Resolution No. 98-33 ' CITY OF TIGARD,OREGON
RESOLUTION NO.98-�3
ICiQ'1l�d8�
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET FOR THE r99sAA%FISCAL YEAR.
WHEREAS, The expenditures in the Local Improvement CIP fund anticipated to be made by June 30,
1997 were delayed into the 1997/98 fiscal year increasing the beginning fund balance in the fund and
therefore requiring higher appropriations than anticipated in 1997/98,and,
WHEREAS, The funding relationships between the City's building fund,urban services fund and general
fund were estimated during the budget process last however actual experience has shown that the
relationships should be updated in the 1997/98 budget,and,
WHEREAS, local budget law allows the adjustment of the adopted budget through a supplemental budget
for conditions which were not known at the time of budget preparation which require a change in financial
planning,and,
WHEREAS, the proper notice was placed in the Tigard Times advertising the supplemental budget
hearing which was properly held on June 23,1998.
NOW, THEREFORE, BE IT RESOLVED by the Tigard City Council that the supplemental budget is
approved as proposed.
Adbk
qW SECTION 1: Additional resources in the Local Improvement CIP fund are recognized in beginning
fund balance in the amount of$1,100,000.
SECTION 2: Appropriations are adjusted as follows:
General Fund Community Development Program 108,982
Building Fund Community Development Program 139,694
Urban Services Fund Community Deveiopment Program - 248,676
Local Improvement Capital Projects Program 1,100,000
CIP Fund
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PASSED: This o23— day of 1
Ma r City of Tigard
ATTEST:
"SGr IVP1n0 r:t
Ci'y Recorder-City of Tigard
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RESOLUTION NO.98-
Page 1
City of Tigard
Notice of Supplemental Budget
for 1997/98 fiisca!year
The City of Tigard City Council will hold a public hearing on June 23, 1998 at 7:30 PM at the
Tigard City Hall. The purpose of the hearing will be to discuss a supplemental budget for
1997/98. The supplemental budget adjusts the funding relationships of the Cornmunity
Development program and increases appropriations for the Dartmouth local improvement
project. A copy of the supplemental budget may be inspected or obtained on or after June 1,
1998 at the Water Building between the hours of 8:00 a.m.and 5:00 p.m.
Summary of Supplemental Budget
Requirements
General Fund
Community Development Program $108,982
Building Fund
Community Development Program 139,694
Urban Services Fund
Ask Community Development Program -248,676
Local Improvement CEP Fund
Capital Projects Program 1,100.000
Total Requirements 1,100,000
Resources
Local Improvement CIP Fund
Beginning Balance 1.100,000
Total Resources 1,100,000