Resolution No. 12-25 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 12-,; `_
A RESOLUTION TO ADOPT A SUPPLEMENTAL BUDGET TO ACHIEVE THE FOLLOWING:
BUDGET OF UNANTICIPATED EXPENDITURES IN PUBLIC WORKS, THE CAPITAL
IMPROVEMENT PROGRAM,DEBT SERVICE,AND FINANCE&INFORMATION SERVICES.
WHEREAS, the city is acknowledging those items that were unknown at the time the FY 2012 Budget was
adopted;and
WHEREAS, the city recognizes a total of$6,178,298 in unanticipated requirements in Public Works, Capital
Improvement Program, Debt Service, and Finance and Information Services, and $5,973,798 in additional
revenue and$204,500 in use of contingency to support those requirements;
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2011-12 Budget is hereby amended as detailed in Supplemental Budget #12 -
including Exhibit-A.
SECTION 2: This resolution is effective immediately upon passage.
"^`Vlt�
PASSED: This day of 2012.
I r- ity of Tigard
ATTEST:
City Recorder-City of Tigard
RESOLUTION NO. 12-
Page 1
City of Tigard Exhibit A
FY 2012 Year-End Supplemental Budget Amendment
1. Re-Key of all city facilities
A total of$50,000 is required for payment of a purchase order to re-key all city-owned facilities.
Contingency in the Fleet/Property Management Fund will decrease by$50,000 with an equal increase in program
expenditures.The Insurance Fund will reimburse$30,000 of this expense in FY 2013.
Revised
Adopted Revised
Budget Amendment Budget
Fleet/Property Management Fund
Resources
Beginning Fund Balance $ 78,830 $ 78,8311'`
Charges for Services $ 1,714,656 $ 1,714,656
Transfers In from Other Funds $ 96 45 $ 96,24
Requirements
Public Works S 1,775,168 S 50,000 S 1,825,168
Program Expenditures Total $ 1,775,168 $ 50,000 $ 1,825,168
Contingency" S 91,461 $ (50,000) S 41,461
Total Budget $ 1,866,629 $ - $ 1,866,629
Reserve For Future Expenditure $ 23,102 $ - $ 23,102
Total Requirements $ 1,889,731 $ - $ 1,889,731
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City of Tigard Exhibit A
FY 2012 Year-End Supplemental Budget Amendment
2.Capital Improvement Program(CIP)
Funding in the amount of$34,500 is required for additional expenses associated with the completion of design work for the
Fanno Creek Trail,Main to Grant Streets.Parks SDC contingency will decrease by$34,500.Transfers Out of Parks SDC will
increase by this same amount.In tum,Transfers In to the Parks Capital Fund will increase by$34,500 with an equal
increase in capital program expenditures.
Revised
Adopted Revised
Budget Amendment Budget
Parks SDC Fund
Resources
Beginning Fund Balance $ 2,366,258 $ 2,366,258
Total Rcsonrccs S 2,760,767 S $ 2,760,767
Requirements
Program Expenditures Total $ $ $ -
Transfers to Other Funds $ 1,543,944 S 34,500 S 1,578,444
Contingcncv S 300,001 S (34,500) $ 265,500
Total Budget $ 2,126,655 $ - $ 2,126,655
Reserve For Puture Expenditure $ 634,112 $ - $ 634,112
Total Requirements $ 2,760,767 $ - $ 2,760,767
Revised
Adopted Revised
Budget Amendment Budget
Parks Capital Fund
Resources
Beginning Fund Balance $ 346,668 $ 346,668
1 ianslcrs In from Othcr funds ti 6601,360 S 34,500 S 6,635,860
Total Resources $ 6,951,028 $ 34,500 $ 6,985,528
Requirements
Program Expenditures Total $ $ - $
Work-In-Progress S 6,389,639 $ 34,500 S 6,424,139
Total Budget $ 6,901,836 $ 34,500 $ 6,936,336
Reserve For Future Expenditure $ 49,192 $ $ 49,192
Total Requirements $ 6,951,028 $ 34,500 $ 6,985,528
City of Tigard Exhibit A
FY 2012 Year-End Supplemental Budget Amendment
3.Water Line-of-Credit
One of the uses of the$97 million dollars of water revenue bonds is to pay off the line-of-credit that
has been used to fund the Lake Oswego Water Partnership in the amount of$5,973,798.This action will result in an
increase in debt proceeds in the Water Debt Service Fund with an equal increase in debt service payment.Under Oregon
Budget Law,it is not necessary to budget bond proceeds in the year they are received.However,this information is being
included in order to maintain transparency within the budget process.
Revised
Adopted Revised
Budget Amendment Budget
Water Debt Service Fund
Resources
Beginning Fund Balance $ - $ -
Other Financing Sources $ - $ 5,973,798 $ 5,973,798
Transfers In from Other Funds $ 6,479,804 $ 6,479,804
Total Resources $ 6,479,804 $ 5,973,798 $ 12,453,60
Requirements
Program Expenditures Total $ - $ - $
Debt Scn•iec $ 1,801,926 $ 5,973,798 S 7,775,724
Total Budget $ 1,801,926 $ 5,973,798 $ 7,775,724
Reserve For Future Expenditure $ 4,677,878 $ - $ 4,677,878
Total Requirements $ 6,479,804 $ 5,973,798 $ 12,453,602
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City of Tigard Exhibit A
FY 2012 Year-End Supplemental Budget Amendment
4. Citywide Unemployment Payment
FY 2012 unemployment costs assessed by the state have doubled and the cost increase has been
paid by Financial Operations in the Central Service Fund.This cost has been allocated among the
departments in the FY 2013 budget.However,a budget adjustment is required in order to have sufficient appropriations
within the Central Services Fund in FY 2012.As a result,Central Service contingency will decrease by$120,000 with an
equal increase in program expenditures in Policy and Administration.
Revised
Adopted Revised
Budget Amendment Budget
Central Services Fund
Resources
Beginning Fund Balance $ $ 214,516
Charges for Services $ 5,262,270 $ 5,262,270
Interest Earnings $ 590 $ 590
Miscellaneous $ 1,700 $ 1,700
Transfers In from Other bunds S 1,516,347 $ 1,516,347
3aotal Resources $ 995.423.- L
Requirements
Policy and Administration S 6,543,513 S 120,000 S 6,663,513
Program Expenditures Total $ 6,543,513 $ 120,000 $ 6,663,513
Contingence S 160,179 S (120,000) S 40,179
Total Budget $ 6,703,692 $ - $ 6,703,692
Reserve For Future Expenditure $ 291,731 $ - $ 291,731
Total Requirements $ 6,995,423 $ - $ 6,995,423
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