HomeMy WebLinkAbout2006-04 Correct Budget Deficiencies
RESOLUTION NO. 2006- 04
A RESOLUTION SETTING FORTH THE CITY OF
ASHLAND'S PLAN TO CORRECT BUDGET
DEFICIENCIES DISCLOSED IN THE FY 2004-05 AUDIT.
Recitals:
A. Oregon Budget law requires the establishment of appropriation levels as
adopted by the elected board as part of the annual or biennium process and limits
expenditures to the amounts set or revised by the elected board.
B. As part of the annual audit of FY 2004-05 the auditors disclosed an over
expenditure of the budget in the Airport Fund, Capital Outlay section of $30,617.
C. As part of the annual review by the Secretary of State, Audit Division, the
financial report for June 30, 2005, included reference to "anticipated or projected" costs
and should have been restricted to known facts per Governmental Accounting
Standards Board (GAS B) Codification Section 2200.1 09h.
THE CITY OF ASHLAND RESOLVES AS FOllOWS:
SECTION 1 At June 1 of each year all City departments will project anticipated
expenditures to year end and report such projections to the Budget Officer in time to
amend the current budget on or before June 30 by City Council action. Such
projections shall include calculations for work in process, equipment, potential accruals
and contractual obligations so as to ensure sufficient appropriation levels are achieved
to avoid violation of Oregon Budget law.
SECTION 2. On or before June 30 of each year City Council will meet and take such
action as necessary as recommended by the Budget Officer and/or revised through
deliberation to ensure Oregon Budget law compliance.
SECTION 3. Additionally, the City department responsible for preparation of the
annual financial report shall follow GASB Codification Section 2200.1 09h in preparation
of the Management Discussion and Analysis section of the annual financial report.
SECTION 4. This resolution takes effect upon signing by the Mayor.
This resolution was read by title only in accordance with Ashland Municipal Code
1- Resolution Regarding FY 2005 OverexpenditureG:\legal\PAUL\FORMS\resolution form.wpd
92.04.090 duly PASSED and ADOPTED this I day of ~<:l.rC;~
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Barbara Christensen, City Recorder
SIGNED and APPROVED this ~ day of ,"",().\~'n
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Reviewed ~ to r~
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/Michael, ,'(Franell, City Attorney
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John J7 Morrison, Mayor
2- Resolution Regarding FY 2005 OverexpenditureG:\legal\PAUL\FORMS\resolution fonn.wpd
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