HomeMy WebLinkAboutResolution SEDA 2011-01 06/13/2011 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO. 2011-01
A RESOLUTION ADJUSTING RESOURCES AND REQUIREMENTS IN THE FOLLOWING FUNDS:
SEDA Glenwood General,SEDA Downtown General and SEDA Glenwood Capital Projects.
WHEREAS,the 2010-2011 fiscal year appropriations for the Springfield Economic Development Agency(SEDA)were
made by Resolution No.2010-02 dated June 14,2010;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 2010-2011 Fiscal Year amending Resolution 2010-02 is hereby adjusted as
follows:
SEDA GLENWOOD GENERAL-FUND 229
Estimated Revenues Appropriations
Beginning Cash Balance $ 65 Non Departmental
Reserves $ 65
Total SEDA Glenwood General Total SEDA Glenwood General
Fund $ 65 Fund 5 65
REVIEWED&APPROVED
AS TO FORM
DATE: 4724///
SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
SEDA DOWNTOWN GENERAL-FUND 230
Estimated Revenues Appropriations
Beginning Cash Balance $ (2,361) Departmental
City Manager's Office $ (70,624)
Development Services 13,624
Total Departmental $ (57,000)
Non Departmental
Debt Services $ 57,000
Reserves (2,361)
Total Non Departmental $ 54,639
Total SEDA Glenwood General Total SEDA Glenwood General
Fund $ (2.361) Fund $ (2.3611
SEDA GLENWOOD CAPITAL PROJECTS-FUND 429
Estimated Revenues Appropriations
Beginning Cash Balance $ 107 Non Departmental
Reserves $ 107
Total SEDA Glenwood Capital Total SEDA Glenwood Capital
Projects Fund $ 107 Projects Fund $ 107
Estimated Revenues Appropriations
Total Supplemental Budget $ (2,189) Total Supplemental Budget $ (2,189)
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 13th day of June,2011,by a vote
of 8 for and 0 against. (1 absent)
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Dave Ralsto -Chair
Springfield Economic Development Agency
Board of Directors
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