HomeMy WebLinkAbout2018-25-Adopting a supplemental budget
RESOLUTION NO. 2018-25
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET
FOR CHANGES TO THE 2017/19 BIENNIAL BUDGET
Recitals
ORS 294.471 permits the governing body of a municipality to make a supplemental budget for 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.
THE CITY OFASHLAND RESOLVES AS FOLLOWS:
Section 1. In accordance with provisions stated above, the Mayor and City Council of the
City of Ashland determine that it is necessary to adopt a supplemental budget,
establishing the following amendments:
Transfers:
Appropriation Resource
Reserve Fund
Transfer Out 525,000
Interfund Loan 525,000
$ 525,000 $ 525,000
Parks Cl P Fund
Transfer Out 132,843
Parks Capital 132,843
$ 132,843 $ 132,843
Water Fund
Public Works - Operations 1,000,000
Interfund Loan 1,000,000
$ 1,000,000 $ 1,000,000
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Additional appropriations:
Appropriation Resource
General Fund
Fire and Rescue Departrnent 83,089
Grant Revenue 83,089
$ 83,089 $ 83,089
Capital Improvement Fund
Public Works - Facilities 111,000
Public Works - Transfer Out 110,000
Rental Income 221,000
$ 221,000 $ 221,000
Cemetery Trust Fund
Transfer Out 25,000
Interest on Investrnent 25,000
$ 25,000 $ 25,000
Section 2. All other provisions of the adopted 2017-2019 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 19th day of June, 2018, and takes
effect upon signing by the Mayor.
Melissa Huhtala, City Recorder
SIGNED and APPROVED this ~I t day of June, 2018.
Joh trom erg, Mayor
Reviewed as to form:
lZ /l C~
David Lohman, City Attorney
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