HomeMy WebLinkAboutResolution SEDA 2012-01 01/23/2012 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO. 2012-01
A RESOLUTION ADJUSTING RESOURCES AND REQUIREMENTS IN THE FOLLOWING FUNDS:
SEDA Glenwood General,SEDA Downtown General and SEDA Glenwood Capital Projects.
WHEREAS,the 2011-2012 fiscal year appropriations for the Springfield Economic Development Agency(SEDA)
were made by Resolution No.2011-02 dated June 13,2011;and,
WHEREAS,at various times during the fiscal year the SEDA Board of Directors is requested to make adjustments to
the fiscal year budget to reflect needed changes in planned activities,to recognize new revenues,or to make other required
adjustments;and,
WHEREAS,the SEDA Board of Directors handles such requests for adjustment to the budget through Supplemental
Budget Resolutions presented at public hearings at which the public may comment on such requests;and,
WHEREAS,notice of a public hearing, including information regarding such revenues and expenditures was published
in a newspaper of general circulation not less than 5 days prior to the public meeting.
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SPRINGFIELD
ECONOMIC DEVELOPMENT AGENCY,An Urban Renewal Agency of the State of Oregon,as follows:
Section 1. Supplemental Budget No. 1 for the 2011-2012 Fiscal Year amending Resolution 2011-02 is hereby adjusted as
follows:
SEDA GLENWOOD GENERAL- FUND 229
Estimated Revenues Appropriations
Beginning Cash Balance $ (5,657) Departmental
Interfund Loan Received 250,000 City Manager's Office $ (3,088)
Non Departmental
Reserves $ (2,569)
Capital Projects $ 250,000
Total SEDA Glenwood General Total SEDA Glenwood General
Fund $ 244343 Fund $ 244.343
SEDA DOWNTOWN GENERAL-FUND 230
Estimated Revenues Appropriations
Beginning Cash Balance $ (457) Departmental
Interfund Loan Received 85,900 City Manager's Office $ (110)
Non Departmental
Debt Services $ 85,900
Reserves (347)
Total Non Departmental $ 85,553
Total SEDA Glenwood General Total SEDA Glenwood General
Fund $ 85.443 Fund $ 85.443
SEDA GLENWOOD CAPITAL PROJECTS-FUND 429
Estimated Revenues Appropriations
Beginning Cash Balance $ 41,189 Non Departmental
Reserves $ 41,189
Total SEDA Glenwood Capital Total SEDA Glenwood Capital
Projects Fund $ 41,189 Projects Fund $ 41,189
Estimated Revenues Appropriations
Total Supplemental Budget $ 370,975 Total Supplemental Budget $ 370,975
Section 2. This resolution shall take effect upon adoption by the Board of Directors.
Adopted by the Board of Directors of the Springfield Economic Development Agency this 23rd day of January,2012,by a
vote of 9 for and 0 against.
5_J
.
Dave Ralston-Chair
Springfield Economic Development Agency
Board of Directors
ATTEST:
Sheri Moore- 'ecretary
Springfield Economic Development Agency
Board of Directors
'REVIEWED&APPROVED
AS TO FORM
DATE: // /9//Z RESOLUTION NO. 2012-01
SPRINGFIELD ECONOMIC DEVErO!•MENTAQENCy