Resolution No. 16-24 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 16- a*/
A RESOLUTION TO AMEND THE FY 2016 ADOPTED BUDGET TO ACHIEVE THE
FOLLOWING: BUDGET ADJUSTMENTS IN THE CAPITAL IMPROVEMENT PROGRAM.
WHEREAS, the city acknowledges those items that were unknown at the time the FY 2016 Budget was
adopted;and
WHEREAS, the city recognizes approximately $18,400 of unanticipated expenditures within the capital
improvement program;and
WHEREAS,the city acknowledges that the increase in unanticipated expenditures are offset by contingency.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2015-16 Budget is hereby amended as detailed in Exhibit A.
SECTION This resolution is effective immediately upon passage.
PASSED: This / c/ fh day of 2016.
May -Cityof Tigard
ATTEST:
City Recorder-City of TigarcV
RESOLUTION NO. 16-„L y
Page 1
FY 2016 Fourth Quarter Budget Supplemental Exhibit A
Amended
FIS 01.Credit Card Fees-Budget Cleanup
The FY 2016 Adopted Budget allocates a total of$6,800 for credit cards fees in both the Transportation
Development Tax(TDT)and Parks SDC funds. A total of$9,200 is needed in each fund for the continued
use of credit card fees until fiscal year end.As a result,contingency within the Parks SDC and TDT Funds
will decrease by$9,200 with an equal increase capital program expenditures.
Q3 Q4
Revised Revised
Budget, Amendment Budget
Transportation Development Tax Fund
Resources Beginning Fund Balance $ 1,122,633 $ 1,122,633
Property"taxes $ $
Franchise Fees $ $
Licenses&Permits $ 700,000 $ 700,000
Intergovernmental $ - $ -
Charges for Services $ $
Fines&Forfeitures $ - $ -
Interest Earnings $ 11,279 $ 11,279
Miscellaneous $ - $ -
Other Financing Sources $ $
Transfers In from Other Funds $ $
Total Resources $ 1,833.912 $ $ 1,833,912
Requirements
Community Development $ - $
Community Services $ $
Policy and Administration $ $
Public Works $ $
Program Expenditures Total $ $ $
Debt Service $ $
Loans $ $ -
Work-In-Progress $ 6,800 $ 9,200 $ 16,000
Transfers to Other Funds $ 536,690 $ 536,690
Contingency $ 250,000 $ (9,200) $ 240,800
Total Budget $ 793,490 $ $ 793,490
Reserve For Future Expenditure $ 1,040,422 $ $ 1,040,422
Total Requirements 1 1,833,9]2 $ $ 1. 3
I:\FIN\Budget 16\Amendments\Q4\Exh1bit A_AmendedExhibit A AmendedFISI 1
FY 2016 Fourth Quarter Budget Supplemental Exhibit A
Amended
FIS 01.Credit Card Fees-Budget Cleanup
The FY 2016 Adopted Budget allocates a total of$6,800 for credit cards fees in both the Transportation
Development Tax(MT)and Parks SDC funds. A total of$9,2M is needed in each fund for the continued
use of credit card fees until fiscal year end.As a result,contingency within the Parks SDC and TDT Funds
will decrease by$9,200 with an equal increase capital program expenditures.
Q4
Adopted Revised
Budget Amendment Budget
Parks SDC Fund
Resources Beginning Fund Balance $ 1,000,054 $ 1,000,054
Property Taxes $ - S -
Franchise Fees $ - S -
Licenses&Permits $ 478,027 $ 478,027
Intergovernmental $ $ -
Charges for Services $ $
Fines&Forfeitures $ - $ -
Interest Earrings $ 19,782 $ 19,782
Miscellaneous $ - $ -
Other Financing Sources $ $
Transfers In from Other Funds $ $
Total Resources S 1,497,863 ; ; 1,497,863
Requirements
Community Development S $
Program Expenditures Total $ ; $
Debt Service $ $ -
Loans $ $ -
Work-In-Progress $ 6,800 $ 91200 $ 16,000
Transfers to Other Funds $ 1,200,414 $ 1,200,414
Contingency $ 80,000 $ (9,200) $ 70,800
Total Budget $ 1,287,214 ; $ 12287,214
Reserve For Future Expenditure ; 210,649 ; ; 210,649
Total Requirements S 1,497,863 ; ; 1,497,863
1:\FIN\Budget 16\Amendments\44\Exhibit A_AmendedExhibit A_AmendedFIS1 2
FY 2016 Fourth Quarter Supplemental Exhibit-B
Summary of Budget Changes Amended
Q3 Q4
Revised Revised
Budget Amendment Budget
Affected City Funds
Resources
Beginning Fund Balance $ 2,122,687 $ - $ 2,122,687
Property Taxes $ - $ $
Franchise Fees $ $ $
Special Assessments $ $ $ -
Licenses&Permits $ 1,178,027 $ $ 1,178,027
Intergovernmental $ - $ $ -
Charges for Services $ - $ $
Fines&Forfeitures $ - $ $ -
Interest Earnings $ 31,061 S $ 31,061
Miscellaneous $ - $ $ -
Other Financing Sources $ $ $
Transfers In from Other Funds S S $ -
Total Resources $ 3,331,775 $ - $ 3,3311,775
Requirements
Community Development S S S -
Community Services S S S -
Policy&Administration S S $
Public Works S $ $
Program Expenditures Total $ - $ - $ -
Debt Service $ - $ $
Loans $ - $ - $ -
Work-In-Progress $ 13,600 $ 18,400 $ 32,000
Transfers to Other Funds $ 1,737,104 $ - $ 1,737,104
Contingency $ 330,000 $ (18,400) $ 311,600
Total Budget $ 2,080,704 $ - $ 2,080,704
Reserve For Future Expenditure $ 1,251,071 $ - $ 1,251,071
Total Requirements $ 3,3311775 $ - $ 3,331,775
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FY 2016 Fourth Quarter Supplemental Exhibit-B
Summary of Budget Changes Amended
Q3 Q4
Revised Revised
Budget Amendment Budget
Transportation Development Tax Fund
Resources
Beginning Fund Balance $ 1,122,633 $ - $ 1,122,633
Property Taxes $ - $ $ -
Franchise Fees $ $ $
Special Assessments $ $ $
Licenses&Permits $ 700,000 $ $ 700,000
Intergovernmental $ - $ $ -
Charges for Services $ $ $ -
Fines&Forfeitures $ $ - $ -
Interest Earnings $ 11,279 $ $ 11,279
Miscellaneous $ - $ $ -
Other Financing Sources $ - $ $
Transfers In from Other Funds $ - $ - $ -
Total Resources $ 1,833,912 $ - $ 1,833,912
Requirements
Community Development $ - $ $ -
Community Services $ $ $
Policy and Administration $ $ $
Public Works $ - $ $
Program Expenditures Total $ - $ - $
Debt Service $ $ $
Loans $ $ $
Work-In-Progress $ 6,800 $ 9,200 $ 16,000
Transfers to Other Funds $ 536,690 $ - $ 536,690
Contingency $ 250,000 $ (9,200) $ 240,800
Total Budget $ 793,490 $ - $ 793,490
Reserve For Future Expenditure $ 1,040,422 $ - $ 1,040,422
Total Requirements $ 1,833,912 $ - $ 1,833,912
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FY 2016 Fourth Quarter Supplemental Exhibit-B
Summary of Budget Changes Amended
Q4
Adopted Revised
Budget Amendment Budget
Parks SDC Fund
Resources
Beginning Fund Balance $ 1,000,054 $ - $ 1,000,054
Property Taxes $ - S $ -
Franchise Fees $ $ $
Special Assessments S $ $
Licenses&Permits $ 478,027 $ S 478,027
Intergovernmental $ - $ S -
Charges for Services S $ S
Fines&Forfeitures S $ $
Interest Earnings $ 19,782 $ $ 19,782
Miscellaneous $ - $
Other Financing Sources $ $ $
Transfers In from Other Funds $ $ $
Total Resources $ 1,497,863 $ - $1,497,863
Requirements
Community Development $ - $ $
Community Services $ $ $
Policy and Administration $ $ $
Public Works $ - $ $
Program Expenditures Total $ - $ - $ -
Debt Service $ $ $
Loans $ $ $
Work-In-Progress $ 6,800 $ 9,200 $ 16,000
Transfers to Other Funds $ 1,200,414 $ - $ 1,200,414
Contingency $ 80,000 $ (9,200) $ 70,800
Total Budget $ 1,287,214 $ - $ 1,287,214
Reserve For Future Expenditure $ 210,649 $ - $ 210,649
Total Requirements $ 1,497,863 $ - $ 1,497,863
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