HomeMy WebLinkAboutResolution 2018-32 12032018 CITY OF SPRINGFIELD
FY 2018-2019
SUPPLEMENTAL BUDGET No.2
RESOLUTION NO.2018-32
A RESOLUTION ADJUSTING RESOURCES AND REQUIREMENTS IN THE FOLLOWING FUNDS:
Street Capital and Sanitary Sewer Operations Funds.
. WHEREAS,the 2018-2019 fiscal year appropriations for the City of Springfield were made by Resolution No.2018-
21 dated June 25, 2018 and,
WHEREAS,at various times during the fiscal year the Common Council 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 Common Council 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,this Supplemental Budget#2 as amended by Supplemental Budget#1 Resolution#2018-27,for the
2018-2019 fiscal year,amends Resolution#2018-21;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;and,
NOW,THEREFORE, BE IT RESOLVED,by the Common Council of the City of Springfield,a Municipal Corporation
of the State of Oregon,as follows:
Section 1.Resolution 2018-27 is hereby adjusted as follows:
•
Street Capital- Fund 434
Resources Requirements
FY19 Amended Budget $ 3,608,642 FY19 Amended Budget S 3,608,642
Interfund Loan $ 2,500,000 Capital Projects $ 2,500,000
Total Resources Adjustments 5 6,108,642 Total Requirements Adjustments $ 6,108,642
Continents: Recognizes interfund loan from sanitary sewer reserves for the following projects: 14th Street,
Commercial Street, design services for Mohawk, Highbanks and Centennial. Interfund loan repaid using bond
proceeds,bond measure 20-296.
Local Wastewater Operations- Fund 611
Resources Requirements
FY19 Amended Budget $ 30,910,550 FY19 Amended Budget $ 30,910,550
Non-Departmental Expenses:
Interfund Loan S 2,500,000
Reserves (2,500,000)
Total Non-Departmental Expenses: -
Total Resources Adjustments S 30,910,550 Total Requirements Adjustments S 30,910,550
Comments: Interfund loan to Street Capital Fund.
Total Resources Adjustments $ 37,019,192 Total Requirements Adjustments $ 37,019,192
Section 2. This resolution shall take effect upon adoption by the Council and approval by the Mayor.
Adopted by the Common Council of the City of Springfield this 3rd day of December, 2018, by a vote of 6 for and
0 against.
Attest:
/ /.-
Cit Recorder AJ Ripka Mayor Christine L Lu►..: g
REVIEWED&APPROVED
ASTOF0 - .. ;)
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DATE: " F1/L '
OFFICE OF ITY •TTORNEY
RESOLUTION NO. 2018-32