Res. 2128 - 2018/2019 Supplemental BudgetCOUNCIL BILL NO. 3089
RESOLUTION NO. 2128
A RESOLUTION APPROVING TRANSFERS OF FY 2018-2019 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 February 25, 2019 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 2018-19 in the amounts shown in the summary.
Page 1 - COUNCIL BILL NO. 3089
RESOLUTION NO. 2128
r
SUMMARY OF PROPOSED BUDGET CHANGES
AMOUNTS SHOWN ARE REVISED TOTALS
IN THOSE FUNDS BEING MODIFIED
General Fund 001
Resource Original
Change Revised
Requirement Amended
Change
Revised
1 Revenues 14,827,640
285,310 15,112,950
Operating Expenses 13,869,540
-
13,869,540
2 Fund Balance 7,717,000
(291,350) 7,425,650
Transfers Out 3,716,090
285,310
4,001,400
3
Contingencies & Reserves 4,959,010
(291,350)
4,667,660
Revised Total Fund Resources
22,538,600
Revised Total Fund Requirements
22,538,600
Comments: Fund balance adjustment
and transfer for property sole
Transit Fund 110
Resource Original
Change Revised
Requirement Original
Change
Revised
I Fund Balance 140,000
(6,000) 134,000
Operating Expenses 639,740
-
639,740
2 Revenue 613,800
156,000 769,800
Capital Outlay -
125,000
125,000
3
-
Transfers Out 4,140
-
4,140
Contingencies & Reserves 109,920
25,000
134,920
Revised Total Fund Resources
F ---- 903,800�
Revised Total Fund Requirements
903,800
Comments: Transit tax and grant revenue changes
General Fund Cap Construction Fund 358
Resource Original
Change Revised
Requirement Original
Change
Revised
1 Grants -
1,065,000 1,065,000
Capital Outlay 3,602,000
1,678,710
5,280,710
2 Transfers in 2,002,000
313,710 2,315,710
3 Other Financing 1,600,000
300,000 1,900,000
3 Playground equip
Revised Total Fund Resources
5,280,710
Revised Total Fund Requirements
5,280,710
Comments: Transfer for projects -Community Center Design and Library Square Playground
Library Enclowmnet Fund 690
Resource Original
Change Revised
Requirement Original
Change
Revised
I Fund Balance 27,300
27,300
Transfer Out -
28,400
28,400
2 Interest Earnings 600
500 1,100
Contingency 27,900
(27,900)
-
3
3
Revised Total Fund Resources
28,400
Revised Total Fund Requirements
28,400
,Comments: Transfer for Library Square Playground project
Passed by the Council
Submitted to the Mayor
Approved by the Mayor
Filed in the Office of the Recorder
ATTEST: I lam
Heather Pierson, City Recorder
City of Woodburn, Oregon
Page 2 - COUNCIL BILL NO. 3089
RESOLUTION NO. 2128