HomeMy WebLinkAboutCouncil Resolution 984RESOLUTION NO. c~~ L~
RESOLUTION TRANSFERRING APPROPRIATIONS WITHIN
FUNDS FOR FISCAL YEAR 2002-2003
Recitals
1. ORS 294.450(1) authorizes transfers of appropriations within a given fund when
authorized by official resolution of the City Council, providing that said resolution states the
need for the transfer, the purpose for the authorized expenditln-e, a~1d the amount of the
appropriation transferred.
Now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CENTRAL POINT, AS FOLLOWS:
1. General Fund (O1), Police (Dept IS), $26,900 shall be added to Personal Services.
This added expenditure is to cover vacation payoff for the retirement of two
personnel in the police department that was not anticipated in the adopted budget last
year. Additional revenue not originally budgeted includes additional revenue from:
Traffic Fines of $5,100 and Hotel Room Tax $21,800.
Equipment Acquisition Fund (82), $14,000 shall be transferred from Capital Outlay
to Material and Services. This transfer is needed to reflect the unanticipated increase
in the hourly rate paid to the city's computer consultant.
3. Telephone Excise Tax Fund (91), Increase the budget by the maximum 10% allowed
without reconvening the Budget conunittee in the amount of $5,780 for Material and
Services. With an offsetting increase in revenue (Intergovernmental Transfers). The
Telephone Excise Tax by Oregon Statute is required to be recorded in our finances,
even though the money goes directly to Medford's 911 dispatch. Last year the final
quarterly payment, was received after the budget was adopted, shows the need to
increase this year's budget.
~~
Passed by the Council and signed by in authentication of its passage this j,~ day of
\,,;~ _ 2003.
ayor Hank Williams
ATTES .
City Representative
Approved by me this ~~day of ,~ ~ , 2003.
l ~
Mayor Hank Williams