Res. 2130 - Supplemental BudgetCOUNCIL BILL'NO. 3094
RESO
A RESOLUTION APPROVING TRANSFERS
APPROVING A SUPPLEMENTAL BUDGET
WHEREAS, ORS 294.463(1) permits
fund "when authorized by official resoluti
and
WHEREAS, ORS 294.463(2) limits "tra
appropriations to no more than fifteen (1
the fund" unless adopted pursuant to a s
WHEREAS, transfers made pursuant
for the transfer, the purpose for the auth
the appropriation transferred; and
WHEREAS, ORS 294.471(1) (a) pen
occurrence of condition which had no
preparation of a budget for the curren
requires a change in financial planning";
WHEREAS, ORS 294.473 requires 1
hearing on the supplemental budge
contained in the supplemental budget f
ten (10) percent or more of any one o
regular budget for that fiscal year; and
WHEREAS, no public hearing was
because the estimated expenditures co
amount specified by ORS 294.473(1) (a); (
WHEREAS, the transfers containe
294.463; and
WHEREAS, the supplemental bud
ORS 294.471; NOW, THEREFORE,
THE CITY OF WOODBURN RESOLVES
Section 1. That pursuant to the ap
City Council hereby approves the
supplemental budget for FY 2018-19 in tl-
Page 1 - COUNCIL BILL NO. 3094
RESOLUTION NO. 2130
NO. 2130
FY 2018-2019 APPROPRIATIONS AND
transfers of appropriations" within any
h or ordinance of the governing body";
sfers of general operating contingency
) percent of the total appropriations of
pplemental budget; and
any of the above must state the need
zed expenditure, and the amount of
its supplemental budgets when "an
been ascertained at the time of the
year or current budget period which
ind
e governing body to hold a public
when the estimated expenditures
ri fiscal year or budget period differ by
the individual funds contained in the
equired for this supplemental budget
tained in it are less than the threshold
id
herein are made pursuant to ORS
contained herein is made pursuant to
S FOLLOWS:
icable ORS provisions cited above, the
transfers of appropriations and/or
amounts shown in the summary.
Approved as to Form: A
City Attorney Date
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
Page 2 - COUNCIL BILL NO. 3094
RESOLUTION NO. 2130
SUMMARY OF PROPOSED BUDGET CHANGES
GO Debt Service (250)
Resource Original
Change Revised Requirement Amended
Change Revised
1 Fund Balance 960
21,820 22,780 Principal 484,000
40,000 524,000
2 Taxes 546,830
17,450 564,280 Interest 69,230
- 69,230
3Interest 5,440
730 6,170
Revised Total Fund Resources
40,000 593,230 Revised Total Fund Requirements
40,000 593,230
Comments: Debt service adjustment based on increased revenue and beginning fund balance
Approved as to Form: A
City Attorney Date
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
Page 2 - COUNCIL BILL NO. 3094
RESOLUTION NO. 2130