Woodburn Urban Renewal Resolution No 2016-03WHEREAS, 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 294.471(1) (f) permits supplemental budgets when "ad
valorem taxes are received during fhe fiscal year in an amount greater than the
amount estimated to be coPected"; 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
fen (10) percent or more of any one of the individual funds contained in the
regular budget for that fiscal year; and
WHEREAS, ORS 294.448(2) requires the governing body to notice the a
budget hearing and a summary of the changes by publishing in the newspaper,
mail, or hand delivery;
WHEREAS, the supplemental budget contained herein is made pursuant to
ORS 294.471, ORS 294.473, and ORS 294.448(2); and
WHEREAS, a pulok hearing was held December 12, 2016 on the
supplemental budget changes, NOW, THEREFORE,
Section 1. That pursuant to the applicable ORS provisions cited above, the
Urban Renewal Agency Board hereby approves the supplemental budget for FY
2016-2017 in the amounts listed in Exhibit °`A."
Approved as to Form:/""nz—�/,o
City Attorney
Kathryn'
Leo
Catel
HFAME
Passed by the Agency
Submitted to the Chair
Approved by the Chair
Hed in the Office of the Recorder
ATTEST:
Heather Pierson, City Recorder
City of Woodburn, Oregon
Page 2 - RESOLUTION NO. 2016-03
4
.4
EXI-IfBIT A
NOTICE OF SUPPLEMENTAL BUDGET HEARING
A public hearing on a proposed supplemental budget for the City of Woodburn Urban Renewal Agency,
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 Dearing will take place on the 12th day of December 2016 at 5:00 prn. 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 December 8, 2:016 at
the City of Woodburn City Hall, 270 Montgomery 5t Woodburn, Oregon 97071, between the hours of 8:00 am
and 5:00 pm.
1 .. Fund Original Supolementai Revised
Urban Renewal Fund (720)
Revenues
Fund Balance
Taxes
Miscellaneous Revenue
Note Proceeds
Revenues Total
Expenditures
Personal Services
Materials & Services
Capital Outlay
Contingency
Expenditures Total
1,700,000
16,311
1,716,311
565,000
50,989
615,989
7,000
5,768
12,768
2,272,000
73,068
2,345,068
84,387
- 84,387
84,000
- 84,000
200,000
73,068 273,068
1,903,613
- 1,903,613
2,272,000
73,068 2,345,068
`Supplemental Capital Outlay increase is for Alleyway project of $73,068 ($72,000 project plus contingency).
I:LAdmintBudgefs12416-17 Sudget\Suppiementa! Budget Reports\16-17 URA Supplemental Budget Hearing Notice 12-12-16