Loading...
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. f •- � PASSED: This day of_ 2020. 9 00- Mayor-City of Tigard ATTEST: --&v WA .a 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