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FIN-1.18 - FY 2005-06 Spring Major Supplemental Budget

FY 2005-06 SPRING MAJOR SUPPLEMENTAL BUDGET
Binding City Policy
BCP-FIN-1.18


 
Link to Memorandum  (PDF document 84 KB)
 
PURPOSE
 
Section 1.  The Council finds:
 
1. As defined by ORS 294.480, conditions exist that require the City of Portland to prepare a supplemental budget. The Budget Officer of the City of Portland submitted a supplemental budget in the amount of $700,000 to Multnomah County Tax Supervising and Conservation Commission (TSCC) on June 2, 2006.
 
2. The TSCC held a public hearing on June 15, 2006 and subsequently certified the supplemental budget.
 
3. Pursuant to certification by the TSCC, the City of Portland’s Spring FY 2005-06 supplemental budget should be adopted by the City Council, the resources and requirements of the various funds should be amended, and the specified appropriations should be made in accordance with the attached exhibits to implement the proposed projects and activities.
 

POLICY
 
NOW, THEREFORE, the Council directs:
 
a. The supplemental budget, as certified by the Multnomah County Tax Supervising and Conservation Commission, is hereby adopted.
 
b. The actions amending the FY 2005-06 budget contained in this ordinance are binding City policy.
 
c. Appropriations, resources and requirements by fund are hereby amended in accordance with Attachment 1 and Exhibits 1-4 as attached.
 
Section 2.  The Council declares an emergency exists in order that the Spring FY 2005-06 supplemental budget may be implemented without delay; therefore, this ordinance shall be in force and effect from and after its passage by Council.
 

HISTORY
 
Emergency Ordinance No. 180253, passed by City Council and effective June 22, 2006.