Resolution No. 00-38 CITY OF TIGARD,OREGON
RESOLUTION NO.00-38
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET FOR FISCAL YEAR 1999/00
WHEREAS, Ordinance No. 99-07 established the 69th Avenue Local Improvement District (LID),
authorized the acquisition of land as provided by State law and the Tigard Municipal Code,and authorized
the construction of street improvements within the boundaries of the LID;and
WHEREAS, the 69th Avenue Local Improvement District (LID) fund was established to account for the
construction costs associat4ed with the 69th Ave.Local Improvement District;and
WHEREAS,the expendiwies in the 69-h Avcnuc Local improvement Dsrr_r! I-_ )fund were anticipated
to be$901,000 in the 1999/00 Adopted Budget;and
WHEREAS,additional appropriations are needed for Fiscal Year 1999/00 to provide spending authority to
complete the project;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
whhch was properly held on June 27,2000.
NOW, THEREFORE,BE IT RESOLVED by the Tigard City Council that: the supplemental budget is
approved as outlined in Attachment A.
PASSED: This 1` day of�jffi&2000.
Brian J. Moore, Council President
ATTEST:
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f� 4-5
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Greer A.Gaston,Deputy City Recorder
19CITYWIDDRESISUPPLEMENTAL BUDGET_OO_01.DOC
RESOLUTION NO.00- :3h
Page 1
Attachment A
Supplemental Budget
FY 1999-00
FY 1999-00 Revised
Budget Supplemental Budget
69th Avenue LID Fund
Resources
Beginning Fend Balance 900,000 (71,470) 828.530
Interest Income 1,000 0 1,000
Interfund Loan(General Fund) 0 475,000 475,000
,c,a, b901:000 $403,530 $1,304,530
Requirements
Capita(Improvements $901,000 $403,530 1,304,530
Toi�!Requirements $901,000 $403,530 $1,304,530
Ending Fund Balance 0 0
Grand Total $901,000 $403,530 $1,304,530
" Not to exceed$475,000
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® i:Fjn.—RL-dget flat Z-upple-.On'a!Budget/Aaachment A.xls