Resolution No. 03-40 CITY OF TIGARD, OREGON
RESOLUTION NO. 03-
A RESOLUTION APPROVING BUDGET AMENDMENT #3 TO THE FY 2003-04 ADOPTED
BUDGET TO INCREASE APPROPRIATIONS FOR FUNDING OF BONITA PARK AND
EMBEDDED CROSSWALK
WHEREAS, the FY 2003-04 Adopted Budget includes appropriations for the completion of Bonita Park
and embedded crosswalk:
WHEREAS, it was projected that construction would begin and some costs would be incurred and paid for
with Community Development Block Grant(CDBG)funds in FY 2002-03;
WHEREAS,construction did not begin and no costs were incurred in FY 2002-03;
WHEREAS, the total costs of the projects and the total CDBG were not carried-over into the FY 2003-04
Adopted Budget;
WHEREAS, bids for construction of Bonita Park and embedded crosswalk have now been received and
awarded;
WHEREAS, the FY 2003-04 Adopted Budget needs to be amended so that funds can be appropriated to
pay the entire cost of the projects.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2003-04 Adopted Budget of the City of Tigard is hereby amended as shown in
Attachment A to this resolution to adjust appropriations within the Parks Capital Fund
SECTION 2: This resolution is effective immediately upon passage.
;7
PASSED: This ,--, day oflu_cl 2003.
Jtaa0y_ir'_ Ci
� igard
ATTEST:
"'City Recorder-City of Ti��
RESOLUTION NO. 03 -L40
Page 1
Attachment A
FY 2003-04
Budget Amendment # 3
FY 2003-04 Budget Revised
Revised Amendment Revised
Budget #3 Budget
Parks Capital Fund
Resources
Beginning Fund Balance 1,504,435 1,504,435
Grants 194,078 75,000 269,078
Development Fees&Charges 360,000 360,000
Interest Earnings 30,089 30,089
Bond/Note Proceeds 278,075 278,075
Other Revenues 390,000 390,000
Transfers In from Other Funds 55,000 55,000
Total $2,811,677 $75,000 $2,886,677
Requirements
Development Services Program 0 0
Policy&Administration Program 0 0
Program Expenditures Total $0 $0 $0
Debt Service $278,075 $278,075
Capital Improvements $826,886 $70,236 $897,122
Contingency $162,000 $4,764 $166,764
Total Requirements $1,266,961 $75,000 $1,341,961
Ending Fund Balance 1,544,716 1,544,716
Grand Total $2,811,677 $75,000 $2,886,677