Resolution No. 03-44 CITY OF TIGARD, OREGON
RESOLUTION NO. 03-::4�
A RESOLUTION APPROVING BUDGET AMENDMENT #7 TO THE FY 2003-04 ADOPTED
BUDGET TO INCREASE APPROPRIATIONS FOR FUNDING OF SANITARY SEWER
REIMBURSEMENT DISTRICT PROJECTS
WHEREAS, the City has initiated the Neighborhood Sewer Extension Program to extend public sewers
and recover costs through Reimbursement Districts in accordance with TMC Chapter 13.09; and
WHEREAS, the City Council approved the formation of Sanitary Sewer Reimbursement Districts Nos. 28
and 29 on August 26, 2003 and the estimated total cost of construction for both districts is approximately
$852,559; and
WHEREAS, Sanitary Sewer Reimbursement Districts Nos. 24 and 25 were not completed in FY 2002-03
and funds need to be carried over into FY 2003-04 for completion; and
WHEREAS, the FY 2003-04 Adopted Budget for the Sanitary Sewer Fund only includes $750,000 for the
Sewer Extension Program and needs to be amended to provide for the additional appropriations required for
funding of the program.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2003-04 Adopted Budget of the City of Tigard is hereby amended as shown in
Attachment A to this resolution.
SECTION 2: This resolution is effective immediately upon passage.
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PASSED: This Cday of .Q 1_._ 2003.
ay -Ci igard
ATTEST:
City Recorder- City of Tigard
RESOLUTION NO. 03 -
Page 1
Attachment A
FY 2003-04
Budget Amendment # 7
FY 2003-04 Budget Revised
Revised Amendment Revised
Budget #7 Budget
Sanitary Sewer Fund
Resources
Beginning Fund Balance 8,388,092 8,388,092
Property Taxes 0 0
Grants 0 0
Interagency Revenues 15,000 15,000
Development Fees&Charges 0 0
Utiltity Fees and Charges 1,530,310 1,530,310
Miscellaneous Fees and Charges 0 0
Fines and Forfeitures 0 0
Franchise Fees and Business Tax 0 0
Interest Earnings 167,762 167,762
Bond Proceeds/Principal 0 0
Other Revenues (5,000) (5,000)
Transfers In from Other Funds 0 0
Total $10,096,164 $0 $10,096,164
Requirements
Community Service Program 0 0
Public Works Program 627,883 627,883
Development Services Program 0 0
Policy &Administration Program 0 0
General Government 0 0
Program Expenditures Total $627,883 $0 $627,883
Debt Service $0 $0
Capital Improvements $922,300 $214,000 $1,136,300
Transfers to Other Funds $290,353 $290,353
Contingency $282,000 ($214,000) $68,000
Total Requirements $2,122,536 $0 $2,122,536
Ending Fund Balance 7,973,628 7,973,628
Grand Total $10,096,164 $0 $10,096,164