(A resolution approving a supplemental budget for the Building Fund)
WHEREAS, ORS 294.480 allows the City to adopt a supplemental budget by resolution of the City Council; and
WHEREAS, it is necessary to adopt a supplemental budget to create a new appropriation category; and
WHEREAS, the Building Fund requires the creation of a capital outlay appropriation for the purchase of a storage unit for building records; and
WHEREAS, a transfer and reappropriation of $11,500 from contingency to capital outlay: buildings in the Building Fund is necessary; and
WHEREAS, the estimated expenditures contained in the supplemental budget differ by less than 10% of the expenditures of the Building Fund; and
WHEREAS, the City provided notice as required by ORS 294.480(3).
NOW, THEREFORE, BE IT RESOLVED by the Hood River City Council that:
A supplemental budget for the transfer and reappropriation of $11,500 from Contingency to Capital Outlay: Buildings in the Building Fund is adopted.
Approved by the Hood River City Council the 28 day of November, 2011, to take effect immediately.
Arthur Babitz, Mayor
Jennifer Gray, City Recorder