Notice of Supplemental Budget

A proposed supplemental budget for the City of Ashland, Jackson County, State of Oregon, for the fiscal year July 1, 2003 to June 30, 2004 will be considered at the Civic Center, 1175 East Main Street, Ashland, Oregon as part of the City's regular business on June 29, 2004, at 7:00 p.m. A copy of the supplemental budget document may be inspected or obtained on or after June 23, 2004 at the Finance Department, 20 East Main, Ashland, Oregon 97520 between 8:00 a.m. and 5:00 p.m.

A summary of the supplemental budget is presented below.

		Resources	Requirements
STREET FUND
Intergovernmental Revenue		$350,000
Interfund Loans		$225,000
Public Works - Street Operations			$350,000
Public Works - Transportation SDC's	000		$225,000
TOTAL		$575,000	$575,000

To appropriate $350,000 for capital expenditures related to jurisdictional exchange revenue funding for the Siskiyou Boulevard and peripheral work. To appropriate $225,000 loaned from the Wastewater Fund for additional work related to a change in scheduled expenditures on the Tolman Creek and Strawberry Lane projects. Borrowing of cash will only occur if necessary and will be paid back in FY 2004-05.

WASTEWATER FUND	0000		00
Public Works - Treatment SDC's		$225,000
Interfund Loans				$225,000
TOTAL		$225,000		$225,000

To recognize changes in capital projects and their scheduling, providing for Interfund Loan authority to the Street Fund if needed at year end. Lending of cash will only occur if necessary and will be paid back in FY 2004-05.

TOTAL ALL FUNDS

00000000000

$800,000

00

$800,000