HomeMy WebLinkAbout2006-03 Adopting Supplemental Budget
RESOLUTION NO. 2006- 03
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET ESTABLISHING
APPROPRIATIONS WITHIN THE 2005-2006 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: Fire Department - Equipment
Resource: Intergovernmental Revenue
$29,771
$29,771
To create an appropriation recognizing a grant from the US Department of Homeland Security
for the purpose of purchasing fire fighting tools and equipment.
CIP Fund
Appropriation: Capital Outlay - Parks
Resource: Interfund Loan
$530,000
$530,000
Wastewater Fund
Appropriation: Interfund Loan
Resource: Working Capital Carryover
$130,000
$130,000
Insurance Fund
Appropriation: Interfund Loan
Resource: Personal Services
$400,000
$400,000
G:\finance\Administration\Council Communication\Budget, transfers, supplementals\Res - Suppl Bud 2006 #3 3-7-06.doc
To create an appropriation by loaning cash from the Wastewater and the Insurance Fund to
purchase open space property for the Park Commission. Repayment will be budgeted in FY
2006-07.
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 l day of March, 2006:
~~~
.
Barbara Christensen, City Recorder
SIGNED and APPROVED this ~ day of March, 2006:
dcrl\}J . ~6X'<l~
John W. Morrison, Mayor
Reviewed as to form:
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G:\finance\Administration\Council Communication\Budget, transfers, supplementals\Res - Suppl Bud 2006 #3 3-7-06.doc
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