Ord 2345 - Supp Budget 2003-04 COUNCIL BILL NO. 2472 ORDINANCE NO. 2345 AN ORDINANCE ADOPTING A SUPPLEMENTAL BUDGET FOR FISCAL YEAR 2003-2004 AND DECLARING AN EMERGENCY. WHEREAS, Oregon State Statute 294.480 allows for the adoption of a supplemental budget during a fiscal year to meet changes in financial planning, and WHEREAS, the Notice of Supplemental Budget Hearing and Financial Summary was published in the Woodburn Independent on August 30,2003 as required under State budget law; and WHEREAS, the City Council held a public hearing on September 8, 2003 to give citizens an opportunity to comment on the proposed 2003-2004 supplemental budget, now, therefore, THE CITY OF WOODBURN ORDAINS AS FOLLOWS: Section 1. That the supplemental budget for fiscal year 2003-2004 is hereby adopted as set forth below, Section 2. That fiscal year 2003-2004 revenues and appropriations are adjusted as follows: Revenues Appropriations GENERAL FUND CAPITAL IMPROVEMENT FUND: Revenue Adjustments: Loan from Traffic Impact Fee Total General Fund CIP Revenue Adjustment Appropriation Adjustments: Capital Outlay - Other Buildings Operating Contingency Total General Fund Appropriation Adjustments $ 370,000 $ 370.000 $ 470,000 (100,000) $ 370.000 TRAFFIC IMPACT FEE FUND: Appropriations Adjustment: Materials & Services - Loan to General Fund CIP Operating Contingency Total Traffic Impact Fee Fund Net Appropriations Adjustment $ 370,000 ( 370,000) -0- Section 3. That if any clause, sentence, paragraph, section or portion of this ordinance for any reason shall be adjudged invalid by a court of competent jurisdiction, such judgment shall be confined in its operation to the clause, sentence, paragraph, section or portion of this ordinance directly involved in the controversy in which such judgment is rendered. Page 1 - COUNCIL BILL NO. 2472 ORDINANCE NO. 2345 Section 4. This ordinance being necessary for the public peace, health and safety, an emergency is declared to exist in that appropriation adjustments are necessary to meet estimated expenditures during the 2003-04 fiscal year and this ordinance shall take effect immediately upon passage by the Council and approval by the Mayor. Approved as to Form: APPROVED City Attorney Passed by the Council Submitted to the Mayor Approved by the Mayor Filed in the Office of the Recorder September 8. 2003 September 10, 2003 September 10. 2003 September 10. 2003 ATTEST:~~4 Mary T ant, Recorder City of Woodburn, Oregon Page 2 - COUNCIL BILL NO. 2472 ORDINANCE NO. 2345