ORDINANCE NO. AN ORDINANCE AMENDING THE 2015 …
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ORDINANCE NO. _____ AN ORDINANCE AMENDING THE 2015 OPERATING BUDGET WHEREAS, the City Council adopted the 2015 budget in December of 2014 through Ordinance No. 1876; and WHEREAS, certain events have transpired since the adoption of the 2015 budget that were unforeseen when the original estimated beginning cash balances in the 2015 budget was adopted; and WHEREAS, it is the desire of the City Council to amend the 2015 Operating budget to reflect these changes in beginning cash balances; NOW THEREFORE, the City Council of the City of Ferndale do ordain as follows: Section 2 of the Ordinance 1876 is amended to include a revised list of estimated resources for each separate fund of the City of Ferndale, and aggregate expenditures of all such funds for the year 2015. That new section is as follows: Section 2. Estimated resources for each separate fund of the City of Ferndale, and aggregate expenditures of all such funds for the year 2015 are set forth in summary form below and are hereby appropriated for expenditure at the fund level during the year 2015 as set forth in the City of Ferndale 2015 Operating Budget Document. Begin. Cash Bal. 1-Jan-15 17-Feb-15 Fund Number and Name Budget Budget Change 001 Current Expense (General Fund) $1,339,982 $1,563,748 $223,766 002 General Fund Contingency Reserve 0 0 0 003 Facilities Capital Reserve 0 0 0 004 LEOFF 1 Police Retiree 328,176 286,563 (41,613) 005 Solid Waste Tax 2010 & On 472,038 497,352 25,314 101 Streets 36,422 36,760 338 102 Park Mitigation 3,832 58,089 54,257 104 Traffic Mitigation 181,528 296,390 114,862 106 Criminal Justice Fund 912 196 (716) 107 Local Criminal Justice 6,607 959 (5,648) 198 Hotel/Motel 2,321 5,924 3,603 214 Streets/Parks Debt Service 2,054 2,056 2 215 LaBounty LID 2006-1 Bond Redemption 8,350 8,353 3 216 LaBounty LID 2006-1 Bond Guarantee 30,470 30,467 (3) 217 LaBounty GO Bond Redemption 91 91 0 218 2010 GO Bond Redemption 5,730 90 (5,640) 219 2011 GO Bond Redemption 1,329 1,930 601 220 2013 Library GO Bond Redemption 500 2,292 1,792 301 Real Estate Excise Tax First 1/4% REET 1 128,673 119,677 (8,996) 302 Real Estate Excise Tax Sec. 1/4% REET 2 47,257 53,156 5,899 305 Pioneer Pavilion Construction 20,000 33,814 13,814 53
Transcript of ORDINANCE NO. AN ORDINANCE AMENDING THE 2015 …
ORDINANCE NO. _____
AN ORDINANCE AMENDING THE 2015 OPERATING BUDGET WHEREAS, the City Council adopted the 2015 budget in December of 2014 through Ordinance No. 1876; and WHEREAS, certain events have transpired since the adoption of the 2015 budget that were unforeseen when the original estimated beginning cash balances in the 2015 budget was adopted; and WHEREAS, it is the desire of the City Council to amend the 2015 Operating budget to reflect these changes in beginning cash balances; NOW THEREFORE, the City Council of the City of Ferndale do ordain as follows: Section 2 of the Ordinance 1876 is amended to include a revised list of estimated resources for each separate fund of the City of Ferndale, and aggregate expenditures of all such funds for the year 2015. That new section is as follows: Section 2. Estimated resources for each separate fund of the City of Ferndale, and aggregate expenditures of all such funds for the year 2015 are set forth in summary form below and are hereby appropriated for expenditure at the fund level during the year 2015 as set forth in the City of Ferndale 2015 Operating Budget Document.
Begin. Cash Bal.
1-Jan-15 17-Feb-15 Fund Number and Name Budget Budget Change
001 Current Expense (General Fund) $1,339,982 $1,563,748 $223,766 002 General Fund Contingency Reserve 0 0 0 003 Facilities Capital Reserve 0 0 0 004 LEOFF 1 Police Retiree 328,176 286,563 (41,613) 005 Solid Waste Tax 2010 & On 472,038 497,352 25,314 101 Streets 36,422 36,760 338 102 Park Mitigation 3,832 58,089 54,257 104 Traffic Mitigation 181,528 296,390 114,862 106 Criminal Justice Fund 912 196 (716) 107 Local Criminal Justice 6,607 959 (5,648) 198 Hotel/Motel 2,321 5,924 3,603 214 Streets/Parks Debt Service 2,054 2,056 2 215 LaBounty LID 2006-1 Bond Redemption 8,350 8,353 3 216 LaBounty LID 2006-1 Bond Guarantee 30,470 30,467 (3) 217 LaBounty GO Bond Redemption 91 91 0 218 2010 GO Bond Redemption 5,730 90 (5,640) 219 2011 GO Bond Redemption 1,329 1,930 601 220 2013 Library GO Bond Redemption 500 2,292 1,792 301 Real Estate Excise Tax First 1/4% REET 1 128,673 119,677 (8,996) 302 Real Estate Excise Tax Sec. 1/4% REET 2 47,257 53,156 5,899 305 Pioneer Pavilion Construction 20,000 33,814 13,814
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307 Library Construction 0 8,988 8,988 308 Main St./ 3rd to Church Construction 0 539 539 309 Star Park Construction 20,020 23,037 3,017 346 Church Road Construction 190,000 13,598 (176,402) 347 Main & LaBounty Roundabout Constr. 50,000 50,010 10 370 Thornton Road Overpass Construction 238,000 211,250 (26,750) 401 Water 690,775 298,306 (392,469) 402 Sewer 8,723,278 8,828,073 104,795 403 Sewer Revenue Bonds 2,364 3,390 1,026 404 Sewer Revenue Bonds Reserve 1,482,300 1,482,300 0 407 Storm & Flood Control 420,577 368,906 (51,671) 408 Utility Loan Service 224,960 215,413 (9,547) 510 Computer Repair & Maint. 9,798 15,139 5,341 550 Equipment Repair & Maint. 30,523 46,246 15,723 650 Court Agency 0 0 0
TOTAL BEGINNING CASH BALANCE $14,698,866 $14,563,101 ($135,765)
REVENUES
1-Jan-15 17-Feb-15
Fund Number and Name Budget Budget Change 001 Current Expense (General Fund) $8,503,187 $8,475,187 ($28,000) 002 General Fund Contingency Reserve 0 0 0 003 Facilities Capital Reserve 0 0 0 004 LEOFF 1 Police Retiree 100,656 100,656 0 005 Solid Waste Tax 2010 & On 1,505,470 1,505,470 0 101 Streets 1,008,522 1,008,522 0 102 Park Mitigation 100,000 100,000 0 104 Traffic Mitigation 325,000 325,000 0 106 Criminal Justice Fund 14,206 14,206 0 107 Local Criminal Justice 198,657 198,657 0 198 Hotel/Motel 51,000 51,000 0 214 Streets/Parks Debt Service 149,098 149,098 0 215 LaBounty LID 2006-1 Bond Redemption 44,756 44,756 0 216 LaBounty LID 2006-1 Bond Guarantee 0 0 0 217 LaBounty GO Bond Redemption 26,720 26,720 0 218 2010 GO Bond Redemption 498,809 498,809 0 219 2011 GO Bond Redemption 159,737 159,737 0 220 2013 Library GO Bond Redemption 186,072 186,072 0 301 Real Estate Excise Tax First 1/4% REET 1 225,129 225,129 0 302 Real Estate Excise Tax Sec. 1/4% REET 2 225,047 225,047 0 305 Pioneer Pavilion Construction 0 0 0 307 Library Construction 46,160 48,360 2,200 308 Main St./ 3rd to Church Construction 0 0 0 309 Star Park Construction 50,000 50,000 0 346 Church Road Construction 0 1,560,154 1,560,154 347 Main & LaBounty Roundabout Constr. 0 0 0 370 Thornton Road Overpass Construction 0 0 0 401 Water 3,047,247 3,547,247 500,000 402 Sewer 3,394,597 3,394,597 0 403 Sewer Revenue Bonds 1,962,831 1,962,831 0 404 Sewer Revenue Bonds Reserve 12,000 12,000 0 407 Storm & Flood Control 950,850 950,850 0 408 Utility Loan Service 441,535 441,535 0 510 Computer Repair & Maint. 149,350 149,350 0 550 Equipment Repair & Maint. 458,987 458,987 0 650 Court Agency 225,000 225,000 0
TOTAL REVENUES $24,060,622 $26,094,976 $2,034,354
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AVAILABLE RESOURCES (Beg. Cash Balance + Revenues)
1-Jan-15 17-Feb-15 Fund Number and Name Budget Budget Change
001 Current Expense (General Fund) $9,843,169 $10,038,935 $195,766 002 General Fund Contingency Reserve 0 0 0 003 Facilities Capital Reserve 0 0 0 004 LEOFF 1 Police Retiree 428,832 387,219 (41,613) 005 Solid Waste Tax 2010 & On 1,977,508 2,002,822 25,314 101 Streets 1,044,944 1,045,282 338 102 Park Mitigation 103,832 158,089 54,257 104 Traffic Mitigation 506,528 621,390 114,862 106 Criminal Justice Fund 15,118 14,402 (716) 107 Local Criminal Justice 205,264 199,616 (5,648) 198 Hotel/Motel 53,321 56,924 3,603 214 Streets/Parks Debt Service 151,152 151,154 2 215 LaBounty LID 2006-1 Bond Redemption 53,106 53,109 3 216 LaBounty LID 2006-1 Bond Guarantee 30,470 30,467 (3) 217 LaBounty GO Bond Redemption 26,811 26,811 0 218 2010 GO Bond Redemption 504,539 498,899 (5,640) 219 2011 GO Bond Redemption 161,066 161,667 601 220 2013 Library GO Bond Redemption 186,572 188,364 1,792 301 Real Estate Excise Tax First 1/4% REET 1 353,802 344,806 (8,996) 302 Real Estate Excise Tax Sec. 1/4% REET 2 272,304 278,203 5,899 305 Pioneer Pavilion Construction 20,000 33,814 13,814 307 Library Construction 46,160 57,348 11,188 308 Main St./ 3rd to Church Construction 0 539 539 309 Star Park Construction 70,020 73,037 3,017 346 Church Road Construction 190,000 1,573,752 1,383,752 347 Main & LaBounty Roundabout Constr. 50,000 50,010 10 370 Thornton Road Overpass Construction 238,000 211,250 (26,750) 401 Water 3,738,022 3,845,553 107,531 402 Sewer 12,117,875 12,222,670 104,795 403 Sewer Revenue Bonds 1,965,195 1,966,221 1,026 404 Sewer Revenue Bonds Reserve 1,494,300 1,494,300 0 407 Storm & Flood Control 1,371,427 1,319,756 (51,671) 408 Utility Loan Service 666,495 656,948 (9,547) 510 Computer Repair & Maint. 159,148 164,489 5,341 550 Equipment Repair & Maint. 489,510 505,233 15,723 650 Court Agency 225,000 225,000 0
TOTAL AVAILABLE RESOURCES $38,759,488 $40,658,077 $1,898,589
EXPENDITURES
1-Jan-15 17-Feb-15
Fund Number and Name Budget Budget Change 001 Current Expense (General Fund) $8,521,444 $8,633,453 $112,009 002 General Fund Contingency Reserve 0 0 0 003 Facilities Capital Reserve 0 0 0 004 LEOFF 1 Police Retiree 124,697 124,697 0 005 Solid Waste Tax 2010 & On 1,721,973 1,721,973 0 101 Streets 960,010 960,010 0 102 Park Mitigation 97,162 97,162 0 104 Traffic Mitigation 0 0 0 106 Criminal Justice Fund 14,000 14,000 0
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107 Local Criminal Justice 200,000 200,000 0 198 Hotel/Motel 0 53,300 53,300 214 Streets/Parks Debt Service 149,098 149,098 0 215 LaBounty LID 2006-1 Bond Redemption 44,756 44,756 0 216 LaBounty LID 2006-1 Bond Guarantee 2,500 2,500 0 217 LaBounty GO Bond Redemption 26,720 26,720 0 218 2010 GO Bond Redemption 499,621 499,621 0 219 2011 GO Bond Redemption 159,737 159,737 0 220 2013 Library GO Bond Redemption 186,072 186,072 0 301 Real Estate Excise Tax First 1/4% REET 1 237,971 237,971 0 302 Real Estate Excise Tax Sec. 1/4% REET 2 91,300 91,300 0 305 Pioneer Pavilion Construction 20,000 20,000 0 307 Library Construction 46,160 57,348 11,188 308 Main St./ 3rd to Church Construction 0 0 0 309 Star Park Construction 0 0 0 346 Church Road Construction 190,000 1,573,752 1,383,752 347 Main & LaBounty Roundabout Constr. 50,000 50,000 0 370 Thornton Road Overpass Construction 90,000 90,000 0 401 Water 3,265,981 3,265,981 0 402 Sewer 7,112,891 7,612,891 500,000 403 Sewer Revenue Bonds 1,963,231 1,963,231 0 404 Sewer Revenue Bonds Reserve 12,000 12,000 0 407 Storm & Flood Control 1,145,186 1,145,186 0 408 Utility Loan Service 441,325 441,325 0 510 Computer Repair & Maint. 148,781 148,781 0 550 Equipment Repair & Maint. 461,429 461,429 0 650 Court Agency 225,000 225,000 0
TOTAL EXPENDITURES $28,209,045 $30,269,294 $2,060,249
ENDING CASH
1-Jan-15 17-Feb-15
Fund Number and Name Budget Budget Change 001 Current Expense (General Fund) $1,321,725 $1,405,482 $83,757 002 General Fund Contingency Reserve 0 0 0 003 Facilities Capital Reserve 0 0 0 004 LEOFF 1 Police Retiree 304,135 262,522 (41,613) 005 Solid Waste Tax 2010 & On 255,535 280,849 25,314 101 Streets 84,934 85,272 338 102 Park Mitigation 6,670 60,927 54,257 104 Traffic Mitigation 506,528 621,390 114,862 106 Criminal Justice Fund 1,118 402 (716) 107 Local Criminal Justice 5,263 (385) (5,648) 198 Hotel/Motel 53,321 3,624 (49,697) 214 Streets/Parks Debt Service 2,054 2,056 2 215 LaBounty LID 2006-1 Bond Redemption 8,350 8,353 3 216 LaBounty LID 2006-1 Bond Guarantee 27,970 27,967 (3) 217 LaBounty GO Bond Redemption 91 91 0 218 2010 GO Bond Redemption 4,918 (722) (5,640) 219 2011 GO Bond Redemption 1,329 1,930 601 220 2013 Library GO Bond Redemption 500 2,292 1,792 301 Real Estate Excise Tax First 1/4% REET 1 115,832 106,836 (8,996) 302 Real Estate Excise Tax Sec. 1/4% REET 2 181,005 186,904 5,899 305 Pioneer Pavilion Construction 0 13,814 13,814 307 Library Construction 0 0 0 308 Main St./ 3rd to Church Construction 0 539 539 309 Star Park Construction 70,020 73,037 3,017
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346 Church Road Construction 0 0 0 347 Main & LaBounty Roundabout Constr. 0 10 10 370 Thornton Road Overpass Construction 148,000 121,250 (26,750) 401 Water 472,041 579,572 107,531 402 Sewer 5,004,984 4,609,779 (395,205) 403 Sewer Revenue Bonds 1,964 2,990 1,026 404 Sewer Revenue Bonds Reserve 1,482,300 1,482,300 0 407 Storm & Flood Control 226,240 174,569 (51,671) 408 Utility Loan Service 225,170 215,623 (9,547) 510 Computer Repair & Maint. 10,367 15,708 5,341 550 Equipment Repair & Maint. 28,080 43,803 15,723 650 Court Agency 0 0 0
TOTAL ENDING CASH $10,550,443 $10,388,783 ($161,660) PASSED AND ADOPTED by the Ferndale City Council this 17th day of February, 2015. Gary Jensen, Mayor Sam Taylor, City Clerk
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City of Ferndale 2/17/2015
2015 Budget Summary February 17, 2015 Amendment Amendment # 1Prepared 2/3/2015 AMENDED 2015 February 17, 2015 February 17, 2015
Original 2015 Budget 2015Fund: BUDGET Amendment Notes BUDGETCurrent Expense/001Beginning Cash Balance $1,339,982 $223,766 Actual vs. Budget $1,563,748Revenues $8,503,187 ($28,000) Prior Year Delinquent Property Taxes Decrease $8,475,187
0 Total Revenues $8,503,187 ($28,000) Available Resources $9,843,169 $195,766 $10,038,935Expenditures $8,521,444 $54,459 Fire District No.7 2015 Invoice - Higher Than Budget (6.9% Over 2014) $8,633,453
8,000 Police - Lexipol Risk Management Program14,550 Non Profits35,000 Jail Invoice for Dec. 2014 (13 Months Billings in 2015)
Total Expenditures $8,521,444 $112,009 Ending Cash $1,321,725 $83,757 $1,405,482
LEOFF 1 Police Retiree /004 Beginning Cash Balance $328,176 ($41,613) Actual vs. Budget $286,563Revenues $100,656 $0 $100,656Available Resources $428,832 ($41,613) $387,219Expenditures $124,697 $0 $124,697
0 Total Expenditures $124,697 $0
Ending Cash $304,135 ($41,613) $262,522
Solid Waste Utility Tax /005 Beginning Cash Balance $472,038 $25,314 Actual vs. Budget $497,352Revenues $1,505,470 $0 $1,505,470Available Resources $1,977,508 $25,314 $2,002,822Expenditures $1,721,973 $0 $1,721,973
Ending Cash $255,535 $25,314 $280,849
Streets/101 Beginning Cash Balance $36,422 $338 Actual vs. Budget $36,760Revenues $1,008,522 $0 $1,008,522
0 Total Revenues $1,008,522 $0 Available Resources $1,044,944 $338 $1,045,282Expenditures $960,010 $0 $960,010
0
Total Expenditures $960,010 $0Ending Cash $84,934 $338 $85,272
Park Mitigation/102 Beginning Cash Balance $3,832 $54,257 Actual vs. Budget $58,089
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City of Ferndale 2/17/2015
2015 Budget Summary February 17, 2015 Amendment Amendment # 1Prepared 2/3/2015 AMENDED 2015 February 17, 2015 February 17, 2015
Original 2015 Budget 2015Fund: BUDGET Amendment Notes BUDGETRevenues $100,000 $100,000
0 Total Revenues $100,000 $0Available Resources $103,832 $54,257 $158,089Expenditures $97,162 $0 $97,162
0 Total Expenditures $97,162 $0
Ending Cash $6,670 $54,257 $60,927
Traffic Mitigation/104 Beginning Cash Balance $181,528 $114,862 Actual vs. Budget $296,390Revenues $325,000 $0 $325,000
0 Total Revenues $325,000 $0 Available Resources $506,528 $114,862 $621,390Expenditures $0 $0 $0
0 Total Expenditures $0 $0
Ending Cash $506,528 $114,862 $621,390
Criminal Justice/106 Beginning Cash Balance $912 ($716) Actual vs. Budget $196Revenues $14,206 $0 $14,206
0 Total Revenues $14,206 $0 Available Resources $15,118 ($716) $14,402Expenditures $14,000 $0 $14,000
0 Total Expenditures $14,000 $0
Ending Cash $1,118 ($716) $402
Local Criminal Justice/107 Beginning Cash Balance $6,607 ($5,648) Actual vs. Budget $959Revenues $198,657 $0 $198,657Available Resources $205,263 ($5,648) $199,616Expenditures $200,000 $0 $200,000
Ending Cash $5,263 ($5,648) ($384)
Hotel Motel/198 Beginning Cash Balance $2,321 $3,603 Actual vs. Budget $5,924Revenues $51,000 $0 $51,000Available Resources $53,321 $3,603 $56,924Expenditures $0 $53,300 Per Council Approval Dec.15, 2014 $53,300
Total Expenditures $0 $53,300
Ending Cash $53,321 $53,300 $3,624
Street/Parks/Etc. Debt Service/214 Beginning Cash Balance $2,054 $2 Actual vs. Budget $2,056Revenues $149,098 $0 $149,098
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City of Ferndale 2/17/2015
2015 Budget Summary February 17, 2015 Amendment Amendment # 1Prepared 2/3/2015 AMENDED 2015 February 17, 2015 February 17, 2015
Original 2015 Budget 2015Fund: BUDGET Amendment Notes BUDGET
0 Total Revenues $149,098 $0Available Resources $151,152 $2 $151,154Expenditures $149,098 $0 $149,098
Ending Cash $2,054 $2 $2,056
LaBounty LID 2006-1 Bond Redemption/215 Beginning Cash Balance $8,350 $3 Actual vs. Budget $8,353Revenues $44,756 $0 $44,756
0 Total Revenues $44,756 $0Available Resources $53,106 $3 $53,109Expenditures $44,756 $0 $44,756
Ending Cash $8,350 $3 $8,353
LaBounty LID 2006-1 Bond Guarantee/216Beginning Cash Balance $30,470 ($3) Actual vs. Budget $30,467Revenues $0 $0 $0Available Resources $30,470 ($3) $30,467Expenditures $2,500 $0 $2,500
Ending Cash $27,970 ($3) $27,967
2010 LTGO BAB Bond Redemption/218 Beginning Cash Balance $5,730 ($5,640) Actual vs. Budget $90Revenues $498,809 $0 $498,809
$0 Total Revenues $498,809 $0Available Resources $504,539 ($5,640) $498,899Expenditures $499,621 $0 $499,621
Total Expenditures $499,621 $0Ending Cash $4,918 ($5,640) ($722)
2011 LTGO Bond Redemption/219 Beginning Cash Balance $1,329 $601 Actual vs. Budget $1,930Revenues $159,737 $0 $159,737
0 Total Revenues $159,737 $0Available Resources $161,066 $601 $161,667Expenditures $159,737 $0 $159,737
Total Expenditures $159,737 $0Ending Cash $1,329 $601 $1,930
2013 LTGO Library Bond Redemption/220 Beginning Cash Balance $500 $1,792 $2,292Revenues $186,072 $0 $186,072
0 Total Revenues $186,072 $0Available Resources $186,572 $1,792 $188,364Expenditures $186,072 $0 $186,072
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City of Ferndale 2/17/2015
2015 Budget Summary February 17, 2015 Amendment Amendment # 1Prepared 2/3/2015 AMENDED 2015 February 17, 2015 February 17, 2015
Original 2015 Budget 2015Fund: BUDGET Amendment Notes BUDGET
Total Expenditures $186,072 $0Ending Cash $500 $601 $2,292
Real Estate Excise Tax First 1/4% REET 1/301 Beginning Cash Balance $128,673 ($8,996) Actual vs. Budget $119,677Revenues $225,129 $0 $225,129Total Revenues $225,129 $0 Available Resources $353,802 ($8,996) $344,806Expenditures $237,971 $0 $237,971
0 Total Expenditures $237,971 $0
Ending Cash $115,832 ($8,996) $106,835
Real Estate Excise Tax Second 1/4% REET 2/302 Beginning Cash Balance $47,257 $5,899 Actual vs. Budget $53,156Revenues $225,047 $0 $225,047Total Revenues $225,047 $0 Available Resources $272,305 $5,899 $278,203Expenditures $91,300 $0 $91,300
0 Total Expenditures $91,300 $0
Ending Cash $181,005 $5,899 $186,903
Pioneer Pavilion Constr./305 Beginning Cash Balance $20,000 $13,814 Actual vs. Budget $33,814Revenues $0 $0 $0
0 Total Revenues $0 $0Available Resources $20,000 $13,814 $33,814Expenditures $20,000 $13,814 Carryover Budget Adj. $33,814
0 Total Expenditures $20,000 $13,814
Ending Cash $0 $0 $0
Library Constr./307 Beginning Cash Balance $0 $8,988 Actual vs. Budget $8,988Revenues $46,160 $2,200 Donations from Whatcom Community Foundation $48,360
0 Total Revenues $46,160 $2,200Available Resources $46,160 $11,188 $57,348Expenditures $46,160 $11,188 Interfund Loan Interest/Residual Cash Bal Return to REET 1 301 $57,348
0 Total Expenditures $46,160 $11,188
Ending Cash $0 $0 $0
Main St./3rd to Church Constr./308 Beginning Cash Balance $0 $539 $539Revenues $0 $0 $0
0 Total Revenues $0 $0
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City of Ferndale 2/17/2015
2015 Budget Summary February 17, 2015 Amendment Amendment # 1Prepared 2/3/2015 AMENDED 2015 February 17, 2015 February 17, 2015
Original 2015 Budget 2015Fund: BUDGET Amendment Notes BUDGETAvailable Resources $0 $539 $539Expenditures $0 $0 $0
0 Total Expenditures $0 $0
Ending Cash $0 $539 $539
Star Park Design & Constr./309 Beginning Cash Balance $20,020 $3,017 Actual vs. Budget $23,037Revenues $50,000 $0 $50,000
0 Total Revenues $50,000 $0Available Resources $70,020 $3,017 $73,037Expenditures $0 $0 $0
0 Total Expenditures $0 $0
Ending Cash $70,020 $3,017 $73,037
Church Road Constr./346 Beginning Cash Balance $190,000 ($176,402) Actual vs. Budget $13,598Revenues $0 $675,000 Remaining Interfund Loan From Cur.Exp.001 Res.14-12-15-B $1,560,154
$885,154 Carryover Budgeted Grant Revenues From 2014Total Revenues $0 $1,560,154Available Resources $190,000 $1,383,752 $1,573,752Expenditures $190,000 $371,542 Carryover Additional Budgeted CN Expenditures (Colacurcio) From 2014 + $160K $1,573,752
262,210 Net Carryover Budgeted Other Expenditures From 2014/Residual Cash Bal.Transferred Back to REET2 302750,000 Repayment of Entire Interfund Loan From Cur.Exp.001 Res.14-12-15-B
Total Expenditures $190,000 $1,383,752Ending Cash $0 $0 $0
Main & LaBounty Roundabout Constr./347 Beginning Cash Balance $50,000 $10 Actual vs. Budget $50,010Revenues $0 $0 $0Available Resources $50,000 $10 $50,010Expenditures $50,000 $0 $50,000
0Total Expenditures $50,000 $0
Ending Cash $0 $10 $10
Thornton Road Constr./370 Beginning Cash Balance $238,000 ($26,750) Actual vs. Budget $211,250Revenues $0 $0 $0Available Resources $238,000 ($26,750) $211,250Expenditures $90,000 $0 $90,000
0 Total Expenditures $90,000 $0
Ending Cash $148,000 ($26,750) $121,250
Water/401 Beginning Cash Balance $690,775 ($392,469) Actual vs. Budget $298,306Revenues $3,047,247 $500,000 Interfund Loan From Sewer 402 Res.14-10-20-A $3,547,247
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City of Ferndale 2/17/2015
2015 Budget Summary February 17, 2015 Amendment Amendment # 1Prepared 2/3/2015 AMENDED 2015 February 17, 2015 February 17, 2015
Original 2015 Budget 2015Fund: BUDGET Amendment Notes BUDGET
Total Revenues $3,047,247 $500,000 Available Resources $3,738,022 $107,531 $3,845,553Expenditures $3,265,981 $0 2016: Repayment of Interfund Loan From Sewer 402 Res.14-10-20-A $3,265,981
0 Total Expenditures $3,265,981 $0
Ending Cash $472,041 $107,531 $579,572
Sewer/402 Beginning Cash Balance $8,723,278 $104,795 Actual vs. Budget $8,828,073Revenues $3,394,597 $0 2016: Repayment of Interfund Loan To Water 401 Res.14-10-20-A $3,394,597
$0 Total Revenues $3,394,597 $0 Available Resources $12,117,875 $104,795 $12,222,670Expenditures $7,112,891 $500,000 Interfund Loan to Water 401 Res.14-10-20-A $7,612,891
$0 Total Expenditures $7,112,891 $500,000
Ending Cash $5,004,984 ($395,205) $4,609,779
95/96/2005 Sewer Bond Redemption/403 Beginning Cash Balance $2,364 $1,026 Actual vs. Budget $3,390Revenues $1,962,831 $1,962,831
Total Revenues $1,962,831 $0 Available Resources $1,965,195 $1,026 $1,966,221Expenditures $1,963,231 $0 $1,963,231
Ending Cash $1,964 $1,026 $2,990
Storm & Flood Control/407 Beginning Cash Balance $420,577 ($51,671) Actual vs. Budget $368,906Revenues $950,850 $0 $950,850
0 0
Total Revenues $950,850 $0Available Resources $1,371,427 ($51,671) $1,319,756Expenditures $1,145,186 $0 $1,145,186
0 Total Expenditures $1,145,186 $0
Ending Cash $226,240 ($51,671) $174,570
Utility Loan Service/408 Beginning Cash Balance $224,960 ($9,547) Actual vs. Budget $215,413Revenues $441,535 $0 $441,535Available Resources $666,495 ($9,547) $656,948Expenditures $441,325 $0 $441,325
$0 Total Expenditures $441,325 $0
Ending Cash $225,170 ($9,547) $215,623
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City of Ferndale 2/17/2015
2015 Budget Summary February 17, 2015 Amendment Amendment # 1Prepared 2/3/2015 AMENDED 2015 February 17, 2015 February 17, 2015
Original 2015 Budget 2015Fund: BUDGET Amendment Notes BUDGETComputer Repair/Replace./510 Beginning Cash Balance $9,798 $5,341 Actual vs. Budget $15,139Revenues $149,350 $0 $149,350
0 Total Revenues $149,350 $0 Available Resources $159,148 $5,341 $164,489Expenditures $148,781 $0 $148,781
0 Total Expenditures $148,781 $0
Ending Cash $10,367 $5,341 $15,708
Equipment Repair/Replace./550 Beginning Cash Balance $30,523 $15,723 Actual vs. Budget $46,246Revenues $458,987 $0 $458,987
0 Total Revenues $458,987 $0Available Resources $489,510 $15,723 $505,233Expenditures $461,429 $0 $461,429
0 Total Expenditures $461,429 $0
Ending Cash $28,080 $15,723 $43,804
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