TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Chip Corder
425-556-2189
DEPARTMENT STAFF:
Finance
Haritha Narra
Financial Planning Manager
Finance
Marissa Flynn
Senior Financial Analyst
TITLE:
title
Adoption of an Ordinance for a 2021-2022 Budget Adjustment
a. Ordinance No. 3099: An Ordinance of the City Council of the City of Redmond, Washington, Amending Ordinance Nos. 3026, 3041, 3042, 3045, 3046, 3047, 3048, 3049, 3050, 3051, 3069, and 3076 by Making Adjustments to the City's 2021-2022 Biennial Budget, in Exhibit 1
OVERVIEW STATEMENT:
The purpose of this budget adjustment is to formally recognize $29.8M of new and increased revenue sources, increase the budget for projects and programs previously approved by the Council, increase the budget for a new City need, and make minor corrections identified throughout the biennium.
New and Increased Revenue:
* Microsoft Vaccination Site - $701,990
o The City has been reimbursed for Police and Fire Department overtime incurred while staffing the Microsoft Vaccination site beginning in 2021. This adjustment will increase both revenue and expenditure budgets in the General Fund.
* Traffic Operations Knock Downs - $57,742
o When traffic signals are hit and knocked down by motorists, insurance recoveries are accumulated in the City's Risk Insurance Fund. This adjustment recognizes budget for these reimbursements, transfers the revenue to the General Fund, and increases the Traffic Operations budget where repairs and replacements of the damaged equipment were charged.
* Fire Station 16 FEMA Grant - $1,796,436
o The City was awarded a Federal Emergency Management Agency (FEMA) grant, which was accepted by Council on April 19, 2022, to aid in seismic upgrades to Fire Station 16. This adjustment will increase both revenue and expenditure budgets in the General Government CIP Fund.
* 90th Street Paving Grant - $146,000
o The City was awarded a Puget Sound Regional ...
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