Resolution No. 07-23 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 07----
A RESOLUTION APPROVING BUDGET AMENDMENT#13 TO THE FY 2006-07 BUDGET
TO INCRL:ASE APPROPRIATIONS IN THE WATER CIP FUND CAPITAL PROJECTS
BUDGET WITHIN THE COMMUNITY INVESTMENT PROGRAM FOR ADDITIONAL
FUNDING FOR THE LAKE OSWEGO FEASIBILITY STUDY PROJECT.
WHEREAS, in early 2006, the cities of Lake Oswego and Tigard entered into an intergovernmental
agreement for a comprehensive study to develop and evaluate options for the possible formation of a
joint water supply system to serve both cities; and
WHEREAS, the Agreement provided that modifications to the approved scope of work may be made
at any dune with the mutual consent of both cities; and
WHEREAS, at the November 2006 joint Lake Oswego/Tigard City Council meeting, the need to
aunend the original scope of work for additional items was discussed; and
WHEREAS Lake Oswego's City Council authorized the fust ainendment to the intergovernmental
agreement at its February 20, 2007 meeting; and
WHERE AS, Tigard City Council audzorized the first amenchnent to the intergovernmental agreement
at its April 10, 2007 meeting; and
WHERE AS, Tigard's share of the amendment is $62,619; and
WHEREAS, it is now necessary to amend the FY 2006-07 Budget to increase appropriations in Water
CIP 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 $62,619 from the Water CIP Fund contingency to dhe Water
CIP capital projects to pay for the additional expenditures Eor the Lake Oswego
Feasibility Study project.
SECTION 2: This resolution is effective immediately upon passage.
RESOLUTION NO. 07 - ��
Page 1
PASSED: This 0 — day ofi� i2 i 2007.
Mayor- ir5= of Tig�ud
ATTEST:
City Recorder- City of Tigard
RESOLUTION NO. 07 -
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Attachment A
FY 2006-07
Budget Amendment # 13
FY 2006-07 Budget Adopted
Adopted Amendment Revised
Budget # 13 Budget
Water CIP Fund
Resources
Beginning Fund Balance $8,716,442 $8,716,442
Development Fees & Charges 355,000 355,000
Interest Earnings 150,000 150,000
Transfers In from Other Funds 780,000 780,000
Total $10,001,442 $0 $10,001,442
Requirements
CommuniE,Service Program $0 $0
Public Works Program 0 0
Community Development Program 0 0
Policy&Administration Program 0 0
General Government 0 0
Program Expenditures Total $0 $0 $0
Debt Service $0 $0
Capital Projects $5,910,000 $62,619 $5,972,619
Transfers to Other Funds $0 $0
Contingency $886,500 {$62,619} $823,581
Total Budget $6,796,500 $0 $6,796,500
Ending Fund Balance 3,204,942 3,204,942
Total Requirements $10,001,442 $0 $10,001,442