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Resolution No. 23-02 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL RESOLUTION NO. 23- 0.2 A RESOLUTION TO ADOPT THE FY 2023 SECOND QUARTER BUDGET SUPPLEMENTAL. WHEREAS,the city acknowledges those items that were unknown at the time the FY 2023 budget was adopted; and WHEREAS, the city recognizes approximately $1,860,480 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 2022-23 Budget is hereby amended as detailed in Exhibit B. SECTION: This resolution is effective immediately upon passage. PASSED: This /Ll"2- day of V?G r4 ry 2023. Mayor-City of Tigard ATTEST: u-� f2 City Recorder- City of Tigard U RESOLUTION NO. 23-D Page 1 Exhibit 13 Total All Funds FY 2023 Q2 Revised Q2 Total All Funds Revised Amendment Budget Resources Beginning Fund Balance $ 211,245,198 $ 160,000 $ 211,405,198 Property Taxes $ 24,186,229 $ - $ 24,186,229 Franchise"Fees $ 7,367,594 $ - $ 7,367,594 Special Assessments $ - $ - $ - Licenses&Permits $ 18,847,467 $ - $ 18,847,467 Intergovernmental $ 21,840,235 $ 158,580 $ 21,998,815 Charges for Services $ 63,440,017 $ - $ 63,440,017 Fines&Forfeitures $ 2,138,329 $ - $ 2,138,329 Interest Earnings $ 1,881,000 $ - $ 1,881,000 Miscellaneous $ 457,678 $ 25,100 $ 482,778 Other Financing Sources $ - $ - $ - Transfers In from Other Funds $ 86,648,963 $ 16,800 $ 86,665,763 Total Resources $ 438,052,710 $ 360,480 $ 438,413,190 Requirements Community Development $ 8,091,302 $ 158,580 $ 8,249,882 Community Services $ 33,977,884 $ 1,500,000 $ 35,477,884 Policy and Administration $ 25,457,325 $ - $ 25,457,325 Public Works $ 35,920,452 $ 185,100 $ 36,105,552 Program Expenditures Total $ 103,446,963 $ 1,843,680 $ 105,290,643 Debt Service $ 9,754,690 $ - $ 9,754,690 Loan to CCDA $ 900,000 $ - $ 900,000 Work-In-Progress $ 78,068,862 $ 16,800 $ 78,085,662 Transfers to Other Funds $ 88,466,963 $ 16,800 $ 88,483,763 Contingency $ 2,611,000 $ - $ 2,611,000 Total Budget $ 283,248,478 $ 1,877,280 $ 285,125,758 Reserve For Future Expenditure $ 154,804,232 $ (1,516,800) $ 153,287,432 Total Requirements $ 438,052,710 $ 360,480 $ 438,413,190 Exhibit R General Fund FY 2023 Revised Q2 General Fund Budget Q2CD01 Q2CD02 Q2PW04 Budget Resources Beginning Fund Balance $ 34,384,309 $ - $ - $ - $ 34,384,309 Property Taxes $ 19,180,658 $ - $ - $ - $ 19,180,658 Franchise Fees $ 7,367,594 $ - $ - $ - $ 7,367,594 Special Assessments $ - $ - $ - $ - $ - Licenses&Permits $ 1,121,598 $ - $ - $ - $ 1,121,598 Intergovernmental $ 7,219,734 $ 158,580 $ - $ - $ 7,378,314 Charges for Services $ 234,742 $ - $ - $ - $ 234,742 Fines&Forfeitures $ 2,037,040 $ - $ - $ - $ 2,037,040 Interest Earnings $ 300,675 $ - $ - $ - $ 300,675 Miscellaneous $ 203,166 $ - $ - $ - $ 203,166 Other Financing Sources $ - $ - $ - $ - $ - Transfers In from Other Funds $ 189,000 $ - $ - $ - $ 189,000 Total Resources $ 48,392,206 $ 158,580 $ - $ - $ 48,550,786 Requirements Community Development $ 4,794,956 $ 158,580 $ - $ - $ 4,953,536 Community Services $ 31,170,736 $ - $ 1,500,000 $ - $ 32,670,736 Policy and Administration $ 1,704,638 $ - $ - $ - $ 1,704,638 Public Works $ 74,000 $ - $ - $ (74,000) $ - Program Expenditures Total $ 37,744,330 $ 158,580 $ 1,500,000 $ (74,000) $ 39,328,910 Debt Service $ - $ - $ - $ - $ - Loan to TCDA $ - $ - $ - $ - $ - Work-In-Progress $ - $ - $ - $ - $ - Transfers to Other Funds $ 11,545,099 $ - $ - S - $ 11,545,099 Contingency $ 879,000 $ -- $ - $ - $ 879,000 Total Budget $ 50,168,429 $ 158,580 $ 1,500,000 $ (74,000) $ 51,753,009 Reserve For Future Expenditure $ 22,070,087 $ - $ (1,500,000) $ 74,000 $ 20,644,087 Total Requirements $ 72,238,516 $ 158,580 $ - $ - $ 72,397,096 Exhibit B Urban Forestry Fund FY 2023 Revised Q2 Urban Forestry Fund Budget Q2PW03 Budget Resources Beginning Fund Balance $ 1,061,542 $ - $ 1,061,542 Property Taxes $ - $ -- $ - Franchise Fees $ $ - $ Special Assessments $ - $ - $ - Licenses&Permits $ - $ - $ - Intergovernmental $ - $ - $ - Charges for Services $ - $ - $ - Fines&Forfeitures $ - $ - $ - Interest Earnings $ 26,400 $ - $ 26,400 Miscellaneous $ 15,000 $ - $ 15,000 Other Financing Sources $ - $ - $ - Transfers In from Other Funds $ - $ - $ - Total Resources $ 1,102,942 $ - $ 1,102,942 Requirements Community Development $ - $ - $ - Community Services $ - $ - $ - Policy and Administration $ - $ - $ Public Works $ - $ - $ - Program Expenditures Total $ - $ - $ - Debt Service $ - $ - $ - Loan to CCDA $ - $ - $ - Work-In-Progress $ - $ - $ - Transfers to Other Funds $ 151,236 $ 16,800 $ 168,036 Contingency $ - $ - $ - Total Budget $ 151,236 $ 16,800 $ 168,036 Reserve For Future Expenditure $ 951,706 $ (16,800) $ 934,906 Total Requirements $ 1,102,942 $ - $ 1,102,942 Exhibit B Parks Utility Fund FY 2023 Revised Q2 Parks Utility Fund Budget Q2PW02 Q2PW04 Budget Resources Beginning Fund Balance $ 2,966,144 $ - $ - $ 2,966,144 Property Taxes $ - $ - $ - $ - Franchise Fees $ - $ - $ - $ - Special Assessments $ - $ - $ - $ - Licenses&Permits $ 2,406,398 $ - $ - $ 2,406,398 Intergovernmental $ - $ - $ - $ - Charges for Services $ 90,750 $ - $ - $ 90,750 Fines&Forfeitures $ - $ - $ - $ - Interest Earnings $ 2,475 $ - $ - $ 2,475 Miscellaneous $ - $ 25,100 $ - $ 25,100 Other Financing Sources $ - $ - $ - $ - Transfers In from Other Funds $ 2,250,000 $ - $ - $ 2,250,000 Total Resources $ 7,715,767 $ 25,100 $ - $ 7,740,867 Requirements Community Development $ - $ - $ - S - Community Services $ - $ - $ - $ - Policy and Administration $ - $ - $ - $ - Public Works $ 5,049,532 $ 25,100 $ 74,000 $ 5,148,632 Program Expenditures Total $ 5,049,532 $ 25,100 $ 74,000 $ 5,148,632 Debt Service S - $ - $ - $ - Loan to CCDA $ - $ - $ - $ - Work-In-Progress $ - $ - $ - $ - Transfers to Other Funds $ 968,724 $ - $ - 5 968,724 Contingency $ 125,000 $ - $ - S 125,000 Total Budget $ 6,143,256 $ 25,100 $ 74,000 $ 6,242,356 Reserve For Future Expenditure $ 1,572,511 $ - $ (74,000) $ 1,498,511 Total Requirements $ 7,715,767 $ 25,100 $ - $ 7,740,867 Exhibit Et Parks Capital Fund FY 2023 Revised Q2 Parks Capital Fund Budget Q2PW03 Budget Resources Beginning Fund Balance $ 266,728 $ - $ 266,728 Property Taxes $ - $ - $ - Franchise Fees $ - $ - $ - Special Assessments $ - $ - $ Licenses&Permits $ - $ - $ Intergovernmental $ 4,743,406 $ - $ 4,743,406 Charges for Services $ - $ - $ - Fines&Forfeitures $ - $ - $ - Interest Earnings $ - $ - $ - Miscellaneous $ - $ - $ - Other Financing Sources $ - $ - $ - Transfers In from Other Funds $ 10,571,000 $ 16,800 $ 10,587,800 Total Resources $ 15,581,134 $ 16,800 $ 15,597,934 Requirements Community Development $ - $ - $ - Community Services $ - $ - $ - Policy and Administration $ - $ - $ - Public Works $ - $ - $ - Program Expenditures Total $ - $ - $ - Debt Service $ - $ - $ - Loan to CCDA $ - $ - $ - Work-In-Progress $ 15,299,211 $ 16,800 $ 15,316,011 Transfers to Other Funds $ - $ - $ - Contingency $ - $ - $ - Total Budget $ 15,299,211 $ 16,800 $ 15,316,011 Reserve For Future Expenditure $ 281,923 $ - $ 281,923 Total Requirements $ 15,581,134 $ 16,800 $ 15,597,934 Exhibit 13 Water Fund FY 2023 Revised Q2 Water Fund Budget Q2PW01 Budget Resources Beginning Fund Balance $ 51,574,688 $ 160,000 $ 51,734,688 Property Taxes $ - $ - $ - Franchise Fees $ - $ - $ - Special Assessments $ - $ - $ - Licenses&Permits $ - $ - $ - Intergovernmental $ - $ - $ - Charges for Services $ 27,621,401 $ - $ 27,621,401 Fines&Forfeitures $ - $ - $ - Interest Earnings $ 375,525 $ - $ 375,525 Miscellaneous $ 50,000 $ - $ 50,000 Other Financing Sources $ - $ - $ - Transfers In from Other Funds $ - $ - $ Total Resources $ 79,621,614 $ 160,000 $ 79,781,614 Requirements Community Development $ - $ - $ - Community Services $ - $ - $ - Policy and Administration $ - $ - $ - Public Works $ 11,335,128 $ 160,000 $ 11,495,128 Program Expenditures Total $ 11,335,128 $ 160,000 $ 11,495,128 Debt Service $ - $ - $ Loan to CCDA $ - $ - $ - Work-In-Progress $ - $ - $ - Transfers to Other Funds $ 30,239,772 $ - $ 30,239,772 Contingency $ 411,000 $ - $ 411,000 Total Budget $ 41,985,900 $ 160,000 $ 42,145,900 Reserve For Future Expenditure $ 37,635,714 $ - $ 37,635,714 Total Requirements $ 79,621,614 $ 160,000 $ 79,781,614