Res 2056 - Supplemental BudgetCOUNCIL BILL NO. 2976
RESOLUTION NO. 2056
A RESOLUTION APPROVING TRANSFERS OF FY 2014-2015 APPROPRIATIONS AND
APPROVING A SUPPLEMENTAL BUDGET
WHEREAS, ORS 294.463(1) permits "transfers of appropriations" within any
fund "when authorized by official resolution or ordinance of the governing body";
and
WHEREAS, ORS 294.463(2) limits "transfers of general operating contingency
appropriations to no more than fifteen (15) percent of the total appropriations of
the fund" unless adopted pursuant to a supplemental budget; and
WHEREAS, transfers made pursuant to any of the above must state the need
for the transfer, the purpose for the authorized expenditure, and the amount of
the appropriation transferred; and
WHEREAS, ORS 294.471(1)(a) permits supplemental budgets when "an
occurrence of 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 the governing body to hold a public
hearing on the supplemental budget when the estimated expenditures
contained in the supplemental budget for fiscal year or budget period differ by
(10) percent or more of any one of the individual funds contained in the regular
budget for that fiscal year; and
WHEREAS, the transfers contained herein are made pursuant to ORS
294.463; and
WHEREAS, the supplemental budget contained herein is made pursuant to
ORS 294.471; and
WHEREAS, a public hearing was held March 9, 2015 on the supplemental
budget changes, 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 2014-15 in the amounts listed in Exhibit "A."
Page 1 - COUNCIL BILL NO. 2976
RESOLUTION NO. 2056
Approved as to Form
Passed by the Counc
Submitted to the Mai
Approved by the Ma
Filed in the Office of i
ATTEST:
Heather Pierson, City Recorder
City of Woodburn, Oregon
Page 2- COUNCIL BILL NO. 2976
RESOLUTION NO. 2056
Exhibit A
City of Woodburn
2014-2015 Supplemental Budget
March 9, 2015
NOTICE
A public hearing on a proposed supplemental budget for the City of Woodburn, Marion County, State of Oregon, for the
fiscal year July 1, 2014 to June 30, 2015 will be held at the City of Woodburn City Hall, 270 Montgomery St Woodburn, Oregon
97071.
The hearing will take place March 9, 2015 at 7:00 pm. The purpose of the hearing is to discuss the
supplemental budget with interested persons.
A copy of the supplemental budget document may be inspected or obtained on or after March 2, 2015 at the City of
Woodburn City Hall, 270 Montgomery St Woodburn, Oregon 97071, between the hours of 8:00 am and 5:00 pm.
SUMMARY OF PROPOSED BUDGET CHANGES
AMOUNTS SHOWN ARE REVISED TOTALS IN THOSE FUNDS BEING MODIFIED
General Fund
Resource Original
Supplem
Revised
Requirement
Original
Supplem
Revised
1 Court 129,337
30,000
159,337
1 Court
129,337
30,000
159,337
2 Recreation 375,762
20,000
395,762
2 Recreation (Fiesta)
375,762
30,000
405,762
3 Administration
203,011
5,000
208,011
3 Contingency
2,292.214
(15,000)
2,277,214
Revised Total Fund Resources
15,470,749
Revised Total Fund Requirements
15,470,749
Comments: Increased revenue & expense for red light camera and Fiesta, personnel costs forAdmin
Sewer Cap Const Fund
Resource Original
Supplem
Revised
Requirement
Original
Supplem
Revised
1
1 Transfers Out
-
53,000
53,000
2
2 Contingency
6,018,000
(53,000) 5,965,000
Revised Total Fund Resources
11,389,250
Revised Total Fund Requirements
11,389,250
Comments: Transfer out forinterest payment on interfund loan
Water Cap Const Fund
Resource Original
Supplem
Revised
Requirement
Original
Supplem
Revised
1 Transfers In 164,221
53,000
217,221
1 Contingency
1,349,221
53,000
1,402,221
2
2
Revised Total Fund Resources 2,612,221 Revised Total Fund Requirements 2,612,221
Comments: Receipt of transfer for interest payment on interfund loan
Information Services Fund
Resource Original Supplem Revised Requirement Original Supplem Revised
1 1 Materials & Services 418,735 (5,700) 413,035
2 2 Capital Outlay 87,529 5,700 93,229
Revised Total Fund Resources 890,088 Revised Total Fund Requirements 8901088
Comments: Transfer for additional capital outlay
Building Fund
Resource Original Supplem Revised Requirement Original Supplem Revised
1 Intergovernmental 152,888 150,000 302,888 1 Materials & Services 270,251 170,000 440,251
2 2 Contingency 286,015 (20,000) 266,015
Revised Total Fund Resources 1 715-8.793-01 Revisetl Total Fund Requirements 1,158,930
Comments: Increased volume - increased revenue, Construction Excise Tax, and professional services