HomeMy WebLinkAboutResolution SEDA 2008-03 11/24/2008 SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY
RESOLUTION NO.2008-03
A RESOLUTION ADJUSTING RESOURCES AND REQUIREMENTS IN THE FOLLOWING FUNDS:
SEDA Glenwood General,SEDA Downtown General and SEDA Glenwood Capital Projects.
WHEREAS,the 2008-2009 fiscal year appropriations for the Springfield Economic Development Agency(SEDA)
were made by Resolution No.2008-01 dated June 23,2008;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 2008-2009 Fiscal Year amending Resolution 2008-01 is hereby adjusted as
follows:
SEDA GLENWOOD GENERAL-FUND 229
Estimated Revenues Appropriations
Beginning Cash Balance $ (4,012) Departmental
Interfund Loan from Fund 420 1,000,000 City Manager's Office $ (2,000)
Interfund Transfer from Fund 420 (1,000,000) Finance 2,000
Total Departmental -
Non Departmental
Reserves (4,012)
Total SEDA Glenwood General Total SEDA Glenwood General
Fund $ (4.012) Fund $ (4.012)
SEDA DOWNTOWN GENERAL-FUND 230
Estimated Revenues Appropriations
Current Taxes $ 75,000 Departmental
City Manager's Office $ 74,000
Finance 1,000
Total Departmental 75,000
Total SEDA Glenwood General Total SEDA Glenwood General
Fund $ 75.000 Fund $ 75.000
SEDA GLENWOOD CAPITAL PROJECTS-FUND 429
Estimated Revenues Appropriations
Beginning Cash Balance 38,297 Non Departmental
Reserves 38,297
Total SEDA Glenwood Capital Total SEDA Glenwood Capital
Projects Fund $ 38,297 Projects Fund $ 38,297
Estimated Revenues Appropriations
Total Supplemental Budget $ 109,285 Total Supplemental Budget $ 109,285
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 24th day of November,2008,
by a vote of 7 for and 0 against. (2 absent)
/6, /
John Woodrow-Chair
Springfield Economic Development Agency
Board of Directors
ATTEST:
Christine Lundberg-Secr
Springfield Economic Development Agency
Board of Directors
REVIEWED & APPROVED
AS TO FORM
•
DATE: I'/i9/ok
LEGAL COUNSEL
RESOLUTION NO. 2008-03