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HomeMy WebLinkAbout2011-32 Adopting Biennial Budget RESOLUTION NO. okOt 1 -3 a A RESOLUTION ADOPTING A BIENNIAL BUDGET PROCESS FOR THE CITY OF ASHLAND, EFFECTIVE WITH THE TWO FISCAL YEARS BEGINNING JULY 15 2013 THROUGH JUNE 30, 2015, AND THEREAFTER .UNTIL THIS RESOLUTION IS AMENDED OR REPEALLED THE CITY OF ASHLAND RESOLVES AS FOLLOWS: The City of Ashland follows the Oregon Local Budget Laws ORS 294 in preparing its budget. ORS 294.311 provides for Oregon municipalities to adopt a biennium (or two year)budget. The governing body(elected board) decides on whether a biennial budget is prepared. Absent such a decision, ORS requires a one-year budget. Adopting a two year budget process and a biennial budget for the City is thought to provide: • Savings in time and effort by eliminating the formal budget process every other year • Opportunities for better fiscal planning and review in the "second year" • Better control by considering twenty-four months when projecting revenues, expenditures, capital improvements and reserves SECTION 1. Council has set moving to a biennial budget, effective for the FY 2013-2015 period, as a goal. SECTION 2. The City Charter and the Ashland Municipal Code do not prohibit the City from using a biennial budget. SECTION 3. With this resolution, Council directs staff to take the necessary steps to prepare, approve and adopt biennial budgets for the City of Ashland, beginning with the budget for the period of Julyl, 2013, through June 30, 2015. SECTION 4. This resolution takes effect upon signing by.the Mayor. This resolution was read by title only, in accordance with Ashland Municipal Code §2.04.090, and duly SSED and ADOPTED this day of 9ste1 �9f 1. N 0 dwx6e.r 30 (I Barbara Christensen, City Recorder /� ' o SIGNED and APPROVED this day of 19444 ' 2011. o n Stromberg, Mayor Rev' wed as to form: J avid ISAman, City Attorney Page 1 of 1