HomeMy WebLinkAboutDevelopment Commission 2025-2 RESOLUTION NO. '7 '>
A RESOLUTION OF THE CENTRAL POINT DEVELOPMENT COMMISSION
APPROVING A 2024-25 SUPPLEMENTAL BUDGET
Recitals:
A. Pursuant ORS 294.471 and 294.473, Oregon Municipalities can make one or more
supplemental budgets.
B. With the switch in reporting basis from accrual to modified cash basis as well as the
timing of the completion of City projects that were going to be partially funded
through the Central Point Development Commission the reimbursement will be
done in this budget period where it was originally budgeted to occur in the 2023-24
budget period. Therefore, beginning fund and capital outlay expenditure increase of
$450,000 is proposed.
The Central Point Development Commission resolves as follows:
Section 1.
Adjusted
Budget Revenues Expenses Budget
General Fund $ 2,458,040 $ 2,458,040
Beginning Fund Balance $ 1,213,160 $ 450,000 $ 1,663,160
Capital Outlay $ 50,000 $ 450,000 $ 500,000
General Fund - Revised $ 2,908,040 $ 2,908,040
Passed by the Board and signed by me in authentication of its passage this 27th day of
March 2025.
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Board Chair Taneea Browning
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ATTEST
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Rachel Neuenschwander, Recorder