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HomeMy WebLinkAbout2024-25 Close Out Funds Considered Unnecessary and Transfer Remaining Balances to General FundRESOLUTION NO. 2024-25 A RESOLUTION TO CLOSE OUT FUNDS CONSIDERED UNNECESSARY AND TRANSFER REMAINING BALANCES TO THE GENERAL FUND RECITALS: WHEREAS, the Parks General Fund, the Parks Equipment Fund, and the Health Benefits Fund were created for a particular purpose and are now considered unnecessary; and WHEREAS Oregon Revised Statues (ORS) 294.353 dictates the elimination of an unnecessary fiend and the disposition of any balance remaining in the head. THE CITY OF ASHLAND HEREBY RESOLVES AS FOLLOWS: SECTION 1. The remaining balances of the hinds, as show below, will be transferred to the General Fund per ORS 294.353. General Fund Operatng Transfers in Operatng Transfers In Operatng Transfers In Barks General Fund Transfer Out Parks Equipment Fund Transfer Out Health Benefits Fund Transfer Out Additional appropriations: Appropriation Resource 631,966 473,608 2,225,545 $ $ 3,331,118 631,966 $ 631,966 473,608 $ 473,6©8 2,225,545 $ 2,225,545 Total $ 3,331,118 $ SECTION 2. This resolution is effective upon adoption. 3,331,118 Resolution No. 2024-25 Page 1 of 2 This resolution was duly PASSED and ADOPTED this 17th day of September 2024 and takes effect upon signing by the Mayor. SIGNED and APPROVED this 17th day of September 2024. Tonya GrMiani, Mayor Revie,wed as to form: Resolution No. 2024 -2 5 Page 2 of 2