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Res 2078 - Supplemental BudgetCOUNCIL BILL NO. 3004 RESOLUTION NO. 2078 A RESOLUTION APPROVING TRANSFERS OF FY 2075-2076 APPROPRIATIONS AND APPROVING A SUPPLEMENTAL BUDGET WHEREAS, ORS 294.463(1) permits "transfers of appropriafions" 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 9, 2016 on the supplemental budget changes, NOW, THEREFORE, THE CITY OF WOODBURN RESOLVES AS FOLLOWS: Section 7. That pursuant to the applicable ORS provisions cited above, the City Council hereby approves the transfers of appropriations and supplemental budget for FY 2015-16 in the amounts listed in Exhibit "A." Page 1 - COUNCIL BILL NO. 3004 RESOLUTION NO. 2078 "7)^ Approved as to Form, City Attorney Passed by the Council Submitted to the Mayor Approved by the Mayor Filed in the Of:fice of the Recorder fed C 7 ATTEST: Heather Pierson, City Recorder City of Woodburn, Oregon Page 2 - COUNCIL BILL NO. 3004 RESOLUTION NO. 2078 9 CL� Exhibit A City of Woodburn 2015-2016 Supplemental Budget May 9, 2016 NOTICE A public hearing on a proposed supplemental budget for the City of Woodburn, Marion County, State of Oregon, forth fiscal year July 1, 2015 to June 30, 2016 will be held at the City of Woodburn City Hall, 270 Montgomery St Woodburn, Oregon 97071. The hearing will take place May 9, 2016 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 April 27, 2016 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 1 - - 2 Requirement Original Supplem Revised 1 Materials & Services 692,815 125,000 817,815 2 Contingency 171,192 (125,000) 46,192 Revised Total Fund Resources r 909.2381 Revised Total Fund Requirements 909,238 Comments: Increase Materials & Services budget for Workers Camp claims Sewer Cap Const Fund Resource Original Supplem Revised Requirement Original Supplem Revised 1 - - 1 Materials & Services - 1.,000 1,000 2 2 Capital Outlay 6,173,000 (1,600) 6,172,000 Revised Total Fund Resources 6,173,000 Revised Total Fund Requirements 6,173,000 Comments: Increase Materials & Services budget for cleanup of utility billing system Water Cap Const Fund Resource Original Supplem Revised Requirement Original Supplem Revised 1 - 1 Materials & Services - 1,000 1,000 2 2 Capital Outlay 1,089,000 (1,000) 1,088,000 Revised Total Fund Resources F-1,089,0001 Revised Total Fund Requirements 1,089,000 Comments: Increase Materials & Services budgetfor cleanup of utility billing system