HomeMy WebLinkAboutOrdinance No. 2017-001-TBD Adopting the Transportation Benefit District Budget for the year 2018ARLINGTON TRANSPORTATION BENEFIT DISTRICT
Arlington, Washington
ORDINANCE NO. 2017-001 TBD
AN ORDINANCE OF THE GOVERNING BOARD OF THE ARLINGTON
TRANSPORTATION BENEFIT DISTRICT ADOPTING THE BUDGET FOR
THE YEAR 2018
WHEREAS, subsequent to due notice and public hearing thereon, the Arlington
Transportation Benefit District Governing Board has approved the annual budget for the year
2018;
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BOARD OF THE
ARLINGTON TRANSPORTATION BENEFIT DISTRICT OF THE CITY OF ARLINGTON,
WASHINGTON AS FOLLOWS:
1. The expenditures budget of the District for the calendar year ending December 31, 2018
of $1,316,500 is hereby adopted (Exhibit 1 attached)
Passed by the Governing Board of the Arlington Transportation Benefit District, Arlington
Washington, at a regular open public meeting held on this 4th day of December, 2017.
ARLINGTON TRANSPORTATION BENEFIT DISTRICT
w
liarbara Tolbert,Chairperson
ATTEST:
Kristin Banfield, Board Clerk
APPROVED AS TO FORM:
Steve 1 J ei e, Board Attorney
Exhibit 1
Arlington Transportation Benefit District
2018 Preliminary Budget
Beginning Fund Balance
S
504,700
Revenues
Sales Tax Receipts 952,481
Interest Income 3,000
Total Revenues 1,460,181
Expenditures
Transportation Improvement Project Costs $ 1,310,000
Insurance - WCIA 2,500
Audit 4,000
Total Expenditures 1,316,500
Ending Fund Balance $ 143,681