Res 2060 - Supplemental BudgetCOUNCIL BILL NO. 2980
RESOLUTION NO. 2060
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
ten (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 May 11, 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. 2980
RESOLUTION NO. 2060
Approved as to Form: %•�
City Attorney _
Passed by the Council
Submitted to the Mayor
Approved by the Mayor
Filed in the Office of the Recorder
ATTEST: f
Heather Pierson, City Recorder
City of Woodburn, Oregon
Page 2 -COUNCIL BILL NO. 2980
RESOLUTION NO. 2060
Date
UI S
Exhibit A
City of Woodburn
2014-2015 Supplemental Budget
May 11, 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 May 11, 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 May 4, 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
Insurance Fund
Resource Original Supplem Revised Requirement Original Supplem Revised
1 1 Materials & Services 554,076 110,000 664,076
2 2 Contingency 346,902 (110,000) 236,902
Revised Total Fund Resources 954,157 Revised Total Fund Requirements 954,157