RESOLUTION NO. 2004-____

A RESOLUTION TRANSFERRING APPROPRIATIONS WITHIN THE 2003-2004 BUDGET

THE CITY OF ASHLAND RESOLVES AS FOLLOWS:

SECTION 1. Because of the circumstances stated below, the Mayor and City Council of the City of Ashland determine that it is necessary to transfer appropriations as follows:

Street Fund

To:	Public Works - Street Operations Public Works - Local Improvement Districts Public Works - Transportation SDCs	$125,000 $17,000 $300,000
From:	Public Works - Storm Water SDCs Contingency	$300,000 $142,000
	This transfer modifies appropriations for capital projects (Siskiyou, Tolman and Strawberry) to match actual costs projected for year end and adjusts ($300,000) between Transportation and Storm Water SDC programs to better match the original project cost allocation proposed by Public Works.

Electric Fund

To:	Electric - Supply Division Electric - Distribution Division	$25,000 $150,000
From:	Contingency	$175,000
	This transfer provides increased appropriations for Supply and Distribution divisional costs including wholesale (demand) power and additional personnel costs for newly improved areas and system maintenance.

Central Service Fund

To:	City Recorder Division	$10,000
From:	Contingency	$10,000
	This transfer provides added appropriations for increased banking fees charged to the City Recorder division related to automated payment programs and added benefit costs.

Insurance Services Fund

To:	Finance Department - Materials & Services	$100,000
From:	Contingency	$100,000
	This transfer provides increased appropriations for higher workers compensation claims and general liability coverage premiums than originally projected.

Equipment Fund

To:	Public Works - Personal Services	$15,000
From:	Contingency	$15,000
	This transfer provides increased appropriations for overtime and benefit costs to maintain the City's fleet.

SECTION 2. This resolution takes effect upon signing by the Mayor.

This resolution was read by title only in accordance with Ashland Municipal Code Section 2.04.090 duly

PASSED and ADOPTED this ______day of ______, 2004:
Barbara Christensen, City Recorder

SIGNED and APPROVED this ______day of ______, 2004:
Alan W. DeBoer, Mayor

Reviewed as to form:
Paul Nolte, City Attorney