Loading...
Res. 2157 - 2020-2021 Supplemental Budget COUNCIL BILL NO. 3132 RESOLUTION NO. 2157 A RESOLUTION APPROVING TRANSFERS OF FY 2020-2021 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 (l)(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 July 13, 2020 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 2020-21 in the amounts shown below for the purposes of funding the CDBG Housing Rehab Program Funds, Page 1 - COUNCIL BILL NO. 3132 RESOLUTION NO. 2157 SUMMARY OF PROPOSED BUDGET CHANGES AMOUNTS SHOWN ARE REVISED TOTALS IN THOSE FUNDS BEING MODIFIED Housing Rehabilitation Fund!-137 Resource Original Change Revised Requirement Original Change Revised 1 Material &Services 17,940 413,910 431,850 2 Contingency 413,910 (413,910) - Revised Total Fund Resources Revised Total Fund Requirements 431,850 lComments: Tronsfer of Contingency balance to Materials&Services fear CD8G Housing Rehab Program Funds Approved as to form: Zsl N. Robert Shields July 13, 2020 City Attorney Date APPROVED: Eric Swenson, Mayor Passed by the Council Z'o Submitted to the Mayor 142, Approved by the Mayor 7-2, Filed in the Office of the Recorder Li ATTEST: Heather Pierson, City Recorder City of Woodburn, Oregon Page 2- COUNCIL BILL NO. 3132 RESOLIJT1ON NO. 2157