Form revised: December 14, 2010

FISCAL NOTE FOR NON-CAPITAL PROJECTS

Department:	Contact Person/Phone:	CBO Analyst/Phone:
Legislative	Traci Ratzliff/4-8153

Legislation Title:

A RESOLUTION adopting guiding principles and economic development actions and strategies for strengthening and growing the City of Seattle’s economy and creating jobs

Summary of the Legislation:

This resolution adopts guiding principles and economic development actions and strategies for strengthening and growing the City’s economy and creating jobs. 

Background: (Include a brief description of the purpose and context of legislation and include record of previous legislation and funding history, if applicable.)

This legislation establishes key principles and specific strategies and activities that can be undertaken in the short term and long term to help the City and the City’s businesses strengthen and grow.  

Please check one of the following:

__x__ This legislation does not have any financial implications.

(Stop here and delete the remainder of this document prior to saving and printing.)

____    This legislation has financial implications. (Please complete all relevant sections that follow.)

Appropriations:

This table should reflect appropriations that are a direct result of this legislation.  In the event that the project/programs associated with this ordinance had, or will have, appropriations in other legislation, please provide details in the Notes section below.

Fund Name and Number	Department	Budget Control Level*	2011 Appropriation	2012 Anticipated Appropriation
N/A
TOTAL

*See budget book to obtain the appropriate Budget Control Level for your department.

Appropriations Notes: 

N/A

Anticipated Revenue/Reimbursement: Resulting from this Legislation:

This table should reflect revenues/reimbursements that are a direct result of this legislation.  In the event that the issues/projects associated with this ordinance/resolution have revenues or reimbursements that were, or will be, received because of previous or future legislation or budget actions, please provide details in the Notes section below the table.

N/A

Fund Name and Number	Department	Revenue Source	2011 Revenue	2012 Revenue
N/A
TOTAL

Revenue/Reimbursement Notes:

N/A

Total Regular Positions Created, Modified, or Abrogated through this Legislation, Including FTE Impact:

This table should only reflect the actual number of positions affected by this legislation.   In the event that positions have been, or will be, created as a result of other legislation, please provide details in the Notes section below the table.

Position Title and Department	Position # for Existing Positions	Fund Name & #	PT/FT	2011 Positions	2011 FTE	2012 Positions*	2012 FTE*
N/A
TOTAL

* 2012 positions and FTE are total 2012 position changes resulting from this legislation, not incremental changes.  Therefore, under 2012, please be sure to include any continuing positions from 2011.

Position Notes:

N/A

Do positions sunset in the future? 

(If yes, identify sunset date)

N/A

Spending/Cash Flow:

This table should be completed only in those cases where part or all of the funds authorized by this legislation will be spent in a different year than when they were appropriated (e.g., as in the case of certain grants and capital projects).  Details surrounding spending that will occur in future years should be provided in the Notes section below the table.

Fund Name & #	Department	Budget Control Level*	2011 Expenditures	2012 Anticipated Expenditures
N/A
TOTAL

* See budget book to obtain the appropriate Budget Control Level for your department.

Spending/Cash Flow Notes:

N/A

What is the financial cost of not implementing the legislation?

(Estimate the costs to the City of not implementing the legislation, including estimated costs to maintain or expand an existing facility or the cost avoidance due to replacement of an existing facility, potential conflicts with regulatory requirements, or other potential costs.)

N/A

Does this legislation affect any departments besides the originating department?

(If so, please list the affected department(s), the nature of the impact (financial, operational, etc), and indicate which staff members in the other department(s) are aware of the proposed legislation.)  N/A

What are the possible alternatives to the legislation that could achieve the same or similar objectives?  (Include any potential alternatives to the proposed legislation, such as reducing fee-supported activities, identifying outside funding sources for fee-supported activities, etc.)

N/A

Is the legislation subject to public hearing requirements?

(If yes, what public hearings have been held to date, and/or what plans are in place to hold a public hearing(s) in the future?)

No

Other Issues: (Include long-term implications of the legislation.)

List attachments to the fiscal note below: