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Resolution No. 07-03 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL RESOLUTION NO. 07- b A RESOLUTION APPROVING BUDGET AMENDMENT #11 TO THE FY 2006-07 BUDGET TO INCREASE APPROPRIATIONS IN THE CAPITAL CONSTRUCTION AND TRANSPORTATION DIVISION FOR ADDITIONAL COSTS RELATED TO THE PAVEMENT MANAGEMENT SERVICES. WHEREAS, the FY 2006-07 Budget includes $30,000 for pavement management services for street condition ratings and staff training; and WHEREAS, during the preparation of the scope of work for the Request for Proposal (RFP), it was concluded that the $30,000 would be insufficient to cover all the costs related to the pavement management services; and WHEREAS, it was determined that an additional $70,000 was need to cover the total costs of the project; and WHEREAS, it is planned that the additional$70,000 will be paid for with Street Maintenance Fee and Gas Tax revenues; and WHEREAS, due to Oregon Budget Law,it is recommended that the additional cost will be funded by a contingency transfer from the General Fund in FY 2006-07; and WHEREAS, transfers will be established in FY 2007-08 from the Street Maintenance Fee and Gas Tax Funds to the General Fund to reimburse it for these additional costs; and WHEREAS, it is necessary to amend the FY 2006-07 Budget to increase appropriations to fund the additional costs for the pavement management services 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 $70,000 from the General Fund contingency to the Community Development Department's Capital Construction and Transportation Division operating budget to pay for the additional costs related to the pavement management services project. SECTION 2: City Council directs staff to establish transfers in FY 2007-08 from the Street Maintenance Fee Fund in the amount of$20,000 and from the Gas Tax Fund in the amount of $50,000 to General Fund to reimburse the General Fund for these additional costs. RESOLUTION NO. 07 - Page 1 SECTION 3: This resolution is effective immediately upon passage. PASSED: This _ day of 007. Council President, City of Tigard ATTEST: City Recorder- City of Tigard - RESOLUTION NO. 07 - 03 Page 2 Attachment A FY 2006-07 Budget Amendment #11 FY 2006-07 Budget Revised Revised Amendment Revised Budget # 11 Budget General Fund Resources Beginning Fund Balance $7,801,614 $7,801,614 Property Taxes 10,225,860 10,225,860 Grants 344,355 344,355 Interagency Revenues 2,699,084 2,699,084 Development Fees &Charges 664,000 664,000 Miscellaneous Fees and Charges 307,325 307,325 Fines and Forfeitures 626,000 626,000 Franchise Fees and Business Tax 3,667,000 3,667,000 Interest Earnings 217,400 217,400 Other Revenues 26,000 26,000 Transfers In from Other Funds 2,707,028 2,707,028 Total $29,285,666 $0 $29,285,666 Requirements Community Service Program $12,456,168 $12,456,168 Public Works Program 2,999,637 2,999,637 Community Development Program 2,986,903 70,000 3,056,903 Policy&Administration Program 348,365 348,365 General Government 75,000 75,000 Program Expenditures Total $18,866,073 $70,000 $18,936,073 Debt Service $0 $0 Capital Projects $0 $0 Transfers to Other Funds $4,876,553 $4,876,553 Contingency $1,000,000 ($70,000) $930,000 Total Budget $24,742,626 $0 $24,742,626 Ending Fund Balance 4,543,040 4,543,040 Total Requirements $29,285,666 $0 $29,285,666