2012/04/11 Council Agenda Packet

BV1;.R -YP CITY COUNCIL:AGENDA ITEM COVER.SHE_ET . :. PROJECT TITLE: An Ordinance approving the 4/11/12 Briefing COUNCIL BILL# Cbv-22.-(pacm — appropriations of the 2012 Proposed Action Originating Department. Finance revised.City of Everett Budget Consent Contact Person Debra Bryant and amending Ordinance No. Action Phone Number 257 - 8608. 3248-11. 4/11/12 First Reading FOR AGENDA OF 4/11,4/18,4/25 4/18/12 Second Reading 4/25/12 Third Reading • Public Hearing Budget Advisory Initialed by: Department Head CAA Council President Location Preceding Action Attachments Department(s)Approval Attachment A Amount Budgeted $'146,678,653 Expenditure Required $468,276,502 I Account Number(s): See Attachment A Budget Remaining -0- Additional Required $21,597,849 DETAILED SUMMARY STATEMENT: The proposed ordinance amends the City of Everett 2012 Operating Budget as follows: • General Government re-appropriations from 2011 to 2012, carrying forward$6,925,451,increasing the revenue budget by$797,127,increasing the expenditure budget by$7,722,578,with no change to the General Government Ending Fund Balance. • General Government amendments increasing the revenue budget by$373,492,increasing the expenditure budget by$373,492,with no change to the General Government Ending Fund Balance. • Other Funds—Re-appropriations from 2011 to 2012,carrying forward$12,701,779,increasing revenue budgets by$800,000,increasing expenditure budgets by$13,501,779,with no changes in ending fund balances. • Other Funds -Amendments increasing expenditure budgets by$144,000 and decreasing ending fund balances by$144,000 RECOMMENDATION(Exact action requested of Council): Adopt an ordinance approving the appropriations of the 2012 revised City of Everett Budget and amending Ordinance No. 3248-11. 1