HomeMy WebLinkAbout2026-03 Approving Supplemental Budget and Budget Adjustements for 2025-2027 Biennial Budget RESOLUTION NO. 2026-03
A RESOLUTION APPROVING A SUPPLEMENTAL BUDGET AND BUDGET
APPROPRIATION ADJUSTMENTS FOR THE 2025-2027 BIENNIAL BUDGET PERIOD
BEGINNING DULY 1,2025.
RECITALS:
A. The City of Ashland 2025-27 Biennium Budget was adopted on June 6,2025,for the period
of July 1, 2025,through June 30, 2027.
THE CITY OF ASHLAND HEREBY RESOLVES AS FOLLOWS:
SECTION 1.
1. The following proposed budget adjustments are authorized by ORS 294.473. Oregon Budget
Law requires a public hearing and published summary of changes if the proposed supplemental
budget will change any fund's expenditures by more than 10 percent. The change to the Capital
Improvement Fund expenditures is greater than 10 percent, therefore a public hearing will be
held and the following proposed budget adjustments are requested:
Increase Appropriation Decrease Appropriation
General Fund
Transfer Out $200,000
Contingency — $200,000
$200,000 $200,000
General Fund: Reduce Contingency and increase expenditure appropriation by $200,000 in
Transfers Out due to the cost of the remodel of Pioneer Hall and Community Center.
Increase Appropriation Increase Resource
Capital Improvement Fund
Public Works—Capital Outlay $200,000
Transfer In $200,000
$200,000 $200,000
Capital Improvement Fund: Recognize the Transfer In from the General Fund and appropriate the
capital outlay requirements for the remodel of Pioneer Hall and Community Center. Per ORS
294.473, renumbered from 294.480,this budget adjustment brings the Capital Improvement Fund
resources for the 2025-27 biennium budget to$958,634 and the Capital Improvement Fund,Public
Works—Construction Capital Outlay requirements to $958,634.
Resolution No.2026-03 Page 1 of 2
SECTION 2. This resolution is effective upon adoption.
A � j -"I I/ j i ,�A
Xiis's,avitro-locyZinsii, i y Recorder
SIGNED and APPROVED this 21 st day of April 2026.
Tonya GrYham,Mayor
Reviewed as rm:
Jo Pietil ity A orney
v
Resolution No.2026-03 Page 2 of 2