ORDINANCE NO WHEREAS, the Issaquah City Council adopted the 2017 budget pursuant to

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1 ORDINANCE NO AN ORDINANCE OF THE CITY OF ISSAQUAH, WASHINGTON, AMENDING THE 2017 BUDGET AS SET FORTH IN ORDINANCE NO AND AMENDED IN ORDINANCE NOS AND 2798 CONCERNING REVENUES, EXPENDITURES AND FUND BALANCE FOR VARIOUS FUNDS FOR THE YEAR 2017 AND AUTHORIZING THE FINANCE DIRECTOR TO MAKE THE NECESSARY ADJUSTMENTS AND APPROVING PRIOR EXPENDITURES. WHEREAS, the Issaquah City Council adopted the 2017 budget pursuant to Ordinance No. 2791; and WHEREAS, the Council adopted amendments to the 2017 budget pursuant to Ordinance No. 2795; and WHEREAS, the Council adopted amendments to the 2017 budget pursuant to Ordinance No. 2798; and WHEREAS, the City has identified changes in operating revenues and operating expenditures that could not have reasonably been foreseen at the time of the passage of the 2017 budget which necessitates revisions to the 2017 budget; and WHEREAS, the City has identified expenditure allocations authorized in 2016 that require re-allocation in the 2017 budget; and WHEREAS, the Issaquah City Council has authorized a change in scope and scheduling of professional services and other expenditures that serve to carry out City Council goals and work plan activities; and - 1 -

2 WHEREAS, the Issaquah City Council has authorized a change in scope and scheduling of capital projects; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ISSAQUAH, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. The 2017 Budget, as adopted by Ordinance No. 2791, passed by the City Council on December 19, 2016, and amended by Ordinance No. 2795, passed by the City Council on March 20, 2017, and amended by Ordinance No. 2798, passed by the City Council on June 19, 2017, is hereby amended as set forth in this Ordinance and as shown on Exhibit A, attached hereto. Section 2. The amendments to the 2017 Budget reflected in Section 1 incorporate categories of adjustments and amendments necessitated by newly forecasted revenues and the need for expenditures which were not anticipated by the date said Budget was adopted. The specific adjustments are set forth in Ordinance Exhibit A, which is incorporated by this reference as fully as if herein set forth: 1. Adjustments to Reflect Accurate Revenue Sources 2. Amendments to Budget Appropriations 3. Adjustments to Ending Fund Balances Section 3. The Finance Director is hereby authorized and directed to do the necessary line item adjustments in the budget consistent with the provisions of this Ordinance. Section 4. Any expenditure of funds for the purposes described in this Ordinance prior to the effective date of this Ordinance is hereby ratified and confirmed

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4 Exhibit A to Ordinance Amendments to 2017 Budget * Denotes New Fund **Denotes Retired Fund Current Budget Fund Accounting Revisions Proposed Amendments Proposed Budget Fund Name Beginning Fund Balance Current Revenues Current Expenditures Increase (Decrease) in Fund Balance Revised Revenues Revised Expenditures Revised Increase (Decrease) in Fund Balance Revenue Changes Expenditure Changes Proposed Revenues Proposed Expenditures Increase (Decrease) in Fund Balance Estimated Ending Fund Balance General $ 15,954,523 $ 43,082,517 $ 47,198,141 $ (4,115,624) $ 46,846,347 $ 51,452,671 $ (4,606,324) $ (44,290) $ 1,210,128 $ 46,802,057 $ 52,662,799 $ (5,860,742) $ 10,093,781 Contingency 300, $ $ - $ - $ - $ 300,267 Street Operating 2,287,132 4,105,270 4,578,790 (473,520) 4,115,270 4,588,790 $ (473,520) - - $ 4,115,270 $ 4,588,790 $ (473,520) 1,813,612 REET* 3,265, ,001,700 1,685,000 $ 1,316, $ 3,001,700 $ 1,685,000 $ 1,316,700 4,581,953 Mitigation* 15,925, ,009,400 1,525,310 $ 484, $ 2,009,400 $ 1,525,310 $ 484,090 16,409,432 School Zone Safety - 720, , , , ,337 $ 542, $ 720,400 $ 178,337 $ 542, ,063 Sustainability 72,405 1,284,895 1,258,725 26,170 1,284,895 1,258,725 $ 26,170 (149,850) (164,850) $ 1,135,045 $ 1,093,875 $ 41, ,575 Communications/Cable TV 804, , ,110 12, , ,110 $ 12, $ 562,500 $ 550,110 $ 12, ,893 Lodging Tax 411, , ,000 8, , ,000 $ 8, $ 180,000 $ 172,000 $ 8, ,785 Municipal Art 439, , ,930 (120,180) 339, ,930 $ (120,180) - - $ 339,750 $ 459,930 $ (120,180) 319,145 Cemetery 382,832 90,000 89, ,000 89,500 $ $ 90,000 $ 89,500 $ ,332 Debt Service - Voted 766,847 1,681,950 1,642,260 39,690 1,681,950 1,642,260 $ 39,690 6,725,000 6,736,700 $ 8,406,950 $ 8,378,960 $ 27, ,837 Debt Service - Non-Voted 10,231 2,280,000 2,272,670 7,330 2,280,000 2,272,670 $ 7, $ 2,280,000 $ 2,272,670 $ 7,330 17,561 Debt Service - LID No ,220 88,700 91,290 (2,590) 88,700 91,290 $ (2,590) - - $ 88,700 $ 91,290 $ (2,590) 89,630 Debt Service - LID No ,791 1,657,200 1,567,750 89,450 1,657,200 1,567,750 $ 89, $ 1,657,200 $ 1,567,750 $ 89, ,241 Debt Service - LID Guaranty 989,371 3,405,000 3,232, ,990 3,405,000 3,232,010 $ 172, $ 3,405,000 $ 3,232,010 $ 172,990 1,162,361 Arbitrage Rebate** $ $ - $ - $ - - Capital/Special Projects** - 5,143,420 5,112,530 30, $ $ - $ - $ - - Municipal Capital Facilities* , ,000 $ 102, $ 307,000 $ 205,000 $ 102, ,000 Street Capital Projects (262,451) 23,020,000 23,847,720 (827,720) 23,020,000 24,747,720 $ (1,727,720) 1,769,218 4,402,078 $ 24,789,218 $ 29,149,798 $ (4,360,580) (4,623,031) ITS Traffic Signal System 173, $ $ - $ - $ - 173,093 City Shop Construction** - 2,000 53,400 (51,400) - - $ $ - $ - $ - - Park Capital Projects 2,641,855 6,486,820 8,940,400 (2,453,580) 6,984,710 9,435,400 $ (2,450,690) - - $ 6,984,710 $ 9,435,400 $ (2,450,690) 191,165 Fire Capital Projects 103, $ $ - $ - $ - 103,410 Mitigation** - 2,009,400 1,525, , $ $ - $ - $ - - Water 3,859,996 8,309,040 9,146,410 (837,370) 9,822,040 12,526,780 $ (2,704,740) - 440,324 $ 9,822,040 $ 12,967,104 $ (3,145,064) 6,165,202 Water Construction** 5,450,270 2,636,000 4,451,970 (1,815,970) - - $ $ - $ - $ - - Sewer 3,585,004 9,026,840 8,769, ,730 10,638,840 10,259,970 $ 378, ,503 $ 10,638,840 $ 10,388,473 $ 250,367 8,562,276 Sewer Construction** 4,726,905 1,712,000 1,590, , $ $ - $ - $ - - Stormwater 300,367 4,728,800 4,595, ,700 5,191,800 6,206,394 $ (1,014,594) - 167,773 $ 5,191,800 $ 6,374,167 $ (1,182,367) 3,267,002 Stormwater Construction** 4,149,002 1,675,000 2,823,294 (1,148,294) - - $ $ - $ - $ - - General Insurance 873, , ,000 (2,400) 656, ,000 $ (2,400) - - $ 656,600 $ 659,000 $ (2,400) 870,866 Medical Insurance 1,166,542 4,460,300 4,301, ,250 4,460,300 4,301,050 $ 159, $ 4,460,300 $ 4,301,050 $ 159,250 1,325,792 Unemployment Insurance 120,251 40,750 40, ,750 40,000 $ $ 40,750 $ 40,000 $ ,001 Fleet Services 8,212,395 5,292,180 2,706,100 2,586,080 5,292,180 2,706,100 $ 2,586, $ 5,292,180 $ 2,706,100 $ 2,586,080 10,798,475 Public Works Engineering 581, ,000 (250,000) - 250,000 $ (250,000) - - $ - $ 250,000 $ (250,000) 331,185 Ruth Kees Award 29, (400) $ (400) - - $ 100 $ 500 $ (400) 29,113 $ 77,665,430 $ 134,677,432 $ 142,104,267 $ (7,426,835) $ 134,677,432 $ 142,104,267 $ (7,426,835) $ 8,300,078 $ 12,920,656 $ 142,977,510 $ 155,024,923 $ (12,047,413) $ 65,618,017

5 FUND AND ADJUSTMENT DESCRIPTIONS General Fund (001) Line Item Amount Fund Totals Description Adjustments to Revenue Investment Revenue $ 30,710 Anticipated actual revenues Transfer-in - Mitigation Fund (75,000) Reclass to Street Capital Projects Fund Gilman Lofts Developer Agreement (AB 7219) CITY OF ISSAQUAH 2017 Budget Amendments Total Adjustments to Revenue - Increase/(Decrease) $ (44,290) Professional Services - DSD $ (375,000) Reclass to Street Capital Projects Fund Gilman Lofts Developer Agreement (AB 7219) LEOFF 1 (# ) 29,010 Updated Pension Contribution Professional Services - DSD 60,000 Vertical Mixed-Use Consultant (AB 7435) Salary & Benefits - Clerk 29,750 Additional Staffing Authorized (AB 7456) Salary & Benefits - DSD 68,750 Additional Staffing Authorized (AB 7456) Professional Services - Finance 140,000 Temporary accounting services necessary to support additional 2015 and 2016 Audit field work. Transfer-Out (to Street Improvement Fund) 300,000 To Street Capital Projects Fund Gilman Lofts Developer Agreement (AB 7219) Transfer-Out (to Street Improvement Fund) 957,618 Shangri La/Talus Intersection Improvements (AB 7434) Total - Increase/(Decrease) $ 1,210,128 Adjustment to Ending Fund Balance - Increase/(Decrease) $ (1,254,418) Sustainability Fund (120) Detail Fund Totals Description Adjustments to Revenue Grant - King County $ (114,850) I90 TDM Program: City elected to utilize King County roster for professional services for more efficient work, thus revenues and expenditures did not pass through City Grant - King County (35,000) School Pool Program: Delayed implementation with district. Will be reauthorization request in 2018 Total Adjustments to Revenue - Increase/(Decrease) $ (149,850) Professional Services $ (114,850) I90 TDM Program: City elected to utilize King County roster for professional services for more efficient work, thus revenues and expenditures did not pass through City Professional Services (35,000) School Pool Program: Delayed implementation with district. Will be reauthorization request in 2018 Professional Services (15,000) Alternative Services Program: Delayed implementation. Will be reauthorization request in Total - Increase/(Decrease) $ (164,850) Adjustment to Ending Fund Balance - Increase/(Decrease) $ (15,000)

6 CITY OF ISSAQUAH 2017 Budget Amendments FUND AND ADJUSTMENT DESCRIPTIONS Debt Service Fund (200) Detail Fund Totals Description Adjustments to Revenue Bond Proceeds $ 2,000,000 Final Bond Proceeds received for 2013 Park Bond authorized by Voters Bond Proceeds-Refunding 4,725,000 Bond Proceeds received for refunding to achieve interest savings Total Adjustments to Revenue - Increase/(Decrease) $ 6,725,000 Transfer Out - to Park Capital Fund $ 2,000,000 Transfer bond proceeds to Park Capital Fund for park capital investments Debt Service Costs 41,400 School Pool Program: Delayed implementation with district. Will be reauthorization request in 2018 Refunding Escrow Costs 4,695,300 Advance Refunding Escrow Costs for Parks and Police refunding bonds. Total - Increase/(Decrease) $ 6,736,700 Adjustment to Ending Fund Balance - Increase/(Decrease) $ 11,700 Street Capital Project Fund (310) Detail Fund Totals Description Adjustments to Revenue Transfer-In (from General Fund) $ 957,618 Shangri La/Talus Intersection Improvements (AB 7434) Transfer-In (from Water Fund) 440,324 Shangri La/Talus Intersection Improvements (AB 7434) Transfer-In (from Sewer Fund) 128,503 Shangri La/Talus Intersection Improvements (AB 7434) Transfer-In (from Stormwater Fund) 167,773 Shangri La/Talus Intersection Improvements (AB 7434) Transfer-In (from Mitigation Fund) 75,000 Reclass to Street Capital Projects Fund Gilman Lofts Developer Agreement (AB 7219) Total Adjustments to Revenue - Increase/(Decrease) $ 1,769,218 Capital Improvement Project $ 4,432,860 SE 62nd St - Project Spending Authorization Increase and 2016 Reauthorization portion of project. Capital Improvement Project (2,100,000) Newport Way SR900 and 54th - Project delay. Capital Improvement Project 1,694,218 Shangri La/Talus Intersection Improvements (AB 7434) Capital Improvement Project 375,000 Reclass to Street Capital Projects Fund Gilman Lofts Developer Agreement (AB 7219) Total - Increase/(Decrease) $ 4,402,078 Adjustment to Ending Fund Balance - Increase/(Decrease) $ (2,632,860)

7 CITY OF ISSAQUAH 2017 Budget Amendments FUND AND ADJUSTMENT DESCRIPTIONS Water Fund (400) Detail Fund Totals Description Transfer-Out (to Street Capital Projects Fund) $ 440,324 Shangri La/Talus Intersection Improvements (AB 7434) Total - Increase/(Decrease) $ 440,324 Adjustment to Ending Fund Balance - Increase/(Decrease) $ (440,324) Sewer Fund (410) Detail Fund Totals Description Transfer-Out (to Street Capital Projects Fund) $ 128,503 Shangri La/Talus Intersection Improvements (AB 7434) Total Adjustments to Revenue - Increase/(Decrease) $ 128,503 Adjustment to Ending Fund Balance - Increase/(Decrease) $ (128,503) Stormwater Fund (420) Detail Fund Totals Description Transfer-Out (to Street Capital Projects Fund) $ 167,773 Shangri La/Talus Intersection Improvements (AB 7434) Total Adjustments to Revenue - Increase/(Decrease) $ 167,773 Adjustment to Ending Fund Balance - Increase/(Decrease) $ (167,773)

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