RESOLUTION NO. 2004-____

A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET ESTABLISHING
APPROPRIATIONS WITHIN THE 2003-2004 BUDGET

Recitals:

ORS 294.480 permits the governing body of a municipal corporation to make a supplemental budget for the fiscal year for which the regular budget has been prepared under one or more of the following reasons:

0	a.	An occurrence or condition which had not been ascertained at the time of the preparation of a budget for the current year which requires a change in financial planning.
	b.	A pressing necessity which was not foreseen at the time of the preparation of the budget for the current year which requires prompt action.
	c.	Funds were made available by another unit of federal, state or local government and the availability of such funds could not have been ascertained at the time of the preparation of the budget for the current year.
	d.	Other reasons identified per the statutes.

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 adopt a supplemental budget, establishing appropriations as follows:

General Fund

Appropriation:	Administrative Services - Senior Program	$2,000
Resource:	Donations	$2,000
	To appropriate $2,000 donated by the Soroptimists to the Senior program to fund emergency reimbursement of senior health care needs.

Community Development Block Grant Fund

Appropriation:	Capital Outlay	$200,000
Resource:	Intergovernmental revenue	$200,000
	To appropriate up to $200,000 in additional and unanticipated HUD granted money to acquire two properties necessary for the Affordable Housing program.

Water Fund

Appropriation:	Public Works - Forest Lands Management	$263,000
	Resource: Miscellaneous Revenue	$263,000
	To appropriate in Forest Land Management the costs and revenues related to logging forest interface areas as part of fire protection.

Electric Fund

Appropriation:	Other Financing Uses (Interfund Loans)	$100,000
Resource:	Contingency	$100,000
	To appropriate additional monies to be loaned to Telecommunications Fund if needed at year end to meet cash flow requirements. Lending of cash will only occur if necessary.

Telecommunications Fund

Appropriation:	Electric Operations	$100,000
Resource:	Interfund Loans	$100,000
	To recognize additional interfund loan authority if needed at year end depending upon cash flow requirements. Borrowing of cash will only occur if necessary.

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