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FIN-1.26 - FY 2007-08 Winter Major Supplemental Budget

FY 2007-08 WINTER MAJOR SUPPLEMENTAL BUDGET 

Binding City Policy

BCP-FIN-1.26


 

Link to Attachment 1  (PDF Document, 12 kb) 

Link to Exhibit 1  (PDF Document, 16 kb) 

 

PURPOSE

 

Section 1. The Council finds:

1. Conditions exist, as defined by ORS 294.480, which require the City to prepare a major supplemental budget. In accordance with the provisions of ORS 294.480(6), the City submitted a proposed major supplemental budget to the Tax Supervising and Conservation Commission (TSCC) on February 15, 2008.

 

2. The TSCC held a public hearing on the proposed major supplemental budget on February 27, 2008.

 

3. The City's FY 2007-08 winter major supplemental budget must now be adopted by Council to become effective. In accordance with the attached exhibits, resources and requirements should be amended in two funds and appropriations should be made to implement the proposed projects and activities.


POLICY 

 

NOW, THEREFORE, the Council directs:

a. The FY 2007-08 winter major supplemental budget is hereby adopted.

 

b. FY 2007-08 appropriations, resources, and requirements are hereby amended in accordance with Attachment 1 and Exhibit 1.

 

c. This ordinance is binding City policy.

Section 2. The Council declares that an emergency exists because amendments to appropriations, resources, and requirements must be implemented without delay to permit the authorized projects to proceed in a timely manner; therefore, this ordinance shall be in full force and effect from and after its passage by the Council.

 

Exhibits are in PDF format and require the free Adobe Acrobat Reader.

 


HISTORY

 

Emergency Ordinance No. 181650, passed by City Council and effective March 5, 2008.