URA Resolution 2018-02 - 2018/19 Supplemental Budget WOODBURN URBAN RENEWAL AGENCY RESOLUTION NO. 2018-02
A RESOLUTION APPROVING A FY 2018-19 SUPPLEMENTAL BUDGET
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 294.471 (1 )(f) permits supplemental budgets when "ad
valorem, taxes are received during the fiscal year in an amount greater than the
amount estimated to be collected"; and
WHEREAS, the supplemental budget contained herein is made pursuant to
ORS 294.471 , NOW, THEREFORE,
THE WOODBURN URBAN RENEWAL AGENCY RESOLVES AS FOLLOWS:
Section 1. That pursuant to the applicable ORS provisions cited above, the
Urban Renewal Agency Board hereby approves the supplemental budget for FY
2018-19 in the amounts listed in Exhibit "A."
Approved as to Form: _ 10 -7
City Attorney
APPROVED: _
tIgry Figley, ;h it
Passed by the Agency Olt
Submitted to the Chair
Approved by the Chair .a&ye
Filed in the Office of the Recorder
ATTEST:
-UlA
Heather Pierson, City Recorder
City of Woodburn, Oregon
Page 1 - RESOLUTION NO, 2018-02
EXHIBIT A
October 29,2018
Urban Renewal Agency Board Meeting
FY 2018-19 Supplemental Budget for Purchase of Property
Urban Renewal Fund (720) Original Supplemental Revised
Revenues
Fund Balance 2,276,000 7,940 2,283,940
Taxes 682,370 67,600 749,970
Intergovernmental 50,000 50,000
Miscellaneous Revenue 56,630 56,630
Note Proceeds 2,450,000 2,450,000
Revenues Total 5,515,000 75,540 5,590,540
Expenditures
Personal Services 140,180 - 140,180
Materials & Services 229,930 3,740 233,670
Capital Outlay 4,945,000 71,800 5,016,800
Contingency 199,890 - 199,890
Expenditures Total 5,515,000 75,540 5,590,540
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