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Resolution No. 22-16 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL RESOLUTION NO. 22-146 A RESOLUTION TO ADOPT THE FY 2022 FOURTH QUARTER BUDGET SUPPLEMENTAL INCLUDING BUDGET ADJUSTMENTS TO COMMUNITY DEVELOPMENT, COMMUNITY SERVICES,PUBLIC WORKS,AND POLICY AND ADMINISTRATION WHEREAS,the city acknowledges those items that were unknown at the time the FY 2022 budget was adopted; and WHEREAS,the city recognizes approximately$130,000 of unanticipated budget in operations and transfers;and WHEREAS, the increase in budget is offset by unanticipated fund balance,miscellaneous revenue,reserve for future expenditures,and contingency. NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that: SECTION 1: The FY 2021-22 Budget is hereby amended as detailed in Exhibit B. SECTION: This resolution is effective immediately upon passage. PASSED; This—. f S't day of _2022. Mayor City of Tigard ATTEST: (rte GZ City Recorder-City of T d RESOLUTION NO.22-L'e5-. Page 1 Exhibit B Total All Funds FY 2022 Q4 Revised Total All Funds Revised Q3 Amendment Q4 Resources Beginning Fund Balance $ 186,813,599 $ - $ 186,813,599 Property Taxes $ 23,265,605 $ $ 23,265,605 Franchise Fees $ 6,701,356 $ $ 6,701,356 Special Assessments $ 50,000 $ $ 50,000 Licenses&Permits $ 17,881,070 $ $ 17,881,070 Intergovernmental $ 16,256,042 $ $ 16,256,042 Charges for Services $ 56,719,220 $ - $ 56,719,220 Fines&Forfeitures $ 2,229,590 $ - $ 2,229,590 Interest Earnings $ 1,911,000 $ - $ 1,911,000 Miscellaneous $ 683,656 $ - $ 683,656 Other Financing Sources $ 25,298,270 $ $ 25,298,270 Transfers In from Other Funds $ 59,702,059 $ 65,000 $ 59,767,059 Total Resources $ 397,511,467 $ 65,000 $ 397,576,467 Requirements Community Development $ 7,737,484 $ - $ 7,737,484 Community Services $ 30,723,709 $ 65,000 $ 30,788,709 Policy and Administration $ 20,088,946 $ 41,600 $ 20,130,546 Public Works $ 32,813,588 $ - $ 32,813,588 Program Expenditures Total $ 91,363,727 $ 106,600 $ 91,470,327 Debt Service $ 9,672,764 $ - $ 9,672,764 Loan to TCDA $ 1,000 $ - $ 1,000 Work-In-Progress $ 81,320,375 $ - $ 81,320,375 Transfers to Other Funds $ 58,385,559 $ 65,000 $ 58,450,559 Contingency $ 2,564,912 $ (41,600) $ 2,523,312 Total Budget $ 243,308,337 $ 130,000 $ 243,438,337 Reserve For Future Expenditure $ 154,203,130 $ (65,000) $ 154,138,130 Total Requirements $ 397,511,467 $ 65,000 $ 397,576,467 Exhibit B General Fund FY 2022 Revised General Fund Revised Q3 Q4CM01 Q4 Resources Beginning Fund Balance $ 29,309,592 $ - $ 29,309,592 Property Taxes $ 18,452,556 $ $ 18,452,556 Franchise Fees $ 6,701,356 $ $ 6,701,356 Special Assessments $ - $ $ - Licenses&Permits $ 1,132,119 $ $ 1,132,119 Intergovernmental $ 7,969,892 $ $ 7,969,892 Charges for Services $ 242,743 $ $ 242,743 Fines&Forfeitures $ 2,128,301 $ - $ 2,128,301 Interest Earnings $ 300,675 $ - $ 300,675 Miscellaneous $ 369,144 $ - $ 369,144 Other Financing Sources $ - $ - $ - Transfers In from Other Funds $ 244,000 $ 65,000 $ 309,000 Total Resources $ 66,850,378 $ 65,000 $ 66,915,378 Requirements Community Development $ 4,567,392 $ - $ 4,567,392 Community Services $ 28,194,680 $ 65,000 $ 28,259,680 Policy and Administration $ 1,676,325 $ - $ 1,676,325 Public Works $ - $ - $ - Program Expenditures Total $ 34,438,397 $ 65,000 $ 34,503,397 Debt Service $ - $ - $ - Loan to TCDA $ 1,000 $ $ 1,000 Work-In-Progress $ - $ $ - Transfers to Other Funds $ 4,498,714 $ $ 4,498,714 Contingency $ 626,712 $ $ 626,712 Total Budget $ 39,564,823 $ 65,000 $ 39,629,823 Reserve For Future Expenditure $ 27,285,555 $ - $ 27,285,555 Total Requirements $ 66,850,378 $ 65,000 $ 66,915,378 Exhibit B Transient Lodging Tax Fund FY 2022 Revised Transient Lodging Tax Fund Revised Q3 Q4CM01 Q4 Resources Beginning Fund Balance $ 727,638 $ - $ 727,638 Property'Taxes $ $ $ - Franchise Fees $ - $ $ - Special Assessments $ $ $ - Licenses&Permits $ $ - $ - Intergovernmental $ 370,978 $ - $ 370,978 Charges for Services $ - $ - $ - Fines&Forfeitures $ - $ - $ - Interest Earnings $ 3,600 $ - $ 3,600 Miscellaneous $ - $ - $ - Other Financing Sources $ $ - $ Transfers In from Other Funds $ $ - $ Total Resources $ 1,102,216 $ - $ 1,102,216 Requirements Community Development $ - $ $ - Community Services $ $ - $ Policy and Administration $ $ - $ Public Works $ $ - $ Program Expenditures Total $ - $ - $ - Debt Service $ $ $ - Loan to TCDA $ - $ $ - Work-In-Progress $ $ - $ - Transfers to Other Funds $ 260,863 $ 65,000 $ 325,863 Contingency $ - $ - $ - Total Budget $ 260,863 $ 65,000 $ 325,863 Reserve For Future Expenditure $ 841,353 $ (65,000) $ 776,353 Total Requirements $ 1,102,216 $ - $ 1,102,216 Exhibit B Central Services Fund FY 2022 Revised Central Services Fund Revised Q3 Q4CM02 Q4 Resources Beginning Fund Balance $ 3,136,865 $ - $ 3,136,865 Property Taxes $ - $ $ - Franchise Fees $ $ $ - Special Assessments $ - $ $ - Ucenses&Permits $ - $ $ - Intergovemmental $ 38,150 $ - $ 38,150 Charges for Services $ 12,428,617 $ $ 12,428,617 Fines&Forfeitures $ - $ - $ - Interest Earnings $ - $ - $ - Miscellaneous $ 90,000 $ $ 90,000 Other Financing Sources $ - $ $ - Transfers In from Other Funds $ 1,225,710 $ - $ 1,225,710 Total Resources $ 16,919,342 $ - $ 16,919,342 Requirements Community Development $ $ $ - Community Services $ - $ - $ - Policy and Administration $ 15,377,402 $ 41,600 $ 15,419,002 Public Works $ - $ - $ - Program Expenditures Total $ 15,377,402 $ 41,600 $ 15,419,002 Debt Service $ - $ - $ - Loan to ICDA $ - $ - $ Work-In-Progress $ - $ - $ Transfers to Other Funds $ - $ - $ - Contingency $ 213,200 $ (41,600) $ 171,600 Total Budget $ 15,590,602 $ - $ 15,590,602 Reserve For Future Expenditure $ 1,328,740 $ - $ 1,328,740 Total Requirements $ 16,919,342 $ - $ 16,919,342