Ord 2385 - Supp Budget 04-05
COUNCIL BILL NO. 2567
ORDINANCE NO. 2385
AN ORDINANCE ADOPTING A SUPPLEMENTAL BUDGET FOR FISCAL YEAR 2004-
2005 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 planningt and
WHEREAS, the Notice of Supplemental Budget Hearing and Financial Summary was
published in the Woodburn Independent on March 19t 2005 as required under State budget law; and
WHEREAS, the City Council held a public hearing on March 28t 2005 to give citizens
an opportunity to comment on the proposed 2004-2005 supplemental budgett nowt therefore,
THE CITY OF WOODBURN ORDAINS AS FOLLOWS:
Section 1. That the supplemental budget for fiscal year 2004-2005 is hereby adopted
as set forth below.
follows:
Section 2. That fiscal year 2004-2005 revenues and appropriations are adjusted as
Revenues
Appropriations
GENERAL FUND:
Appropriations Adjustment:
Transfer to General CIP Fund
Operating Contingency
Net General Fund Appropriation Adjustment
3,500
( 3.500)
- 0 -
GENERAL CIP FUND
Revenue Adjustments:
Transfer from General Fund
OHCS Loan (Association Building)
State Grant (Association Building)
Loan Repayment Received
Interest Income
Total Revenue Adjustments
16,500
25,000
25,000
370,000
11.111
447.611
Appropriation Adjustments:
Capital Outlay - Plaza Project
Capital Outlay - Library Project
Debt Service - Principal
Debt Service - Interest
Total General Fund Appropriation Adjustments
63tOOO
3t500
370tOOO
11.111
447.611
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ORDINANCE NO. 2385
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Revenues
Appropriations
HOUSING REHABILITATION FUND:
Appropriation Adjustment:
Debt Service - Principal
Debt Service - Interest
Operating Contingency
Net Housing Rehabilitation Fund Adjustment
5,000
250
(5.250)
- 0-
~
TRAFFIC IMPACT FEE FUND:
Revenue Adjustments:
Loan Repayment Received
Interest Income
Total Traffic Impact Fee Fund Revenue Adjustments
Appropriations Adjustment:
Operating Contingency
Total Traffic Impact Fee Fund Appropriations Adjustments
370,000
11.111
381.111
381.111
381.111
Section 3. That the City Recorder shall file a true copy of the supplemental budget as
finally adopted in accordance with Oregon Revised Statute 294.555.
Section 4. 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.
Section 5. 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 that will need to be paid within the next 30 days and payment cannot be made until such
time as appropriations are adopted by the Council and this ordinance shall take effect immediately
upon passage by the Council and approval by the Mayor.
Approved as to Form~()NQ-(?>G
City Attorney
APPRO
Passed by the Council
Submitted to the Mayor
Approved by the Mayor
Filed in the Office of the Recorder
ATIEST: m~~
MarY Te ant, Recorder
City of Woodburn, Oregon
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ORDINANCE NO. 2385
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