RESOLUTION NO. 2015-25

A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET FOR
FISCAL YEAR 2015-16 FOR THE CITY OF HOOD RIVER


WHEREAS, ORS 294.471(1)(a) allows the governing body of a municipal corporation to make one or more supplemental budgets if an occurrence or condition that is not ascertained when preparing the original budget or a previous supplemental budget for the current year or current budget period requires a change in financial planning; and
WHEREAS, ORS 294.471(3)(a) allows that, if the amended estimated expenditures contained in an individual fund that is being changed by a supplemental budget differ by 10 percent or less from the expenditures in the budget as most recently amended prior to the supplemental budget, the governing body of the municipal corporation may adopt the supplemental budget at a regular meeting of the governing body; and
WHEREAS, the City of Hood River wishes to carry forward and appropriate unspent capital outlay on public works projects from FY 2014-15 to FY 2015-16; and
WHEREAS, these unanticipated expenditures are offset by additional resources in beginning fund balance.
NOW, THEREFORE, BE IT RESOLVED, by and through the City of Hood River meeting in regular session, City of Hood River City Council hereby adopts the following supplemental budget, makes appropriations, and adjusts the fiscal year 2015-16 adopted budget as follows:
FY 2015-16 Budget Category Adopted
Budget^ Increase /
(Decrease) Adjusted
Budget
ROAD FUND   
Resources: Beginning Fund Balance  $  1,549,853 $     110,000 $  1,659,853
Expenditures: Road Operations* 2,027,264 110,000 2,137,264
  Budget Adjustment, Net  $           - 0 - 
   
WATER FUND   
Resources: Beginning Fund Balance  $  1,487,647 $     170,000 $  1,657,647
Expenditures: Water SDC* 762,000 170,000 932,000
  Budget Adjustment, Net  $           - 0 - 
   
SEWER FUND   
Resources: Beginning Fund Balance  $  3,569,986 $  227,000 $  3,796,986
Expenditures: Sewer Operations/WWTP* 5,904,585 197,000   6,101,585
Expenditures: Sewer SDC*    492,000 30,000 522,000
  Budget Adjustment, Net  $           - 0 - 

^ As previously adjusted by Res. No. 2015-23 and Res. No. 2015-24
* Appropriation level

Approved by the City of Hood River City Council on this 28th day of September, 2015, to take effect immediately.

       ___________________________
       Paul Blackburn, Mayor

_____________________________________
Steve Wheeler, City Administrator