Loading...
HomeMy WebLinkAbout2025-10 Supplemental Budget Adjustments for 2023-2025 Biennial BudgetRESOLUTION NO.2025-10 A RESOLUTION APPROVING A SUPPLEMENTAL BUDGET AND BUDGET APPROPRIATION ADJUSTMENTS FOR THE 2023-2025 BIENNIAL BUDGET PERIOD BEGINNING JULY 1, 2023, AND REPEALING RESOLUTION 2025-06. RECITALS: A. The City of Ashland 2023-25 Biennium Budget was adopted on June 6, 2023, for the period of July 1, 2023, through June 30, 2025. B. The City of Ashland (City) is authorized by ORS 294.471 to approve a supplemental budget for one or more of the following reasons: 1. 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 fmancial planning. 2. A pressing necessity which was not foreseen at the time of the preparation of the budget for the current year which requires prompt action. 3. 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. C. Resolution 2025-06 was missing information and must be repealed. THE CITY OF ASHLAND HEREBY RESOLVES AS FOLLOWS: SECTION 1. 1. In accordance with ORS 294.741, the following supplemental budget will provide for appropriations that were not anticipated when the 2023-2025 Biennial Budget was adopted: General Fund Fire and Rescue Department Parks Department Intergovernmental Increase Appropriations $76,485 38,085 $114,570 Increase Resource $114,570 $114,570 General Fund: Recognize $76,485 in expenditures related to Fire and Rescue Department conflagration assistance and the related reimbursement revenue. Recognize $38,085 in Parks Department expenditures and the related grant revenue. 2. The following proposed budget adjustments are authorized by ORS 294.463(1) to transfer budget within the same fund: Resolution No. 2025-10 Pagel of 3 Tourism Fund Personnel Services Materials and Services Increase Appropriations $25,000 $25,000 Decrease Appropriations $25,000 $25,000 Tourism Fund: Move $25,000 from Materials and Service expenditures to Personnel Services. 3. The following proposed budget adjustments are authorized by ORS 294.463(3) to transfer appropriations from one fund to another: General Fund Transfers Administration Department Transfers Administration Department Transfers Public Works Department Increase Appropriations $71,297 244,446 720,000 $1,035,743 Decrease Appropriations $71,297 244,446 720,000 $1,035,743 General Fund: Move $71,297 from Administrative Department expenditures to Transfers Out for debt service requirements for the building at 2200 Ashland Street; move $244,446 from Administrative Department expenditures to Transfers Out for purchase of the building at 2200 Ashland Street; move $720,000 from Public Works Department expenditures to Transfers Out for construction of Pioneer Hall and Community Center. Increase Appropriations Increase Resource Debt Service Fund Debt Services $71,297 Transfer In 71,297 $71,297 $71,297 Debt Service Fund: Recognize the Transfer In from the General Fund and appropriate the debt service requirements for the building at 2200 Ashland Street. Resolution No. 2025-10 Page 2 of 3 Capital Improvements Fund Public Works - Construction Capital Outlay Transfer In Public Works - Construction Capital Outlay Transfer In Increase Appropriations $244,446 720,000 $964,446 Increase Resource $244,446 720,000 $964,446 Capital Improvement Fund: Recognize the Transfer In from the General Fund and appropriate $244,446 for the purchase of the building at 2200 Ashland Street and $720,000 for construction on Pioneer Hall and Community Center. SECTION 2. This resolution repeals Resolution No 2025-06. SECTION 3. This resolution is effective upon adoption. Alissa olodzinski, City Recorder SIGNED and APPROVED this 20th day of May 2025. A,�- Tonya draharn, Mayor Reviewed as to form: Resolution No. 2025-10 Page 3 of 3