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Resolution No. 05-41 CITY OF TIGARD, OREGON RESOLUTION NO. 05-14 A RESOLUTION OF THE CITY OF TIGARD ADOPTING THE BUDGET, MAKING APPROPRIATIONS, ESTABLISHING AN INTERFUND LOAN, DECLARING THE VALOREM TAX LEVY, AND CLASSIFYING THE LEVY AS PROVIDED BY ORS 310.060 (2) FOR FISCAL YEAR 2005-06 WHEREAS, the budget for the City of Tigard for the year beginning July 1, 2005 was duly approved and recommended to the City Council by the regularly constituted Budget Committee at its meetuig on May 16, 2005, after proceedings in accordance with Chapter 294, Oregon Revised Statutes; and WIC-REAS, a summary of the budget as required by Chapter 294.416 was duly published in the Tigard Times, a newspaper of general circulation in the City in accordance with Chapter 294.421; and WHEREAS, a hearing by the Tigard City Council on the budget document, as approved by the Budget Coxnlnittee, was duly called and held on June 14, 2005, where all interested persons were afforded an opportunity to appear and be heard with respect to the budget; and WHEREAS, the General Fund needs interim financing from the Water Fund for the non-SDC portion of park land acquisition in the Parks Capital Fund; and WHEREAS, ORS 294.460 allows a local govermnent to loan money from one fur-id to another for capital purposes for up to five years frorn the date it is borrowed with interest charged on the loan at either the local goveinment investment pool or at a rate determined by the City Council; and WHEREAS,two new funds need to be established to record the revenues and expenditures relating to Parrs System Development Charges and the 79"'Avenue LID; and WHEREAS, the project associated with the Dartmouth LID/CIP Fund has been completed and the fund is no longer needed. NOW, THEREFORE,BE IT RESOLVED by the Tigard City Council that: SECTION 1: The Council adopts the budget for FY 2005-06 in the total amount of$82,752,110. SECTION 2: The appropriations for the fiscal year beginning July 1, 2005 are established as shown in attached Exhibit A. SECTION 3: A loan from the Water Fund to the General Fund in the amount of $295,945 is hereby approved. SECTION 4: The principal amount of the loan shall be repaid to the Water Fund using the following schedule of payments: FY 2005-06 $56,303 RESOLUTION NO. 05 f Page 1 FY 2006-07 $57,710 FY 2007-08 $59,153 FY 2008-09 $60,632 FY 2009-10 $62,147 SECTION: 5: Interest payments over the life of the loan shall be set at the eartungs rate on the City's investment pool. SECTION 6: The Parks SDC Fund and the 79"' Avenue LID Fund are created to track revenue and expenditures for those purposes. SECTION 7: The Dartmouth LID/CIP Fund is dissolved. SECTION 8: The City of Tigard City Council hereby imposes the taxes provided for in the adopted budget at the rate of$2.5131 per $1,000 of assessed value for general operations; and in the amount of$827,151 for bonds; and that these taxes are hereby imposed and categorized for tax year 2005-06 upon the assessed value of all taxable property in the City. General Government Limit General Fund $2.51311$1000 Excluded from Limit General Obligation Debt Fund $827,151 SECTION 6: This resolution is effective immediately upon passage. PASSED: This day of 2005• Mayor- City of Tigard ATTEST: &4wU,_t �D k_Q��� City Recorder-City of Tigard RESOLUTION NO. 05 - Page 2 Exhibit A Schedule of Appropriations Fiscal Year 2005-06 Resolution No, 05-41 Budget Committee Council Fund Program Proposed Changes Approved Changes Adopted General Fund Community Services $12,218,688 ($249,439) $11,969,249 $0 $11,969,249 Public Works 2,632,492 (3,404) 2,629,088 0 2,629,088 Development Services 2,949,659 (8,237) 2,941,422 0 2,941,422 Policy and Administration 344,656 (1,571) 343,085 0 343,085 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 4,515,792 (8,060) 4,507,732 0 4,507,732 Capital Improvements 0 0 0 0 0 Contingency 1,000,000 0 1,000,000 0 1,000,000 Total Fund $23,661,287 ($270,712) $23,390,575 $0 $23,390,575 Sanitary Sewer Fund Community Services $0 $0 $0 $0 $0 Public Works 901,944 (2,112) 899,832 0 899,832 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 574,619 (403) 574,216 0 574,216 Capital Improvements 2,990,000 0 2,990,000 0 2,990,000 Contingency 679,000 0 679,000 0 679,000 Total Fund $5,145,563 ($2,515) $5,143,048 $0 $5,143,048 Storm Sewer Fund Community Services $0 $0 $0 $0 $0 Public Works 878,897 (1,530) 877,367 0 877,367 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 411,793 115 411,908 0 411,908 Capital Improvements 589,000 85,000 674,000 0 674,000 Contingency 150,000 0 150,000 0 150,000 Total Fund $2,029,690 $83,585 $2,113,275 $0 $2,113,275 Water Fund Community Services $0 $0 $0 $0 $0 Public Works 5,254,225 (3,910) 5,250,315 0 5,250,315 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 7,337,586 1,764 7,339,350 0 7,339,350 Capital Improvements 1,130,250 0 1,130,250 0 1,130,250 Contingency 1,000,000 0 1,000,000 0 1,000,000 Total Fund $14,722,061 ($2,146) $14,719,915 $0 $14,719,915 1 Exhibit A Schedule of Appropriations Fiscal Year 2005-06 Resolution No. 05-41 Budget Committee Council Fund Program Proposed Changes Approved Changes Adopted Water SDC Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 970,476 0 970,476 0 970,476 Capital Improvements 830,000 0 830,000 0 830,000 Contingency 100,000 0 100,000 0 100,000 Total Fund $1,900,476 $0 $1,900,476 $0 $1,900,476 Water CIP Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 0 0 0 0 0 Capital Improvements 2,490,493 1,048,500 3,538,993 0 3,538,993 Contingency 373,500 0 373,500 0 373,500 Total Fund $2,863,99.3 $1,048,500 $3,912,493 $0 $3,912,493 Water Quality/Quantity Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 76,196 (2) 76,194 0 76,194 Capital Improvements 275,000 0 275,000 0 275,000 Contingency 34,000 0 34,000 0 34,000 Total Fund $385,196 ($2) $385,194 $0 $385,194 Criminal Forfeiture Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 50,000 0 50,000 0 50,000 Capital Improvements 0 0 0 0 0 Contingency 0 0 0 0 0 Total Fund $50,000 $0 $50,000 $0 $50,000 2 Exhibit A Schedule of Appropriations Fiscal Year 2005-06 Resolution No. 05-41 Budget Committee Council Fund Program Proposed Changes Approved Changes Adopted Gas Tax Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 445,000 0 445,000 0 445,000 Policy and Administration 0 0 0 0 D General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 1,306,833 (1,216) 1,305,617 0 1,305,617 Capital Improvements 1,943,361 0 1,943,361 0 1,943,361 Contingency 350,000 0 350,000 0 350,000 Total Fund $4,045,194 ($1,216) $4,043,978 $0 $4,043,978 Parks SDC Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 1,909,917 0 1,909,917 0 1,909,917 Capital Improvements 0 0 0 0 0 Contingency 0 0 0 0 0 Total Fund $1,909,917 $0 $1,909,917 $0 $1,909,917 Parks Capital Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 282,876 0 282,876 0 282,876 Transfer 1,900,000 0 1,900,000 0 1,900,000 Capital Improvements 3,714,566 0 3,714,566 0 3,714,566 Contingency 150,000 0 150,000 0 150,000 Total Fund $6,047,442 $0 $6,047,442 $0 $6,047,442 Traffic Impact Fee Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 207,304 (507) 206,797 0 206,797 Capital Improvements 2,051,364 0 2,051,364 0 2,051,364 Contingency 325,000 0 325,000 0 325,000 Total Fund $2,583,668 ($507) $2,583,161 $0 $2,583,161 3 Exhibit A Schedule of Appropriations Fiscal Year 2005-06 Resolution No. 05-41 Budget Committee Council Fund Program Proposed Changes Approved Changes Adopted Traffic Impact Fee Urban Services Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 31,046 (94) 30,952 0 30,952 Capital Improvements 200,000 0 200,000 0 200,000 Contingency 34,000 0 34,000 0 34,000 Total Fund $265,046 ($94) $264,952 $0 $264,952 Building Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 1,724,464 (3,548) 1,720,916 0 1,720,916 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 399,347 (1,209) 398,138 0 398,138 Capital Improvements 0 0 0 0 0 Contingency 300,000 0 300,000 0 300,000 Total Fund $2,423,811 ($4,757) $2,419,054 $0 $2,419,054 Electrical Inspection Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 296,344 (682) 295,662 0 295,662 Capital Improvements 0 0 0 0 0 Contingency 40,000 0 40,000 0 40,000 Total Fund $336,344 ($682) $335,662 $0 $335,662 Underground Utility Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 0 0 0 0 0 Capital Improvements 170,000 0 170,000 0 170,000 Contingency 26,000 0 26,000 0 26,000 Total Fund $196,000 $0 $196,000 $0 $196,000 4 Exhibit A Schedule of Appropriations Fiscal Year 2005-06 Resolution No. 05-41 Budget Committee Council Fund Program Proposed Changes Approved Changes Adopted Insurance Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 Genera[ Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 0 0 0 0 0 Capital Improvements 0 0 0 0 0 Contingency 0 0 0 0 0 Total Fund $0 $0 $0 $0 $D Urban Services Fund Community Services $0 $0 $0 $0 $D Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 496,093 (1,176) 494,917 0 494,917 Capital Improvements 0 0 0 0 0 Contingency 49,000 0 49,000 0 49,000 Total Fund $545,093 ($1,176) $543,917 $0 $543,917 79th Ave LID Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 Genera[ Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 0 0 0 0 0 Capital Improvements 1,350,000 0 1,350,000 0 1,350,000 Contingency 0 0 0 0 0 Total Fund $1,350,000 $0 $1,350,000 $0 $1,350,000 Street Maintenance Fee Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service D 0 0 0 0 Transfer 119,800 0 119,800 0 119,800 Capital Improvements 725,000 0 725,000 0 725,000 Contingency 80,500 0 80,500 0 80,500 Total Fund $925,300 $0 $925,300 $0 $925,300 5 Exhibit A Schedule of Appropriations Fiscal Year 2005-06 Resolution No. 05-41 j Budget j Committee Council Fund Program Proposed Changes Approved Changes Adopted Facility Fund Community Services $0 $0 $0 $0 $0 Public Works 0 D 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 51,000 0 51,000 0 51,000 Capital improvements 1,470,254 0 1,470,254 0 1,470,254 Contingency 260,000 0 260,000 0 260,000 Total Fund $1,781,254 $0 $1,781,254 $0 $1,781,254 Wall Street LID Fund Community Services $0 $D $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service D 0 0 0 0 Transfer 0 0 0 0 0 Capital Improvements 40,000 0 40,000 0 40,000 Contingency 0 0 0 0 0 40 000 $0 $40,000 4D 000 $0 $ Total Fund $ > Central Services Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 D 0 Development Services 0 0 0 0 0 Policy and Administration 4,109,622 (6,375) 4,103,247 0 4,103,247 General Government 417,682 0 417,682 0 417,682 Debt Service 0 0 0 0 0 Transfer 201,456 (379) 201,077 0 201,077 Capital ital Im rovements 0 0 0 0 0 Contingency 718,625 0 718,625 0 718,625 Total Fund $5,447,385 ($6,754) $5,440,631 $0 $5,440,631 Fleet/Property Management Fund Community Services $0 $0 $0 $0 $0 Public Works 1,141,988 (771) 1,141,217 0 1,141,217 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 0 0 0 0 0 Transfer 82,050 298 82,348 0 82,348 Capital Improvements 0 0 0 0 0 Contingency 90,000 0 90,000 0 90,000 Total Fund $1,314,038 ($473) $1,313,565 $0 $1,313,565 6 Exhibit A Schedule of Appropriations Fiscal Year 2005-06 Resolution No. 05-41 Budget Committee Council Fund Program Proposed Changes Approved _ Changes Adopted GIO Bond Debt Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 972,563 0 972,563 0 972,563 Transfer 0 0 0 0 0 Capital Improvements 0 0 0 0 0 Contingency 0 0 0 0 0 Total Fund $972,563 $0 $972,563 $0 $972,563 Bancroft Bond Debt Fund Community Services $0 $0 $0 $0 $0 Public Works 0 0 0 0 0 Development Services 0 0 0 0 0 Policy and Administration 0 0 0 0 0 General Government 0 0 0 0 0 Debt Service 969,736 0 969,736 0 969,736 Transfer 0 0 0 0 0 Capital Improvements 0 0 0 0 0 Contingency 0 0 0 0 0 Total Fund $969,736 $0 $969,736 $0 $969,736 Total Appropriations $81,911,057 $841,051 $82,752,108 $0 $82,752,108 7