Resolution No. 06-50 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 06-,50
A RESOLUTION APPROVING BUDGET AMENDMENT #3 TO THE FY 2006-07 BUDGET
TO INCREASE APPROPRIATIONS IN THE WATER, SANITARY SEWER, AND
STORMWATER CAPITAL PROJECT BUDGETS WITHIN THE COMMUNITY
INVESTMENT PROGRAM FOR FUNDING OF THE WATER BUILDING REMODEL.
WHEREAS, during the budget process, the Budget Committee removed funding for the Water
Building remodel from the budget and placed the funds in contingency; and
WHEREAS, the Budget Committee directed staff to bring additional information to City Council
regarding the project; and
WHEREAS, on July 18, 2006, staff presented additional information on the project; and
WHEREAS, the City Council directed staff to proceed with the Water Building remodel; and
WHEREAS, it is now necessary to amend the FY 2006-07 Budget to increase appropriations in the
Water, Sanitary Sewer, and Stormwater Capital Project budgets to fund the remodel.
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 $400,000 from the Water Fund Contingency to the Water
Capital Project budget, $130,000 from the Sanitary Sewer Fund Contingency to the
Sanitary Sewer Capital Project budget, and $100,000 from the Stormwater Fund
Contingency to the Stormwater Capital Project budget for funding of the Water
Building remodel
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This day of S 2006.
Mayor- City of Tigard
ATTEST:
City Recorder- City of Tigard
RESOLUTION NO.06 -
Page 1
Attachment A
FY 2006-07
Budget Amendment # 3
FY 2006-07 Budget Adopted
Adopted Amendment Revised
Budget # 3 Budget
Water Fund
Resources
Beginning Fund Balance $2,102,618 $2,102,618
Property Taxes 0 0
Grants 0 0
Fines and Forfeitures 0 0
Other Revenues 16,750 16,750
Transfers In from Other Funds 0 0
Total $9,025,448 $0 $9,025,448
Requirements
Community Service Program $0 $0
Public Works Program 5,769,929 5,769,929
Policy&Administration Program 0 0
Debt Service $0 $0
Capital Projects $859,110 $400,000 $1,259,110
Transfers to Other Funds $1,378,158 $1,378,158
Contingency $990,000 ($400,000) $590,000
Total Budget $8,997,197 $0 $8,997,197
Ending Fund Balance 28,251 28,251
Total Requirements $9,025,448 $0 $9,025,448
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Attachment A
FY 2006-07
Budget Amendment # 3
FY 2006-07 Budget Adopted
Adopted Amendment Revised
Budget # 3 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 890,119 890,119
Program Expenditures Total $890,119 $0 $890,119
Debt Service $0 $0
Capital Projects $2,520,000 $130,000 $2,650,000
Transfers to Other Funds $429,647 $429,647
Contingency $478,401 ($130,000) $348,401
Total Budget $4,318,167 $0 $4,318,167
Ending Fund Balance 4,755,502 4,755,502
Total Requirements $9,073,669 $0 $9,073,669
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Attachment A
FY 2006-07
Budget Amendment # 3
FY 2006-07 Budget Adopted
Adopted Amendment Revised
Budget #3 Budget
Stormwater Fund
Resources
Beginning Fund Balance $773,417 $773,417
Utiltity Fees and Charges 1,140,000 :1,140,000
Interest Earnings 11,000 11,000
Other Revenues (4,000) (4,000)
Transfers In from Other Funds 0 0
Total $1,920,417 $0 $1,920,417
Requirements
Public Works Program 941,627 941,627
Program Expenditures Total $941,627 $0 $941,627
Debt Service $0 $0
Capital Projects $466,000 $100,000 $566,000
Transfers to Other Funds $289,389 $289,389
Contingency $200,000 ($100,000) $100,000
Total Budget $1,897,016 $0 $1,897,016
Ending Fund Balance 23,401 23,401
Total Requirements $1,920,417 $0 $1,920,417
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