HomeMy WebLinkAbout2004-20 Supplemental BudgetRESOLUTION NO. 2004- ~)
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET ESTABLISHING
APPROPRIATIONS WITHIN THE 2003-2004 BUDGET
Recitals:
ORS 294.480 permits the governing body of a municipal corporation to make a
supplemental budget for the fiscal year for which the regular budget has been prepared under 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.
d. Other reasons identified per the statutes.
THE CITY OF ASHLAND RESOLVES AS FOLLOWS:
SECTION 1.
Because of the circumstances stated below, the Mayor and City Council
of the City of Ashland determine that it is necessary to adopt a
supplemental budget, establishing appropriations as follows:
General Fund
Appropriation: Administrative Services- Senior Program
Resource: Donations
$2,000
$2,000
To appropriate $2,000 donated by the Soroptimists to the Senior program to fund
emergency reimbursement of senior health care needs.
Community Development Block Grant Fund
Appropriation: Capital Outlay
Resource: Intergovernmental revenue
$200,000
$200,0(~,0
To appropriate up to $200,000 in additional and unanticipated HUD granted money to
acquire two properties necessary for the Affordable Housing program.
Water Fund
Appropriation: Public Works - Forest Lands Management
Resource: Miscellaneous Revenue
$263,000
$263,0O0
To appropriate in Forest Land Management the costs and revenues related to logging
forest interface areas as part of fire protection.
Electric Fund
Appropriation: Other Financing Uses (Interfund Loans)
Resource: Contingency
$100,000
$100,000
To appropriate additional monies to be loaned to Telecommunications Fund :if needed at
year end to meet cash flow requirements. Lending of cash will only occur if necessary.
Telecommunications Fund
Appropriation: Electric Operations
Resource: Interfund Loans
$100,000
$100,000
To recognize additional interfund loan authority if needed at year end depending upon
cash flow requirements. Borrowing of cash will only occur if necessary.
SECTION 2. This resolution takes effect upon signing by the Mayor.
This resolution was read by title only in accordance with Ashland Municipal Code Section
2.04.090 duly PASSED and ADOPTED this 15th day of June, 2004:
Barbara Christensen, City Recorder
SIGNED and APPROVED this 15th day of June, 2004:
Reviewed as to form:
Paul Nolte, City Attorney
Alan W. DeBoer, Mayor