Res. 2226- Supplemental Budget 2023-2024 for Parr Road Water Treatment Project COUNCIL BILL NO. 3238
RESOLUTION NO. 2226
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET AND APPROVING TRANSFERS
OF APPROPRIATIONS FOR FY 2023-2024 FOR THE PARR ROAD WATER TREATMENT
PROJECT COMPLETION
WHEREAS, on June 12, 2023, the Woodburn City Council approved
Resolution No. 2209 adopting a budget for the fiscal year 2023-2024, wherein
funds were appropriated; and
WHEREAS, ORS 294.463(3) permits "transfers of appropriation or of
appropriations and an equal amount of budget resources may be made
between funds of the municipal corporation when authorized by ordinance or
resolution of the governing body'; and
WHEREAS, ORS 294.471 (1)(a) permits supplemental budgets when "an
occurrence or condition which had not been ascertained at the time of the
preparation of a budget for the current year or current budget period which
requires a change in financial planning"; and
WHEREAS, ORS 294.473 requires a governing body to hold a public hearing
on a supplemental budget when the estimated expenditures contained in the
supplemental budget for fiscal year or budget period differ by ten (10) percent
or more of any one of the individual funds contained in the regular budget for
that fiscal year; and
WHEREAS, the supplemental budget and transfer of appropriation
contained herein and made pursuant to ORS 294, authorizes a $550,000
beginning fund balance increase and equal transfer out increase from the Water
SDC Fund; and increases the transfer in of $550,000 to the Water Capital
Construction Fund and authorizes a $550,000 appropriation increase in water
capital construction expenditures; and
WHEREAS, at a regularly scheduled City Council meeting on January 22,
2024, a public hearing was held on the supplemental budget changes
summarized below and notice of the hearing was published at least five days prior
to the meeting, NOW, THEREFORE,
THE CITY OF WOODBURN RESOLVES AS FOLLOWS:
Section 1. That pursuant to the applicable ORS provisions cited above, the
City Council hereby approves the transfers of appropriations and supplemental
budget for FY 2023-24 in the amounts shown in the summary below:
Page 1 -COUNCIL BILL NO. 3238
RESOLUTION NO. 2226
SUMMARY OF PROPOSED BUDGET CHANGES
AMOUNTS SHOWN ARE REVISED TOTALS IN THOSE FUNDS BEING MODIFIED
Water SDC-474
Resource Original Change Revised Requirement Original Change Revised
1 Beg.Fund Balance 2,967,400 550,000 3,517,400' Operating Transfer Out 125,000 550,000 675,000
2 Revenues 1,050,000 1,050,000 Reserve for Future Years 3,892,400 3,892,400
Revised Total Fund Resources 4,567,400 Revised Total Fund Requirements 4,567,400
Comments:Higher than budgeted Beginning Fund Balance for Transfer to Water Capital Construction for Parr Rd Treatment project
Water Capital Construction- 466
Resource Original Change Revised Requirement Original Change Revised
1 Beg.Fund Balance 719,800 719,800 I Capital Expenditures 2,006,800 550,000 2,556,800
2 Misc.Revenue 808,000 808,000
3 Transfer,Other Funds 479,000 550,000 1,029,000
Revised Total Fund Resources F 2,556,800 Revised Total Fund Requirements 2,556,800
Comments:Transfer from Water SDC for Parr Rd Treatment project
Approved as to Form:
City Atto ey Date
APPROVED:
Frank Lonen, Mayor
Passed by the Council
Submitted to the Mayor ';V"?-'0z-
Approved
zApproved by the Mayor 2-
Filed in the Office of the Recordersl �
6
ATTEST: LAM P Vc
Heather Pierson, City Recorder
City of Woodburn, Oregon
Page 2-COUNCIL BILL NO. 3238
RESOLUTION NO. 2226