Res. 2262 - Authorizing Transfer of Appropriations within the Insurance Fund FY2025-2026 COUNCIL BILL NO. 3303
RESOLUTION NO. 2262
A RESOLUTION AUTHORIZING THE TRANSFER OF APPROPRIATIONS WITHIN THE
INSURANCE FUND FOR THE FISCAL YEAR 2025-2026
WHEREAS, on June 9, 2025, the Woodburn City Council approved a
Resolution adopting a budget for the fiscal year 2025-2026, 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
Insurance Fund are needed in consideration of limited remaining expenditure
authorization and the potential need to expend funds for unforeseen insurance
costs which may arise before the end of the fiscal year. NOW, THEREFORE,
THE CITY OF WOODBURN RESOLVES AS FOLLOWS:
Section 1. Transfer of Appropriations. The following Transfer of
Appropriations within the Insurance Fund for the 2025-2026 fiscal year is hereby
approved:
Insurance Fund(581) Budget Appropriation Transfers In(Out) Revised Appropriation
Expenditures
Materials &Sevices $ 1,032,960 $ 10,000 $ 1,042,960
Contingencies & Reserve $ 427,400 $ (10,000) $ 417,400
Page 1- Council Bill No. 3303
Resolution No. 2262
% J
Approved as to form: w ,�-
City Att ney Date
Approved:
Frank Lon gan, Mayor/
Passed by the Council Sung ( a' oe-
Submitted to the Mayor uti� O\ . 7 o_'
Approved by the Mayor
Filed in the Office of the Recorder Cl io
ATTEST: \1\ Y)__
Heather Pierson City Recorder
City of Woodburn, Oregon
Page 2- Council Bill No. 3303
Resolution No. 2262