HomeMy WebLinkAbout2003-25 Adopting Supp. BudgetRESOLUTION NO. 2003-
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET ESTABLISHING
APPROPRIATIONS WITHIN THE 2002-2003 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:
Street Fund
Appropriation: Public Works - Street Operations
Resource: Intergovernmental Revenue
$474,000
$474,O0O
To appropriate $474,000 for the Siskiyou Boulevard Improvement Project representing
the accelerated construction schedule and corresponding unanticipated earlier receipt of
State funds.
Capital Improvements Fund
Appropriation: Materials & Services
Capital Outlay
Resource: Other Financing Sources
$50,000
$1,450,000
SI,500,000
To recognize the $1,500,000 received from the Economic and Community Development
Division via financing on the Community Development/Engineering Services building.
The financing reimburses the fund for monies up-fronted for construction of the new
building and the supplemental budget increase the FY 2002-03 appropriations levels
allowing more construction of the fire station to be done this year.
Telecommunications Fund
Appropriation: Electric - Operations
Debt Service
Resource: Fund Balance - Carry Forward
$1,707,175
$300,0O0
$2,007,175
To appropriate in FY 2003 for construction and debt service related to the capital
financing for Ashland Fiber Network completed too late (June) in FY 2002 to be included
in the adopted budget.
Central Service Fund
Appropriation: Finance - Accounting
Resource: Charges for Services
$60,000
$60,000
To appropriate for the additional staff time related to the early transfer of two Parks &
Recreation positions to the City Finance Department as part of a consolidated services
effort.
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
Paul Nolte, City Attorney
Notice of
Supplemental Budget Hearing
A public hearing on a proposed supplemental budget for the City of Ashland, Jackson County, State of
Oregon, for the fiscal year July 1,2002 to June 30, 2003 will be held at the Civic Center, 1175 East
Main Street, Ashland, Oregon. The hearing will take place on June 17, 2003, at 7:00 p.m. The
purpose of the hearing is to discuss the supplemental budget with interested persons.
A copy of the supplemental budget document may be inspected or obtained on or after June 9, 2003
at the Finance Department, 20 East Main, Ashland, Oregon 97520 between 8:00 a.m. and 5:00 p.m.
A summary of the supplemental budget is presented below.
STREET FUND
Intergovernmental Revenue
Public Works-Street Operations
TOTAL
Resources Rec~uirements
$474,000
$474,000
$474,000 $474,000
To appropriate $474,000 for the Siskiyou Boulevard improvement project representing the accelerated
construction schedule and corresponding unanticipated earlier receipt of state funds.
CAPITAL IMPROVEMENT FUND
Other Financing Sources
Materials & Services
Capital Outlay
TOTAL
$1,500,000
$50,000
$1,450,000
$1,500,000 $1,500,000
To recognize the $1,500,000 received from the Oregon Economic and Community Development
Division via financing on the Community Development/Engineering Services building and increase
appropriations allowing an expedited construction schedule on the fire station.
TELECOMMUNICATIONS FUND
Fund Balance - Carry Forward
Electric Operations
Debt Service
TOTAL
$2,007,175
$1,707,175
$300,000
$2,007,175 $2,007,175
To appropriate $1,707,175 for construction and $300,000 for debt service related to the capital
financing for Ashland Fiber Network completed late in June 2002.
CENTRAL SERVICE FUND
Charges for Services $60,000
Finance-Accounting
TOTAL $60,000
$60,000
$60,000
To appropriate for the additional staff time related to the early transfer of two Parks & Recreation
employees to the City Finance Department as part of a consolidated services effort.
TOTAL ALL FUNDS $4,041,175 $4,041,175