Resolution No. 05-55A CITY OF TIGARD, OREGON
RESOLUTION NO. 05-JSS A-
A RESOLUTION TO APPROVE BUDGET AMENDMENT #1 TO THE FY 2005-06 BUDGET TO
INCREASE APPROPRIATIONS IN THE WATER, WATER CII', AND WATER SDC FUNDS FOR
FUNDING OF CERTAIN CAPITAL WATER PROTECTS.
WHEREAS, in FY 2004-05 the Water Capital Improvement Prograrii budget included funding for the
purchase of a reservoir site near Alberta Rider School, Walnut Street reconstruction, and a Telemetry
Upgrade; and
WHEREAS, these projects were not completed to the level.as had been projected in FY 2004-05 and their
appropriations were not carried forward into FY 2005-06;and
WHEREAS,the FY 2005-06 Water Capital Improvement Program budget does not include any funding for
purchase of the reservoir site near Albert Rider; and
WHEREAS, the FY 2005-06 Water Capital Improvement Program budget includes funding for
construction of Aquifer Storage Recovery (ASR) #2 well, purchase of another reservoir site on the north
side of Bull Mountain, and includes some funding for the completion of the Walnut Street reconstruction
and Telemetry Upgrade; and
WHEREAS, the fiu-rdhlg budgeted for these projects is not adequate now that the cost estimates have been
updated and that the funding from FY 2004-05 was not carried forward.; and
WHEREAS, a new project related to the acquisition of a long term water supply has recently been
identified; and
WHEREAS,the total additional finding needed for all of these projects is $2,144,220; and
WHEREAS, the Water, Water SDC, and Water CII' funds do not have sufficient contingencies to fund
these projects; and
WHEREAS, staff has identified projects that can be postponed until FY 2006-07, so that their
appropriations totaling$1,690,000 can be used to fund the purchase of the two water reservoir sites; and
WHEREAS, those projects that will be postponed are the construction of the reservoir site near Alberta
Rider school,Upgrade of 10 MG Transfer Pump Station, and construction of ASR#3 well; and
WHEREAS, the Capital Improvement Program budget in the Water Fund needs to be increased by
$135,680 to provide the additional finding for the Telemetry Upgrade and the Walnut Street reconstruction;
and
WHEREAS, the Capital Improvement Program budget in the Water SDC Fund needs to be increased by
$58,360 to provide additional funding for the Walnut Street reconstruction; and
RESOLUTION NO. 05 - �Sr
Page 1
WHEREAS, the Capital Improvement Program budget in the Water CIP needs to be increased by$260,000
to provide fmiding for the Labe Oswego Feasibility Study, the reservoir purchases, and the ASR #2 Well
construction project.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2005-06 Budget is hereby arnended as shown in Attachment A to this resolution
to transfer $135,860 from the Water Fund contingency, $58,360 from the Water SDC
Fund contingency, and $260,000 from the Water CIP Fund contingency to the Water
Capital Improvement Project budgets.
This Resolution will also postpone certain projects as listed above with total
appropriations equaling $1,690,000. These appropriations will then be used to fund the
purchase of two reservoir sites
SECTION 2: This resolution is effective immediately upon passage.
J -�1
PASSED: This / day of 2005.
Mayor City of Tigard
ATTEST:
City Recorder- City of Tig
RESOLUTION NO. 05 - 1--)
Page 2
Attachment A
FY 2005-06
Budget Amendment # 1
FY 2005-06 Budget FY 2005-06
Adopted Amendment Revised
Budget # 1 Budget
Water Fund
Resources
Beginning Fund Balance $7,204,703 $7,204,703
Grants 50,000 50,000
Development Fees & Charges 413,166 413,166
Utiltity Fees and Charges 6,755,692 6,755,692
Miscellaneous Fees and Charges 12,000 12,000
Interest Earnings 212,500 212,500
Other Revenues 14,000 14,000
Transfers In from Other Funds 63,701 63,701
Total $14,725,762 $0 $14,725,762
Requirements
Public Works Program $5,250,315 $5,250,315
Program Expenditures Total $5,250,315 $0 $5,250,315
Debt Service $0 $0
Capital Improvements $1,130,250 $135,860 $1,266,110
Transfers to Other Funds $7,339,350 $7,339,350
Contingency $1,000,000 ($135,860) $864,140
Total Requirements $14,719,915 $0 $14,719,915
Ending Fund Balance 5,847 5,847
Grand Total $14,725,762 $0 $14,725,762
Attachment A
FY 2005-06
Budget Amendment # I
FY 2005-06 Budget FY 2005-06
Adopted Amendment Revised
Budget # 1 Budget
Wafer SDC Fund
Resources
Beginning Fund Balance $1,520,563 $1,520,563
Development Fees & Charges 346,272 346,272
Interest Earnings 45,000 45,000
Transfers In from Other Funds 0 0
Total $1,911,835 $0 $1,911,835
Requirements
Debt Service $0 $0
Capital Improvements $830,000 $58,360 $888,360
Transfers to Other Funds $970,476 $970,476
Contingency $100,000 ($58,360) $41,640
Total Requirements $1,900,476 $0 $1,900,476
Ending Fund Balance 11,359 11,359
Grand Total $1,911,835 $0 $1,911,835
Water C1P Fuad
Resources
Beginning Fund Balance $1,971,127 $1,971,127
Development Fees & Charges 350,000 350,000
Interest Earnings 100,000 100,000
Transfers In from Other Funds 6,570,476 6,570,476
Total $8,991,603 $0 $8,991,603
Requirements
Debt Service $0 $0
Capital Improvements $3,538,993 $260,000 $3,798,993
Transfers to Other Funds $0 $0
Contingency $373,500 ($260,000) $113,500
Total Requirements $3,912,493 $0 $3,912,493
Ending Fund Balance 5,079,110 5,079,110
Grand Total $8,991,603 $0 $8,991,603