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File #: AM No. 20-146   
Type: Consent Item Status: Passed
File created: 10/22/2020 In control: City Council
On agenda: 11/17/2020 Final action: 11/17/2020
Title: Adoption of an Ordinance Amending Ordinance No. 2943 and Ordinance No. 2972 by Making Adjustments to the City's 2019-2020 Biennial Budget a. Ordinance No. 3011: An Ordinance of the City Council of the City of Redmond, Washington, Amending Ordinance No. 2943 and 2792, by Making Adjustments to the City's 2019-2020 Biennial Budget, in Exhibit 1
Attachments: 1. Agenda Memo, 2. Attachment A: Ordinance, 3. Exhibit 1: Summary of 2019-2020 Budget Adjustments, 4. Exhibit 2: Description of 2019-2020 Budget Adjustment #2
TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Malisa Files
425-556-2166

DEPARTMENT STAFF:
Finance
Kelley Cochran
Deputy Finance Director
Finance
Marissa Flynn
Senior Financial Analyst


TITLE:
title
Adoption of an Ordinance Amending Ordinance No. 2943 and Ordinance No. 2972 by Making Adjustments to the City's 2019-2020 Biennial Budget

a. Ordinance No. 3011: An Ordinance of the City Council of the City of Redmond, Washington, Amending Ordinance No. 2943 and 2792, by Making Adjustments to the City's 2019-2020 Biennial Budget, in Exhibit 1



OVERVIEW STATEMENT:
recommendation
Periodically the Finance Department adjusts the budget to recognize revenue and expenditure changes during the biennium. These adjustments can either increase or decrease each of the City's budgeted funds as shown in Exhibit 1. The changes in this budget adjustment include minor housekeeping changes and items previously approved by Council. The details of each adjustment are outlined in Exhibit 2.
body

? Additional Background Information/Description of Proposal Attached


REQUESTED ACTION:

? Receive Information ? Provide Direction ? Approve


REQUEST RATIONALE:

* Relevant Plans/Policies:
Fiscal Policies
* Required:
RCW 35A.33.120 Funds-Limitations on expenditures-Transfers and adjustments.
* Council Request:
N/A
* Other Key Facts:
N/A


OUTCOMES:
This budget adjustment is necessary to align City financial records with decisions made by the Council and sync anticipated revenues with actual results.


COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:

* Timeline (previous or planned):
N/A
* Outreach Methods and Results:
N/A
* Feedback Summary:
N/A


BUDGET IMPACT:

Total Cost:
$8,006,838

Approved in current biennial budget: ? Yes ? No ? N/A

Budget Offer Number:
N/A

Budget Priority:
N/A

Other budget impacts or additional costs: ? Yes ? No ? N/A
If yes, explain:
N/A

Funding source(s):
N/A

Budget/Funding Cons...

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