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Resolution No. 07-07 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL RESOLUTION NO. 07- 0'7 A RESOLUTION APPROVING BUDGET AMENDMENT #12 TO THE FY 2006-07 BUDGET TO INCREASE APPROPRIATIONS IN THE SANITARY SEWER CAPITAL PROJECTS BUDGET WITHIN THE COMMUNITY INVESTMENT PROGRAM FOR ADDDITIONAL FUNDING FOR THE SANITARY SEWER MASTER PLAN PROJECT. WHEREAS, Clean Water Services (CWS) is initiating a review and update of its current master plan; and WHEREAS, this review provides an opportunity for the City of Tigard to develop a Sanitary Sewer Master Plan for its sewer collection system ; and WHEREAS, the Sewer Master Plan is expected to provide a schedule of projects that will meet the needs of the City for the next 20 years; and WHEREAS, at the January 23, 2007 Council study session, Council gave direction to staff to move forward on an intergovernmental agreement between CWS and Tigard for the development of the Sewer Master Plan; and WHEREAS, it is estimated that the City's total cost will be $151,000, which will be incurred over two fiscal years, FY 2006-07 and FY 2007-08; and WHEREAS, the FY 2006-07 Budget includes $50,000 for the Sewer Master Plan; and WHEREAS, it is estimated that the cost for the Sewer Master Plan will be $85,000 in FY 2006-07; and WHEREAS, it is now necessary to amend the FY 2006-07 Budget to increase appropriations in Sanitary Sewer Fund capital projects to pay for this additional expenditure. 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 $35,000 from the Sanitary Sewer Fund contingency to the Sanitary Sewer capital projects to pay for the additional expenditures for the Sanitary Sewer Master Plan. SECTION 2: This resolution is effective immediately upon passage. RESOLUTION NO. 07 - Page 1 PASSED: This day of Lld,l,a1 ' 2007. Mayor-/ity of Tigard ATTEST: City Recorder RESOLUTION NO. 07 - Page 2 Attachment A FY 2006-07 Budget Amendment # 12 FY 2006-07 Budget Revised Revised Amendment Revised Budget # 12 Budget Sanitary SewerFund Resources Beginning Fund Balance $7,561,169 $7,561,169 Utiltity Fees and Charges 1,392,500 1,392,500 Interest Earnings' 125,000 125,000 Other Revenues (5,000) (5,000) Transfers In from Other Funds 0 0 Total Resources $9,073,669 $0 $9,073,669 Requirements Public Works Program 890,119 890,119 Program Expenditures Total $890,119 $0 $890,119 Debt Service $0 $0 Capital Projects $2,650,000 $35,000 $2,685,000 Transfers to Other Funds $429,647 $429,647 Contingency $348,401 ($35,000) $313,401 Total Budget $4,318,167 $0 $4,318,167 Ending Fund Balance 4,755,502 4,755,502 Total Requirements $9,073,669 $0 $9,073,669 1