Loading...
Res. 2179 - Supplemental Budget COUNCIL BILL NO. 3164 RESOLUTION NO. 2179 A RESOLUTION APPROVING TRANSFERS OF FY 2021-2022 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 1 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 (1 )(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 September 13, 2021 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 2021-22 in the amounts shown in the summary. Page 1 -COUNCIL BILL NO. 3164 RESOLUTION NO. 2179 SUMMARY OF PROPOSED BUDGET CHANGES AMOUNTS SHOWN ARE REVISED TOTALS IN THOSE FUNDS BEING MODIFIED General Fund 001 Resource Original Change Revised Requirement original Change Revised 1 Revenue 24,369,920 250,000 24,619,920 1 Operating Expenses 24,369,920 250,000 24,619,920 2 2 Operating Expenses 24,619,920 (95,000) 24,524,920 3 Operating Transfer Out 24,524,920 95,000 24,619,920 Revised Total Fund Resources 24,619,920 Revised Total Fund Requirements 24,619,920 Comments: CDBG Grant for the AWARE Food Bank project&Transfer for Library HVAC profect SUMMARY OF PROPOSED BUDGET CHANGES AMOUNTS SHOWN ARE REVISED TOTALS IN THOSE FUNDS BEING MODIFIED Building Fund 123 Resource original Change Revised Requirement Original Change Revised I Revenue 2,630,100 4,500,000 7,130,100 1 Operating Expenses 2,630,100 4,500,000 7,130,I00 2 2 Revised Total Fund Resources 7,130,100 Revised Total Fund Requirements 7,130,100 Comments: Increase in revenue&expense due to high building activity affecting associated fees SUMMARY OF PROPOSED BUDGET CHANGES AMOUNTS SHOWN ARE REVISED TOTALS IN THOSE FUNDS BEING MODIFIED Gen Cap Construction Fund Resource Original Change Revised Requirement Original Change Revised I Revenue 394,790 110,000 494,790 1 Operating Expenses 394,790 110,000 494,790 2 2 Revised Total Fund Resources Revised Total Fund Requirements 494,790 Comments: Increase in revenue&expense due to Library HVAC project Approved as to form: /s/ N. Robert Shields September 13, 2021 APPROVED: Eric Swenson, Mayor Passed by the Council 5tok-mbtr i30t Submitted to the Mayor acr /41 z 0 zj Approved by the Mayor atj2j Filed in the Office of the Recorder ATTEST: Heather Pierson, City Recorder City of Woodburn, Oregon Page 2- COUNCIL BILL NO. 3164 RESOLUTION NO. 2179