Resolution No. 11-19 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. J Cr
A RESOLUTION TO ADOPT A SUPPLEMENTAL BUDGET TO ACHIEVE THE FOLLOWING: 1)
TO RECOGNIZE THE $17 MILLION PARKS BOND PROCEEDS; 2) CORRECT THE BUDGETS
FOR THE GENERAL OBLIGATION DEBT SERVICE, GAS TAX, STREET MAINTENANCE FEE,
AND WATER CAPITAL IMPROVEMENT FUNDS; 3) RECOGNITION OF GRANT AND
INTERGOVERNMENTAL REVENUES FOR PUBLIC WORKS, POLICE, AND THE CAPITAL
IMPROVEMENT PROGRAM; 4) BUDGET OF UNANTICIPATED EXPENDITURES IN POLICY
AND ADMINISTRATION.
WHEREAS, the city is acknowledging those items that were unknown at the time the FY 2011 Budget was
adopted;and
WHEREAS, voters approved the Tigard Parks Bond on November 2, 2010 to be used for land acquisitions
and development;and
WHEREAS,the city will recognize the use of the$17,000,000 parks bond proceeds;and
WHEREAS, there is not sufficient beginning fund balance in the Street Maintenance Fee Fund to pay for
expenses incurred by the PMP within the first quarter, resulting in a $200,000 loan from the Gas Tax Fund to
Street Maintenance Fee Fund to resolve the cash flow issue;and
WHEREAS, the FY 2011 Adopted CIP includes $9,562,003 in capital improvements for the Water Capital
Improvement Program (CIP)including the corresponding transfers;and
WHEREAS, a scrivener's error resulted in only $7,143,043 of capital improvements were budgeted within
Water CIP;and
WHEREAS, the city will appropriate the remaining $2,418,960 to be used for the Water Mainline Oversizing
project ($100,000), the Water System Development Charge Update ($25,000), and the Water Fund's portion of
the L.O./Tigard Water Partnership in the amount of$2,293,960;and
WHEREAS, the Library General Obligation Bond was refinanced in January 2011 resulting in a $180,000
refund and an additional beginning fund balance of$70,175;and
WHEREAS, the city recognizes $555,955 of expenses to be reimbursed by grants and intergovernmental
revenues in Public Works ($6,339);Police ($89,847);The Knoll at Tigard ($459,769);
WHEREAS, additional appropriations are needed that are not included in the FY 2011 Adopted Budget as
detailed in Exhibit A.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The FY 2010-11 Budget is hereby amended as detailed in Supplemental Budget #11-04
including Exhibit A.
RESOLUTION NO. 11- I q
Page 1
SECTION 2: This resolution is effective immediately upon passage.
�t
PASSED: This Iq day o 2011.
f'
t
Mayor-City of Tigard
ATTEST:
-A" t
City Recorder-City of Tigard
RESOLUTION NO. 11- / G
Page 2
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
1.Recognition and Use of Parks Bond Proceeds
On November 2,2010,Tigard voters approved the issuance of$17 million in General Obligation
Bonds-. Those bonds were issued in January 2011. Oregon State Budget Law does-not require the issuing
agency to budget use of bond proceeds in the year they are issued;however,this action will add to the transparency
of the use of the Bond funds. This action will allow the full amount of the bond funds to be utilized this fiscal year,
if they are needed resulting in a budgeted ending fund balance of$0 in the Parks Bond Fund in FY 2011. It is
anticipated that approximately$9 million will be spent in this fiscal year. If only$9 million is spent,then the actual
ending fund balance in the Parks Bond Fund would be$8 million at the end of FY 2011,which would be
consistent with the beginning fund balance in the Parks Bond Fund in the Approved FY 2012 Budget.
Revised
Adopted Revised
Budget Amendment Budget
Parks Bond Fund
Resources
Beginning Fund Balance $ $ -
Intergovernmental $ $ 17,000,000 $ 17,000,000
Total Resources $ $ 17,000,000 $ 17,000,000
Requirements
Debt Service $ - $ -
Transfers to Other Funds $ $ 17,000,000 $ 17,000,000
Total Budget $ $ 17,000,000 $ 17,000,000
Reserve For Future Expenditure $ $ - $ -
Total Requirements $ $ 17,000,000 $ 17,000,000
Revised
Adopted Revised
Budget Amendment Budget
Parks Capital Fund
Resources
Beginning Fund Balance $ 115,020 $ 115,020
Intergovernmental $ 3,350,000 $ 3,350,000
Transfers In from Other Funds- $ 2,692,100 $ 17,000,000 $ 19,692,100
Total Resources $ 6,157,120 $ 17,000,000 $ 23,157,120
Requirements
Program Expenditures Total $ - $ - $ -
Work-In-Progress $ 6,074,100 $ 17,000,000 $ 23,074,100
Transfers to Other Funds $ 71,898 $ 71,898
Total Budget $ 6,145,998 $ 17,000,000 $ 23,145,998
Reserve For Future Expenditure $ 11,122 $ - $ 11,122
Total Requirements $ 6,157,120 $ 17,000,000 $ 23,157,120
Page 1 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
2.Street Maintenance&Gas Tax Funds
The Street Maintenance Fee funds the Pavement Management Program(PMP).Although the
The Street Maintenance Fee Fund collects enough revenue in total by the end of the year,
the construction for the PMP is completed by October.Therefore,there is a lag in tirrng
between when revenues are received and when they are expensed by the PMP.As a result,
Gas Tax Funds have been used to provide a loan to the Street Maintenance Fee Fund.
Revised
Adopted Revised
Budget Amendment Budget
Street Maintenance Fund
Resources
Beginning Fund Balance $ 201,256 $ 201,256
Charges for Services $ (5,000) $ (5,000)
Interest Earnings $ 2,013 $ 2,013
Miscellaneous $ 1,271,046 $ 1,271,046
Other Financing Sources $ - $ -
Transfers In from Other Funds $ - $ 200,000 $ 200,000
Total Resources $ 1,469,315 $ 200,000 $ 1,669,315
Requirements
Program Expenditures Total $ - $ - $ -
Work-In-Progress $ 840,400 $ 840,400
Transfers to Other Funds $ 254,454 $ 200,000 $ 454,454
Contingency $ - $ -
Total Budget $ 1,094,854 $ 200,000 $ 1,294,854
Reserve For Future Expenditure $ 374,461 $ - $ 374,461
Total Requirements $ 1,469,315 $ 200,000 $ 1,669,315
Page 2 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
2.Street Maintenance&Gas Tax Funds
Revised
Adopted Revised
Budget Amendment Budget
Gas Tax Fund
Resources
Beginning Fund Balance $ 3,963,528 $ 3,963,528
Licenses-&Permits $ 2,602 $ 2,602
Intergovernmental $ 2,586,716 $ 2,586,716
Charges for Services $ - $ -
Fines&Forefeitures $ - $ -
Interest Earnings $ 54,906 $ 54,906
Miscellaneous $ $ -
Other Financing Sources $ $ -
Transfers In from Other Funds $ 877,310 $ 200,000 $ 1,077,310
Total Resources $ 7,485,062 $ 200,000 $ 7,685,062
Requirements
Public Works $ 1,986,472 $ 1,986,472
Program Expenditures Total $ 1,986,472 $ - $ 1,986,472
Debt Service $ 564,000 $ 564,000
Loans $ 200,000 $ 200,000
Work-In-Progress $ 4,187,915 $ 4,187,915
Transfers to Other Funds $ 475,622 $ 200,000 $ 675,622
Contingency $ 58,000 $ 58,000
Total Budget $ 7,472,009 $ 200,000 $ 7,672,009
Reserve For Future Expenditure $ 13,053 $ - $ 13,053
Total Requirements $ 7,485,062 $ 200,000 $ 7,685,062
Page 3 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
3.Water Capital Improvement Program
The Capital Improvement Program has$9,562,003 of improvements budgeted in FY 2011.
The necessary transfers to support the Water CIP Fund have been budgeted.However,only
$7,143,043 of capital improvements were budgeted due to a scrivener's error.The difference of
$2,418,960 is made up of the following projects:Water Mainline Oversizing($100,000),
Water System Develop Charge Update($25,000);and the Water Fund's portion of the
L.O./Tigard Water Partnership($2,293,960).
Revised
Adopted Revised
Budget Amendment Budget
Water CIP Fund
Resources
Beginning Fund Balance $ 2,290,176 $ 2,290,176
Licenses&Pemuts $ 70,000 $ 70,000
Intergovernmental $ 3,543,043 $ 3,543,043
Interest Earnings $ 12,902 $ 12,902
Other Financing Sources $ 2,500,000 $ 2,500,000
Transfers In from Other Funds $ 3,261,652 $ 3,261,652
Total Resources $ 11,677,773 $ $ 11,677,773
Requirements
Program Expenditures Total $ - $ $ -
Debt Service $ 225,000 $ 225,000
Work-In-Progress $ 7,143,043 $ 2,418,960 $ 9,562,003
Transfers to Other Funds $ 1,141,024 $ 1,141,024
Total Budget $ 8,309,067 $ 2,418,960 $ 10,928,027
Reserve For Future Expenditure $ 3,168,706 $ (2,418,960) $ 749,746
Total Requirements $ 11,677,773 $ - $ 11,677,773
Page 4 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
4.General Obligation Debt Service Fund
The Library General Obligation Bond was refunded in January 2011. Asa result,there were
some additional unanticipated expenses to be paid which would result in expenditures
being over budget if not corrected. In addition,the refunding also produced unanticipated
revenues in the form of a$180,000 premium. Finally the FY 2010-11 Beginning Fund Balance
was larger than anticipated when the Bugdet was adopted,in the amount of$70,175. The
unanticipated revenues-and larger Beginning Fund Balance coves the unanticipated expenses-.
Revised
Adopted Revised
Budget Amendment Budget
GO Debt Service Fund
Resources
Beginning Fund Balance $ 78,761 $ 70,175 $ 148,936
Property Taxes $ 988,883 $ 988,883
Interest Earnings $ 4,544 $ 4,544
Miscellaneous $ - $ 180,000 $ 180,000
Total Resources $ 1,072,188 $ 250,175 $ 1,322,363
Requirements
Program Expenditures Total $ - $ - $ -
Debt Service $ 976,383 $ 250,175 $ 1,226,558
Total Budget $ 976,383 $ 250,175 $ 1,226,558
Reserve For Future Expenditure $ 95,805 $ - $ 95,805
Total Requirements $ 1,072,188 $ 250,175 $ 1,322,363
Page 5 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
5.Professional/Contractual Services
Additional labor attorney costs are anticipated to occur prior to the end of the fiscal year due to
the Tigard Police Officers Association arbritration meetings. In addition,costs have been
anticipated for the executive search firm's expenses for recruitment of a new City Manager.
Revised
Adopted Revised
Budget Amendment Budget
Central Services Fund
Resources
Beginning Fund Balance $ 58,376 $ 58,376
Licenses&Permits $ 20,000 $ 20,000
Interest Earnings $ 584 $ 584
Transfers In from Other Funds $ 6,517,963 $ 6,517,963
Total Resources $ 6,596,923 $ $ 6,596,923
Requirements
Policy and Administration $ 6,031,190 $ 41,000 $ 6,072,190
Program Expenditures Total $ 6,031,190 $ 41,000 $ 6,072,190
Contingency $ 559,336 $ (41,000) $ 518,336
Total Budget $ 6,590,526 $ $ 6,590,526
Reserve For Future Expenditure $ 6,397 $ $ 6,397
Total Requirements $ 6,596,923 $ $ 6,596,923
Page 6 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
6.Transfer from Water Fund
Due to the switch to monthly billing in January 2011,the costs for printing and mailing utility bills
has increased$68,000 and contracted meter reading has increased$40,000 in Utility Billing.
The increased costs arc supported through an increased transfer from the Water Fund.
Revised
Adopted Revised
Budget Amendment Budget
Water Fund
Resources
Beginning Fund Balance $ 2,410,162 $ 2,410,162
Licenses&Permits $ 55,000 $ 55,000
Charges for Services $ 8,067,083 $ 8,067,083
Interest Earnings $ 24,086 $ 24,086
Total Resources $ 10,556,331 $ $ 10,556,331
Requirements
Public Works $ 6,334,338 $ 6,334,338
Program Expenditures Total $ 6,334,338 $ $ 6,334,338
Transfers to Other Funds $ 3,910,366 $ 108,000 $ 4,018,366
Contingencv $ 70,487 $ (70,487) $ -
Total Budget $ 10,315,191 $ 37,513 $ 10,352,704
Reserve For Future Expenditure $ 241,140 $ (37,513) $ 203,627
Total Requirements $ 10,556,331 $ $ 10,556,331
Revised
Adopted Revised
Budget Amendment Budget
Central Services Fund
Resources
Beginning Fund Balance $ 58,376 $ 58,376
Licenses&Permits $ 20,000 $ 20,000
Interest Earnings $ 584 $ 584
Transfers In from Other Funds $ 6,517,963 $ 108,000 $ 6,625,963
Total Resources $ 6,596,923 $ 108,000 $ 6,704,923
Requirements
Policy and Administration $ 6,031,190 $ 108,000 $ 6,139,190
Program Expenditures Total $ 6,031,190 $ 108,000 $ 6,139,190
Contingency $ 559,336 $ - $ 559,336
Total Budget $ 6,590,526 $ 108,000 $ 6,698,526
Reserve For Future Expenditure $ 6,397 $ - $ 6,397
Total Requirements $ 6,596,923 $ 108,000 $ 6,704,923
Page 7 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
7.Recognition of Grant and Intergovernmental Revenues in PW&Police
Receipt of grant revenues not included in the FY 2011 budget and awarded since last Supplemental at
end of September 2010 for Public Works and Police. The following is a list of the items:
PAWL Works
$ 2,700 Reimbursement Homeland Security for emergency tracking system.
$ 2,806 Reimbursement from Homeland Secuirity for purchase of satellite phones.
$ 833 Reimbursement from Homeland Security for costs associated with the
Community Emergency Reponse Team program including travel.
nAg
$ 12,425 2010 Homeland Security
$ 10,000 Grant from State Farm Insurance
$ 6,000 SAFE Schools Grant-Summer Camp
$ 5,000 SAFE Schools Grant-Twality
$ 6,800 Washington Square
$ 24,022 Tigard Tums the Tide
$ 12,800 Metro Gang Task Force
$ 12,800 Innocence Lost Task Force
Revised
Adopted Revised
Budget Amendment Budget
General Fund
Resources
Beginning Fund Balance $ 6,117,299 $ 6,117,299
Property Taxes $ 12,218,117 $ 12,218,117
Franchise Fees $ 4,706,831 $ 4,706,831
Licenses&Permits $ 861,296 $ 861,296
Intergovernmental $ 5,616,141 $ 96,186 $ 5,712,327
Charges for Services $ 254,793 $ 254,793
Fines&Forefeitures $ 936,000 $ 936,000
Interest Earnings $ 102,184 $ 102,184
Miscellaneous $ 22,209 $ 22,209
Other Financing Sources $ 249,000 $ 249,000
Transfers In from Other Funds $ 3,523,981 $ 3,523,981
Total Resources $ 34,607,851 $ 96,186 $ 34,704,037
Requirements
Policy and Administration $ 808,510 $ 808,510
Community Development $ 3,050,141 $ 3,050,141
Community Services $ 19,304,054 $ 89,847 $ 19,393,901
Public Works $ 4,569,689 $ 6,3.39 $ 4,576,028
Program Expenditures Total $ 27,732,394 $ 96,186 $ 27,828,580
Loans $ 249,000 $ 249,000
Work-In-Progress $ - $ -
Transfers to Other Funds $ 1,158,456 $ 1,158,456
Contingency $ 632,966 $ 632,966
Total Budget $ 29,772,816 $ 96,186 $ 29,869,002
Ending Fund Balance $ 4,835,035 $ - $ 4,835,035
Total Requirements $ 34,607,851 $ 96,186 $ 34,704,037
Page 8 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
8.The Knoll at Tigard
This project is funded by a Community Development Block Grant.This grant is a pass-through,of which
the city is the administrator for Community Partners for Affordable Housing(CPAq.This admendment
will recognize both revenues and expenses for this project. The grant runs through the Gas Tax Fund
because the proceeds were used for right-of-way,road,and sidewalk improvements.
Revised
Adopted Revised
Budget Amendment Budget
Gas Tax Fund
Resources
Beginning Fund Balance $ 3,963,528 $ 3,963,528
Licenses&Permits $ 2,602 $ 2,602
Intergovernmental $ 2,586,716 $ 459,769 $ 3,046,485
Interest Earnings $ 54,906 $ 54,906
Transfers In from Other Funds $ 877,310 $ 877,310
Total Resources $ 7,485,062 $ 459,769 $ 7,944,831
Requirements
Public Works $ 1,986,472 $ 1,986,472
Program Expenditures Total $ 1,986,472 $ - $ 1,986,472
Debt Service $ 564,000 $ 564,000
Loans $ 200,000 $ 200,000
Work-In-Progress $ 4,187,915 $ 459,769 $ 4,647,684
Transfers to Other Funds $ 475,622 $ 475,622
Contingency $ 58,000 $ 58,000
Total Budget $ 6,908,009 $ 459,769 $ 7,367,778
Ending Fund Balance $ 577,053 $ - $ 577,053
Total Requirements $ 7,485,062 $ 459,769 $ 7,944,831
Page 9 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
9. Water Building Lease Payment
Payment for the lease of the Water Building is in the FY 2011 budget.However,a change in the allocation
is needed that will save the General Fund a total of$39,487.Payment is based on FTE of which those
operating funds including General Fund,Sanitary Sewer,and Storm Funds will share the cost.
Adopted Revised
Budget Amendment Budget
General Fund
Resources
Beginning Fund Balance $ 6,117,299 $ 6,117,299
Property Taxes $ 12,218,117 $ 12,218,117
Franchise Fees $ 4,706,831 $ 4,706,831
Licenses&Permits $ 861,296 $ 861,296
Intergovernmental $ 5,616,141 $ 5,616,141
Charges for Services $ 254,793 $ 254,793
Fines&Forefeitures $ 936,000 $ 936,000
Interest Earnings $ 102,184 $ 102,184
Miscellaneous $ 22,209 $ 22,209
Other Financing Sources $ 249,000 $ 249,000
Transfers In from Other Funds $ 3,523,981 $ 3,523,981
Total Resources $ 34,607,851 $ $ 34,607,851
Requirements
Policy and Administration $ 808,510 $ 808,510
Community Development $ 3,050,141 $ 3,050,141
Community Services $ 19,304,054 $ 19,304,054
Public Works $ 4,569,689 $ 4,569,689
Program Expenditures Total $ 27,732,394 $ $ 27,732,394
Loans $ 249,000 $ 249,000
Work-In-Progress $ - $ -
Transfers to Other Funds $ 872,956 $ (39,487) $ 833,469
Contingency $ 918,466 $ 918,466
Total Budget $ 29,772,816 $ (39,487) $ 29,733,329
Reserve For Future Expenditure $ 4,835,035 $ 39,487 $ 4,874,522
Total Requirements $ 34,607,851 $ $ 34,607,851
Page 10 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
9. Water Building Lease Payment
Adopted Revised
Budget Amendment Budget
Gas Tax Fund
Resources
Beginning Fund Balance $ 3,963,528 $ 3,963,528
Property Taxes $ - $ -
Franchis'e Fees $ - $ -
Licenses&Permits $ 2,602 $ 2,602
Intergovernmental $ 2,586,716 $ 2,586,716
Charges for Services $ - $ -
Fines&Forefeitures $ - $ -
Interes't Earnings $ 54,906 $ 54,906
Miscellaneous $ - $ -
Other Financing Sources $ - $
Transfers In from Other Funds $ 877,310 $ $ 877,310
Total Resources $ 7,485,062 $ $ 7,485,062
Requirements
Policy and Administration $ - $ -
Community Development $ $
Community Services $ $
Public Works $ 1,986,472 $ 1,986,472
Program Expenditures Total $ 1,986,472 $ - $ 1,986,472
Debt Service $ 564,000 $ 564,000
Loans $ 200,000 $ 200,000
Work-In-Progress $ 4,187,915 $ 4,187,915
Transfers to Other Funds $ 475,622 $ (31;156) $ 444,466
Contingency $ 58,000 $ 58,000
Total Budget $ 7,472,009 $ (31,156) $ 7,440,853
Reserve For Future Expenditure $ 13,053 $ 31,156 $ 44,209
Total Requirements $ 7,485,062 $ - $ 7,485,062
Page 11 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
9. Water Building Lease Payment
Adopted Revised
Budget Amendment Budget
Sanitary Sewer Fund
Resources
Beginning Fund Balance $ 9,884,621 $ 9,884,621
Property Taxes $ - $ -
Franchise Fees- $ - $ -
Licenses&Permits $ 25,000 $ 25,000
Intergovernmental $ - $ -
Charges for Services $ 1,700,000 $ 1,700,000
Fines&Forefenures $ - $ -
Interest Earnings- $ 98,846 $ 98,846
Miscellaneous $ 125,000 $ 125,000
Other Financing Sources $ - $ -
Transfers In from Other Funds $ - $ -
Total Resources $ 11,833,467 $ $ 11,833,467
Requirements
Policy and Administration $ - $ -
Community Development $ $
Community Services $ - $ -
Public Works $ 1,068,269 $ 1,068,269
Program Expenditures Total $ 1,068,269 $ - $ 1,068,269
Loans $ $ -
Work-In-Progress $ - $ -
Transfers to Other Funds $ 196,289 $ 30,275 $ 226,564
Contingency $ 265,000 $ (30,275) $ 234,725
Total Budget $ 1,529,558 $ $ 1,529,558
Reserve For Future Expenditure $ 10,303,909 $ $ 10,303,909
Total Requirements $ 11,833,467 $ $ 14833,467
Page 12 of 13
City of Tigard Exhibit A
FY 2011 Supplemental Budget Amendment
Fiscal Year 2010-11 Budget
Amendment#11-04
9. Water Building Lease Payment
Adopted Revised
Budget Amendment Budget
Storm Fund
Resources
Beginning Fund Balance $ 781,889 $ 781,889
Property Taxes $ - $ -
Franchise Fees $ - $
Licenses&Permits $ $ -
Intergovernmental $ - $ -
Charges for Services $ 1,796,757 $ 1,796,757
Fines&Forefeitures $ - $ -
Interest Earnings $ 7,819 $ 7,819
Miscellaneous $ - $ -
Other Financing Sources $ - $
Transfers In from Other Funds $ - $ -
Total Resources $ 2,586,465 $ $ 2,586,465
Requirements
Policy and Administration $ - $ -
Community Development $ - $
Community Services $ - $ -
Public Works $ 1,315,372 $ 1,315,372
Program Expenditures Total $ 1,315,372 $ $ 1,315,372
Loans $ - $ -
Work-In-Progress $ 304,000 $ 304,000
Transfers to Other Funds $ 214,839 $ 40,368 $ 255,207
Contingency $ 270,000 $ (40,368) $ 229,632
Total Budget $ 2,104,211 $ $ 2,104,211
Reserve For Future Expenditure $ 482,254 $ $ 482,254
Total Requirements $ 2,586,465 $ $ 2,586,465
Page 13 of 13