A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET ESTABLISHING APPROPRIATIONS WITHIN THE 2001-2002 BUDGET
ORS 294.480 permits the goveming 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:
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:
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:
Appropriation: Fire & Rescue Department
Resource: Intergovernmental Revenue
This supplemental budget recognizes unanticipated grant revenue and matching expenses for National Fire Plan Community Assistance and Wildland Urban Interface Project grant revenue recognizing only the amount to be earned and spent in 2001-2002.
Appropriation: Electric - Operations
Resource: Other Financing Sources - Loan Proceeds
This supplemental budget amends appropriation and resources recognizing bank loan proceeds reimbursing the fund for infrastructure construction costs exceeding original estimates.
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 18th day of June, 2002:
Barbara Christensen, City Recorder
SIGNED and APPROVED this 19th day of June, 2002:
Alan W. DeBoer, Mayor
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