HomeMy WebLinkAbout2008-20 Supplemental Budget
RESOLUTION NO. 2008- ~O
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET ESTABLISHING
APPROPRIATIONS WITHIN THE 2007-2008 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 the following additional
appropriations:
Central Service Fund
Appropriations: Administration - Human Resource
Resource: Intergovernmental Revenues
$2.835
$2,835
To recognize a worksite wellness grant received from the City health care provider to use for
annual open enrollment purposes.
Cemetery Trust Fund
Appropriations: Transfer Out
Resource: Interest on Investments
$15.000
$15,000
To recognize higher interest earnings in the Cemetery Trust Fund than budgeted, the City of
Ashland's accounting policies require interest earned to be transferred to the General Fund for
cemetery operations.
063008 Supplemental Budget.Res
Total: Appropriations
$17 835
Total: Resources
$17 835
SECTION 2. All other provisions of the adopted 2007-2008 BUDGET not specifically
amended or revised in this Supplemental Budget remain in full force and effect as stated therein.
SECTION 3. This resolution was duly PASSED and ADOPTED this ~ day of June, 2008:
and takes effect upon signing by the Mayor.
f4;~
Barbara Christensen, City Recorder
SIGNED and APPROVED thisPo day of June, 2008:
Reviewed as to form:
063008 Supplemental Budget.Res