Res. 2234 - Supplemental Budget Parr Rd. Water Treatment Project Completion COUNCIL BILL NO. 3255
RESOLUTION NO. 2234
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 has 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 pursuant to ORS 294, authorizes a $400,000 Reserve
decrease and equal transfer out increase from the Water SDC Fund; and
increases the transfer in of $400,000 to the Water Capital Construction Fund and
authorizes a $400,000 appropriation increase in Water Capital Construction
expenditures; and
WHEREAS, at a regularly scheduled City Council meeting on June 24,
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:
Page 1 - Council Bill No. 3255
Resolution No. 2234
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:
SUMMARYOF 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 3,517,400 3,517,400 1 Operating Transfer Out 675,000 400,000 1,075,000
2 Revenues 1,050,000 1,050,000 Reserve for Future Years 3,892,400 (400,000) 3,492,400
Revised Total Fund Resources 4,567,400 Revised Total Fund Requirements 4,567,400
Comments:Reserves needed for Transfer to Water Capital Construction for additional Parr Rd Treatment project costs
Water Capital Construction-466
Resource Original Change Revised Requirement Original Change Revised
1 Beg.Fund Balance 719,800 719,8001 Capital Expenditures 2,556,800 400,000 2,956,800
2 Misc.Revenue 808,000 808,000
3 Transfer,Other Funds 1,029,000 400,000 1,429,000
Revised Total Fund Resources 2.956.800 71 Revised Total Fund Requirements 2,956,800
r
Comments:Transfer from VlaterSDC for adcUtional Parr Rd Treatmentproject costs
Approved as to form:
City At�6m'ey Date
Frank Loner n, Mayor
Passed by the Council 20,9q
Submitted to the Mayor
Approved by the Mayor Tuyu- a zq
Filed in the Office of the Recorder '-I; , r Via-
ATTEST:
Heather Pierson City Recorder
City of Woodburn, Oregon
Page 1 - Council Bill No. 3255
Resolution No. 2234