HomeMy WebLinkAbout1995-14 Transfer AppropriationsA RESOLUTION TRANSFERRING APPROPRIATIONS WITHIN THE
1994-95 BUDGET
THE CITY OF ASHLAND RESOLVES AS FOLLOWS:
SECTION 1,
Due to the circumstances stated below, the Mayor and City Council of the City of Ashland
determine that it is necessary to transfer appropriation as follows:
GENERAL FUND
To
Social Services - Travelers Aid
Police Department - Crime Prevention
Fire Department - Overtime
Miscellaneous - Recycle Grant program
Miscellaneous - Bad Debts
Miscellaneous - Cable Access
Economic Development - SOREDI
Total
$ 2,000
5,0OO
9,000
10,000
2,500
35,000
3.500
67,000
From Contingency 67,000
The social service allocation allows for the expenditure of donated monies. The crime prevention
expenditure of $5,000 was offset by a donation of a like amount. The Fire Department overtime
was incurred on the Hull Mountain Fire and was reimbursed. The recycle grant was carried over
from the previous budget year. The miscellaneous bad debt expense represents a one-time write
off. The Cable Access appropriation will cover payment of the Peg Access fee which will be
doubled in this fiscal year due to the late receipt of these monies last year. The SOREDI
expenditure was directed by City Council in July of 1994.
CAPITAL IMPROVEMENTS FUND
To
Transfer to Debt Service
Transfer to Golf Course
Total
65,000
17,000
From Capital Outlay 82,000
The monies set aside for the Golf Course in the City Capital Improvements Fund (monies from the
lease and the golf surcharge) were higher than expected. Therefore the Budget should be increased
so all these monies can be transferred to the new Golf Course Fund.
CENTRAL SERVICES
To Administration Professional fees
From Contingency
6.500
$ 6,500
This will cover costs associated with Council facilitation and the job classification study.
WATER FUND
To Debt Service principal
Debt Services Interest
Capital Outlay - WTP
Total
$ 85,500
165,000
99.000
349,500
From
Transfer to General Bond Fund - Operations
Transfer to General Bond Fund - Construction
Contingency
Total
59,500
90,000
200.000
349,500
The original budget called for a general obligation bond. The City chose to issue a revenue bond,
which is accounted for within the fund instead of being transferred to another fund. Also, an
additional $101,000 in debt service was required in this budget year. The second change increases
the capital outlay appropriation for the water treatment plant, which is moving along faster than
originally planned.
GENERAL BOND FUND
To Debt Service
-149.5Q0
From
Transfer from Water Fund- Operations
Transfer from Water Fund- Construction
Total
-59,500
-90.000
-149,500
This debt service is reduced because of the changes to the Water Fund.
EQUIPMENT FUND
To Capital Ou~ay
From Contingency
This appropriation is to cover costs associated with purchasing two water vehicles and an emergency
backup generator for the wastewater treatment plant. One of the used vehicles will replace the
Blazer used in the forest interface patrol.
This resolution was read by title only in accordan .with Ashland Municipal Code §2.04.090 duly
PA D and ADOPTED this a~ day of ~ , 1995.
Barbara Christensen, City Recorder
SIGNED and APPROVED this '-~ day of//~/-- , 1995.
Catherine M. Golden, Mayor