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Introduced by
Proposed by_
Date
RESOLUTION NO. 85 -38
Becker
Becker
July 25. 1985
A RESOLUTION ESTABLISHING WHATCOM COUNTY
BUDGET POLICY FOR 1986
WHEREAS, long range fiscal integrity and stability are the
most important goals of county budgeting; and,
WHEREAS, the upper limits of county revenues are almost
entirely fixed by state law, and Whatcom County in 1985 levies at
the maximum allowable rate for sales and property taxes; and,
WHEREAS, the County should be prepared for the possibility of
the end of the Federal Shared Revenue program; and,
WHEREAS, the County Current Expense Fund has an ongoing
problem with an excess of expenditures over actual revenues which
must be brought into balance before cash reserves are exhausted,
NOW, THEREFORE, BE IT RESOLVED that the Whatcom County
Council sets the following goals as general policy to guide the
Executive in preparing. her recommended budget for 1986:
1. In view of the long range goal of balancing expenditures
with revenues in the Current Expense Fund, projections of revenue
and current level expenditures should be made over the next two
years. The 1986 budget should reduce expenditures from current
level if the two -year forecast indicates a continuing imbalance
between revenue and expenditure.
2. An ending fund balance in the Current Expense Fund of a
minimum of $500,000 is an appropriate amount (not including
potential supplementals) to address cash flow needs.
Ordinance - 1.
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3. In addition to the ending fund balance, cash reserves in
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the Current Expense Fund should be provided as follows:
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4 a. The Disaster and Emergency Contingency
Fund should be continued at a minimum amount
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of $200,000.
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7 b. The Expo 186 Fund should be preserved at
least at its current level to address special
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needs of county agencies that may arise during
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the 1986 Expo.
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11 C. If projections show that current level
expenditures will exceed revenues for 1986 or
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1987, an additional substantial sum should be
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14 set aside as a budget shortfall reserve for
1987.
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4. Substantial monies received from Federal Shared Revenue
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in 1986 and from other appropriate sources should be set aside in
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a new Capital Fund. A budget for the Capital Fund should be
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presented by the Executive along with the capital resolution. The
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budget should reflect the initiation of a long -range systematic
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planning process for major repair, maintenance, upgrading,
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remodeling and acquisition of the physical plant and equipment
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associated with Current Expense Fund agencies. It is the inten-
tion of the Council that this fund be ongoing, to be replenished
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each year from Current Expense revenues or other appropriate
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sources of revenue.
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DATED this 8th day of August , 1985.
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WHATCOM COUNTY COUNCIL
28 /
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ATTEST.:
'
William P. Roehl
30 d4 Chairman
Carol Ebergson
31 Clerk of the Council
32 APPROVED AS TO FORM:
Randall J. Watts, Civil
Deputy Prosecuting Attorney
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