Resolution No. 14-28 CITY OF TIGARD, OREGON
TIGARD CITY COUNCIL
RESOLUTION NO. 14-
A RESOLUTION FOR ADDITIONAL APPROPRIATION IN STORMWATER AND CENTRAL
SERVICE FUNDS.
WHEREAS,the Stormwater Fund has a$70,000 shortfall in operations;and
WHEREAS, the City Recorder/Records division in the Central Service Fund requires an additional
appropriation of$61,000 for unanticipated expenses associated with city elections and voter initiatives.
WHEREAS,revenues within the Stormwater Fund will increase by$276,000;and
WHEREAS,a total of$131,000 of additional requirements is offset with revenues and contingency within the
Stormwater and Central Service Funds.
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.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This lath day of 3C 2014.
May City of Tigard
ATTEST:
City Recorder-City of Tigarcy
RESOLUTION NO. 14-
Page
4Page 1
FY 2014 Fourth Quarter Budget Amendment Exhibit A
1. Stormwater Fund-Operations
A total of 570,000 in additional appropriations is being requested to correct the shortfall
in operations for the Stormwater Fund.Revenue collections through 11 months are
approximately$276,000 above budget giving the fund the capacity for additional appropriations.
As a result,the above action will increase revenues by$276,000.
In turn,Public Works program expenditures will increase by$70,000.
Lastly,the Reserve in the Stormwater Fund will increase by$206,000.
Q4
Revised Revised
Budget Amendment Budget
Stormwater Fund
Resources Beginning Fund Balance $ 2,516,647 $ 2,516,647
Property Taxes S - S -
Franchise Fees S - S
Licenses&Permits S - $
Intergovernmental $ - S -
Charges for Services S 2,053,830 S 276,000 $ 2,329,830
Fines&Forfeitures S - $ -
Interest Earnings S 7,936 S 7,936
Miscellaneous S - S
Other Financing Sources S S
Transfers In from Other hind, S S
Total.Resaauces $ 4,578 ONE$ 4,854,413
Requirements
Policy and Administration S S -
Community Development S S
Community Services S S -
Public Works S 1,484,45, S 70,000 S 1,554,457
Program Expenditures Total $ 1,484,457 $ 70,000 $ 1,554,457
Debt Service S - S -
Loans S - S -
Work-In-Progress S 1,165,375 S 1,165,375
Transfers to Other Funds S 598,916 S 598,916
Contingency S 57,930 S - S 57,930
Total Budget $ 3,306,678 $ 70,000 $ 3,376,678
Reserve For Future Expenditure $ 1,271,735 $ 206,000 $ 1,477,735
Total Requirements $ 4,578,413 S 276,000 S 4,854,413
FY 2014 Fourth Quarter Budget Amendment Exhibit A
2.City Recorder/Records-Operations
A total of$61,000 is being requested to account for legal fees and election costs.
Approximately$17,000 is needed for legal fees related to unexpected elections and initiatives including
the update of the Urban Renewal Charter.In addition,$44,000 is required to cover costs associated
with the Urban Renewal Charter Amendment council referral in November 2013 and the High Capacity
Transit initiative in March 2014.This action will decrease contingency in Central Service Fund by$61,000
with an equal increase in program expenditures for Policy andAdministration.
Q4
Revised Revised
Budget Amendment Budget
Central Service Fund
Resources Beginning Fund Balance $ 199,348 $ 199,348
Property Taxes S - $
Franchise Fees S - S
Licenses&Permits S 31,620 S 31,620
Intergovernmental $ - $ _
Charges for Services S 5,829,965 S 5,829,965
Fines&Forfeitures S - S -
Interest Earnings S 593 S 593
Miscellaneous S - S _
Other Financing Sources $ - S -
Transfers In from Other Funds S 861,205 $ 861,205
Total Resources $
Requirements
Policy and Administration S 6,573,845 S 61,000 S 6,634,845
Community Development S $ _
Community Services S S
Public Works S S
Program Expenditures Total $ 6,573,845 $ 61,000 $ 6,633,845
Debt Service S - S -
Loans S S
Work-In-Progress S S
Transfers to Other Funds S - S
ContingencyS 340,000 S (61,000) S 279,000
Total Budget $ 6,913,845 $ $ 6,913,845
Reserve For Future Expenditure $ 8,886 $ $ 8,886
Twirl Requirements $ 6,977,731 S - $ 6,922,731