Res. 2227-Supplemental Budget 2023-2024 General Fund, Building Inspection fund, Water fund, sewer fund, Insurance fund COUNCIL BILL NO. 3239
RESOLUTION NO. 2227
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET AND MAKING
APPROPRIATIONS FOR THE GENERAL FUND, BUILDING INSPECTION FUND, WATER
FUND, SEWER FUND, AND INSURANCE FUND FOR FY 2023-2024
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 294.471 (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 294.471 (1)(c) permits supplemental budgets when "funds
that are made available by another unit of federal, state or local government
and the availability of which could not reasonably be foreseen when preparing
the original budget or a previous supplemental budget for the current year or
current budget period"; and
WHEREAS, Under ORS 294.471 (3), a supplemental budget in which no fund
changes more than 10% can be adopted at a regularly scheduled meeting of
the governing body without a public hearing; and
WHEREAS, the supplemental budget contained herein and made pursuant
to ORS 294.471 , authorizes (i) $450,000 in additional grant revenue, additional
$260,000 state loan revenue and appropriation authority to Operating Expenses
for both in the General Fund; (ii) revenue and appropriation authority in operating
expenditures of $300,000 in the Building Inspection Fund; (iii) revenue and
appropriation authority of $20,000 operating expenditures in the Water Fund; (iv)
a beginning fund balance and operating expenditure increase of$500,000 in the
Sewer Fund; and (v) a beginning fund balance and operating expenditure
increase of $50,000 in the Insurance Fund; and
WHEREAS, a regularly scheduled City Council meeting was held January 22,
2024, on the supplemental budget changes and notice of the meeting was
published at least five days prior to the meeting, NOW, THEREFORE,
THE CITY OF WOODBURN RESOLVES AS FOLLOWS:
Page 1 -COUNCIL BILL NO. 3239
RESOLUTION NO. 2227
Section 1. That pursuant to the applicable ORS provisions cited above, the
City Council hereby approves the supplemental budget for FY 2023-24 in the
amounts shown in the summary below:
SUMMARY OF PROPOSED BUDGET CHANGES
AMOUNTS SHOWN ARE REVISED TOTALS IN THOSE FUNDS BEING MODIFIED
General-001
Resource Original Change Revised Requirement Original Change Revised
1 Beg.Fund Balance 10,470,720 10,470,720 I Operating Expenses 19,959,900 710,000 20,669,900
2 Revenues 20,332,810 710,000 21,042,810 Transfers Out 166,470 166,470
Contingency&Reserves 10,677,160 10,677,160
Revised Total Fund Resources 31,513,530 Revised Total Fund Requirements 31,513,530
Comments:CDBG grant allocated for Rental Assistance Program&State loan for Community Center financing consultation
Building Inspection Fund-123
Resource Original Change Revised Requirement Original Change Revised
1 Beg.Fund Balance 7,474,300 7,474,300 I Operating Expenses 2,779,360 300,000 3,079,360
2 Revenues 3,483,380 300,000 3,783,380 Contingencies&Reserve 8,178,320 8,178,320
Revised Total Fund Resources 11,257,680 Revised Total Fund Requirements 11,257,680
Comments:Higher than budgeted CET and Plan Check Fee revenue to CET expenditure and Other Prof Services
Water Fund -470
Resource Original Change Revised Requirement Original Change Revised
1 Beg.Fund Balance 1,834,600 1,834,6001 Operating Expenses 3,621,190 20,000 3,641,190
2 Charges for Goods 5,097,450 20,000 5,117,450
&Services Debt Service 2,272,000 2,272,000
3 Misc.Revenue 118,000 118,000 Transfers Out 414,000 414,000
Contingencies&Reserve 742,860 742,860
Revised Total Fund Resources 7,070,050 Revised Total Fund Requirements 7,070,050
Comments:Higher than budgeted Water Sales Revenue for Water Tank maintenance
Sewer Fund-472
Resource Original Change Revised Requirement Original Change Revised
1 Beg.Fund Balance 15,161,480 500,000 15,661,480( Operating Expenses 5,506,350 500,000 6,006,350
2 Revenues 9,723,000 9,723,000 Transfers Out 2,185,000 2,185,000
Contingencies&Reserve 17,193,130 17,193,130
Revised Total Fund Resources 25,384,480 Revised Total Fund Requirements 25,384,480
Comments:Higher than budgeted Beginning Fund Balance for Emergency Sewer Pipe Repairs
Insurance Fund-581
Resource Original Change Revised Requirement Original Change Revised
1 Beg.Fund Balance 753,400 50,000 803,4001 Operating Expenses 960,720 50,000 1,010,720
2 Revenues 757,050 757,050 Contingencies&Reserve 549,730 549,730
Revised Total Fund Resources 1,560,450 Revised Total Fund Requirements 1,560,450
Comments:Higher than budgeted Beginning Fund Balance to offset higher than expected Insurance Fund costs
JApproved as to Form: / • lrr � 2 Z 'q
City AttgXey Date
APPROVED:
Frank Lonergan", Mayor
Page 2- COUNCIL BILL NO. 3239
RESOLUTION NO. 2227
Passed by the Council LiaooUG 2®�
Submitted to the Mayor dg-�,
Approved by the Mayor zoLl
-t.
Filed in the Office of the Recorder
ATTEST:
Heather Pierson, City Recorder
City of Woodburn, Oregon
Page 3-COUNCIL BILL NO. 3239
RESOLUTION NO. 2227