078 of 1996 - Amending Salt Lake City Ordinance No. 35 of 1996 which adopted the Final Budget of Salt Lake City, i0 96-1
B 96-1
SALT LAKE CITY ORDINANCE
No. 78 of 1996
(Amending Salt Lake City Ordinance No. 35 of 1996
which adopted the Final Budget of Salt Lake City,
including the employment staffing document,
for Fiscal Year 1996-97)
AN ORDINANCE AMENDING SALT LAKE CITY ORDINANCE NO. 35
OF 1996 WHICH APPROVED, RATIFIED AND FINALIZED THE BUDGET OF
SALT LAKE CITY, UTAH, INCLUDING THE EMPLOYMENT STAFFING
DOCUMENT, FOR THE FISCAL YEAR BEGINNING JULY 1, 1996 AND
ENDING JUNE 30, 1997.
PREAMBLE
On June 11, 1996, the Salt Lake City Council approved,
ratified and finalized the budget of Salt Lake City, Utah,
including the employment staffing document, for the fiscal
year beginning July 1, 1996 and ending June 30, 1997, in
accordance with the requirements of Section 118, Chapter 6,
Title 10 of the Utah Code Annotated, and said budget,
including the employment staffing document, was approved by
the Mayor of Salt Lake City, Utah.
The City's Policy and Budget Director, acting as the
City's Budget Officer, prepared and filed with the City
Recorder proposed amendments to said duly adopted budget,
including the amendments to the employment staffing
document, copies of which are attached hereto, for
consideration by the City Council and inspection by the
public.
The City Council fixed a time and place for a public
hearing to be held on October 15, 1996 to consider the
attached proposed amendments to the budget, including the
employment staffing document, and ordered notice thereof be
published as required by law.
Notice of said public hearing to consider the
amendments to said budget, including the employment staffing
document, was duly published and a public hearing to
consider the attached amendments to said budget, including
the employment staffing document, was held on October 15,
1996, in accordance with said notice at which hearing all
interested parties for and against the budget amendment
proposals were heard and all comments were duly considered
by the City Council.
All conditions precedent to amend said budget,
including the employment staffing document, have been
accomplished.
Be it ordained by the City Council of Salt Lake City,
Utah:
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SECTION 1. Purpose. The purpose of this Ordinance is
to amend the budget of Salt Lake City, including the
employment staffing document, as approved, ratified and
finalized by Salt Lake City Ordinance No. 35 of 1996.
SECTION 2. Adoption of Amendments. The budget
amendments, including amendments to the employment staffing
document, attached hereto and made a part of this Ordinance
shall be, and the same hereby are adopted and incorporated
into the budget of Salt Lake City, Utah, including the
employment staffing document, for the fiscal year beginning
July 1, 1996 and ending June 30, 1997, in accordance with
the requirements of Section 128, Chapter 6, Title 10, of the
Utah Code AnnotatQd.
SECTION 3. Certification to Utah State Auditor. The
City's Policy and Budget Director, acting as the City's
Budget Officer, is authorized and directed to certify and
file a copy of said budget amendments, including amendments
to the employment staffing document, with the Utah State
Auditor.
SECTION 4. Filing of copies of the Budget Amendments.
The said Budget Officer is authorized and directed to
certify and file a copy of said budget amendments, including
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amendments to the employment staffing document, in the
office of said Budget Officer and in the office of the City
Recorder which amendments shall be available for public
inspection.
SECTION 5. Effective Date. This Ordinance shall take
effect on its first publication.
Passed by the City Council of Salt Lake City, Utah,
this 15th day of October , 1996.
ATTEST:
QJY7Y RECORD R
CHIEF DEPUTY
CHAIRPERSON
Transmitted to the Mayor on October 15, 1996
Mayor's Action: XXX Approved
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Vetoed
/Civ' AiE•oifs'y's()fhicb3 or�/q� -
ATTEST:
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M` CHIEF DEPUTY CITY RECORDER
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ili aVe Sill Noss,. 78 of 1996.
Published:
October 22, 1996
G,\ORDINA96\AMENDBUD.015
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Issues in Budget Amendment -- October 1996
Policy & Budget
1. Foreign Trade Zone Warehouse $191,285
2. Silver State Property $8,600
Capital Planning and Programming
1. Budget Revisions to Current Projects $54,787
2. New Projects $2,533,000
Issue in -Foreign Trade Zone Warehouse
General Fund $191,285 (E)
It is requested that a FY 96-97 budget for the Foreign Trade Zone Warehouse be established. Property
Management is in the process of finalizing lease management agreements for the Foreign Trade Zone
Warehouse located at the International Center. This facility will generate revenue and expenses
beginning October 1, 1996. The revenue projection, based on three leases, is $191,285. The first
year is projected to be a break even year. The primary expenses in the first year are: $124,000 partial
repayment of the $397,000 loan from the City's Economic Development Revolving fund, $20,000
common area assessment and outstanding taxes, and $20,570 broker commission.
The adjustment necessary to amend the budget is as follows:
Fund
Department/Category
Decrease
7
Increase
General Fund
Mgt. Services Property Mgt/Revenue
$191,285 (R)
Mgt. Services/Operating Expenses
$191,285 (E)
Total
General Fund
$191,285 (R)
$191,285 (E)
Issue #2 Silver State Property
General Fund $8,600 (E)
It is requested that a budget be established in cost center 07-00921 to charge utilities and maintenance
expenses for Silver State Property. Currently, these expenses are paid out of CIP account 83-95095.
The CIP account presently contains a balance of $17,000 in rent revenues received from the Silver
State Property. By establishing a budget in cost center 07-00921, expenses would be appropriately
charged to an operating budget rather than a CIP account.
The adjustment necessary to amend the budget is as follows:
i Fund
Department/Category
Decrease
Increase
CIP
Silver State Property Project
$17,000 (E)
Transfer to CIP Surplus Property
$8,400 (E)
Transfer to General Fund
$8,600 (E)
General Fund
Transfer from CIP
Public Services/Silver State Expenses
$8,600 (R)
$8,600 (E)
Total
General Fund
$8,600 (R)
$8,600 (E)
CIP
$17,000 (E)
$17,000 (E)
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