Resolution No. 03-43 CITY OF TIGARD, OREGON
RESOLUTION NO. 032
A RESOLUTION APPROVING BUDGET AMENDMENT #6 TO THE FY 2003-04 ADOPTED
BUDGET TO INCREASE APPROPRIATIONS FOR FUNDING THE REMAINING BALANCE OF
AFFORDABLE HOUSING ASSISTANCE GIVEN TO COMMUNITY PARTNERS FOR
AFFORDABLE HOUSING(CPAH)IN FY 2002-03
WHEREAS, the City Council approved a grant to Community Partners for Affordable Housing(CPAH)in
the amount of$4,500 on January 28,2003 under the Affordable Housing Fee Assistance Guidelines, and
WHEREAS,under the guidelines,the time limit on the use of the funds is two years,and
WHEREAS, CPAH as of June 30, 2003 had only spent $2,392 of the amount granted by the City Council,
and
WHEREAS, CPAH has informed the City that the need still exists to use up to the full amount of the initial
grant of$4,500 and appropriations in the FY 2003-04 Adopted Budget do not provide for the carryover
needed in the amount of$2,108.
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.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This i�day - '-* 2003.
ay r- Cit igard
ATTEST:
Ny Recorder- City of Tiard
RESOLUTION NO. 03 - 3
Page I
Attachment A
FY 2003-04
Budget Amendment # 6
FY 2003-04 Budget Revised
Revised Amendment Revised
Budget #6 Budget
General Fund
Resources
Beginning Fund Balance 7,065,185 7,065,185
Property Taxes 9,115,977 9,115,977
Grants 39,700 39,700
Interagency Revenues 2,162,454 2,162,454
Development Fees&Charges 290,000 290,000
Utiltity Fees and Charges 0 0
Miscellaneous Fees and Charges 163,000 163,000
Fines and Forfeitures 434,127 434,127
Franchise Fees and Business Tax 2,748,865 2,748,865
Interest Earnings 156,304 156,304
Bond/Note Proceeds 0 0
Other Revenues 36,032 36,032
Transfers In from Other Funds 2,227,982 2,227,982
Total $24,439,626 $0 $24,439,626
Requirements
Community Service Program 9,477,181 2,108 9,479,289
Public Works Program 2,470,000 2,470,000
Development Services Program 2,367,828 2,367,828
Policy&Administration Program 310,775 310,775
General Government 0 0
Program Expenditures Total $14,625,784 $2,108 $14,627,892
Debt Service $0 $0
Capital Improvements $0 $0
Transfers to Other Funds $3,931,116 $3,931,116
Contingency $980,213 ($2,108) $978,105
Total Requirements $19,537,113 $0 $19,537,113
Ending Fund Balance 4,902,513 4,902,513
Grand Total $24,439,626 $0 $24,439,626