Resolution No. 20-18 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 20- i g
A RESOLUTION TO ADOPT THE FY 2020 SPECIAL BUDGET SUPPLEMENTAL FOR COVID-19
RESPONSE INCLUDING BUDGET ADJUSTMENTS TO POLICY AND ADMINISTRATION.
WHEREAS,the city acknowledges those items thatwere unknown at the time the FY 2020 budgetwas adopted;
and
WHEREAS, the city acknowledges extraordinary impacts that the COVID-19 created in our community;and
WHEREAS,the city provides assistance to small businesses and at-risk houseless populations;and
WHEREAS,the city has established $1 million Emergency Reserve,which is intended to help the city bridge a
revenue slowdown caused by a recession or other unforeseen event such as the COVID 19 pandemic;and
WHEREAS,the city recognizes approximately$400,000 of unanticipated budget in operations and transfers;and
WHEREAS,the increase in unanticipated budget is offset by redirecting$206,000 of Business License revenues
from general services to the business assistance and $194,000 from the Emergency Reserve to both business
assistance and housing assistance.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2019-20 Budget is hereby amended as detailed in Exhibit B.
SECTION: This resolution is effective immediately upon passage.
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PASSED: This day of_ 2020.
9 00-
Mayor-City of Tigard
ATTEST:
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City Recorder-City of Tigard
RESOLUTION NO. 20-/ S�
Page 1
Exhibit B
Total All Funds
FY 2020 Special:COVID-19 Revised
Total All Funds Revised Q2 Amendment Special:COVID-19
Resources
Beginning Fund Balance $ 142,498,162 $ - $ 142,498,162
Property Taxes $ 19,507,041 $ - $ 19,507,041
Franchise Fees $ 6,254,627 $ $ 6,254,627
Special Assessments $ 50,000 $ - $ 50,000
Licenses&Permits $ 13,319,103 $ - $ 13,319,103
Intergovernmental $ 15,868,367 $ - $ 15,868,367
Charges for Services $ 47,840,386 $ - $ 47,840,386
Fines&Forfeitures $ 1,655,957 $ - $ 1,655,957
Interest Earnings $ 2,634,000 $ - $ 2,634,000
Miscellaneous $ 696,176 $ - $ 696,176
Other Financing Sources $ - $ - $ -
Transfers In from Other Funds $ 27,239,561 $ - $ 27,239,561
Total Resources $ 277,563,380 $ - $ 277,563,380
R_e uirq ements
Community Development $ 6,020,460 $ - $ 6,020,460
Community Services $ 26,277,896 $ 400,000 $ 26,677,896
Policy and Administration $ 14,545,040 $ - $ 14,545,040
Public Works $ 30,166,726 $ - $ 30,166,726
Program Expenditures Total $ 77,010,122 $ 400,000 $ 77,410,122
Debt Service $ 11,659,000 $ - $ 11,659,000
Loan to TCDA $ 1,000 $ - $ 1,000
Work-In-Progress $ 23,655,066 $ - $ 23,655,066
Transfers to Other Funds $ 27,619,561 $ - $ 27,619,561
Contingency $ 3,554,624 $ (206,000) $ 3,348,624
Total Budget $ 143,499,373 $ 194,000 $ 143,693,373
Reserve For Future Expenditure $ 134,064,007 $ -(194,0092 $ 133,870,007
Total Requirements $ 277,563,380 $ - $ 277,563,380
Exhibit B
General Fund
FY 2020 Revised
General Fund Revised Q2 Q3CM01 Special:COVID-19
ReaQw- c
Beginning Fund Balance $ 21,829,986 $ - $ 21,829,986
Property Taxes $ 17,121,416 $ - $ 17,121,416
Franchise Fees $ 6,254,627 $ - $ 6,254,627
Special Assessments $ - $ - $ -
Iacenses&Permits $ 1,186,521 $ - $ 1,186,521
Intergovernmental $ 7,360,615 $ _ $ 7,360,615
Charges for Services $ 253,702 $ - $ 253,702
Fines&Forfeitures $ 1,654,498 $ - $ 1,654,498
Interest Earnings $ 500,900 $ - $ 500,900
Miscellaneous $ 249,570 $ - $ 249,570
Other Financing Sources $ - $ - $ -
Transfers In from Other Funds $ 292,900 $ - $ 292,900
Total Resources $ 56,704,735 $ - $ 56,704,735
Requirements
Community Development $ 3,836,092 $ - $ 3,836,092
Community Services $ 26,126,831 $ 400,000 $ 26,526,831
Policy and Administration $ 1,089,773 $ - $ 1,089,773
Public Works $ - -
Pro ram Expenditures Total $ 31,052,696 $ 400,000 $ 31,452,696
Debt Service $ - $ - $ -
Loan to TCDA $ 1,000 $ $ 1,000
Work-In-Progress $ - $ - $ -
Transfers to Other Funds $ 2,671,977 $ - $ 2,671,977
Contingency $ 1,336,914 $ (206,000) $ 1,130,914
Total Budget $ 35,062,587 $ 194,000 $ 35,256,587
Reserve For Future Expenditure $ 21,642,148 $ 1� $ 21,448,148
Total Requirements $ 56,704,735 $ - $ 56,704,735