HomeMy WebLinkAboutCouncil Resolutions 1711 RESOLUTION NO. 1`j i J
A RESOLUTION OF THE CITY OF CENTRAL POINT
APPROVING A 2021-23 SUPPLEMENTAL BUDGET
Recitals:
A. ORS 294.471 (1) (c) allows the governing body to adopt a supplemental budget when
funds are made available by another of federal, state or local government and the
availability of which could not reasonably be foreseen when preparing the original
budget or a previous supplemental budget for the current year or current budget
period.
B. The City of Central Point Police Department was awarded a school safety grant
through the Department of Justice. Grant revenue and corresponding expenditures
of $60,000 will be added to the 2021-23 biennial budget.
C. The City's draft American Rescue Plan Act (ARPA) allocation was $3,841,860. The
final allocation was $4,185,245. In addition, the City received an additional grant of
$500,000 with the passage of House Bill 5006 in the Oregon legislature.
D. The new public works corporation yard construction was originally budgeted with
debt financing of$4,500,000. In order to complete the project, additional financing
in the amount of $2,051,300 was needed. The additional financing proceeds will be
split between the Street, Water and Stormwater funds respectively.
The City of Central Point resolves as follows:
Section 1.
Adjusted
Budget Revenues Expenses Budget
General Fund 5 24,539,670 5 24.539.670
Police Donations/ Grants $ 140,000 $ 60,000 $ 200,000
Materials &Services - Police $ 1,850,000 $ 60,000 $ 1,910,000
General Fund - Revised $ 24,599,670 $ 24,599,670
Fed. Stimulus Grant Fund $ 3,841,860 $ 3.841.860
Federal Grants $ 1,920,930 $ 843,385 $ 2,764,315
Capital Outlay $ 2,300,000 $ 843,385 $ 3,143,385
Fed. Stimulus Grant Fund - Revised $ 4,685,245 $ 4,685,245
Street Fund 5 10,491,935 5 10,491.935
Financing Proceeds $ 1,500,000 $ 683,767 $ 2,183,767
Capital Outlay $ 3,125,000 $ 683,767 $ 3,808,767
Street Fund - Revised $ 11,175,702 $ 11,175,702
Water Fund S 11,361,255 $ 11,361,255
Financing Proceeds $ 1,500,000 $ 683,767 $ 2,183,767
Capital Outlay $ 2,845,000 $ 683,767 $ 3,528,767
Water Fund - Revised $ 12,045,022 $ 12,045,022
Stormwater Fund 5 5,951,505 $ 5,951,505
Financing Proceeds $ 1,500,000 $ 683,766 $ 2,183,766
Capital Outlay $ 2,245,000 $ 683,766 $ 2,928,766
Stormwater Fund - Revised $ 6,635,271 $ 6,635,271
Passed by the Council and signed by me in authentication of its passage this 23rd day of
June 2022.
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Mayor Hank Williams
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Deanna Casey, Recorder v