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Res. 2182 - FY 2021-2022 Supplemental Budget COUNCIL BILL NO. 3172 RESOLUTION NO. 2182 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 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 January 24, 2022 on the supplemental budget changes, NOW, THEREFORE, THE CITY OF WOODBURN RESOLVES ASFOLLOWS: 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 I - COUNCIL BILL NO. 3172 RESOLUTION NO. 2182 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 1 Revenue 7,175,710 2,900,000 10,075,710 1 Operating Expenses 7,175,710 2,900,000 10,075,710 Revised Total Fund Resources 10,075,710 Revised Total Fund Requirements 10,075,710 Comments: Increase in revenue&expense due to high building activity affecting Building Permits,Construction Excise Tax,and State Surcharges Approved as to Form: 112J1 zo ez— City Attorney Dat APPROVED: Eric Swenson, ayor Passed by the Council Submitted to the Mayor Approved by the Mayor Filed in the Office of the Recorder ATTEST: Heather Pierson, City Recorder City of Woodburn, Oregon Page 2- COUNCIL BILL NO. 3172 RESOLUTION NO. 2182