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TCDA Resolution No. 21-07 CITY OF TIGARD, OREGON TIGARD TOWN CENTER DEVELOPMENT AGENCY RESOLUTION NO. 21-0.7 A RESOLUTION TO ADOPT THE FY 2022 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 2022 budget was adopted;and WHEREAS,the TCDA recognizes approximately$199,000 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 2021-22 Budget is hereby amended Q1 Supplemental Summary Exhibit B. SECTION: This resolution is effective immediately upon passage. PASSED: Thisfh day of.j�re� 2021. J� Chair-TCDA ATTEST: TCDA Recorder-TCDA Jr RESOLUTION NO. 21-G 7 Page 1 Exhibit B City Center Capital Improvements FY 2022 Revised City Center Capital Improvements Adopted QlTCDA01 QlTCDA02 Q1 Resources Beginning Fund Balance $ 2,312,600 $ 61,000 $ 52,000 $ 2,425,600 Property Taxes $ - $ - $ - $ Franchise Fees $ _ $ _ $ _ $ Special Assessments $ _ $ _ $ _ $ Licenses&Permits $ _ $ _ $ _ $ _ Intergovernmental $ _ $ _ $ _ $ _ Charges for Services $ _ $ _ $ _ $ _ Fines&Forfeitures $ _ $ _ $ _ $ _ Interest Earnings $ _ $ _ $ _ $ _ Miscellaneous $ _ $ _ $ _ $ _ Other Financing Sources $ _ $ _ $ - $ - Transfers In from Other Funds $ 2,301,000 $ - $ 86,000 $ 2,387,000 Total Resources $ 4,613,600 $ 61,000 $ 138,000 $ 4,812,600 Requirements TCDA $ 215,000 $ 61,000 $ - $ 276,000 Community Services $ - $ - $ _ $ - Policy and Administration $ _ $ _ $ _ $ _ Public Works $ _ $ _ $ _ $ _ Program Expenditures Total $ 215,000 $ 61,000 $ - $ 276,000 Debt Service $ _ $ - $ _ $ _ Loan to TCDA $ _ $ _ $ _ $ _ Fork-In-Progress $ 4,373,000 $ - $ 138,000 $ 4,511,000 Transfers to Other Funds $ _ $ _ $ _ $ _ Contingency $ - $ _ $ _ $ _ Total Budget $ 4,588,000 $ 61,000 $ 138,000 $ 4,787,000 Reserve For Future Expenditure $ 25,600 $ - $ - $ 25,600 Total Requirements $ 4,613,600 $ 61,000 $ 138,000 $ 4,812,600