TCDA Resolution No. 18-05 CITY OF TIGARD, OREGON
TIGARD TOWN CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 18-D-S-
A RESOLUTION TO ADOPT THE FY 2019 FIRST QUARTER BUDGET SUPPLEMENTAL
INCLUDING BUDGET ADJUSTMENTS TO TOWN CENTER DEVELOPMENT AGENCY (ICDA)
URBAN DEVELOPMENT.
WHEREAS, the TCDA acknowledges those items that were unknown at the time the FY 2019 budget was
adopted;and
WHEREAS,the TCDA recognizes approximately$121,000 of unanticipated budget in operations and transfers;
and
WHEREAS, the increase in budget is offset by unanticipated fund balance, miscellaneous revenue, and
contingency.
NOW,THEREFORE,BE IT RESOLVED by the Tigard Town Center Development Agency that:
SECTION 1: The FY 2018-19 Budget is hereby amended Q1 Supplemental Summary Exhibit A.
SECTION: This resolution is effective immediately upon passage.
r�
PASSED: This ! y-"-day
day of �� 2018.
Chair- DA
ATTEST:
TCDA Recorder-TCDA
TcDA-
RESOLUTION NO. 18-
Page 1
Exhibit A
Q1TCDA01- Carryforward of UR Improvement Program Opportunity F,� and
Carry forward$60,500 in unspent funds from FY 17-18 TCDA Budget for the Urban Renewal Improvement
Program Opportunity Fund to fund matching grants for facade improvements that were approved, but not
completed.
FY 2019 Q1 Revised
Urban Renewal Debt Service Adopted Amendment Q1
Resources
Beginning Fund Balance $ 164,000 $ 60,500 $ 224,500
Property Taxes $ 492,519 $ - $ 492,519
Franchise Fees $ _ $ _ $
Special Assessments $ _ $ _ $
Licenses &Permits $ _ $ _ $
Intergovernmental $ _ $ _ $
Charges for Services $ _ $ _ $
Fines &Forfeitures $ _ $ _ $
Interest Earnings $ 1,500 $ - $ 1,500
Miscellaneous $ _ $ _ $
Other Financing Sources $ _ $ _ $ _
Transfers In from Other Funds $ _ $ _ $ _
Total Resources $ 658,019 $ 60,500 $ 718,519
Requirements
Community Development $ _ $ _ $ _
Community Services $ _ $ _ $ _
Policy and Administration $ _ $ _ $ _
Public Works $ _ $ _ $
Program Expenditures Total $ _ $ _ $ _
Debt Service $ 162,552 $ - $ 162,552
Loan to TCDA $ _ $ _ $
Work-In-Progress $ _ $ _ $ -
Transfers to Other Funds $ 306,000 $ 60,500 $ 366,500
Contingency $ _ $ _ $ _
Total Budget $ 468,552 $ 60,500 $ 529,052
Reserve For Future Expenditure $ 189,467 $ - $ 189,467
Total Requirements $ 658,019 $ 60,500 $ 718,519
Exhibit A
QlTCDA01- Carryforward of UR Improvement Program Opportunity Fund
Carry forward $60,500 in unspent funds from FY 17-18 TCDA Budget for the Urban Renewal Improvement Program
Opportunity Fund to fund matching grants for facade improvements that were approved, but not completed.
FY 2019 Q1 Revised
Urban Renewal Capital Improvements Adopted Amendment Q1
Resources
Beginning Fund Balance $ _ $ _ $
Property Taxes $ _ $ _ $
Franchise Fees $ _ $ $
Special Assessments $ _ $ _ $
Licenses &Permits $ _ $ _ $
Intergovernmental $ _ $ $
Charges for Services $ _ $ _ $
Fines &Forfeitures $ _ $ _ $
Interest Earnings $ _ $ _ $ _
Miscellaneous $ 485,000 $ - $ 485,000
Other Financing Sources $ - $ - $ _
Transfers In from Other Funds $ 306,000 $ 60,500 $ 366,500
Total Resources $ 791,000 $ 60,500 $ 851,500
Requirements
Community Development $ 144,950 $ - $ 144,950
Community Services $ _ $ _ $ _
Policy and Administration $ _ $ _ $
Public Works $ _ $ _ $
Program Expenditures Total $ 144,950 $ - $ 144,950
Debt Service $ _ $ _ $
Loan to TCDA $ _ $ _ $
Work-In-Progress $ 256,000 $ 60,500 $ 316,500
Transfers to Other Funds $ - $ _ $ _
Contingency $ _ $ _ $ -
Total Budget $ 400,950 $ 60,500 $ 461,450
Reserve For Future Expenditure $ 390,050 $ - $ 390,050
Total Requirements $ 791,000 $ 60,500 $ 851,500