CCDA Resolution No. 14-08 CITY OF TIGARD, OREGON
CITY CENTER DEVELOPMENT AGENCY
RESOLUTION NO. 14- 00
A RESOLUTION TO ADOPT A SUPPLEMENTAL BUDGET AMENDMENT
TO THE FY 2015 BUDGET THAT WILL BE USED FOR THE FACADE
IMPROVEMENT PROGRAM.
WHEREAS, the city acknowledges those items that were unknown at the time the FY 2015 Budget
was adopted;and
WHEREAS,the city allows for the carryover of funds that were unspent in the previous year; and
WHEREAS, the city recognizes $32,000 of unanticipated requirements in the City Center
Development Agency are offset by$32,000 of beginning fund balance in the capital expenditures
program.
NOW,THEREFORE, BE IT RESOLVED,by the Tigard City Center Development Agency that:
SECTION 1: The FY 2014-15 Budget is hereby amended as is stated in Exhibit A.
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This day of 6,e-y' , 2014.
Ch City of Ti rd
City' nter Development Agency
ATTEST:
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Recorder-City of Tigard City Cente evelopment Agency
CCDA Resolution No.(' O$
Page 1
FY 2015 First Quarter Budget Amendment Exhibit A
1. Carryforward-City Center Development Agency
A carryforward is required for the completion of two projects in the Facade Improvement Program.
This action will increase the beginning fund balance in the Urban Renewal Capital Improvement Fund
by$32,000 with an equal increase in capital program expenditures.
Revised Revised
Budget Amendment Budget
Urban Renewal Capital Improvement Fund
Resources Beginning Fund Balance $ - $ 32,000 $ 32,000
Property Taxes S S -
Franchise Fees S S
Licenses&Permits S S -
Intergovernmental S 254,000 S 254,000
Charges for Services S - S -
Fines&Forfeitures S S
Interest Earnings S S
Miscellaneous 5 - S -
Other Financing Sources S 1,330,000 S 1,330,000
Transfers In from Other Funds S 675,000 S 675,000
Total Resources $ 2,259,000 $ 32,000 $ 2,291,000
Requirements
Policy and Administration S - S -
Community Development $ S -
Community Services $ S
Public Works S S
Program Expenditures Total $ - $ - $ -
Debt Service $ - S
Loans S - S -
Work-In-Progress S 2,259,000 $ 32,000 S 2,291,000
Transfers to Other Funds S - S -
Contingency S - S -
Total Budget $ 2,259,000 $ 32,000 $ 2,291,000
Reserve For Future Expenditure $ - $ - $ -
Total Requirements $ 2,259,000 $ 32,000 $ 2,291,000