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HomeMy WebLinkAbout2003-22 Budget TransferRESOLUTION NO. 2003-~ A RESOLUTION TRANSFERRING APPROPRIATIONS WITHIN THE 2002-2003 BUDGET 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 transfer appropriations as follows: Street Fund To: Public Works - Local Improvement District From: Contingency $100,000 $100,000 This transfer provides appropriations for construction work on Helman Street sidewalks and designs for the Strawberry and Tolman Creek LIDs. These projects were not anticipated or budgeted in this division for FY 2003 however expenditures became necessary in this category this year and the transfer adjusts the budget accordingly. Water Fund To: Public Works - Distribution SDCs From: Public Works - Distribution Division Public Works - Treatment SDCs Contingency $150,000 $76,OOO $24,OOO $5O,OOO This transfer provides increased appropriations for the Ashland Street Mainline Replacement construction not anticipated for this fiscal year. Wastewater Fund To: Public Works - Construction From: Contingency $200,000 $200,000 This transfer provides increased appropriations for the final phase of the Treatment Plant construction completion ahead of schedule. Construction was originally scheduled for completion early in FY 2003-04 but is proceeding more rapidly than anticipated thus there will be less spent next year. 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 17th day of June, 2003: Barbara Christensen, City Recorder SIGNED and APPROVED this 17th day of June, 2003' Alan W. DeBoer, Mayor Reviewed as to form: Paul Nolte, City Attorney