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Res. 2211- Transfer of appropriatons within the water und for FY 2022-23COUNCIL BILL NO. 3215 RESOLUTION NO. 2211 A RESOLUTION AUTHORIZING THE TRANSFER OF APPROPRIATIONS WITHIN THE WATER FUND FOR THE FISCAL YEAR 2022-23 WHEREAS, on June 13, 2022, the Woodburn City Council approved a Resolution adopting a budget for the fiscal year 2022-2023, wherein funds were appropriated; and WHEREAS, ORS 294.463 provides that transfers of appropriations may be made within a given fund when authorized by Resolution of the City Council; and WHEREAS, the City routinely budgets certain amounts and contingencies to provide budget resources to fund appropriations not anticipated at the time of budget adoption; and WHEREAS, transfers may be made from an operating contingency appropriation to the appropriation category from which it will be expended; and WHEREAS, contingency transfers that in aggregate during a fiscal year do not exceed fifteen percent (15%) of the total appropriations of the fund contained in the original budget may be made through a resolution without adoption of a supplemental budget; and WHEREAS, changes to previously budgeted appropriations in the Water Fund are needed to support Water Supply Materials & Services for increased activity in support of the housing development needs of the City and the unexpecting 10% increase in electricity rates, NOW, THEREFORE, THE CITY OF WOODBURN RESOLVES AS FOLLOWS: Section 1. Transfer of Appropriations. The following Transfer of Appropriations within the Water Fund for the 2022-2023 fiscal year is hereby approved: Page 1 - COUNCIL BILL NO. 3215 RESOLUTION NO. 2211 Water Fund (470) Expenditures Budget Appropriation Transfers In (Out) Revised Appropriation Personnel $ 1,922,100 $ - $ 1,922,100 Materials&Services-Water Supply $ 645,300 $ 100,000 $ 745,300 Materials &Services- Water Admin $ 508,430 $ 508,430 Debt Service $ 1,529,200 $ 1,529,200 Transfer Out $ 2,025,200 $ 2,025,200 Contingencies & Reserve $ 1,375,040 $ (100,000) $ 1,275,040 Total $ 8,005,270 $ 8,005,270 Approved as to form. (� v � U City Attorney Date Approved: Z'�i— Frank Lonerg , Mayor Passed by the Council Submitted to the Mayor Approved by the Mayor Filed in the Office of the Recorder 6 ATTEST: Heather Pierson City Recorder City of Woodburn, Oregon Page 2 - COUNCIL BILL NO. 3215 RESOLUTION NO. 2211