the General Fund, <br />and $42,214 is allocated to EMS. This increase is mainly due to new construction. <br />See NGA 1. <br />I <br />BUDGET JOURNAL ENTRY: DEBIT CREDIT <br />Increase Property Tax Revenue -.General Fund 002 3111002000 303,940 <br />Increase Ending Fund Balance - General Fund 009 5980000490 303,940 <br />Department Code Rev Ex FB <br />GGA -2 Plannino iAmendment -DOE Grant -Marshlands 021A . 1901000 <br />GGA -2 General fund Amendment -DOE Grant -Marshlands 00A 199;000 <br />On January 9, 2008, City Council authorized the Mayor to sign a grant agreement with the state <br />Department of Ecology for $199,000 to accomplish the Marshlands Sub -area Plan. <br />This amendment adds $199,000 to the Planning Dpartment 021 budget to cover consultant <br />expenses for this project. <br />Increase Professional Svcs budget - Planning <br />Increase Grant Budget <br />ATTACHMENT A <br />Tally 2008.xis 413/200B <br />021 5010445410 <br />002 3340310445 <br />