Resolution No. 06-48 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 06-4q
A RESOLUTION APPROVING BUDGET AMENDMENT #1 TO THE FY 2006-07 BUDGET
TO INCREASE APPROPRIATIONS IN THE SANITARY SEWER DIVISION FOR
PURCHASE OF A REPLACEMENT BACKHOE.
WHEREAS, in FY 2005-06, the Sanitary Sewer Division budgeted to replace a backhoe; and
WHEREAS, the Division ordered the replacement backhoe in February 2006 and delivery was
anticipated to be in May 2006;and
WHEREAS, due to delays caused by manufacturing problems, the backhoe will be received after
July 1, 2006; and
WHEREAS, Generally Accepted Accounting Principles 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 expenditure; and
WHEREAS, it is now necessary to amend the FY 2006-07 Budget to increase appropriations in
Sanitary Sewer Division 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 $84,899 from the Sanitary Sewer Fund contingency to the
Public Works Department's Sanitary Sewer Division operating budget to pay for the
replacement backhoe.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This day of 2006.
Mayor- tity of Tigard
ATTEST:
City Recorder- City of Tigard
RESOLUTION NO. 06 - �
Page 1
Attachment A
FY 2006-07
Budget Amendment # 1
FY 2006-07 Budget Adopted
Adopted Amendment Revised
Budget # 1 Budget
Sanitary SewerFund
Resources
Beginning Fund Balance $7,561,169 $7,561,169
Utiltity Fees and Charges 1,392,500 1,392,500
Interest Earnings 125,000 125,000
Other Revenues (5,000) (5,000)
Transfers In from Other Funds 0 0
Total Resources $9,073,669 $0 $9,073,669
Requirements
Public Works Program 805,220 84,899 890,119
Program Expenditures Total $805,220 $84,899 $890,119
Debt Service $0 $0
Capital Improvements $2,520,000 $2,520,000
Transfers to Other Funds $429,647 $429,647
Contingency $563,300 ($84,899) $478,401
Total Budget $4,318,167 $0 $4,31$,167
Ending Fund Balance 4,755,502 4,75$,502
Total Requirements $9,073,669 $0 $9,073,669