HomeMy WebLinkAboutResolution No. 25-24 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 25- ..ti
A RESOLUTION TO ADOPT THE FY 2025 FINAL BUDGET SUPPT.FMENTAL
WHEREAS,the city acknowledges those items that were unknown at the time the FY 2025 budget was adopted;
and
WHEREAS, the city recognizes approximately$1,801,053 of unanticipated budget in operations and transfers;
and
WHEREAS, the increase in budget is funded by current fund balance and will therefore reduce the reserve for
future expenditures.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2024-25 Budget is hereby amended as detailed in Exhibit A.
SECTION: This resolution is effective immediately upon passage.
PASSED: This day of c...J A- 2025.
Mayor- City of Tigard
ATTEST:
City Recorder-City of Tigar
RESOLUTION NO.25-
Page 1
Exhibit A
ADJUSTED APPROPRIATIONS
6/17/2025
Fund Program Item# Request Final Revised Budget
100 General Fund
1 Mayor&City Council 624,628
4 Engagement&Innovation Q4CE01 25,000 12,266,015
5 Investment&Infrastructure 8,048,735
6 Police 25,582,835
8 Transfer 2,473,840
10 Contingency 1,381,115
TOTAL $ 25,000 50,377,168
210 Transient Lodging Tax Fund
8 Transfer Q4CE01 25,000 407,881
TOTAL $ 25,000 407,881
300 Bancroft Debt Service Fund
8 Transfer Q4FIN01 369,931 369,931
TOTAL $ 369,931 369,931
412 Street Maintenance Fund
7 Capital Improvements 6,415,000
8 Transfer Q4PW01 401,240 1,003,307
TOTAL $ 401,240 7,418,307
421 Parks Bond Fund
8 Transfer Q4_C1P92063 50,000 873,955
TOTAL $ 50,000 873,955
600 Central Services Fund
2 City Attorney 386,920
3 City Recorder 530,789
4 Engagement&Innovation 6,686,222
5 Investment&Infrastructure 10,986,106
8 Transfer 0
9 Debt Service Q4FIN02 498,681 498,681
TOTAL $ 498,681 19,088,718
660 Insurance Fund
4 Engagement&Innovation 477,000
8 Transfer Q4FIN03 431,201 431,201
TOTAL $ 431,201 908,201
TOTAL BY PROGRAM
1 Mayor&City Council - 350,253
2 City Attorney - 452,670
3 City Recorder - 503,440
4 Engagement&Innovation 25,000 26,921,350
5 Investment&Infrastructure - 58,864,970
6 Police - 25,986,330
7 Capital Improvements - 92,900,935
8 Transfer 1,277,372 89,799,092
9 Debt Service 498,681 10,393,814
10 Contingency - 900,000
TOTAL $ 1,801,053 $ 307,072,854