HomeMy WebLinkAboutCouncil Resolution 1353Resolution No. 1353
A RESOLUTION TO APPROVE SUPPLEMENTAL BUDGET #2
FORTH E 2012/13 FISCAL YEAR
RECITALS:
A. Housing Fund; CDBG Grant donation: State of Oregon revisions to 24CFR, Part 570, states that
Community Block Grant program remaining funds may no longer be used as miscellaneous income, but
may be used at the local level as a donation to a bona fide food bank/warehouse or as a sub -grant to
an eligible non-profit for housing rehabilitation. City Council directed staff to make a donation of the
June 30, 2012 total fund balance in the Housing Fund of $40,925 to the local Food & Friends food bank.
B. General Fund; Federal Grant: The City has been approved a federal grant through the Oregon
Transportation Safety Division. The purpose of the grant is to implement an "eCrash/eCitation"
statewide software system. Total cost of the software is $51,993; the federal grant will reimburse the
City for $41,993, with the remaining $10,000 paid from the Police and Technical Services budgets.
C. Water Fund; Water Reservoir: Due to unforeseen complications, $1.87 million of the City's water
reservoir project was extended into the 2012/2013 fiscal year. Of the total $5.6 million project, only
$1.5 million was budgeted, leaving a shortfall of $370,000 in this budget year.
The City of Central Point resolves as follows:
To amend the 2012/13 budget in accordance with ORS. 294.480.
As such, the budget changes will be as follows:
Section 1.
Budget Appropriation
Revenue
Expense
Adj. Appropriation
Housing Fund:
Carryover Balance $40,925
$40,925
$0
Food Donation
$40,925
$40,925
Total Revised
$40,925
$40,295
General Fund:
Federal Grant $0
$41,993
$41,993
Police-Sm.Equip/Tools $40,000
($5,000)
$35,000
Tech Services -Software $100,000
$46,993
$146,993
Total Revised
$41,993
$41,993
Water Fund:
Loan Financing Proceeds $1,500,000
$370,000
$1,870,000
Water Reservoir $1,500,000
$370,000
$1,870,000
Total Revised
$370,000
$370,000
1012/13 Supplemental Budget #2 Page 1
Passed by the Council and signed by me in authentication of its passage this 14th day of March, 2013.
Mayor Hank Williams
1012/13 Supplemental Budget N2 Page 2