HomeMy WebLinkAbout08/08/2014 D4 AGENDA BILL Dq
BREMERTON TRANSPORTATION BENEFIT DISTRICT
BOARD OF DIRECTORS
SUBJECT: Approval of Ordinance No 005 BOARD MEETING Date: August 6, 2014
amending Ordinance No 003 and No 004 City Department: PW/Financial Services
relating to the budget for the Bremerton TBD Presenter: Martin/Johnson
for fiscal year 2014 Phone: 473-5758/5296
SUMMARY: On July 16, 2014 the Transportation Benefit Board held a Public Hearing on proposed
changes to the 2014 adopted Work Plan. No public comment was received. Following the public
hearing the Board moved to direct that the 2014 work plan and budget be revised with formal
adoption to be taken at the August 6, 2014 TBD meeting. Ordinance No 005 incorporates an
increase of$155,000 in TBD work plan expenditures. This increase is offset by an estimated
increase of$75,000 in fees. The net increase to the 2014 budget is $80,000.
ATTACHMENTS: Ordinance No 005
Overview of budget changes
FISCAL IMPACTS (Include Budgeted Amount):
Ending fund balance for 2014 is decreased by$80,000.
RECOMMENDED MOTION:
Move to approve Ordinance No 005 of the Bremerton Transportation Benefit District Board amending
Ordinance No 004 relating to the budget for the Bremerton Transportation Benefit District for the
fiscal year 2014.
AGENDA: ❑Consent Agenda ❑Informational Briefing 5&siness ❑Public Hearing
BOARD ACTION: [Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action
Form Updated 5/16/14