HomeMy WebLinkAbout2015-23 Supplemental Budget 2013-2015
RESOLUTION NO.2015- 90
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET
INCREASING APPROPRIATIONS WITHIN THE
2013-2015 BIENNIUM BUDGET
Recitals:
ORS 294.480 permits the governing body of a municipal corporation to make a
supplemental budget for the fiscal year for which the regular budget has been prepared under one
or more of the following reasons:
a. An occurrence or condition which had not been ascertained at the time of the
preparation of a budget for the current year which requires a change in financial
planning.
b. A pressing necessity which was not foreseen at the time of the preparation of the
budget for the current year which requires prompt action.
c. Funds were made available by another unit of federal, state or local government and
the availability of such funds could not have been ascertained at the time of the
preparation of the budget for the current year.
d. Other reasons identified per the statutes.
THE CITY OF ASHLAND RESOLVES AS FOLLOWS:
SECTION 1. Because of the circumstances stated below, the Mayor and City Council
of the City of Ashland determine that it is necessary to adopt a
supplemental budget, establishing the following additional
appropriations:
Insurance Fund
Appropriation: Personnel Services $20,000
Materials & Services $250,000
Transfer $500,000
Resource: Miscellaneous Revenues $500,000
Contingency $270,000
To recognize larger than budgeted revenues in the Insurance Fund and to appropriate and transfer
to the Health Benefits Fund to pay for unanticipated claims costs and insurance premiums for the
self-insurance program. The transfer has been budgeted in BN 2015-2017 and this transfer in
BN 2013-15 is in lieu the budgeted for the coming year.
Health Benefits Fund
Appropriation: Materials & Services $841,795
Resource: Charges for Services $130,000
Miscellaneous Revenues $211,795
Transfer $500,000
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To recognize larger than budgeted revenues in Charges for Services and Miscellaneous Revenues
and proceeds from a Transfer made by the Insurance Fund and appropriating to pay for
unanticipated claims costs and insurance premiums for the self-insurance program.
TOTAL ALL FUNDS $1,611,795 $1,611,795
SECTION 2. All other provisions of the adopted 2013-2015 BIENNIUM BUDGET not
specifically amended or revised in this Supplemental Budget remain in full force and effect as
stated therein.
SECTION 3. This resolution was duly PASSED and ADOPTED this -30 day of June, 2015,
and takes effect upon signing by the Mayor.
Barbara Christensen, City Recorder
SIGNED and APPROVED thisz%Oday of June, 2015:
1
c hn Stro berg, Mayor
Reviewed as to form:
C
D cGeary, Ass stant City Att ey
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