Resolution No. 06-49 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 06-1-4 Ct
A RESOLUTION APPROVING BUDGET AMENDMENT #2 TO THE FY 2006-07 BUDGET
TO INCREASE APPROPRIATIONS IN THE PARKS CAPITAL PROJECTS BUDGET
WITHIN THE COMMUNITY INVESTMENT PROGRAM FOR PURCHASE AND
INSTALLATION OF A PLAY STRUCTURE AT NORTHVIEW PARK.
WHEREAS, in FY 2005-06, the Parks Capital Project budget included $25,000 for purchase and
installation of a play structure at Northview Park; and
WHEREAS, the Parks Division staff ordered the structure in early 2006 and delivery and installation
was anticipated to be prior to July 1, 2006; and
WHEREAS, due to delays caused by transferring the state bid listing from the prior playground
vendor to the current vendor, the play structure will not be received nor installed prior to July 1, 2006;
and
WHEREAS, Generally Accepted Accounting Principles (GAAP) requires that expenditures be
recorded when the product is actually received; and
WHEREAS, funds were not appropriated in FY 2006-07 to pay for this expenditures; and
WHEREAS, it is now necessary to amend the FY 2006-07 Budget to increase appropriations in the
Parks Capital Projects budget to pay for this expenditure.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2006-07 Budget is hereby amended as shown in Attachment A to this
resolution to transfer $25,000 from the Parks Capital Fund contingency to the Parks
Capital Projects budget for the purchase and installation of the play structure.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This -'day of C)- +- 2006.
Mayor-"T-Q-"T-Qof Tigard
A ST:
City Recorder- City of Tigard
RESOLUTION NO. 06 -
Page 1 C
Attachment A
FY 2006-07
Budget Amendment # 2
FY 2006-07 Budget Adopted
Adopted Amendment Revised
Budget #2 Budget
Parks Capital Fund
Resources
Beginning Fund Balance $343,216 $343,216
Grants 454,101 454,101
Development Fees &Charges 10,000 10,000
Interest Earnings 15,000 15,000
Other Revenues 40,000 40,000
Transfers In from Other Funds 2,088,252 2,088,252
Total $2,950,569 $0 $2,950,569
Requirements
Program Expenditures Total $0 $0 $0
Debt Service $282,025 $282,025
Capital Projects $2,457,876 $2)457,876
Transfers to Other Funds $0 $0
Contingency $150,000 ($25,000) $125,000
Total Budget $2,889,901 ($25,000) $2,864,901
Ending Fund Balance 60,668 60,668
Total Requirements $2,950,569 ($25,000) $2,925,569