HomeMy WebLinkAboutCouncil Resolution 1101RESOLUTION NO. ~ ~~ l
A RESOLUTION ADOPTING A SUPPLEMENTAL BUDGET FOR 2005-06.
THE CITY COUNCIL OF THE CITY OF CENTRAL POINT, OREGON, HEREBY RESOLVES AS
FOLLOWS:
SECTION 1. Because of the circumstances stated below, the Mayor and City Council of the
City of Central Point determine that it is necessary to transfer budget
appropriations as follows:
Water Fund
To: SDC Interfund loan
From SDC Capital Outlay
440 000
$440,000
This appropriation covers the interfund loan from the water SDC to the Capital Improvements Fund. This
loan provides interim financing for the Local Improvement District projects. It is budgeted to be repaid in
2006-07.
To: Water Fund -Capital Projects/Debt Financed-Capital Outlay
From: Water Fund SDC Capital outlay
500 000
$500,000
This appropriation covers the separate accounting or division for the purchase of water rights. The City will
later reimburse itself with bond proceeds for these costs.
Public Works Service Fund
To; Public Works Administration Personnel $616,430
Public Works Administration Materials and Services 242,830
From Additional revenues- Public Works Administrative overhead $859,260
This appropriation allows for separate accounting of the expense associated with the public works
administrative personnel.
Passed by the Council and signed by me in authentication of its passage this~day of ,
2006.City of Central Point ~~
Jackson C , Or ~.
Mayo ank Williams
ATT S
City Recorder ~
Approved by me this ~ day of , 2006.
B ~.
~/
Mayor Hank Williams
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