RESOLUTION NO. 2016-24

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 294.473(1)(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 more from the expenditures in the budget as most recently amended prior to the supplemental budget, the governing body of the municipal corporation shall hold a public hearing on the supplemental budget; and
WHEREAS, the City of Hood River wishes to appropriate and close unnecessary project funds in FY 2015-16; and
WHEREAS, these unanticipated expenditures are offset by additional resources resulting in balanced funds.
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  Increase /  Adjusted
 Budget^ (Decrease) Budget
WATER FUND     
Resources: Beginning Fund Balance  $1,657,647  $253,575  $1,911,222
Resources: Inter-City Transfers In $240,704  $253,575  $428,354
Expenditures: Interfund Transfers Out* 240,704 253,575 494,279
Expenditures: Contingency* 205,357 187,650 393,007
  Budget Adjustment, Net  $           - 0 - 
   
SEWER FUND     
Resources: Other Revenue $5,358,057  $2,006,186  $7,364,243
Resources: Inter-City Transfers In $830,327  $11,000  $841,327
Expenditures: Sewer Operations/WWTP* 6,101,585 9,800 6,111,385
Expenditures: Sewer Reserve-Capital* 37,964 75,000 112,964
Expenditures: Debt Service* 255,000 1,910,386 2,165,386
Expenditures: Interfund Transfers Out* 830,327 11,000 841,327
Expenditures: Contingency* 569,712 11,000 580,712
  Budget Adjustment, Net  $           - 0 - 


^ As previously adjusted by resolution
* Appropriation level

Approved by the City of Hood River City Council on this 27th day of June, 2016, to take effect immediately.

       ___________________________
       Paul Blackburn, Mayor

_____________________________________
Jennifer Gray, City Recorder