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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 Constraints:

N/A

 

  Additional budget details attached

 

 

COUNCIL REVIEW:

 

Previous Contact(s)

Date

Meeting

Requested Action

10/27/2020

Committee of the Whole - Finance, Administration, and Communications

Receive Information

 

Proposed Upcoming Contact(s)

Date

Meeting

Requested Action

N/A

None proposed at this time

N/A

 

Time Constraints:

All budget adjustments for the 2019-2020 biennium must be approved no later than December 31, 2020.

 

 

ANTICIPATED RESULT IF NOT APPROVED:

N/A

 

 

ATTACHMENTS:

Attachment A: Ordinance: 2019-2020 Budget Adjustment

Exhibit 1: Summary of 2019-2020 Budget Adjustments

Exhibit 2: Description of 2019-2020 Budget Adjustment #2