Resolution No. 04-07 CITY OF TIGARD,OREGON
RESOLUTION NO.04-0`7
A RESOLUTION APPROVING BUDGET AMENDMENT#17 TO THE FY 2003-04 BUDGET TO
INCREASE APPROPRIATIONS FOR FUNDING OF ADDITIONAL INSPECTION COSTS
ASSOCIATED WITH INCREASED BUILDIN ACTIVITY
WHEREAS, The number of building permits issued has increased 13%this year when compared to the
period July,2002 through December,2002;and
WHEREAS,The Building Division is also expecting a 2%increase in commercial construction in the City
through the next fiscal year;and
WHEREAS,The FY 2003-04 Adopted Budget for the Building Division was developed assuming a
smaller growth rate in building activity;and
WHEREAS,Because ofthe increased growth rate,costs of performing the additional inspections and plan
reviews has increased and there is a need to increase funding for these services;and
WHEREAS,The Building Fund can support the additional appropriation needed to fund the increased
inspection costs.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1. The FY 2003-04 Budget of the City of Tigard is amended as shown in Attachment A to this
resolution.
SECTION 2. This resolution is effective immediately upon passage.
PASSED: This f day of 004.
Mayor- ty of Tigard
ATTEST:
City Recorder-City of Tigard
RESOLUTION NO.04- 4 7
Page I
Attachment A
FY 2003-04
Budget Amendment# 17
Y 2003-0
F Budged 4 Ame#d7 ent s idget�
Building Fund
Resources
Beginning Fund Balance 942,281 942,281
Property Taxes 0 0
Grants 0 0
Interagency Revenues 0 0
Development Fees&Charges 1,057,202 1,057,202
Utiltity Fees and Charges 0 0
Miscellaneous Fees and Charges 0 0
Fines and Forfeitures 0 0
Franchise Fees and Business Tax 0 0
Interest Earnings 18,846 18,846
Bond Proceeds/Principal 0 0
Other Revenues 0 0
Transfers In from Other Funds 451,954 451,954
Total $2,470,283 $0 $2,470,283
Requirements
Community Service Program 0 0
Public Works Program 0 0
Development Services Program 1,209,220 98,500 1,307,720
Policy&Administration Program 0 0
General Government 0 0
Program Expenditures Total $1,209,220 $98,500 $1,307,720
Debt Service $0 $0
Capital Improvements $0 $0
Transfers to Other Funds $485,146 $485,146
Contingency $242,000 ($98,500) $143,500
Total Requirements $1,936,366 $O $1,936,366
Ending Fund Balance 533,917 533,917
Grand Total $2,470,283 $O $2,470,283