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Resolution No. 15-50 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL RESOLUTION NO. 15- 5-0 A RESOLUTION TO AMEND THE FY 2016 ADOPTED BUDGET TO APPROPRIATE $100,000 IN PUBLIC WORKS ENGINEERING THAT WILL BE USED TO ADD 2.0 FTE DUE TO AN INCREASE IN DEVELOPMENT ACTIVITIES. WHEREAS, the city acknowledges those items that were unknown at the time the FY 2016 Budget was adopted; and WHEREAS, the city recognizes approximately $890,000 of General Fund revenues resulting from increased development activities;and WHEREAS, a total of $100,000 of additional appropriation is required for the addition of 2.0 full-time equivalent positions to the Engineering division;and WHEREAS,the 2.0 FTE's are prorated for 6 months of the current fiscal year;and WHEREAS,the additional 2.0 FTE's are estimated to generate an ongoing cost to the city of$171,000 annually in future years beginning in FY 2017;and WHEREAS, the city acknowledges that the increase in requirements of$100,000 is offset by the increase in General Fund revenues of$890,000. NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that: SECTION 1: The FY 2015-16 Budget is hereby amended as detailed in Exhibits A. SECTION This resolution is effective immediately upon passage. PASSED: This 10 ♦ day of 14 4�U,'M`er- 2015. f Mayo - ity of Tigard ATTEST: City Recorder-City of Tigard RESOLUTION NO. 15-_5-() Page 1 FY 2016 Special Budget Supplemental Exhibit A PWO1. Engineering Division-FTE Additions An additional appropriation of$100,000 is required to pay for two full-time equivalent positions; an Engineering Tech II and a Management Analyst.The additional appropriation for 2.0 FTE is required to accommodate for the substantial increase in development activities citywide including River Terrace. The requested$100,000 of additional appropriation is prorated for 6 months of the current fiscal year. The cost of these 2.0 FTE are estimated to be approximately$171,000 next fiscal year. As a result of the development activities,especially River Terrace,General Fund resources have increased by $890,000 so far this fiscal year.The revenue generated by River Terrace will fund the additional FTE in future years.This action will increase Public Works program expenditures by$100,000,and increase Reserve for Future Expenditure by$790,000. Revised Revised Budget Amendment Budget General Fund Resources Beginning Fund Balance $ 10,709,593 $ 10,709,593 PropertyTaxes $ 14,330,765 S 14,330,765 Franchise Fees $ 5,909,165 S 5,909,165 Licenses&Permits $ 1,352,420 $ 890,000 S 2,242,420 Intergovernmental S 5,432,785 S 5,432,785 Charges for Services S 3,039,908 S 3,039,908 Fines&Forfeitures $ 873,006 S 873,006 Interest Earnings $ 103,722 S 103,722 Miscellaneous S 56,432 S 56,432 Other Financing Sources S - S - Transfers In from Other Fund. S - S - wal Resources $ 41,807,796 S 890,000 S 42,697,796 Requirements Community Development S 4,037,179 S 4,037,179 Community Services S 22,242,907 S 22,242,907 Policy and Administration S 899,502 S 899,502 Public Works S 4,118,322 S 100,000 S 4,218,322 Program Expenditures Total $ 31,297,910 $ 100,000 $ 31,397,910 Debt Service S - S - Loans $ S Work-In-Progress $ - S - Transfers to Other Funds S 3,434,936 $ 3,434,936 Contingency S 1,120,000 S 1,120,000 Total Budget $ 35,852,846 $ 100,000 $ 35,952,846 Reserve For Future Expenditure $ 5,954,950 $ 790,000 $ 6,744,950 Total Requirements $ 41,807,796 $ 890,000 $ 42,697,796 I:\FIN\Budget 16\Amendments\Special Q1\ENG_FTE-AddENG_FTE-AddPW1 1