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Resolution No. 23-16 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL RESOLUTION NO. 23- 1 A RESOLUTION OF THE CITY OF TIGARD ADOPTING THE APPROVED BUDGET, WITH ADJUSTMENTS,MAKING APPROPRIATIONS,DECLARING THE AD VALOREM TAX LEVY,AND CLASSIFYING THE LEVY AS PROVIDED BY ORS 310.060(2) FOR FISCAL YEAR 2024. WHEREAS,three hearings by the Tigard Budget Committee on the budget document,as proposed by the City Manager,were duly called and held on April 22,2023,May 1,2023 and May 8,2023,where all interested persons were afforded an opportunity to appear and be heard with respect to the budget;and WHEREAS, the budget for the City of Tigard for the year beginning July 1, 2023 was duly approved and recommended to the City Council by the regularly constituted Budget Committee at its meeting on May 8,2023, after proceedingsin accordance with Chapter 294,Oregon Revised Statutes;and WHEREAS, a summary of the budget as required by Chapter 294.438 was duly published in the Oregonian, a newspaper of general circulation in the city in accordance with Chapter 294.448;and WHEREAS, a hearing by the Tigard City Council on the budget document as approved by the Budget Committee,was duly called and held on June 13,2023,where all interested persons were afforded an opportunity to appear and be heard with respect to the budget; NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that: SECTION 1: The council adopts the budget for FY 2023-24 as approved by council following the budget hearing on June 13,2023. SECTION 2: The amounts appropriated for each fund for the fiscal year beginning July 1,2023,are shown on the attached—Exhibit A Schedule of Appropriations as a roved pp by Budget Committee on May 8,2023 with adjustments made by council during the hearing on June 13,2023. SECTION 3: The City of Tigard City Council hereby imposes the taxes provided for in the adopted budget at the rate of$2.5131 per$1,000 of assessed value for its permanent rate tax;plus an additional $0.29 per$1,000 local option levy property tax;and in the amount of$2,792,000 for debt service on general obligation bonds; and that these taxes are hereby imposed and categorized for tax year 2023-24 upon the assessed value of all taxable property in the city as follows: General Government Limit Permanent rate tax $2.5131/$1,000 Local Option Levy Local Option Levy tax $0.29/$1,000 Excluded from Limit General Obligation Bond Debt Service $2,792,000 RESOLUTION NO.23-/6 Page 1 SECTION 4: This resolution is effective immediately upon passage. PASSED: This V3 day of J 1.PV-- 2023. Mayor-City of Tigard A 1TEST: City Recorder-City of Tigard RESOLUTION NO.23- Page 2 Exhibit A SCHEDULE OF APPROPRIATIONS Budget Committee Council Fund Program Proposed Changes Approved Changes Adopted General Fund Mayor&City Council 406,253 (56,000) 350,253 - 350,253 Investment&Infrastructure 6,118,632 189,000 6,307,632 - 6,307,632 Engagement&Innovation 9,291,397 5,000 9,296,397 - 9,296,397 Police 22,997,437 - 22,997,437 - 22,997,437 Transfer 3,319,549 - 3,319,549 - 3,319,549 Contingency 900,000 - 900,000 - 900,000 43,033,268 138,000 43,171,268 - 43,171,268 Gas Tax Fund Investment&Infrastructure 4,275,837 - 4,275,837 - 4,275,837 Transfer 3,778,842 - 3,778,842 - 3,778,842 8,054,679 - 8,054,679 - 8,054,679 City Gas Tax Fund Transfer 775,299 - 775,299 - 775,299 775,299 - 775,299 - 775,299 Transportation TNC Fund - N/C N/C N/C Transient Lodging Tax Fund Transfer 192,111 - 192,111 - 192,111 192,111 - 192,111 - 192,111 Construction Excise Tax Fund Investment&Infrastructure 400,000 141,481 541,481 - 541,481 Transfer 864 - 864 - 864 400,864 141,481 542,345 - 542,345 Electrical Inspection Fund Transfer 253,437 - 253,437 - 253,437 253,437 - 253,437 - 253,437 Building Fund Investment&Infrastructure 3,075,252 - 3,075,252 - 3,075,252 3,075,252 - 3,075,252 - 3,075,252 Criminal Forfeiture Fund Police 604,223 - 604,223 - 604,223 Transfer 12 - 12 - 12 604,236 - 604,236 - 604,236 Exhibit A SCHEDULE OF APPROPRIATIONS Budget Committee Council Fund Program Proposed Changes Approved Changes Adopted Urban Forestry Fund Transfer 151,682 - 151,682 - 151,682 151,682 - 151,682 - 151,682 Parks Utility Fund Investment&Infrastructure 5,691,083 - 5,691,083 - 5,691,083 Transfer 54,447 - 54,447 - 54,447 5,745,530 - 5,745,530 - 5,745,530 Police Levy Fund Police 2,384,669 - 2,384,669 - 2,384,669 2,384,669 - 2,384,669 - 2,384,669 Pandemic Relief Fund Engagement&Innovation 1,682,755 (175,000) 1,507,755 - 1,507,755 Transfer 1,354,217 - 1,354,217 - 1,354,217 3,036,972 (175,000) 2,861,972 - 2,861,972 Bancroft Debt Service Fund N/C N/C N/C General Obligation Debt Service Fund Debt Service 2,652,187 - 2,652,187 - 2,652,187 2,652,187 - 2,652,187 - 2,652,187 Facilities Capital Projects Fund Capital Improvements 17,310,000 - 17,310,000 - 17,310,000 Transfer 36 - 36 - 36 17,310,036 - 17,310,036 - 17,310,036 Transportation Development Tax Transfer 2,209,674 - 2,209,674 - 2,209,674 2,209,674 - 2,209,674 - 2,209,674 Underground Utility Fund Transfer 26,891 - 26,891 - 26,891 26,891 - 26,891 - 26,891 Street Maintenance Fund Capital Improvements 3,540,000 - 3,540,000 - 3,540,000 Transfer 346,110 - 346,110 - 346,110 3,886,110 - 3,886,110 - 3,886,110 Exhibit A SCHEDULE OF APPROPRIATIONS Budget Committee Council Fund Program Proposed Changes Approved Changes Adopted Transportation SDC Fund Transfer 6,306,224 - 6,306,224 - 6,306,224 6,306,224 - 6,306,224 - 6,306,224 Parks Capital Fund Capital Improvements 12,620,156 - 12,620,156 - 12,620,156 12,620,156 - 12,620,156 - 12,620,156 Parks Bond Fund N/C N/C N/C Parks SDC Fund Transfer 6,585,900 - 6,585,900 - 6,585,900 6,585,900 - 6,585,900 - 6,585,900 Transportation CIP Fund Capital Improvements 12,181,500 - 12,181,500 - 12,181,500 12,181,500 - 12,181,500 - 12,181,500 Sanitary Sewer Fund Investment & Infrastructure 3,487,593 - 3,487,593 4,464 3,492,057 Capital Improvements 435,000 - 435,000 - 435,000 Transfer 2,567,424 - 2,567,424 - 2,567,424 6,490,017 - 6,490,017 4,464 6,494,481 Stormwater Fund Investment & Infrastructure 4,418,962 - 4,418,962 4,940 4,423,902 Capital Improvements 6,609,500 - 6,609,500 - 6,609,500 Transfer 467,763 - 467,763 - 467,763 11,496,225 - 11,496,225 4,940 11,501,165 Water Quality/Quantity Fund N/C N/C N/C Water Fund Investment & Infrastructure 11,713,652 - 11,713,652 30,596 11,744,248 Transfer 45,367,734 - 45,367,734 - 45,367,734 57,081,386 - 57,081,386 30,596 57,111,982 Water SDC Fund Transfer 8,888,011 - 8,888,011 - 8,888,011 8,888,011 - 8,888,011 - 8,888,011 Exhibit A SCHEDULE OF APPROPRIATIONS Budget Committee Council Fund Program Proposed Changes Approved Changes Adopted Water CIP Fund Capital Improvements 34,573,000 - 34,573,000 - 34,573,000 34,573,000 - 34,573,000 - 34,573,000 Water Debt Service Fund Debt Service 7,242,946 - 7,242,946 - 7,242,946 7,242,946 - 7,242,946 - 7,242,946 Central Services Fund City Attorney 452,670 - 452,670 - 452,670 City Recorder 643,440 (140,000) 503,440 - 503,440 Engagement&Innovation 12,347,371 356,000 12,703,371 255,930 12,959,301 Investment&Infrastructure 4,627,478 (160,000) 4,467,478 (40,000) 4,427,478 Transfer 360,000 - 360,000 - 360,000 18,430,959 56,000 18,486,959 215,930 18,702,889 Information Technology Replacement Fund Engagement&Innovation 2,538,270 - 2,538,270 - 2,538,270 2,538,270 - 2,538,270 - 2,538,270 Facilities Replacement Fund Investment&Infrastructure 110,000 - 110,000 - 110,000 110,000 - 110,000 - 110,000 Public Works Admin Fund Investment&Infrastructure 2,996,873 - 2,996,873 - 2,996,873 2,996,873 - 2,996,873 - 2,996,873 Public Works Engineering Fund Investment&Infrastructure 4,643,026 - 4,643,026 - 4,643,026 Transfer 2,500,000 - 2,500,000 - 2,500,000 7,143,026 - 7,143,026 - 7,143,026 Fleet/Property Management Fund Investment&Infrastructure 3,370,403 - 3,370,403 - 3,370,403 3,370,403 - 3,370,403 - 3,370,403 Fleet/Vehicle Replacement Fund Investment&Infrastructure 1,760,000 - 1,760,000 - 1,760,000 1,760,000 - 1,760,000 - 1,760,000 Exhibit A SCHEDULE OF APPROPRIATIONS Budget Committee Council Fund Program Proposed Changes Approved Changes Adopted Insurance Fund Engagement& Innovation 457,000 - 457,000 - 457,000 457,000 - 457,000 - 457,000 Library Donations and Bequests Fund N/C N/C N/C All Funds Mayor&City Council 406,253 (56,000) 350,253 - 350,253 City Attorney 452,670 - 452,670 - 452,670 City Recorder 643,440 (140,000) 503,440 - 503,440 Engagement& Innovation 26,316,793 186,000 26,502,793 255,930 26,758,723 Investment&Infrastructure 56,688,789 170,481 56,859,270 - 56,859,270 Police 25,986,330 - 25,986,330 - 25,986,330 Capital Improvements 87,269,156 - 87,269,156 - 87,269,156 Transfer 85,506,227 - 85,506,227 - 85,506,227 Debt Service 9,895,133 - 9,895,133 - 9,895,133 Contingency 900,000 - 900,000 - 900,000 294,064,791 160,481 294,225,272 255,930 294,481,202