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HomeMy WebLinkAboutCouncil Resolutions 1872RESOLUTION NO. 1872 A RESOLUTION OF THE CITY OF CENTRAL POINT APPROVING A 2025-2027 SUPPLEMENTAL BUDGET #1 RECITALS: WHEREAS, the City of Central Point (the "City") is a municipal corporation of the State of Oregon subject to the requirements of Oregon Local Budget Law as set forth in ORS Chapter 294; WHEREAS, pursuant to ORS 294.463, Oregon Municipalities can transfer appropriations between existing categories during the budget period, and pursuant to ORS 294.471 and 294.473, Oregon Municipalities can make one or more supplemental budgets for an occurrence of conditions not ascertained while preparing the current budget or if the amended estimated expenditures contained in an individual fund that is being changed differs by 10% or less; WHEREAS, this Supplemental Budget requests additional appropriations or adjustments for various City funds. The affected funds are: General Fund, Street Fund, Water Fund, and Internal Services Fund. Total Supplemental Budget changes equal $1,960,600 ; WHEREAS, the Budget Committee for the City of Central Point has approved the proposed Supplemental Budget for the 2025/2026 fiscal year; and WHEREAS, the City Council held a duly noticed public hearing on June 11, 2026 to consider the supplemental budget. The City of Central Point resolves as follows: Section 1. The Supplemental Budget for 2025/2027 is hereby adopted. Section 2. The additional appropriations for fiscal year 2025/2026 are hereby appropriated as follows: General Fund Resources – Increase $950,600 Intergovernmental Revenue • Increase State/local Grants (10-00-00-4330) by $78,000 for a grant for Pfaff Park. • Increase Asset Forfeiture (10-00-00-4395) by $80,000 for the purchase of Police radios. Charges for Service • Increase Public Safety Fee (10-00-00-4449) by $790,000 for the Public Safety Fee increase earlier this year. Docusign Envelope ID: D44A9F86-58D1-85BF-83D1-F28AE6FC5772 Res. No. 1872; (City Council Meeting 06/11/2026) Page | 2 • Decrease City Overhead Fees (10-00-00-4415) by $531,000 for a budgeting error. Miscellaneous • Increase Miscellaneous Revenue (10-00-00-4810) by $350,000 for the sale of the Old Military Road and Bush Street properties. • Increase Parks Donations/Grants (10-00-00-4815) by $183,600 for a grant for Pfaff Park Playground Equipment and for a grant from OPRD of Urban Forestry. Requirements – Increase $950,600 Finance • Increase Professional Services Expense (10-20-00-6350) by $125,000 for Audit fees. Parks • Increase Community Forestry Expense (10-40-45-6534) by $57,000 for Urban Forestry grant expense. • Increase Salaries and Wages (10-40-45-5010) by $148,200 for part-time help to clean restrooms and park gazebos. This will save the City of Central Point $ annually compared to using contract services. • Decrease Contract Services (10-40-45-6360) by $197,000 for the partial cancellation of contract services for restroom and gazebo cleaning. • Increase Pfaff Park CIP expense (10-40-45-7240) by $143,000 for costs associated with Pfaff Park Playground equipment. Police • Increase Salaries and Wages (10-60-00-5010) by $283,000 due to a budgeting error. • Increase Dispatch Services (10-60-00-6340) by $70,000. The budget amount was too low. • Increase Asset Forfeiture Expense (10-60-00-6433) by $80,000 for the purchase of police radios. • Increase Fuel Expense (10-60-00-6660) by $100,000 due to rising fuel prices. Transfers Out • Decrease Transfers Out to Reserve Fund (10 -90-37-8000) by $200,000 in order to stabilize the General Fund balance. Contingency • Increase Contingency Expense (10-90-37-9000) by $341,400. Excess amount to balance. Street Fund Resources – Increase $360,000 Beginning Fund Balance • Increase Beginning Fund Balance (20-00-00-4010) by $360,000 to reflect the actual amount. Requirements – Increase $360,000 Docusign Envelope ID: D44A9F86-58D1-85BF-83D1-F28AE6FC5772 Res. No. 1872; (City Council Meeting 06/11/2026) Page | 3 SDC Capital Expense • Increase CIP-Highway 99 (20-70-43-7211) by $755,000. Transfers • Increase Transfer to Debt Service Fund (20 -90-37-9000) by $62,000. Ending Fund Balance • Decrease Ending Fund Balance (20-90-37-9500) by $457,000. Capital Improvement Fund No Change Reserve Fund Resources – Decrease $200,000 Transfer In • Decrease Transfer in from General Fund (35-00-00-4910) by $200,000. Requirements – Decrease $200,000 Ending Fund Balance • Decrease Ending Fund balance (35-90-37-9500) by $200,000. Debt Service Fund Resources – Increase $138,000 Beginning Fund Balance • Increase Beginning Fund Balance (40-00-00-4010) by $138,000 to reflect the actual amount. Transfer In • Increase Transfers In (40-00-00-4910) by $62,000 to assist with the Debt Service budget error. Requirements – Increase $138,000 Debt Service Expense • Increase Principal – Public Works Operations Center (40-90-37-7630) by $200,000 due to a budgeting error. Building Fund No Change Water Fund Resources – Increase $450,000 Beginning Fund Balance • Decrease Beginning Fund Balance (55-00-00-4010) by $400,000 to reflect the actual amount. Charges for Services Docusign Envelope ID: D44A9F86-58D1-85BF-83D1-F28AE6FC5772 Res. No. 1872; (City Council Meeting 06/11/2026) Page | 4 • Increase Water Sales (55-00-00-4490) by $850,000 to reflect an overall 20% rate increase in March 2026. Requirements – Increase $450,000 Operations Expense • Increase Water Purchase (55-70-43-6750) by $450,000 to reflect a 25% increase in wholesale water purchase by the Medford Water Commission. Storm Water Fund No Change Internal Services Fund Resources – Increase $200,000 Beginning Fund Balance • Increase Beginning Fund Balance (60-00-00-4010) by $200,000 to reflect the actual amount. Requirements – Increase $200,000 Facilities Maintenance • Increase Contract Services (60-70-11-6360) by $58,000 to reflect an increase in contract services. PW Administration • Increase Contract Services (60-70-27-6360) by $22,000 to reflect an increase in contract services. PW Fleet Maintenance • Increase Fuel Expense (60-70-29-6660) by $120,000 to reflect an increase in fuel costs. Total Fiscal Impact - $1,960,600 Passed by the Council and signed by me in authentication of its passage this 11th day of June 2026. Mayor Taneea W. Browning ATTEST ______ Rachel Neuenschwander, Recorder Docusign Envelope ID: D44A9F86-58D1-85BF-83D1-F28AE6FC5772