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Res. 2242 - Supplemental Budget FY24-25 COUNCIL BILL NO. 3270 RESOLUTION NO. 2242 A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET AND MAKING APPROPRIATIONS FOR THE GENERAL FUND FOR FY 2024-25 WHEREAS, on June 10, 2024, the Woodburn City Council approved Resolution No. 2232 adopting a budget for the fiscal year 2024-25, 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 $153,000 in additional grant revenue, and appropriation authority to operating expenses in the General Fund; and WHEREAS, a regularly scheduled City Council meeting was held January 13, 2025, 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: Section 1. That pursuant to the applicable ORS provisions cited above, the City Council hereby approves the supplemental budget for FY 2024-25 in the amounts shown in the summary below: Page 1 -COUNCIL BILL NO. 3270 RESOLUTION NO. 2242 SUMMARY OF PROPOSED BUDGET CHANGES AMOUNTS SHOWN ARE REVISED TOTALS IN THOSE FUNDS BEING MODIFIED General Fund-001 Resource Original Change Revised Requirement Original Change Revised 1 Beg.Fund Balance 13,450,490 13,450,490 Operating Expenses 21,929,650 153,000 21,982,650 2 Revenues 22,195,500 153,000 22,348,500 Transfers Out 3,322,600 3,322,600 Contingency&Reserves 10,493,740 10,493,740 Revised Total Fund Resources 35,798,990� Revised Total Fund Requirements 1735,798,990 Comments:Economic Development Division's Strategic Planning and Tourism-based Grant Revenue and Expenditures Approved as to Form: City AttopMey Date APPROVED: Z-7-- Frank Loner6-dn, Mayor Passed by the Council D Submitted to the Mayor Approved by the Mayor 1 Lk' Z Filed in the Office of the Recorder -2s I Lk- 7-' L;Z� ATTEST: Heather Pierson, City Recorder City of Woodburn, Oregon Page 2- COUNCIL BILL NO. 3270 RESOLUTION NO. 2242