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HomeMy WebLinkAbout2010-26 Supplemental Budget 2010-2011 RESOLUTION NO. 2010-~(o A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET ESTABLISHING APPROPRIATIONS WITHIN THE 2010-2011 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: General Fund Appropriation: Police Department $78,000 $78.000 Resource: Intergovernmental Revenues $78,000 $78.000 To appropriate $78,000 of Asset Forfeiture monies received and dedicated to qualifying police department expenditures including training, equipment and operations. Central Services Fund Appropriation: Administration Department $ 2,820 $ 2.820 Resource: Intergovernmental Revenues $ 2,820 $ 2.820 Page 1 0[2 To appropriate $2,820 of CIS Wellness Grant monies received for use in activities related to maintaining or improving employee health with a goal to reduce future benefit costs to the City. TOTAL ALL FUNDS $80.820 $80.820 SECTION 2. All other provisions of the adopted 2010-2011 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 l day of September, 01010 2010 a takes effect upon signing by the Mayor. Barbara Christensen, City Recorder SIGNED and APPROVED this ~ day of September, 2010: Reviewed as to form: Page 2 of2