TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
|
Finance |
Chip Corder |
425-556-2189 |
DEPARTMENT STAFF:
|
Finance |
Kelley Cochran |
Deputy Finance Director |
|
Finance |
Marissa Flynn |
Senior Financial Analyst |
TITLE:
title
Adoption of An Ordinance Amending Ordinance No. 3026 by Making an Adjustment to the City’s 2021-2022 Biennial Budget to Recognize an Additional $500,000 for Human Services
a. Ordinance No. 3041: An Ordinance of the City Council of the City of Redmond, Washington, Amending Ordinance No. 3026, by Making Adjustments to the City’s 2021-2022 Biennial Budget, in Exhibit 1
OVERVIEW STATEMENT:
recommendation
Periodically the Finance Department adjusts the budget to recognize changes, both increases and decreases, in revenues and/or expenditures during the biennium. Per Council direction given during budget deliberations for the 2021-2022 Biennial Budget, the adjustment recognizes an additional $500,000 in the General Fund to transfer to the Human Services Fund.
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:
During Budget Deliberations
• Other Key Facts:
N/A
OUTCOMES:
The budget adjustment implements Council direction to provide an increased level of support to the community through additional investments in Human Services.
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:
$500,000
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):
2019-2020 General Fund surplus
Budget/Funding Constraints:
N/A
☒ Additional budget details attached
COUNCIL REVIEW:
Previous Contact(s)
|
Date |
Meeting |
Requested Action |
|
6/22/2021 |
Committee of the Whole - Finance, Administration, and Communications |
Approve |
Proposed Upcoming Contact(s)
|
Date |
Meeting |
Requested Action |
|
N/A |
None proposed at this time |
N/A |
Time Constraints:
All budget adjustments for the 2021-2022 biennium must be approved no later than December 31, 2022.
ANTICIPATED RESULT IF NOT APPROVED:
The $500,000 transfer would not be made from the General Fund to the Human Services Fund.
ATTACHMENTS:
Attachment A: Ordinance
Exhibit 1: Summary of 2021-2022 Budget Adjustments