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Resolution No. 13-45 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL _ RESOLUTION NO. 1�j _kJ3 A RESOLUTION TO ADOPT A SUPPLEMENTAL BUDGET AMENDMENT TO FY 2014 FOR THE BARROWS ROAD/SCHOLLS FERRY ROAD WATER EXTENSION PROJECT FOR RIVER TERRACE. WHEREAS,the city has entered into an intergovernmental agreement with Washington County and the City of Beaverton to extend water lines to River Terrace;and WHEREAS,the city recognizes $627,000 of unanticipated requirements for the Barrows/Scholls Ferry Road Line Extension project for the Water Line from Barrow Road to the intersection of Scholls Ferry Road and Roy Rogers Road,along with moving the funding source for the initial$400,000 of funding source from`Yater CIP to Water SDC Fund;and WHEREAS, the city acknowledges that $1,2931-;000 will be funded from the Water SDC Fund for the requirements. Dal.)0 o d NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that: SECTION 1: The FY 2013-14 Budget is hereby amended as detailed in Exhibit-A including Attachments 1 and 2. SECTION 2: This resolution is effective immediately upon passage. nd PASSED: This —day of Octo 2012. Mayo lity of Tigard A T: � City Recorder-City of Tigard RESOLUTION NO. 13- Page 1 EXHIBIT-A 96035-Barrows/Scholls Ferry 18"Water Line Extensions(River Road) As part of a Washington t..Uunty Department of Land Use and Transportation Scholls I�erry Road improvement project,die City of Tipard,City of Beaverton and Washington CounaY,via an intergovernme ital agreement,will be extending services to the newh�planned River Terrace arca.The IGA authorizes extending water service I)\ installing an 18-inch water line from existing Water lines in Barrows Road to the intersection of Scholls I'erry Road and Roy Rogers Road. Original Budget This New Budget Projected 2014 Change* 2014 2015 Total External Expenses Desigii and 13niancering 25,000 35,000 60,000 0 60,000 Construction 350,000- 455,000 805,000 300,000 1,105,000 Total 375,000 490,000 865,000 300,000 1,165,000 Internal Expenses Project Management 12,500 25,000 37,500 16,500 54,000 Construction illanagement 12,500 112,000 124,500 55,000 179,500 Total 25,000 137,000 162,000 71,500 233,500 Total Project Expense 400,000 627,000 1,027,000 371,500 1,398,500 Revenue Funding Source Water CII" 400,000 (400,000) 0 0 0 Water SDC 0 1,027,000 1,027,000 371,500 1,398,500 Total Project Revenues 400,000 627,000 1,027,000 371,500 1,398,500 Other Revenue Source 0 0 0 0 0 Total Other Revenues 0 0 0 0 0 *Change of fimdiq source fivm Il ater CIP to 11 ager SDC bared m added capaeit,. City of Tigard Attachment-1 FY 2014 Supplemental Budget Amendment 1.Barrmn/Scholls Ferry Road Line Extensions(River Road) The city will be extending water service to River Terrace as part of the Washington County Department of Land Use and Transportation Scholls Ferry Road improvement project.To complete the design and construction for the water phase of this project,a total of$627,000 in additional appropriations is being requested,and the source for the$400,000 of currently funded appropriation would be changed from the Water CIP Fund to the Water SDC Fund.This action will show an increase in the Water SDC beginning fund balance by$1,027,000 with an equal increase in transfers.In addition,capital program expenditures will increase by$627,000 in the Water CIP Fund. Adopted Revised Budget Amendment Budget Water SDC Fund Resources Beginning Fund Balance $ 1,625,904 $ 1,027,000 $ 2,652,904 Licenses&Permits $ 361,575 $ 361,575 Interest Fernings 5 233 S 233 Total Resources i' $ 1,027,000 $ 3,014 Requirements Program Expenditures Total $ - $ $ Work-In-Progress S $ $ - Transfers to Other Funds S 165 $ 1,027,000 $ 1,027,165 Contingent} S 100,000 5 - $ 100.000 Total Budget $ 100,165 $ 1,027,000 $ 1,127,165 Reserve For Future Expenditure $ 1,887,537 $ - $ 1,887,547 Total Requirements $ 1,987,712 $ 1,027,000 $ 3,014,712 9,1Iv t,l Rc�i.ed I3u1_ct Amendment Budget Water CIP Fund Resources Beginning Fund Balance $ 84,231,728 $ 84,231,728 Licenses&Permits $ 361,575 $ $ 361,575 Interest Earnings 13,096 S $ 13,096 Transfers In from Other Fund. 702,443 1,027,000 $ 1,729,443 Total Resources S 85,308,842 5 1,027,000 $ 86,335,S42 Requirements Program Expenditures Total $ - $ - $ - Work-In-Progress 75,862,443 $ 627,000 $ 76,489,443 Transfers to Other Funds S 546,672 $ - $ 546,672 Total Budget $ 76,409,115 $ 627,000 $ 77,036,115 Reserve For Future Expenditure $ 8,899,727 $ 400,000 $ 9,299,727 Total Requirements $ 85,308,842 $ 1,027,000 $ 86,335,842 1 FY 2014 Supplemental Anachment-2 Summary of Budget Changes Adopted Revised Budget Amendment Budget Affected City Funds Resources Beginning Fund Balance $ 85,857,632 $ 1,027,000 $ 86,884,632 Licenses&Permits S 723,150 S - S 723,150 Interest Earnings S 13,329 S - S 13,329 Transfers 1n from Other Funds S 702,443 S 1,027,000 S 1,729,443 Total Resources $ 87,296,554 $ 2,054,000 $ 89,350,554 Requirements Program Expenditures Total $ - $ - $ Work-In-Progress S 75,862,443 $ 627,000 S 76,489,443 Transfers to Other Funds S 546,837 $ 1,027,000 S 1,573,837 Contingency S 100,000 $ - S 100,000 Total Budget $ 76,509,280 $ 1,654,000 $ 78,163,280 Reserve For Future Expenditure $ 10,787,274 $ 400,000 $ 11,187,274 Total Requirements $ 87,296,554 $ 2,054,000 $ 89,350,554 1 of 3 FY 2014 Supplemental Attachment-2 Summary of Budget Changes Adopted Revised Budget Amendment Budget Water SDC Fund Resources Beginning Fund Balance $ 1,625,904 $ 1,027,000 $ 2,652,904 Licenses&Permits S 361,575 $ - S 361,575 Interest Earnings S 233 $ - S 233 o esourCes $ 1,987, ,000 $ 3, Requirements Program Expenditures Total $ - $ - $ - Transfers to Other Funds S 165 $ 1,027,000 S 1,027,165 Contingency S 100,000 $ - S 100,000 Total Budget $ 100,165 $ 1,027,000 $ 1,127,165 Reserve For Future Expenditure $ 1,887,547 $ - $ 1,887,547 Total Requirements $ 1,987,712 $ 1,027,000 $ 3,014,712 2of3 FY 2014 Supplemental Attachment-2 Summary of Budget Changes Adopted Revised Budget Amendment Budget Water CIP Fund Resources Beginning Fund Balance $ 84,231,728 $ 84,231,728 Licenses&Permits $ 361,575 $ - $ 361,575 Interest Earnings $ 13,096 $ $ 13,096 Transfers in from()thcr Funds S 702,44, I 1.-29,443 Total Resources $ 85,30U,'842 $ 1,027,000 $ 86,335, Requirements Program Expenditures Total $ - $ - $ Work-In-Progress $ 75,862,443 $ 627,000 $ 76,489,443 Transfers to Other Funds S 546,672 S - S 546,672 Total Budget $ 76,409,115 $ 627,000 $ 77,036,115 Reserve For Future Expenditure $ 8,899,727 $ 400,000 $ 9,299,727 Total Requirements $ 85,308,842 $ 1,027,000 $ 86,335,842 3of3