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Ord 2356 - Supp Budget 2003-04 COUNCIL BILL NO. ORDINANCE NO. 2500 2356 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 W oodbum Independent on March 3, 2004 as required under State budget law; and WHEREAS, the City Council held a public hearing on March 8, 2004 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: Appropriation Adjustments: Capital Outlay - Equipment Operating Contingency $ 9,500 ( 9,500) TRAFFIC IMPACT FEE FUND: Appropriations Adjustment: Capital Outlay - Construction I-5@Hwy. 214 Operating Contingency $2,500,000 (2,500,000) STREET FUND: Appropriations Adjustment: Street Striping Operating Contingency $ 6,000 ( 6,000) 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. 2500 ORDINANCE NO. 2356 . - ..._..... ..... ... _._ _-..._______o.__... 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. APprovedastoForm?/.~ ~ City Attorney ~S-;2004- ate Passed by the Council Submitted to the Mayor Approved by the Mayor Filed in the Office of the Recorder March 8. 2004 Ma rch 10, 2004 March 10. 2004 March 10, 2004 ATTEST t11~J Mary Te t, Recorder City of Woodburn, Oregon Page 2 - COUNCIL BILL NO. 2500 ORDINANCE NO. 2356 ..-..,.--....