During our development of the 2016 preliminary budget, which requires analysis of 2015 budget trends and estimates, we noted several instances where additional appropriation is warranted so funds remain within budget at the end of 2015. In most cases there is additional revenue to support the additional expenditures, either in program revenues or grants. In the few cases that are not supported by additional revenue, the fund balance is adequate to absorb the increase.
General Fund is estimated to come in below budget because of cost containment measures instituted because utility tax revenues are not meeting estimates. Therefore, we are not proposing additional appropriations in General Fund.
We are asking for appropriation for the following purposes:
| Parks & Recreation Fund |
Beyond the Bell after school program (supported by fee revenue) |
$20,000
|
| Arterial Street Fund |
West Valley Middle School vicinity Traffic Safety Improvements (92% grant funded) |
$609,000
|
| Arterial Street Fund |
North 1st Street Phase 2 (100% grant funded) |
$885,000
|
| Convention Center Ops Fund |
Electricity bill-Hot Summer--Use of Fund balance |
$10,850
|
| Capitol Theatre Ops Fund |
Mid-year lease adjustment for CTC offices--funded by additional Hotel/Motel Tax |
$10,000
|
| Parks Capital Fund |
Soccer Park Acquisition and Development-SOZO project--funded by General Obligation Bonds |
$5,000,000
|
| Environmental Fund |
Additional Clean-up of Tiger Mart sites-funded 100% by Dept. of Ecology Grant |
$550,000
|
| Wastewater Op. Fund |
Additional Transfer to WW Facility Capital Fund- supported by additional revenue from rates/charges |
$1,000,000
|
In addition, the Downtown Plaza project should have been added to the Central Business District Capital Fund, but was erroneously included in the REET 2 Fund because REET 2 was the City's match of a community donation to complete the preliminary design. Because we are prohibited by law to move budget between funds, we are submitting a housekeeping appropriation that moves the entire project to the CBD capital fund.
The attached appropriation adds these items to the 2015 budget, which increases the total City expenditure budget by $8,484,850, while the revenue budget is increasing by $8,428,000, with a net use of reserves Citywide of only $56,850 ($46,000 of Gas Tax in the Arterial Street Fund and $10,850 in the Convention Center Operating Fund). |