Res 2011-02 Appropriation TransfersURBAN RENEWAL RESOLUTION NO. 2011-02
A RESOLUTION APPROVING TRANSFERS OF FY 2010-2011 APPROPRIATIONS AND
APPROVING A SUPPLEMENTAL BUDGET.
WHEREAS, ORS 294.450(1) permits "transfers of appropriations" within any
fund "when authorized by official resolution or ordinance of the governing
body and
WHEREAS, ORS 294.450(2) limits "[t]ranfers of general operating
contingency appropriations to no more than ten (10) 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 294.480(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 294.480(4) 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
then (10) percent or more of any one of the individual funds contained in the
regular budget for that fiscal year"; and
WHEREAS, the following transfer is made pursuant to ORS 294.450; and
WHEREAS, the following supplemental budget is made pursuant to ORS
294.480; a n d
WHEREAS, a public hearing was held to discuss the supplemental budget
changes pursuant to ORS 294.480(4); NOW, THEREFORE,
THE WOODBURN URBAN RENEWAL AGENCY 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 2010-2011 in the amounts listed in Exhibit "A."
Page 1 - RESOLUTION NO. 2011-02
7A
.• ,
Approved as to Form.C'�)
City Attorney
7-1 moi' 2 o /I
Date
APPROVE,p:
4
'",,Kathryn Figley, Ch it
Passed by the Agency bZ l!Al (
Submitted to the Chair 62 I 0l
Approved by the Chair 62 i e
ATTEST: �-
ristina Shear r, ity Recorder
City of Woodburn, Oregon
City
Page 2 - RESOLUTION NO. 2011-02
Woodburn Urban Renewal Agency
2,010-2011 Supplemental Budget
Exhibit A
Fund
Original
Supplemental
Revised
General
Loan Proceeds
-
(250,000)
(250,000)
Materials & Services
40,920
2461500
287,420
Debt Service
227,750
250,000
477,750
Contingency
934,330
(246,500)
687,830