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Res 2086 - Supplemental BudgetCOUNCIL BILL NO. 3019 RESOLUTION NO. 2086 A RESOLUTION APPROVING TRANSFERS OF FY 2016-2017 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 September 26, 2016 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 2016-17 in the amounts listed in Exhibit "A." Page 1 - COUNCIL BILL NO. 3019 RESOLUTION NO. 2086 Approved as to Form: City Attorney F.-TIJ12101 Passed by the Council Submitted to the Mayor Approved by the Mayor Filed in the Office of the Recorder ATTEST: Heather Pierson, City Recorder City of Woodburn, Oregon, Mage 2 - COUNCIL B11- NO. 3019 RESOLUTION NO. 2086 S -) e- -7 -12cr Exhibit A City of Woodburn 2016-2017 Supplemental Budget September 26, 2016 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, 2016 to June 30, 2017 will be held at the City of Woodburn City Hall, 270 Montgomery St Woodburn, Oregon 97071. The hearing will take place September 26, 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 an or after September 21, 2016 at the City of Woodburn City Hall, 270 Montgomery St Woodburn, Oregon 97071, between the hours of 8:00 am and 4:00 pm or on the City's website at www.ci.woodburn.or.us. SUMMARY OF PROPOSED BUDGET CHANGES AMOUNTS SHOWN ARE REVISED TOTALS IN THOSE FUNDS BEING MODIFIED General Fund Cap Construction Fund 358 Resource Original Supplem Revised Requirement Original Supplem Revised 1 State Grant 121,752 121,752 1 Capital Outlay - 225,000 2 Transfers In 103,248 103,248 2 Contingency - Revised Total Fund Resources F 225,000 Revised Total Fund Requirements 225,000 Comment's: Addition of new Capital Construction project for Centennial Park Splash Pad Parks SDC Fund 364 Resource Original Supplem Revised Requirement Original Supplem Revised 1 - - 1 Transfers Out - 103,248 103,248 2 2 Reserve for Future 356,500 (103,248) 253,252 Revised Total Fund Resources 366,500 Revised Total Fund Requirements 366,500 Comments: Transfer for grant match for Centennial Park Splash Pad General Fund 001 Resource Original Supplem Revised Requirement original Supplem Revised 1 - - 1 Transfers Out 207,453 2,596 210,049 2 - 2 Contingency 2,195,399 (2,596) 2,192,803 Revised Total Fund Resources 16,717,658 Revised Total Fund Requirements 1b,710,658 Comments: Correction of revenue received into General Fund instead of Search and Seizure Fund Search & Seizure Fund 132 Resource Original Supplem Revised Requirement Original Supplem Revised 1 Transfers In 2,596 2,596 1 Materials & Services 6,975 2,596 9,571 2 - 2 Contingency - Revised Total Fund Resources 9,571 Revised Total Fund Requirements 9,571 Comments: Correction of revenue received into General Fund instead of Search and Selzure Fund