Resolution No. 06-54 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 06
A RESOLUTION APPROVING BUDGET AMENDMENT #5 TO THE FY 2006-07 BUDGET
TO INCREASE APPROPRIATIONS IN THE PARKS CAPITAL PROJECTS BUDGET
WITHIN THE COMMUNITY INVESTMENT PROGRAM FOR ADDITIONAL FUNDING
FOR THE TUALATIN RIVER/COOK PARK TRAIL FROM GARDEN TO BRIDGE
PROJECT.
WHEREAS, the FY 2006-07 Budget includes $97,530 for the Tualatin River/Cook Park Trail from
Garden to Bridge Project; and
WHEREAS, $42,415 of the cost will be paid for with a Oregon Parks and Recreation District grant;
and
WHEREAS, an additional$28,000 in funding is needed due to increased construction costs, expansion
of the project as required by the Tualatin River Pedestrian Bridge project, and compliance with
sensitive lands permits conditions; and
WHEREAS, it is now necessary to amend the FY 2006-07 Budget to increase appropriations in the
Park Capital Projects budget to fully fund this project.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2006-07 Budget is hereby amended as shown in Attachment A to this
resolution to transfer$28,000 from the Parks Capital Fund Contingency to the Parks
Capital Projects budget for additional funding for the Tualatin River/Cook Park
Trail from Garden to Bridge Project.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This / day of 2006.
Mayor- dity of Tigard
ATTEST:
in �y
City Recorder- City of Tigar
RESOLUTION NO. 06 - 25q
Page 1
Attachment A
FY 2006-07
Budget Amendment # 5
FY 2006-07 Budget Revised
Revised Amendment Revised
Budget #5 Budget
Parks Capital Fund
Resources
Beginning Fund Balance $343,216 $343,216
Grants 454,101 .454,101
Development Fees &Charges 10,000 10,000
Interest Earnings 15,000 15,000
Other Revenues 40,000 40,000
Transfers In from Other Funds 2,088,252 2,088,252
Total $2,950,569 $0 $2,950,569
Requirements
Program Expenditures Total $0 $0 $0
Debt Service $282,025 $282,025
Capital Improvements $2,482,876 $28,000 $25510,876
Transfers to Other Funds $0 $0
Contingency $125,000 ($28,000) $97,000
Total Budget $2,889,901 $0 $2,889,901
Ending Fund Balance 60,668 60,668
Total Requirements $2,950,569 $0 $2,950,569