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TCDA Resolution No. 22-04 CITY OF TIGARD, OREGON TIGARD TOWN CENTER DEVELOPMENT AGENCY RESOLUTION NO. 22- 0 y A RESOLUTION TO ADOPT THE FY 2023 FIRST QUARTER BUDGET SUPPLEMENTAL INCLUDING BUDGET ADJUSTMENTS TO TOWN CEN.1ER.DEVELOPMENT AGENCY (TCDA) URBAN DEVELOPMENT. WHEREAS, the TCDA acknowledges those items that were unknown at the time the FY 2023 budget was adopted;and WHEREAS,the TCDA recognizes approximately$243,000 of unanticipated budget in operations and transfers; and WHEREAS,the increase in budget is offset by$243,000 of unanticipated fund balance. NOW,THEREFORE,BE IT RESOLVED by the Tigard Town Center Development Agency that: SECTION 1: The FY 2022-23 budget is hereby amended Q1 Supplemental Summary Exhibit B. SECTION: This resolution is effective immediately upon passage. PASSED: This 7�h day of yip./ 02022. Chair- ' DA A 1TEST: Recorder-TCDA 6' RESOLUTION NO.22-c)4/ Page 1 Exhibit B Town Center Development Agency FY 2023 Revised City Center Capital Improvements Adopted Q1TCDA01 Q1 Resources Beginning Fund Balance $ 4,392,128 $ 243,000 $ 4,635,128 Property Taxes $ - $ - $ - Franchise Fees $ - $ - $ - Special Assessments $ - $ - $ - Licenses&Permits $ - $ - $ - Intergovernmental $ 1,818,000 $ - $ 1,818,000 Charges for Services $ - $ - $ - Fines&Forfeitures $ - $ - $ - Interest Earnings $ 10,868 $ - $ 10,868 Miscellaneous $ - $ - $ - Other Financing Sources $ 900,000 $ - $ 900,000 Transfers In from Other Funds $ 349,500 $ - $ 349,500 Total Resources $ 7,470,496 $ 243,000 $ 7,713,496 Requirements TCDA $ 394,500 $ - $ 394,500 Community Services $ - $ - $ - Policy and Administration $ - $ - $ - Public Works $ - $ - $ - Program Expenditures Total $ 394,500 $ - $ 394,500 Debt Service $ - $ - $ - Loan to TCDA $ - $ - $ - Work-In-Progress $ 200,000 $ 243,000 $ 443,000 Transfers to Other Funds $ - $ - $ - Contingency $ - $ - $ - Total Budget $ 594,500 $ 243,000 $ 837,500 Reserve For Future Expenditure $ 6,875,996 $ - $ 6,875,996 Total Requirements $ 7,470,496 $ 243,000 $ 7,713,496